With Limited Liability, your private assets as an agent are shielded, but only if you don't pierce the veil. Criminal acts pierce the veil, and the government i

With Limited Liability, your private assets as an agent are shielded, but only if you don't pierce the veil. Criminal acts pierce the veil, and the government is usually pretty happy to scoop up money when possible. I suspect there's more to the story than just "oopsie, private company did evil thing and got rich but nobody was held responsible". More likely is that they did what they were supposed to do at least to the black letter of the law, but failed otherwise. The directors, managers, etc likely didn't break any laws.