I am making no reference to insider information at all. The relevant fact is the company’s insolvency. If you’re in an executive position at a company, and yo

I am making no reference to insider information at all. The relevant fact is the company’s insolvency. If you’re in an executive position at a company, and you know the company is insolvent, and you’re appropriating company funds for yourself, you’re breaking the law. It doesn’t matter if the company owes you that money. There’s a little subtlety here of course but this wouldn’t be an example of that.