Can you believe this?
His attorney's released a notarized letter dated the day before his sons squealed on him which explains the entire thing and its intent.
He went through all this trouble just to show the SEC how easy it is to defraud investors. Apparently, all the investors' money is intact and in the hands of the attorney general for distribution to its rightful owners. It was sitting in escrow with an over-seas custodian for release after he pleads guilty.