Soar, well, the character that created the place was well known for his business practices, ask any other flight school operator how he operated. When this character appeared on the AFR young rich list he knew what was coming, but that didn't stop him big noting. It takes a special kind of stupid to continue down that path when it was just a matter of time before the whole saga blew up in his face.
Look up "Narcissistic Personality Disorder", the grandiose behaviour gives it away. Its related to sociopathic/psychopathic behaviour. These people are very believable because they can lie convincingly with a straight face,