SOAR was a great example of "how not to run a flying school" $Millions of taxpayers money was siphoned away, with the blessing of the then Minister saying that "NK is exactly the sort of entrepreneur this country needs!". When it all collapsed a Royal Commission should have been held into not only the fact that NK was on the Rich List with $67 million in his pocket with the Miniter's blessing (sorry can't remember which Minister it was) and many students and instructors were let high and dry, but also all the regulatory issues that had arisen in CASA's plain sight (by using the RA Aus loophole). eg that instructors were being upgraded when they didn't actually have enough GA hours etc.
The bigger they are, the harder they fall.
But a Wannabee will usually go for the big shiny one with the unrealistic promises.