Like @Piperboy above I've no idea who all the characters are and who might have said or did what in this saga....however unlike Piperboy in many cases I feel rather more sorry for the creditors and employees than those running the businesses.
I certainly know of a cases (non aviation) where said company goes bust, creditors get stuffed, employess get sacked, customers get nought.........and the person running the "business" walks away laughing and carrying on around the village just as normal. Shortly after they start a new business.
How do they do it you ask, why do people believe them? Well these sort of people are always very gregarious, interesting, outgoing personalities and in in many cases perfectly pleasant characters - on the outside anyway. So people believe them and think it will be different this time round..............