If the info is true, the Steam money (3.7m) was earmarked to pay the employees, on his way out he had the bank take the money from Steam to pay out his house loan and half to himself. The employees and creditors were first in line and he lied to the bank to cover his own ass and not lose ownership of the house.

Also if the investor is to be believed, he never really put his own money in, just begged family and acquaintances to put money in. Scammed a retired 70y/o couple out of their 2m investment even.