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If you’re going to cheat, go big! And kudos on his choice of how to spend the money! /s
It’s bizarre how many of these people think they’ll continue to be able to do this stuff until death and not get caught. As they’re defrauding their own companies, do they think eventually the creditors aren’t going to come a-knocking and the accounting team won’t ever notice miraculously depleted balance? This guy seems a bit like Sam Bankman-Fried writ small: lots of empty but dazzling promises.
As an accountant/ CPA, I agree. Something has to give.eventually. Of course, it’s hard to prove a negative – you don’t know if some people DID get away with it and never got caught since it wouldn’t make the news.