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>Is it because the board was full of connected people?

The board was scammed by her and lost billions of potential dollars, so that's probably not why. If anything, I wonder the opposite, why the connected people didn't do more; I'm guessing it's because destroying her further isn't worth their time?

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>The board was scammed by her and lost billions of potential dollars

I think it is fair to summarize the literal job, and legal responsibility, of the board as don't get scammed

They aren't ma and pa kettle...

True, but nonetheless, fraud is fraud. Even rich board members get scammed sometimes. Fraud laws protect people from scams after the fact.

People are frequently very averse to admitting they've been scammed, especially people with a reputation to protect.

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