I don’t detect any curiosity as to whether this is an outright fleecing of investors or a vehicle for money laundering. Massive gain for the hedgies with only weird risk, kickback time with free money there. And handing Trump + Nunes vast sums with no obvious business to consume it looks like a tailor-made vehicle to just shift it to related parties for “fees”, “licensing”, “consulting”, load it up with debt, and push it off the cliff. As investment capital, the funds don’t need to be repaid.
Even worse, you could probably launder money through it and end up with capital losses to offset your taxes elsewhere to boot.
At least WeWork had cachet as it roasted chestnuts on a money pyre.