Shocking?
Non?
Tapping customer funds was already going on. So what they were really doing was asking for forgiveness versus asking for permission.
Why did he even bother? It's not as if the regulators were doing the job they are paid to do. These thefts only came to light AFTER the bankruptcy was filed........or is it that the regulators found out about these thefts BEFORE the bancruptcy and did or said NOTHING?