Man this is sad to read and pisses me off. As a reporter I've covered my share of businessmen who pull this sort of thing. Most of them get away with it, time and again. I've long wondered why anti-fraud criminal laws are so seldom enforced in the USA. I don't see that anyone benefits from this—except the guys who make a career out of defrauding customers and investors.
Glad I never did business with DW.