Not really, but could it be variation of that? There are to many things that don't add up for him to do something like that. But I would not be surprised if he screwed over the commons.

Sandridge oil, although not a scam whatsoever, had no problem screwing over the commons by filling BK, only to get debt forgiven and all the shares owned by the common given to the new debtors. CEO's are not our friends!