The thing is...
He must have realized that the auditor's had dropped the ball...Then, rather than try to fix it, he exploited it...
Put Millions in assets on the parent company's book's, but neglegt to put offsetting liabilities on the subsidiary books... Auditors??? anyone???
Hello???
His biggest mistake was that he didn't write himeslf a bunch of $100 Million checks in the process and then disappear into the South America underground...