Paul, have you forgotten the reason people do business as a corporation rather than as individuals? It is precisely to avoid individual personal liability. That is, in fact, the main reason for anyone to incorporate. The sole reason for most! You can't lose your personal assets.
Incorporating does not however defeat individual criminal liability for such crimes as fraud, if indeed such crimes occurred at all. (I am not sufficiently apprised of the fact to be able to judge that.)
Landlocked in Denver, but cruisin every chance we get.
Polynesia, Carib. '86
Cr. Odyssey, Scandinavia, '91, 30 Day S Pac. 2002
Crystal Harm, Aust., N.Z., '94
Royal Odyssey, AK,'96
Old Cr. Pr. Canal, '97
RCCL, Carib, 1998
Volendam, Car, 2000
Ryndam, 35 day S. Am., Antarctica, '03
Is. Pr., Canal, 2004
Statendam, 34 day China, Japan, AK '06
Cr.Pr., Carib. 08
Eurodam, Atlantic, Med. '10