Can I get a summary? Too long; didn’t watch.
I didn’t watch it, but I’m fairly sure it’s about this:
https://en.wikipedia.org/wiki/Texas_two-step_bankruptcy
It’s a legal maneuver to protect company assets from lawsuits by spinning off the liable parts of the company from the parts that hold the valuable assets.
I remember hearing about a Chinese company that pulled shit like this
The CEO was executed
There’s a great episode of Swindled on this.
And they’re still selling it today….