the scam that was readily apparent at the time is that NVK and miljan were producing obvious subpar products, but Odell was giving them money and promotion because it brought him the most social benefit. This is contrary to the concept of fiduciary duty, where a board member has a moral and legal obligation to act in the best interests of the mission of the nonprofit, as well as a violation of his fiduciary duty as an agent of capital investment, where he has the moral and legal obligation to act on behalf of the interests of Ten31’s depositors. That this twofold criminal violation of his fiduciary duties, both at the nonprofit and the venture capital firm he works at, lead to the largest cold storage self-custody loss in the history of Bitcoin, is a tragedy. But the legal and moral violations happened the minute he engaged in it, before the mass customer losses.