nah it's not. Look at SGH, they bought a fraudulent business knowing it was fraudulent (or reasonably expected to know it was) and the insurer paid out. They'd been inflating their work in progress for ages and it paid out. It's the whole point of the insurance that it pays out in such circumstances.
Anyway - it's all a bit academic because that's what the lawyers will be going for assuming no residual value in QIN, and for people thinking about signing up for a class action, an SGH like outcome is the most likely.
QIN Price at posting:
29.5¢ Sentiment: Sell Disclosure: Not Held
