Jobs @ L² - Lake & Lilac, page-7

Rocket I'm glad you brought Nemaska up
Nemaska had a hard rock lithium deposit in Canada. It was during a lithium price boom, but unfortunately the price went bust and so did Nemaska. LKE will only resemble Nemaska if the Lithium price goes belly up.
Theranos was run by a lady who had no qualifications and who appointed to the board influential politicians who had no experience in the industry.
Lilac's founder has a PhD in Materials Engineering the people he is appointing to Lilac are experts in the field https://lilacsolutions.com/team/
Enron Simply ran a dual set of books. With the experienced people that Lilac and LKE are bringing aboard it's ridiculous to think that fraud is a feature any more than at any other company.
Bernie Madoff traded on his name took money in and sent less money out.
The things that tie all the frauds together is that they are simple just a matter of promises and take your money. To work a confidence trick needs to be simple with as few in on the con as possible.