Most business owners will do almost anything to keep their business going. When is the right time to walk away?

Consider this:
The former chief executive of defunct Regal Bank and a convicted fraudster faces a sentence of at least 15 years when he is sentenced on Tuesday.

Jeff Levenstein will appear before a judge at the South Gauteng High Court in Johannesburg on eight charges, including six of fraud and two of the contravention of the Companies Act of 1973.

“In spite of the accused’s industrious efforts to hide the fact that Regal Bank was not doing financially well, the truth of Regal’s dismal performance and situation was ultimately exposed. This resulted in Regal Bank being placed in curatorship and ultimately liquidated.”

Levenstein has been found guilty of falsely shoring up Regal’s share price by buying its own shares and giving other people and entities money to acquire the shares of Regal Holdings, the bank’s parent company.
full story from Business Report here
Was Jeff Levenstein simply trying too hard to keep the company going?