So what happened to the assets?
Very simple now for Hubbard to refute. Were there assets or weren't there assets?
The SFO gave Hubbard and his lawyers all the time in the world (since Nov 2010) to come up with reasonable explanations. All they could come up with were : "This is ridiculous. We are innocent." and of course, the infamous brain scan!
The fact that Hubbard is now charged points towards the obvious.
Enumerate would of course state that it's just a jay walking charge. Wonder how he would feel if it's aged parents who were told by Hubbard that they had $5.8m of investments when the investments do not exist.
"Documents revealing details about the case were released yesterday, including information on charges that he allegedly deceived investors into thinking they had seven-figure sums invested in his company Aorangi Securities.
One of the charges says a statement showing an investment of $5,821,440 was given to an investor "when in fact no such investment existed". Another similar charge related to an investment of $1.45 million which the SFO also says did not exist."