From a distance, based on the documents published here, it looks like a retired nurse put up about $50,000 (is that the right number?) to start a corporation. The corporation was started with 5 million shares issued to her, and 5 million shares issued to Scott. His role is to conduct the business of the corporation, since he held all the relevant titles, based no doubt on his long-term experience on the Internet, and, of course, his "vigor". Maybe he thouhgt he had figured out a way to get paid for lying and insulting people (more than his eBay business, at least).

It looks like the exercise is over. I'm hoping he didn't get too much of the little old lady's money.