Blue Chip Financial Dissolutions

Is there anything about the Blue Chip collapse that doesn’t have a stench to it? 

The circumstances don’t match a straightforward bad business model and/or dumb decisions as we saw in with finance company collapses.   I see four things that stink:

1. ‘Financial Advisers’ selling their company’s products;
2. Suspect valuations and associated high margin deals (7:40mins in);
3. A unusually complex web of companies; and
4. Mysterious thefts.

Also, if Blue Chip associated companies did make large sums trading properties (point 2.) where’s this money gone?  I doubt anyone would put money on the Fair Trading Act being the only law breached.