Could he have manouvered it that way? taken the time to set up accounts etc in the name Clay, to enable him to still be viable under Baden Clay? it that even possible? because if it is...then this is the man that would have tried to swindle it.
Slighty on that topic, when I was studying tax accounting, our lecturer hinted many times that there a ways around everything when it comes to tax avoidance, particularly when it comes to companies, and setting up subsidiaries, holding companies, offshore accounts, non resident companies. It went on and on, very interesting.
But there is a difference between a smart accountant saving money for his client, and outright tax evasion etc. It all comes down to morals and ethics and whether you have the right character.
He might not have the know-how himself, but he strikes me as the type to go for bankruptcy under a different name, because then he can still keep up appearances,
and its all about keeping up appearances with this lot