Suckers deserve what they get, and this guy was a sucker. It's simply a Darwinian transfer of wealth.
Elf is right. It's easy for a company like that to go broke. A lot of times, the company is leveraged or is working on a revolving line of credit, and an incident of significant financial impropriety will cause banks to immediately cease issuing credit. The next result is a creditor induced involuntary liquidation of company assets.
Any guy who buys a whore a car is a sucker and deserves everything he gets. All gifts should be limited to things such as pearl necklaces.
