Yes. As a judge once said in a sentencing decision involving a crook with a history of philanthropy.

Like any politician railing about higher taxes and "eating the rich" - it's always never about their own money!

That's quite a stretch to compare, as taxes are derived from rules for the economy that everyone collectively votes on. Everyone benefits from collective projects run by the government to some degree, and a tiered tax system also counteracts the snowballing effect of how it becomes easier to make money the more you accumulate.

Here, we have a guy who is taking money for a specific purpose under circumstances that he completely lied about. And he used that money to attempt to enrich his company at catastrophic risk to the customers.