The Nordenburg Defense of Noel Kelly and Ryan Tovoli

Noel Kelly and Ryan Tovoli are basically saying, look, we didn't know that this money was coming from RT. In year one, Noel Kelly from his own company invoices Renault, who were the sponsor at that time. But in the background, Renault get a credit note. So it's basically cost neutral. It wasn't going to cost Renault any more more money. Then we see in year two and three, which when we now know that Renault had pulled out of the deal at this point, the underwriting of the guarantee of payment kicked in. And you're telling us that you didn't think there was anything on toward going on here whatsoever. His argument is