The difference here is that LC started off dishonest right from the start. Straight up scam vs legit business followed by scam. I don't see how ego factors in there...
Huge, critical difference (not "slight") between intending to scam vs intending to start a legit business.
The ego comes into play when peoples' failed scam accusations against legit companies must increasingly rely on definitions of scam so broad as to be without meaning.
We don't know WTF happened to AM/FC. It's China, so anything (Mongolians!) is possible (aliens?).