Calls to strip Sir James of his knighthood echo whathappenedto Fred Goodwin, the former chief executive of Royal Bank of Scotland, who lost his knighthood in 2012 after being held responsible for the biggest annual loss in UK corporate history.
"From the nature of the document requests, they are looking into trading patterns with respect to Southridge, and they are looking at what Southridge Capital promised companies with regard to certain financings versus what actually happened, " says James "Wes" Christian, an attorney who represents Vyta and Hyperdynamics.
The shell of the house was a grim reminder of whathappenedto Lorraine, Caroline, Sean, 7, Bellina, 4, Clodagh, 19 months and James, who was nine months old.