Business knowledge anyone?

Our roomie's brother had a successful business going. He brought in some people with a limited partnership to run and eventually buy the business. We found out that those people destroyed the business and left him with nothing. They found some other buyers for the company but now they are employees. They lost their savings and retirement. I don't know any more details but I was wondering how this can happen?

Hard to say how this happened to your roomie. However, personally, I would never bring someone in to run my business without me knowing everything they are doing.