Oh, you can defraud shareholders as well. You just have to tell more compelling lies and secure the right accomplices. Get the auditors on board and you can ride the sinking ship for at least a couple years before you finally run out of cash and the entire organization collapses within a matter of days.
You don't stay for years. You smash and grab and bounce to your next gig immediately after getting your quarterly bonuses for unsustainable business practices.
You gotta create that opportunity. This guy decided to fake being a real company and started sending invoices to Google and Facebook to the tune of 120 million.