He’s not 100% responsible. When you are only a part of a criminal conspiracy we call that being a “co-conspirator”. Generally you are punished according to the law with equal weight to the actual perpetrators, even though you may have only been a small part of it, you still planned to commit fraud. Odell committed fraud against depositors, and fraud against the public by using OpenSats to enrich his Ten31 portfolio. He deserves to be judged negatively for being a fraud, even though it was NVK that is the chief proximate cause of the loss of funds, he is still morally responsible.