Because, as it turns out, Macciello was never a real contender for the team. He is, instead, a fraud. Despite what he's told reporter after reporter, and despite what those journalists have dutifully repeated, he does not have billions of dollars. He does not have rights to any gold mines. He is, instead, a convicted drug dealer and a huckster who has used his talents to persuade many people — not just journalists — to place their confidence in him. In his wake he has left a string of abandoned projects and broken promises.