Which LA-LV "swindle" are we talking about?

Are you talking about the very well planned venture capital funded (IIRC?) intermediate HSR LA-LV, starting from Victorville, proposal?

Which, next to Brightline, is one of the best HSR candidate projects for their business case, project affordability, and likely travel demand in the US....

Or, are we talking the guy that's supposedly been taking reservations, and hyping potential investors, for the service that seems to be coming "any day" now, on the internet, for the last couple of years?

I try to be careful about using words like "swindle" which has a more specific connotation as to motive and intent, which may or may not be provable, in a legal sense. Stories that don't add up are just BS to me. It is a term I prefer to use, that also has a much stronger legal basis, under our First Amendment.