[richardwhiuk]

If you could prove deliberate fraud, which seems unlikely, then you could probably pierce the limited liability shield.

Seems unlikely though.

[paulddraper]

Yes, LLC don't protect from many criminal charges such as fraud.

It would indeed be difficult to prove this was deceptive and not just really poor, even idiotic, business planning.

[kjs3]

Indeed. Sadly, stupid isn't (usually) criminal.

[Enginerrrd]

It might not be that unlikely... For example, it's possible they don't have the advertising invoices to back up the claim that that's where the money went.

It is, however, very unlikely that anyone ever gets their money back.