Based on what I know outside of the cap stuff which is all public knowledge, Joe Kelly isn't the most astute businessman (CoCo Joy anyone?) and did a terrible-poor job as CEO in his time here, and Bozo among other things mercilessly sacked Toovey, ran another CEO out of town and gave numerous jobs to his own family - so if you're asking me if those two may have been involved in something untoward, then I'd be leaning towards yes - most likely lead by Bozo who as we all know was the pseudo leader of this place.
And my broader point still stands. Look at Cronulla with the peptides. Did Flanagan ever admit guilt? No but they took the penalty (which was admittedly pathetic) and moved on and even won the comp the following year. 330K a year off the cap isn't that much, especially in light of the dead weight they've carried in years past. It's ultimately a question of fight this and have it lingering for possibly years along with the drag on our reputation, etc. or draw a line in the sand and move on? Other league fans will assume your guilty even if we win every legal challenge so there is nothing to be gained in public opinion. Right or wrong in this situation is of no consequence - It's purely a matter of whether you want this to end or continue.