He didn't want to lay anyone off during/because of covid, he had to choose between paying them (his unusually decent wages) because he was treating them the way he wanted to be treated. He wasn't comfortable leaving friends/teammates without income just so he could buy ads on facebook.

He also cited not being cut out for political leadership and said the anxiety/depression he picked up during his run stopped him from making good decisions. He definitely wasn't trying to embezzle but I don't think he was really competent enough in the first place.