This was such a big revelation that it would send waves throughout the entirety of the Elite Society, as well as the Royal Continent in whole.
After all, the reputation of the Oscorpe Conglomerate was at stake. This wasn't done by some disgruntled employee. It was done by their 1st ranked heir! In a matter of a few years, he would take on the mantle of the Conglomerate and lead it himself!
So, the fact that he would do this was an extremely bad reflection on the Conglomerate as a whole.
The incident in New Sparta was still very much recent in everyone's eyes. People have lost their loved ones because of that tragedy. They have lost money, time, and investment because of the attack made by the Ersatz Organization.
Not to mention, the Erstaz was the one who made magic disappear from this world in the first place! They have completely screwed over the entire world in that regard.
