I agree with these sentiments, but how do the EFL weed out the "nefarious" individuals. Ken Anderson probably passed the fit and proper person test which suggests that the problem lies with the depth of investigation carried out by the EFL. Because of the amount of money surrounding football, there will always be chancers willing to take risks, and at the end of the day, it's the fans of the clubs who suffer. Local rivalry aside, it would be a tragedy if Bolton were to be expelled-we are a club of similar size and history and the same could easily happen to us.
On the issue of expungement affecting play off positions, the EFL could avoid the problem (if they chose to expel) by making the decision after the season ends, thus taking advantage of Rule 12.2.2 as quoted by Philip above. Their record would not be expunged until the play off positions had been fairly determined. Only two clubs would be relegated to L1