Whyte was an all too convenient fall guy to blame when Rangers were liquidated in the summer of 2012.
After all, while he may have been the driver of the bus in it's final journey, the previous man behind the wheel had sent it hurtling towards the cliff's edge.
David Murray - and those who were on his Rangers board of directors over the years - must shoulder the real blame for what happened.
Playing around with the club's finances like spare change and thinking they could avoid the prying eye of the taxman with the huge risk that was the EBT scheme was Murray's fault.
While Murray himself may have been put in a position to get rid of the club quickly, the trial showed that a lack of due diligence from him with regard to Whyte's business background led to the latter acquiring the club.
Past claims from Murray being "duped" by Whyte can now be filed away as a pathetic attempt to save face.
Murray won't face too much flak however - even though he should.
The fans bought into his romantic dreams of European superleagues, casinos at Ibrox, moonbeams and floating pitches.
To turn on Murray would force them to admit that their blind loyalty was wrong - and loyalty is something that some of the chaps in blue will never see a flaw in, despite flaws being evident.
Not to mention heads of certain fans groups acclaiming Whyte as their new saviour without doing any checking on him themselves.
After all, dinners where the most succulent of lamb was served to them by Murray as well as invites to family weddings and other gatherings (of which one journalist was said to have danced around the office with glee having got his invite) will be dredged up by others who were not corrupted with such junkets.
They would have to admit to having allowed themselves to have 'been played' when journalistic integrity demanded that they remained on the other side of the fence and hold Murray and his type to account.
The same attitude came into play when Mr Whyte arrived on the scene.
One award-winning buffoon took leave of his journalistic senses and called him a billionaire because "he was told to".
That piece was written in November 2010. Whyte's takeover was completed in May the following year.
In between those six months, the writer who fed the light blue masses a bag of magic beans by proclaiming Whyte to be their new saviour failed to do some additional checking.
He would claim later that on the night the 'off the radar wealth' piece went to print, he couldn't find anything on Google about Whyte's history as a business man.
Yet he failed to call the below number. Not only on that night but in the six months that followed between that story and Whyte's takeover.
That Whyte had a shady past with one business going under that left workers without their wages and had been disqualified from being a company director for seven years.
Daly aired his findings in a hard-hitting piece on BBC Scotland - a programme which Rangers fan group, Vanguard Bears, claimed was a "hatchet job on Whyte". The Vanguard folk have been slow to offer a retraction given Mark's journalism has been proved to have been accurate.
From a journalistic point of view, Jackson - by his 'forgetfulness' in not calling Companies House - had missed out on a bigger story than the one he thought he had already got.
Had Companies House been called, all at Rangers would have been alerted to Whyte's failings as a businessman - after all, the trial showed that they had fended off two Walter Mitty-type bids from Belgium and Lithuania.
The perilous state of Rangers may also been uncovered via this call given the apparent urgency for Murray to sell. Had the fans been made aware of this much earlier, they could have rallied like Hearts supporters did to set up a foundation to help keep the club running.
Sadly, this lack of attention to detail prolonged the myth that things were ticking along smoothly when behind closed doors someone with a resuscitator was about to yell "clear".
The Prosecution Service need to be held to account as well given that all the taxpayers got for this trial was information that most of us already knew.
That Craig Whyte was just a very bad business man who should never been allowed by to run a football club - even if said club's finances were so dire that there was a need by David Murray to offload it pronto.
You would expect lessons to be learned but given the supine treatment given to Dave King - a man convicted of 41 counts of tax offences in South Africa - the inclination is to err on the side that nothing will be heeded the next time someone arrives at a Scottish football club and claims to be the Messiah.
Whyte will now ride off into the sunset but he should never have been allowed to arrive in the first place had due diligence been done by club, fans and media alike.
However, fingers will still be pointed at Whyte - despite the verdict.
But those doing the pointing should turn their fingers on themselves.