I am inclined to give BW the benefit of the doubt based upon the plausibility of his explaination on the events.
MoonShadow, I can appreciate the tack you take here, both in common-sense terms and because I'm a balls-out anarchist. No, neither the judge or prosecutor's words ought to be taken at face value. No, having state permission isn't necessarily the mark of a fair dealer.
I believe, though, that if you look at the documentation uncovered, there are really only a small number of possibilities:
1: The Bold Funding allegations were completely true;
2: The Bold Funding allegations were partly true and partly untrue; or
3: The Bold Funding allegations were completely untrue.
This, I believe, leads to:
A: Bruce did a lot of fraud; or
B: Bruce (believed he) was being railroaded by the system.
This has to be held up against the numerous publicly-posted online complaints by people claiming to have been scammed by Bold Funding, the fact that Bruce and Ed left the jurisdiction and the fact that Bruce didn't appeal the (default!) judgment. His statements on the matter do not even approach a plausible explanation.
None of this adds up to any kind of "honest mistake" or "victims of our own success" defense. And that's even
before some interested goons take a trip to the Cook County court's records office to bring more of the case file online, and
before some interested goons visit the NY Supreme Court's offices in Manhattan for more detail on the $514k Post v. Wagner fraud/assault lawsuit pending there. I'll bet you a Bitcoin that that stuff makes for interesting reading material indeed.
Set alongside Bruce's blatant lies in denial of his posting the "three-pronged attack" in selecting "boys" for sex in Thailand and his self-serving sockpuppetry shilling for himself as an escort, my own judgment is very clear: I want nothing to do with the guy, and recommend he be shunned.