Havelock/lightbox has sold nothing but bunk.  It's his business model, see his own stock, Havelock Investment Fund.

http://s28.postimg.org/flz7qavj1/Capture.jpg

He claimed that his business website is worth SIXTY MILLION DOLLARS (US, not Canadian) during his own "IPO."  If that's not preying on the feebleminded, WTF is?

Sure, there's enough irony to go around in Bitcoin securities, but lack of rules & regulation cuts both ways--he tries to cover his tracks by pretending to sell his website to Panamanian d00ds?  His victims counter by pretending to be concerned citizens  & reporting him for tax evasion & breaking Canadian securities regulations unless he makes good.

Al Capone was nailed for tax evasion--I doubt the folks who put him away were racked by the moral implications of not putting him away for his more serious crimes.  Whatever gets the job done