You can make of the claim what you will. There are a number of other threads where Jered has been tardy in repaying funds despite repeated requests, and several other posts of people claiming not to have received a return of funds at all. Whether these claims are bullshit is understandably an open question in your mind, but it's certainly not "obvious" that they're bullshit and Mr Kenna failing to respond should certainly raise some questions as to whether this claim, among other claims, may in fact be legitimate.