I say this is all just stalling tactic while he either makes a getaway or figures out what the heck to do.  It smells like a classic Ponzi scheme to me.  7% per week is just an impossible and unsustainable payout.  And illogical -- you'll never need to pay your investors nearly that much return (most are happy with 7%/yr!)....unless, that is, you're desperate and need to accumulate as much in assets as quickly as possible to feed other promised, unfunded payouts.