You are talking about Brock Pierce and his "adventures", aren't you?
Or is there someone else I haven't heard about yet?
Yes. There are probably others that we don't know about. Essentially while trying to make a decentralized way of payments/transfer of value we should not be trying to make a centralized organization that funds it all.
If we take everything in consideration, it is about time that the foundation gets disbanded. Yes, they've had their good deeds in the past, but it is time.