Pirate is in debt service default of his own contract. By the rules of this forum he is a scammer.
He owes forum members in excess of $5M and has not repaid that nor provided any transparency on how/when he intends to repay it.
His obligations are increasing at a rate of $57,600 per day.
I mean by your logic as long as he never admits to it being a ponzi he simply can never pay anyone back ever and it isn't a ponzi or a scam.
There may never be absolute proof baring a confession. To be convicted in a criminal court only requires "proof beyond a REASONABLE DOUBT", in civil court is merely requires the "preponderance of evidence". Yes based on the facts known unless Pirate provided additional evidence to his defense he would lose a civil case alleging fraud and running a ponzi scam. Pirate is certainly free to provide evidence to his defense. He has chosen to provide nothing, and not repay more than a token amount, provide no specific timelines on repayment, and is in default of his own contract.
THAT IS A SCAM. PERIOD.
Wake up, Theymos.