This will be good for bitcoin if for no other reason people will not be so quick to protect suspected schemes like this.
At least I would hope so. It at least sets a precedent.
Yep, irregardless of how this all ends, there will be many precedences set.
How is a bitcoin ponzi a precedence? The $5 million USD amount maybe a precedence but not the scam. It's not like we haven't seen this all before. And we will see it again, guaranteed.
You know what they say about fools and their money?