I do not support the idea of him getting 10% of the company for advertisement/endorsement on his part. But then again is there a law against people being stupid about their company/equity/funds/money?
Not sure about that.
Of course in my view the right thing to do is to return the funds given lots of people (customers) whom were even his subscribers of his newsletter probably bought into the product because of his endorsement through his newsletter and then lost a lot.
Frap.doc didn't get "10% of the company" he got paid 10% of BabyJet sales.
See what happens when you eagerly lap up every unfounded rumor and factual distortion that confirms your biased narrative?
Have you ever done sales? Do you have any factual basis on which to assert 10% is an unreasonable commission?
If HF had delivered on time and/or BTC stayed at >$1000, would Frap.doc have the right to demand part of the profits to which he helped lead people?
No, of course not. So WTF makes you think it's his job or obligation to mitigate our losses? Sheer stupidity, greed, or what?