Since it seems to have been a ponzi scheme, pirate likely has no money, paid it all out in interest to keep the scam going.
I doubt he paid out much since pretty much everyone has been "reinvesting" as far as I know.
And your opinion is based on the fact you were a PPT operator, right?
My opinion is based on what I have read on the forum. I have been a part of this forum for quite some time.
From actual experience I would say that less than half the customers reinvested and more than half of them took their interest every three days in the early days, then weekly when the system was changed.
I describe a method by which this "reinvestment rate" can be estimated from the information we have on Bitcoinmax here:
https://bitcointalk.org/index.php?topic=120119.msg1331862#msg1331862From here:
https://bitcointalk.org/index.php?topic=83904.msg1302303#msg1302303We can see that the amount on deposit at Bitcoinmax at the time of closure was: 167728.74239044 + 110.74501165, this includes all interest to that date.
Now someone can dig up their deposit and withdrawal addresses and we can calculate exactly how much was actually on depost.