They fact that they didn't file for bankruptcy yet makes me think the story might actually be true..
Because, clearly, these are Captains of Industry 2.0: they have more identities than a drug dealer has burner phones.
Wanna know why Cryptsy was the only exchange listing Lucky7Coin? Volume? No. Popularity? Bwha! No, it's was purposely installed as a measure to keep the money. IMO the only reason we're hearing from Big Vern now is because a civil suit was filed.