We should never forget his mistakes but at the same time we should also take in consideration the good things hes done before.
It's not a pro/con list where you check which side has the heavier weight.
Giving someone a pass because they have done X in the past is not a very wise idea, especially in crypto.Exactly.
Just because the scammer Dean Nolan returned the bankroll BTC to investors in 2016 does not make him a saint. He returned something that he did not own. If he did not return the BTC he would be unable to have the ICO and would at some point be in jail. Simple.
Scammer Dean Nolan did it because he wanted to have the 2017 ICO to line his own pockets.
Very well observed!
He returned the BTC bankroll to investors in 2016, because it was BTC for BTC. Thereafter he introduced his BKB fantasy token scam modell where investors gave BTC and received his BKB fantasy token. He thought with his BKB fantasy token scam scheme he is fine in regard to criminal laws, because his investors have a lower IQ range and are typically clueless in regard to legal things!
That is the key thing here, I am glad you picked up on it.
The BKB tokens that were issued in the 2017 ICO were an intricate part of the scam. The whole ICO was designed in a manner to ensure scammer Dean Nolan would be guaranteed a massive cash injection which could be diverted to any source whereas the investors would be not really get much because the "profit" calculation and conversion to US$ was a disastrous move when people send BTC they effectively lost out since they would get $ back via BKB tokens which would never ever be worth more than the BTC they were purchased for.