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i don't think we can stop at "it sucks" and "it is his right" in this case because he has been scamming people over the past year+ and is in fact illegal activity, the fact that the law doesn't care yet because bitcoin is not regulated doesn't change the fact that the has been selling "fake bitcoin" to those who wanted to buy bitcoin.
I disagree with his ways, but I'm pretty sure he has been very careful not to cross the line between being misleading to outright scamming. Bitcoin related scammers have been apprehended before, so he's probably not getting away with his questionable tactics because of a lack of regulation alone. I'm sure he has lawyers who tell him how far he can go and where to stop, so his plethora of fans don't get a chance to send him back to jail.
So yeah we can't really do anything, which, to me, sucks.