I believe the entire document is true.
If anyone followed the fall of the very trusted online poker site "Full Tilt Poker" you would see the similarities.
The US government seizing a large amount of $ (as happened in both cases) would force most companies to run a fractional reserve to stay open - after that it is a slippery slope.
Players from Full Tilt Poker get their money back this week. This money was seized by the DOJ. Mt Gox simply lost their user's balances by being negligent. The DOJ doesnt have this money to pay back user's as they did with Full Tilt. Very different situations here.