Ukyo have been writing on IRC within the last hour:
...
Those of you who we're not around for the pirateat40 implosion might not recognize what is going on here. Those of you who were should be feeling more than a twinge of unease in the pit of your stomach. Textbook scam delay tactic #653.
Or at least indistinguishable from such.
Not so easy to run when you have a family.
As did pirate. Don't need to run, if you can keep your marks from taking any action by making vague useless public statements every several days. Just long enough for the indignation to dissipate, and let the ensuing Stockholm syndrome wash over everyone.
Hint: looks like you're defending him already.