Most people do not lie about serious issues especially with regard to their children.
I see your point, although I feel that many scammers in this space have so many excuses with "children" being an easy one. Will might be telling the truth.
In the case that Will is in fact telling the truth, another matter comes to light. Is the onus on Will to secure his family and children (perhaps hire a bodyguard) or is the onus on the shareholders to accept that Will is now ok becoming more anonymous just as he now asks all of his investors to come out and produce full documentation.
I feel the onus is on Will, he should protect his family via a guard. Using security theatre isn't very effective, his details are already out anyway. I have a huge knee jerk reaction against people running public securities who want themselves to become hidden and anonymous to a far greater extent than their investors.