whereabouts did you run into him?

smells like a ponzi scheme...
http://webcache.googleusercontent.com/search?q=cache:fjc1rt7qzw8J:www.reddit.com/r/Bitcoin/comments/o5p64/bitcoin_loaning_pool_program/+&cd=1&hl=en&ct=clnk&lr=lang_en|lang_fr&client=ubuntu

How on earth do you trust the other members in your pool? Chances are the honest ones will be left holding the bag.