Geez ForgottenPassword that's a horror story, how come he was never tracked down?
And on /topic: Bob didn't borrow. So what everybody is saying is pure speculation no-one knows his true angle.
He was tracked down and is in jail now. He's battling it out in court with the SEC. It doesn't look like anyone will be reimbursed, almost all of the funds are gone.
That story was to point out the fact that someone can appear legit and have REALLY good (the best in the bitcoin community) trust/feedback and still be a scammer.
Lesson is well learned, and that doesn't apply only to the bitcoin community.