Not here to defend Steve Swanson in anyway as I've literally lost an ass-ton of bitcoin (for me anyway) investing in his quinto asset on crypto::stocks, but insofar as whether or not he is gambling with the IPO funds I honestly haven't seen any evidence of this whatsoever.  As a matter of fact he has been pretty good about getting back to me anytime I ask him the occasional question regarding how things are going on his quinto app's (there have been constant delays as I'm sure you've seen).  (p.s. he just posted a link on crypto::stocks to an executable that is supposedly the poker app)...i'll be giving this a try on a fresh system in the next day or two hopefully to see what my bad investment has resulted in. 

I personally don't think it's right to accuse somebody of scamming unless you have definitive proof and I think this gambling the funds away hypothesis is nothing more than that, a hypothesis.  Again, I have no love for Mr. Swanson and as I've also mentioned have lost a fair amount of bitcoin on his ventures, but an outright thief that's just gambling away all the IPO funds, I seriously doubt it.