What I'm saying is that the amount of effort he'd have to put in to be running a ponzi like this would be insane. Ever for the short period he's been running BS&T, it'd be too much for most to be running a ponzi.
The only alternatives to a Ponzi are a legitimate business or some other illegitimate business. Of those three possibilities, a Ponzi probably takes the least effort and provides him the highest potential reward. I would love to hear what you think would be an alternative explanation to a Ponzi scheme that takes less effort.
I can think of several, and it just takes a bit of effort for the book-keeping. But I'm not going to disclose what I'm thinking of or doing, because that's not how the world works. You want to get rich, use your resources effectively, and don't give them away.
Edit, while sitting and thinking of some variations, there are systems that might not work in all jurisdictions, and some places will have better results than others.