Looks interesting. Incentivizing good content is always a plus.

How do you make money off of this though? You seem to just be handing out free money, with no opportunity for your own gains. I presume you control a large share of the currency that a boost in site popularity will give you cash through a value upswing, allowing you to slowly cash out over time?

wait. Is China north or south from Mexico?

Generally when bitcoin takes a cold, alts take swine flu.

ANNOUNCEMENT REGARDING AN APPLICATION FOR COMMENCEMENT OF A PROCEDURE OF CIVIL REHABILITATION

Japan’s Civil Rehabilitation Law was intended “to enable application for rehabilitation procedures and the commencement of such procedures prior to the occurrence of bankruptcy factors.” [1] Holding the creditor meeting is arbitrary [2] to enable a debtor to continue with the execution of its business and management/disposal of its assets, [3] and otherwise sustain operations, while committing to corporate rehabilitation.

Although the Corporate Reorganization Law applies only to joint-stock corporations (kabushiki kaisha, or KK, in Japanese), the Civil Rehabilitation Law covers all companies, including foreign-affiliated businesses. Although management can begin corporate rehabilitation on its own prior to the stage of collapse, the law was enacted as a “process to prevent business failure.”

Under Civil Rehabilitation Procedures, assets and liabilities are reassessed as if bankruptcy has occurred, [4] and expected bankruptcy dividend amounts are established. This assessment of assets is conducted, in principle, on the basis of selling price, [5] and a dividend based on the liquidation value is applied to the rehabilitation creditors (principle of liquidation value guarantee [6] ). However, civil rehabilitation companies continue their operations in principle and do not actually liquidate, so any earnings from their remaining assets can exceed reassessed liquidation value, creating a framework in which a business can be rehabilitated swiftly.

Corporate rehabilitation has been limited to a select number of companies in Japan. Among small and medium-sized enterprises (SMEs), many companies are unable to find financial support and are forced into bankruptcy (i.e., liquidation) without any prospect of reorganization. According to a survey by Teikoku Databank, only 2,841 of the companies that filed for protection from creditors under the Civil Rehabilitation Law obtained approval for their rehabilitation plans. That accounts for only 66.7 percent of all applicants. [7]

Both scenarios are possible: your's where they create fractional-reserve fake GoxBTC in order to get real BTC [and criminally increase their BTC liabilities], and mine where an interested third party buys up the GoxBTC for cheap [to reduce Gox's BTC liabilities for the takeover bid].  

Your scenario is fraud pure and simple, while mine I think would actually be legal.  I hope that I am right, but, at this point, who knows.  
 

Gox, or a company planning to takeover Gox, can right now buy 8 GoxBTC IOUs for 1 real BTC at BitcoinBuilder.  This would be a legal way to give depositors a voluntary "haircut" outside of bankruptcy.  Eyeballing the bitcoinity chart, it looks like they've done about 80,000 GoxBTC in trades.  A lot of this was swing trading, but perhaps 20,000 GoxBTC have been bought for an average price of 0.25, or 5,000 BTC.  

Of course we can't know, but if this was a coordinate effort to buy up the IOUs for cheap, then this action could have reduced Gox's BTC liabilities by about 15,000 BTC.  

If the 750,000 BTC loss is FUD, this might make sense...

You are wrong. mtGox will return.

Let's assume someone stole the money - go out and collect donations to feed the hungry and then get robbed on the way home, you don't really feel motivated to go out trying to do that any more, so you do something else for a while. That's not a scam, that's called life.
If anything, RS should pay back not the 250btc, but the value of the btc back then in btc. That said, it was a donation, so anything you'd receive back would be out of his good will.

If he did keep the money, and it wasn't stolen? That's pretty poor form, and he should pay back the value of the btc. Honestly though, if he were a scammer, it would be so much easier to claim option A, and pay back peanuts to shut you up so that he could continue scamming unchallenged, so chances are decent that it was a genuine tragedy that you should move on from.

Assuming this is run like a normal business with an office and people and expenses.