Some deals didn't work out, but that doesn't mean he is a fraud. I think he learned a lot and now has surrounded himself with quality people like Berman and Orlowski that should know how to vette potential new opportunities. He is also very well connected to senior people at several of the largest mutual funds.
And before the Pfizer Pfrankie rants - he was on the BOA of ecig for a short time and left. The role here is different