I don't know the lawyer guy, that's just hearsay. But I am getting to know this banker guy, and he knows a lot about MM's, and says he has seen tons of scams. He called this "just another bond scam."
Odysseus crossed the river of Styx. He asked Achilles if it was worth trading his life to have his 'name' live forever. Achilles replies: "I would rather be the slave of a slave on earth, then to live here in Hades..." --Homer's The Illiad