Yep, he's doing the same thing that other perps have done after suckering innocent investors to buy into this scam- CHA.
Not being the sharpest tool in the shed about the science, he probably got dupped into believing everything he was told just like all the others. In other words, he didn't fraudulenty mislead investors. I think that eventually he figgered it out but has kept the facade since they had the goods on him. What's he going to do, tell the players he was "deaked" and ya'll got screwed?
I think that he was 'rewarded' enough money for bringing in them ball players to the point where he doesn't give a ratzazz whether this SCAM floats or sinks, he just has to keep them angry investors off his back and pretend that he still believes in the imaginary products AS ADVERTISED.
He's been playing with "house money" as Buffyz used to say.
Then there's the involvement of Robert Stewart (aka "Angel Investor") which is a different story entirely.