In my opinion, it doesn't matter with investments. It's a matter of character either way. Whether truth or lies, after a year and a half (more actually, but let's keep it relevant) of saying things and failing to deliver, it simply doesn't matter. Gary is a failure. There isn't one single thing he's said he was going to do, or even one single thing he said he did, that ended up being true. Nothing. Not a single thing. Even the big one, the claim that all toxic debt was settled, was pure bs.
So call it what we want, whether we call it lies or straight up ineptitude. It doesn't matter, it all adds up to the same thing.