Dear Hugel,
Actually we are rendering your "friend" a service, by exposing some of his business practices which can all be proved as facts. Some people are a danger not only to the business community, but also to themselves.
Lacking any sense of entrepeneurship, messing up people's lives, burning money that isn't yours are all qualifications of a person that has lost touch with reality and lives in his own "wonderworld".
The only person responsible for damaging his "reputation" is the self proclaimed entrepeneur in question himself.
I would totally agree with you if he had put his money where his mouth was. Fact is that he did NOT, whilst he was burning 30M€+ of investors money in one year, and ignoring reality.
To walk away from any responsibility and call it : Bad luck but at least he tried, is perhaps a case of seeing things a bit too simple.
That is why our so called entrepeneur should never have an opportunity again to damage the reputation of the business aviation industry like he did.
Small guy, oversized ego. History has seen plenty of those, and they all ended up in the same miserable way. Let's just make sure he doesn't make any more victims that he will take down in his fall.