That said, this guy is seriously toxic. Just by responding to his emails in a friendly manner can get you named in a lawsuit... and to blame competitors instead of regulators... Seems like someone to be avoided at all costs.
Makes me wonder, if had he operated under the radar for a while, and gradually complied with newly imposed regulations, things would be ok. Even if he got a massive fine, that'd be good publicity, and he must be spending a ton on lawyers anyway.
that he applied, but they required his company to raise 80 million dollars before he could pay $5,000 fee.
Strangely enough however, he also claims to have built facebook (although the language keeps it vague enough that you aren't aware of his contribution)
For some perspective, Stripe has only raised $40M to date.