Yes, he is. Grummz has one talent. Sweet talking people into giving him money and not only never delivering on his promises but wasting said money by being one of the most incompetent assholes on the planet and his retarded ideas.

He crashed Firefall and Red 5 Studios through his complete incompetence as a CEO even though he wants you to believe the evil chinks, who he talked into buying R5S in the first place, were at fault. Problem with that fairytale is that Firefalls development stalled while he was CEO because core systems were re-designed every 4-6 months or simply completely removed on a whim of his (PvP battlegrounds) and he wasted millions on pet projects of his. Once he finally got fired as CEO the development of the game actually made serious progress but unfortunately the damage was already done. The hype was dead, many of Firefalls long-time supporter jumped ship had already jumped ship (that includes me) and the chinks cut their losses in the end.

https://www.youtube.com/watch?v=LteqIHVJKxo

When he got fired he immediately turned around and scammed the retards who believed him with his new 'project' Em-8er.

https://www.youtube.com/watch?v=mFVhqOdwYP8

https://www.youtube.com/watch?v=yKcgiX86lLU

He's an absolute cunt who no one should ever take serious let alone give money to.