This is classic bait and switch [pardon the pun]. Honestly I'm a little surprised my TX bros would allow a scumbag like that to exist for more than a sunset exercising those "business" tactics.
It would be nice to inform all PB forum members to steer clear of this chump. I reckon his days are numbered either legally or otherwise - one day he'll meet the wrong guy to screw over and kharma will boomerang back.
Sorry PFV - good news is you can correct the situation and you are part of the family.