Indeed he is, but the e-cat "wet steam" scam is an inexhaustible source of amusement and hilarity. Here is another item from Steve "The Snake" Krivit's journal: http://blog.newenergytimes.com/2012/02/13/rossis-australian-investment-opportunity-falls-through/
Wow. That's amazing. We now have concrete evidence---an invoice---of Rossi telling an obviously-gullible investor to wire him $130,000. This one snuck into the public eye, via the call to Australian Skeptics. I wonder how many quieter investors just wrote a check?
And the threatened lawsuit is even more amazing.