Why the 'probably'? Of course, no VPN-provider should be trusted at face value, but do you know of any sources that claim that Private Internet Access is in fact an elaborate honeypot?
One shot? Backdoor and reconstruct in parallel.
Looking at the argument though, even if it is a honeypot blowing it is a one-shot deal. The users are never going to trust PIA nor any other VPN that makes similar claims ever again. That means that they probably wouldn't spring the honeypot, if it is one, for anything but the biggest fish.
Frankly, I think you're all splitting hairs. Most of us understood the point he was making even if the phrasing of that sentence didn't flow as well as you may have liked.