If the stuff about the banjo ceo still being a bad person is true, then he deserves all that’s coming, but if it’s not and it’s just competitors or people with a personal bone to pick pilling on with fake stories then I actually feel sorry for the guy.
People deserve second chances. Particularly for the stuff they do before their brain fully develops at 25 or so.
If he ran away from a highly traumatic home at 15 and ended up with the wrong crowd until he matured, then broke all contact with them, reformed and never showed antisocial behavior again, for the next 20+ years. Instead become a contributing member of society to the point of managing a seemingly successful startup launch. If that’s the guy’s actual story then he truly deserves a second chance from society.