It hasn't even been a month since phase 1 of the first truecrypt audit ended. Which means up until now this piece of software was as shady as it could be.
The constant open source mantra of "code speaks for itself" strikes again.. except that none of the competent eyeballs have looked at truecrypt up until very recently (phase 1 audit ended in April 2014 which is ten years after the first truecrypt release). A lot of good did it do with OpenSSL too.
But surely, code written by anonymous, untrustworthy developers that hasn't been looked at much for ten years is worth more than code written by a corporation that has a public image to uphold.
As for "being targeted by government" that's called conspiracy theories. Unless you live in a place like Russia or Saudi Arabia you don't have anything to fear just because you wrote encryption software.
This is already happening and not a conspiracy theory any more:
[0] http://nakedsecurity.sophos.com/2012/06/08/interest-in-crypt...
[1] http://www.cnet.com/news/researcher-detained-at-u-s-border-q...