It's also been handled very very poorly. If BFL had said, prior to opening their pre-order window, look we've got this guy that got into some trouble and we're giving him a second chance because we believe he's changed then that would've been one thing.
They did not do this and instead hid his last name, failed to disclose his past, and then shuffled his job description once he was found out. They've handled this even worse than they have their numerous delay announcements.
Those who are in that situation are usually open about it, but some are not. In either case, you don't publicly advertise that fact! Show me a single commercial company that makes it a point to point out one of their employees as a felon. You're more likely to get sued by the employee then gain more customers thru "transparency".
Again, Sonny is NOT just "one of their employees", he was their CEO and is now an officer with the company as is his brother. If their janitor was a crook I wouldn't care much, but a company officer and former CEO? Yeah that's important investor information and should plainly be disclosed PRIOR to accepting funds.
Not just a random felon.
This isn't some guy who copped an felony record because he got caught smoking meth.
Sonny played a key role in an international mail fraud operation that fleeced an enormous number of innocent victims out of quite a few MILLIONs of dollars, over the course of YEARS, and involved many co-conspirators.
As for disclosure, I think BFL has been forthright enough about it. When asked point blank if their Sonny was the same Sonny named in the court documents, Josh confirmed it.
Now that you know this, you are free to cancel based on this information.
This is bitcoin, it's the wild west. It's not like your pre-order was a NYSE registered security that came with a giant prospectus filled of every disclosure possible.