I have my doubts. The main reason is that it took him way too long to come clean with this. Its like he was thinking all this time about a logical story that everybody could buy and make him seem like a misunderstood goodboy.
He says that he wasnt going to be that stupid to scam, cause he is fully aware that all scammers get caught. But somehow he wasnt aware enough to make up alot of lies and forget the fact that all his actions and claims can be monitored.
I get that he may have paniced and tried to salvage the bad situation and I also get the language barrier problem in this case. Its just that the dude is a compulsive liar and his current explanation just sounds soo absurd. And the fact he said he cared alot about infamy sounds equally absurd.
I vote for unban that has also heavy consequences. Id suggest taking all his looms, let him keep maximum like 200k worth of stuff and banning 2 of his CD-keys, while letting him keep one, cause even if his absurd story was acctually true, we still went trough the long argument of "those were not my accounts but my friends". If he really likes this game, he should get to play it, but without the current loomed gear and being rich.