Not really, because now all those who bought "Peace" in good faith feel bad. We trusted this guy to deliver a good product and then it disappears under us. Grrrrr..
I know and the money is not the issue, it is the wasted time and trust. It is like getting a new iPhone with a broken glass. So, for one guy to feel good, 100K others (customers) now feel bad. And you know as well as me that only a small percentage will do the refund thing. So, yeah there is both harm and foul here.