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Actually I'd go with "idiot" more than "thief".
Having read all about the case, but not personally having a dog in the race, I came to the conclusion that the guy was really too thick to be able to run a business properly.
AVS costs little to run, requires few (or no) staff, and charges a high percentage of the webmaster's earnings for this service. On top of this NV had a virtual monopoly (Sex Key is really more of an alternative way of promoting an affiliate program rather than an AVS). He should have been making enough to buy his own private Caribbean island, without all the problems of the last year.
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