"Hey this guy fooled a lot of people last time and the people who got in and out early made a killing. This time I'm going to get in early."

"He's got the hustle to do what it takes to succeed and is unencumbered by a moral compass. Gotta break a few eggs to make an omelet."

"Pssh that's nothing compared to the fraud I committed to get here. Fake it till you make it baby!"

"It takes balls to defraud powerful people and then do it again. I respect the machismo."

Take your pick.

"I respect the machismo."

I believe the word he was looking for is "chutzpah", and no, it isn't a virtue, and no, it cannot be respected.

Trash.