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Well, right off the bat, none of what I'm about to say excuses the guy who was reported.

With that said, making a channel off of reporting crime is a terrible idea on so many fronts. A mis-report or even a correct report can easily lead to being sued (as happened here), it can make you a target for criminals, and it can also ruin a person's reputation if they happen to be found not guilty later on. Really should have reported to the police beforehand; maybe, MAYBE intervene (in a different type of situation where there is a real potential victim) if you feel the situation is getting out of hand before the police have arrived, but social media watchdog-ing seems like a poor decision all around.