Very sorry to hear about anyone who was a victim of fraud on the part of a user. Although there is nothing we can do as moderators to solve the situation [since, obviously, caveat emptor and we don't control Google Wallet or whatever], rest assured the account has been disabled permanently and we have recorded his details to try to catch future re-registrations. We do not have an accurate name or any information that would be useful in disputes beyond what you would already have as part of your payment, and the email does not seem like it would be easy to connect to a real life human, so unfortunately I don't think we can be of too much assistance here, but we do have IP addresses and other mechanisms to try to catch re-regs.
Cloggerdude notified me that he's writing something about payment method pro/cons, which I think is a good idea, and in the mean time I personally only pay with Paypal (and never paying Friends/Family) because they have probably the fastest and easiest dispute resolution policy.
If anyone else was affected, I encourage you to come forward here and coordinate with other victims as part of your dispute claim with Google Wallet.
Thank you.
Yeah, I'm just going to do the normal PayPal method from now on. I'll even eat the business fee if it means avoiding a scam.