Yeah, I don't know how much I can buy into Nak being a victim of Lloyd's bullying. Maybe he felt some pressure to lie about his success because he didn't want to look like a failure but that's his own ego. If he couldn't tell the Mastermind group "hey this isn't working for me", that's his own fault.
To me it seems like he hustled at those seminars as hard as anyone else. I'm not looking down on him for his business tactics, not exactly, but I don't believe that he was a victim of being bullied. If I could take my gym from 40 students to 500 students in a few years by being bullied, you can start by giving me a wedgie and taking my lunch money