My guess is that he and others like him don't have anything they say they do. However, he (and others) are being told by white hats what to say - because when he says he has something, the DS has to spend resources and valuable time doubling-back to cover their tracks (which can expose other vulnerabilities in the process as the white hats monitor all the moving pieces.)
I can see that working a time or two until the DS realizes that the dude never delivers, says fuck this ass hat and just ignores him like many of us do.
My guess is that he and others like him don't have anything they say they do. However, he (and others) are being told by white hats what to say - because when he says he has something, the DS has to spend resources and valuable time doubling-back to cover their tracks (which can expose other vulnerabilities in the process as the white hats monitor all the moving pieces.)
I can see that working a time or two until the DS realizes that the dude never delivers, says fuck this ass hat and just ignores him like many of us do.