If you are a VC who was at those meetings, and you are on your blog loudly claiming nothing illegal was going down, I guess you'll be directly answering all the FBI's questions instead of letting a lawyer do the talking for you, right?

I didn't think so.

The bad thing is, even if the conversations were innocent, the FBI does not let go easily. Things start nice... "just want to make sure we clear up any misunderstandings..." and then there are wiretaps, and more fun. Good luck.