Actually it's the first time that I think that C&P works and it can really makes the difference. From the video I've seen the ganker Anaconda crashing and the guy had enough money for the rebuy, bot not for the bounties. So in the end he had a huge negative red number that did not allow him to restore his ship and left him with the only other ship he had, a Sidewinder.
This is almost a game reset! So the gankers had really to pay for all the wrongs he did.
Conclusion here is that the problem is not the tool, but the hand of god that can by-pass the tool...
I didn't see it, but if that's how it was I agree: it looks like C&P is working.