He has been an idiot, but my sympathies are so far with the young people in the case. There may be more for all we know.
I don't think that paying people decades younger for explicit videos, threatening them, and using the fact that you can afford expensive lawyers to keep them quite is in any way acceptable, though. Depressed or not, if you (generic) or I did that we would get no sympathy, and wouldn't deserve any.
I am not the prudish type, and if this involved Mr Bloggs from Nowhere Important I would roll my eyes and think he was a fool, but not want to see him ruined. But this man would, in the course of his work, mix with children and vulnerable people, and he had a reputation as someone trustworthy. There are clear safeguarding issues here, as well as the moral ones. I would feel the same if he were a teacher or a Scout leader.