Who is Jolly Redd?

In the ACNH update video, we were told about "Jolly Redd's ship"  Jolly Redd appears to be the same as Crazy Redd in prevous Animal Crossing Games.  But I stirred up some of my own thoughts in my head today.
First thought is that maybe it is Crazy Redd's twin who is nicer and doesn't sell you fake art. Which actually and already lead us to my second idea. My next idea is that Crazy Redd will no longer sell you fake art, but something that goes against this is that in the update video we saw that you can now look at art close up now, which will let us see if it is fake or not.

My final thought is that maybe "Jolly Redd" is trying to cover up that he is trying to sell fake art.  He could have gone by a new nickname before his actual one to seem more appealing to others, to make them but his art. Something to back this up is that, maybe he isn't supposed to be on the island. After all he is docked at the little beach in the back of every island in ACNH.  So why isn't he parked at the actual dock to the right of all islands? This could be that he is not supposed to be on your island because he is a con.

Please know that none of these are confirmed to be real, they are just thoughts that I have had today since the update video has come out, so please don't think that these are actually true. Thank you!