While it would explain a few things, I really doubt it. First, Ketchup Boy would never be able to keep his mouth shut. He has to brag about everything he's done, and some he never did. Second, I honestly think he's too dumb to be a clever, covert agent. And as a former "company" man, why'd he vote constantly over the years to gut the military and CIA?
I have to agree with you. The idea strikes me as having (more than a)little tinfoil feel to it.