From what we can tell via the after-accident forensics - the front sprocket sheared off, which caused the chain to come off and in the process the chain snapped - the chain then spun around the rear sprocket and hub, locking the rear wheel. The bike then slid through a turn - my friend hit and then went over a guard rail and down an embankment several hundred feet. It was believed he was dead upon the initial impact with the guard rail and was most definitely DOA upon contact with the ground.
That's what happened to him, of course you might just lose part of your leg as the chain comes off the bike, or get run over by a trucker who doesn't see you coasting into the right lane.
Frankly, I'm amazed that any moto mechanic would even touch this project, or that it was done this way to begin with (welding the shaft), it's a recipe for disaster. Ask them if they'd let their wife, brother, son or daughter ride this bike - that's always a good litmus test for safety. There is ONE fix to this problem, and that's splitting the case and replacing the shaft, that's what should have been done from day 1.
You can always earn another $1500 - you can't grow another leg or repair a broken spine, or resurrect yourself from the dead. I suspect that you'll continue to ignore the sage advice of those that have gone before you, but I've said my peace, my conscious is clear.