Jensen clearly conned Jared but he set himself up to take the fall with Bobby didn't he? He handed over the money I think to protect Jared, but knew he'd have to pay the price with Bobby.

At the end he knows that Bobby is going to make him suffer but he's just hoping Bobby will kill him rather than leaving him to live knowing what he's done to Jared. That's my reading of it anyway.

It's an excellent story isn't it?