Yes,
I tried this myself.
If you delete the person as moderator in a forum he is still in the moderator group. So you have to goto cp>>membermanagement and delete him from the moderator group.
But he still appears as a moderator as far as the icon appears next to his name. So the only way to clear the image out is to login as the member and edit profile, the moderator icon is not gone after the previous steps but you still have to submit to delete it from the board.

Bet you Rick never anticipated this when he added custom icons to groups.

To many steps for me to deal with. So I consider this a bug.
At least for the default groups. Not sure how to deal with custom groups with custom icons.


Blue Man Group
There is no such thing as stupid questions. Just stupid answers