718
He's a lawless, fascist murderer.
(slrpnk.net)
after St. Louis police unions instructed officers to publicly display The Punisher's insignia (the mark of a lawless, fascist murderer) the comic book community was quick to point out the stupidity, and the frankly horrifying message sent by supposed peace officers endorsing a maniac. So it's a good thing The Punisher personally confirms he hates cops who see him as a friend… making every cop who "wears his mark" or calls themselves a "fan" look like shameful fool in the process.
-- Andrew Dyce, The Punisher Confirms: He HATES Cops Who Support Him
It means both things, you just have to pick apart who's saying it.
Put another way, if someone is a fascist, one of the best things they can do is muddy the waters. Fascists love confusion about what they are. You're never not going to deal with this problem.