One of the aliases (François Van Varenberg) Jean-Claude Van Damme is accused of being an impersonator is actually his real name .
Storm is indeed talking about Pinocchio. Exact description of what happened on Pleasure Island.
This is the second movie that has Jean-Claude Van Damme getting attacked by a tiger. The first was "Double Team" (1997).
Storm's character talks about a story about people turning savage in the wilderness and mixes it up and calls it Pinocchio. The actual story he is referring to is called Lord of the Flies. It is a story about a group of boys who get stranded on an island. It is a cautionary tale about how children need discipline and structure in order to remain civilized.