I doubt that Te'o will fall into our lap in round two. If the Giants have interest in him, they'll have to use their first.
Minus the whole "cat- fish" situation, I would not mind using our 1st on him considering he plays LB. I trust management enough to judge whether or not his whole spectacle with the media will interfere with the team. If they feel it won't impact his or the team's play, I really wouldn't mind them selecting him.