Looks like he got burned pretty badly by a dealer selling a Dumble and some other stuff on his behalf. The dealer sold the gear but never paid over the proceeds and when confronted about it declared bankruptcy.
http://www.wsj.com/articles/BL-BANKB-20554
Ouch... The article reckons he lost some $340 000.00 to this sheister. ☹ $160 000.00 for the Dumble, $120 000.00 for a Two Rock amp and cab and $60 000.00 for a SRV Strat the dude sold on his behalf.