Did he actually lose that much money in the GLBSE shutdown? I thought that everyone with any significant amount of money in GLBSE got most of it back now.
Also, did he actually pay 85% of investors?
He is still hashing at bitminter (well as of February I have not checked since) with the hardware. With the claim 85% had special secret contracts that they had to be paid first (though no one has come out to claim receiving payment)
So even if money was lost he is still receiving btc from the mining hardware that should be going out now...