This has been a long journey but it has come (almost) to an end. Todd redunded me 80% of my money and is sending an AIS to cover the remaining owed.
It definitely took much longer than I had anticipated, but nonetheless, he came through and I did not have to involve any third parties i.e. legal, authorities. Yes, I'm upset that it took this long, but I know and understand his situation and thus, I'm not upset with him personally, just at the situation.
I agree that he should have communicated more often and that's definitly good advice for him as he continues to do business in this market... I probably communicated the most during this GB. I'm happy to have been able to settle this amicably.
At the end of the day, it's not the amount of money that bothered me (it did a little...), but it was more the principle behind it. I believe that Todd was not trying to scam me or the other buyers but his situation was not good. He was willing to help me in other ways and we were able to come to a good compromise and walk away with no hard feelings.
My chapter is closed. Thanks for everyone who sent me PMs, supported me and gave me suggestions.