I'm not defending him anymore, it is kind of weird that he is avoiding saying anything. Really, "nothing new to report" says a lot more than "...". Lets the buyers know it is still actively in the works.
Also, this GB was set up a bit different than most, and if people (which seem like a lot in this thread) didn't realize how everything was being bought that is their fault. Not saying it is the best, not saying what is going on with WFD is right, but everyone knew what they were doing. You sent money to a guy you've never met on the internet with hopes that it wasn't going to be for nothing. Obviously if that happens it's horrible and TP would be shunned forever, but it was what we did and do for all GBs.