It's kinda shameful that this happened, and like you said, from a Member here in the community. I'm sorry to hear that he decided someone else's money was more important than being a part of SRL. Respect isn't easy to come by, and from what I've heard he had respect from others here; I hope soon he realizes it's not something you can gain back from stealing from others.
But on the other hand, kudos to our staff for getting on top of this so quickly. 'Tis nice to know we have a team here on SRL to handle things like this.