What happened to Needledoctor.com?

Wasn't sure whether to post this under the "Analog" heading or here, but since it's about the business generally, I thought this might be the right place. It looks like Jerry Raskin's Needledoctor site is permantely down and the business is closed. Not sure what happened there but from what I read, he seems to have left some of his customers high and dry. While I had never bought anything from that site, it was a very helpful resource for researching turntables, cartridges, phono preamps, etc. so I'll miss it. Do any of you know what happened to cause the business to close so suddenly?