Your Assumptions is almost similiar to mine, especially when he was already having problems related to his so called "supplier" why does he still accept orders when he knew he couldn't supply to them? If you look at his bulk threads and the threads created in relations to his inability to supply or delays, you would notice for the very facts that he was actually still accepting orders in times when he is not able to commit!

So looks like the "Bubble" bursts and everything just blew out!

hmmm this is getting too much,i mean if this is a con job it must be the biggest here in lyn better then PE case....
but i do hope you guys team up and lodge a report to the police and next go to maybank or watever bank he used,and freeze his account by using your report.and yes this case need to be a hits,so make sure to involve a media also...the police could easily get his bank detail such as amount and transaction and the bank also have to cooperate with the police so no more excuse it is customer privacy or not...
so all you guy need to knoe is weather the money is still in his account or already bank in to this so call suplier...
or easier way just ask anybody who work in bank to supply this information...

ya... if SB get stuck with RM5K to RM10K worth of stock with supplier,  I might believe. BUT this is more than 100K... very hard to believe.

What kind of building is that? an office tower? (sorry I am not staying at KL)
The info of his company is quite important as he might still using it to take bulk stock from various local suppliers and retailers by CREDIT TERM. 

if his supplier lari, how come he gave u psp instead of refund money?