If you mean what happened back then, they had problems processing money transferees (to put it politely). People on CalGuns posted a LOT of stories about never getting their money after months and months of repeated phone calls and emails. Many of these posts mysteriously disappeared from the board. A very long and contentious thread was started on this subject at CastBoolits. It may still be there. I haven't heard much about it in quite some time.
If you mean whatever became of the company and proprietor, I don't know. I'm curious myself. My impression was that he was headed for some serious legal trouble. I spent some time searching for new posts/articles on the subject and the guy (I forget his name now) a few months ago and found nothing.