That really sucks bro. I hope everything turns out OK for you, screw him. I had a similar situation a few years back. Some s***heel friend of my brother's broke into our house through MY bedroom window. Stole two AK-47s, an Xbox, PS2, about 50 DVDs, same number of games, and all my CDs. He got 100 in cash from my brother and my mother's credit cards. The only reason we caught was because he used the CCs at a store where he used to work.
Long story short, I wanted to get my things back. I knew that day who did it. I had a couple good ole boys with me and we were going to go track him down and get it... only my mother made me promise against it... so I did. He ended up getting 18 months of probation. Which he violated. And got an added 18 months. He has to pay restitution... ain't seen a penny yet. And I have his address (ain't the DOC a great thing?

)
Found out in the end that he pawned 2 AK-47s (one a Chinese knockoff, the other a Maadi that the insurance company gave me $782 for) for an ounce of weed.
I'm not as forgiving as you, Skyrock. His karma will be to see me one of these days when I am not feeling in the best of moods.