You have stated at least 4 times in this thread alone that you are new and don't really know anything about glue-ups. Did you perhaps mention that to this guy when you bought this piece? If you did, that was mistake #1. It's just like going to a mechanic shop. NEVER tell them you "are new" or "don't know anything about it". Although for your part it only reflects sincere honesty and your desire to be up-front and place your trust in someone, it will set you up to be taken advantage of 90% of the time. In fact, the only time I'll tell somebody I'm dealing with, that I "don't know anything about it", is when I 100% DO know A LOT about it, just to see how they'll try to screw with me, and then I catch them in the act. Try it sometime and you'll see what I mean.
As for the product itself, I second what everyone else has just said. Request a refund. You say the guy is reputable...that means you have a measure of respect for him, so, put him to the test. See if he respects you as a customer. Also, what you paid for this wood was way too much.
-CP