What Became of "OMNI" Magazine's Fusion Power Project?

Anybody remember this? Bob Guccione fronted a ot of money, to a guy who tried to build a fusion power reactor. This was in the late 1970’s, I believe. Anyway, the scheme never worked…how much money was spent on it?

Thanks for the link-I like the idea of an expendable fusion reactor-maybe that is the way to go about it.
Clearly Bob Guccione lacked the capital to develop this.