Probably not, I'd just write that off and never fuck with dude again. But then, there is that getting the rep of lay-down victim to deal with. At some point you gotta send word that you just aint to be trifled with. Do biz on the up and up, don't rip anyone off, and those who rip you off get sent a message loud and clear. It doesn't take much for word to get around not to fuck with you unless it's worth a capital case to them, 'cuz the only way they'll stop you is kill you. Contrary to many opinions, not very many people will take things to that point. There are far easier targets. And right now, you're it.
Is this the guy who was gonna send someone out to get you if you retaliate? Is that what you got ripped for? I'd catch him somewhere he least expected it and stomp a mudhole in his ass. And make HIM believe that if he retaliated it would happen again, and again, and again.