(For non players, this means that you are a winner at lower stakes, say $5/10 - but a common trait is that you become bored with that level because the most you can win each day is ~$1000-3000. As you move up levels the play is a lot harder (exponentially so). Players like this guy crush the small levels and think they are good enough for the higher levels, and just end up losing it all - often blaming their luck in the process. If you look at his chart, you will see that he won it all playing medium stakes, and lost it all (in a lot shorter time) playing high stakes).
I'd guess his losses at 40k/60k/100k NL /are/ due to luck; doubt he's a -20BB/100 loser at those games.
Actually the article headline seems inconsistent with the text, which suggests he decided to quit to pursue other things and is not in fact "busto" as rumored.
Not saying you're wrong but it's another possibility.