For some, it's a significant amount of their net worth. |
Investors are hoping there is going to be a large amount of money to recover that were the fruits of the Bayou fraud. |
Investors are hoping there is going to be a large amount of money to recover that were the fruits of the Bayou fraud. |
It's a fantastic thing for investors. People thought all the money was gone. It's secure, sitting in the treasurer's office. |
It's a fantastic thing for investors. People thought all the money was gone. It's secure, sitting in the treasurer's office. |
It's alarming that a hedge-fund fraud of this magnitude could go on for so long. Most schemes like this finally blow up when the trader runs out of money. |
It's great news for the group of investors we represent. We are in the process of making applications to the Arizona attorney general for our clients pro rata share of the funds seized. |
Now we can investigate whether there were trading losses, or whether Marino and Israel absconded with the funds. |
Our group of investors is relieved to know that at least some of the money has been secured. There's still a long way to go to obtain complete recovery. |