Quote:
Originally Posted by TheMentat
I suspect that public outrage surrounding this may be somewhat muted, given the fact that the VAST majority of the losers here were "big players", as opposed to joe sixpack's 401k...
Regardless, these are some HUGE numbers we are talking about here.
As an aside, I highly doubt his sons weren't complicit in this whole thing.
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This thread isn't attracting much action, so you are probably right. Not really a joe sixer story.
And, sorry to say this, but the rich families who invested 100% of their wealth in a hedge fund that they'd didn't understand, with a strategy and a history of returns that didn't make sense, and red flags like no SEC filings and a three-man accountancy doing the auditing - they were asking for it.