You should probably do some research on the pension funds and other financial instruments that bought into his scheme. Billionaires lost billions which represented (probably) 40% of their wealth...normal people lost thousands which was 100% of their retirement funds.
Really. All he did was rip off greedy rich people that should've known better. There are far worse people out there.
Should of done due diligence and hired competent pension fund managers.
yup. greed kills...hedge fund managers 'know more', i want to beat the index, im special . Let's not question returns, the 'how'. He'll rot in hell, (symbolically, as he took advantage of the ignorant) but to compare to Hitler , 'one level lower ' is laughable , seymor lost his shit lol
what measures were put in place, following, to prevent such a debacle? any? how about adding personal finance/investing into high school curriculum at a minimum, everyone wins
The SEC totally whiffed on this.
Another all but useless government agency. They are partially responsible for this guy's scam.