Posted by JMG at 12:02 AM
Stomper Girl posted at 6:05 AM, January 11, 2012
Far out. Are you being dragged into the legal proceedings?
JMG posted at 6:22 AM, January 11, 2012
Tere posted at 1:31 PM, January 12, 2012
Interesting! I've been following all the local Ponzi cases (through my prior employment, I dealt numerous times with S. Rothstein - and I KNEW he was a crook).
So at this point, are you considered one of the defrauded investors, and can you file a claim to try to get some money back?
JMG posted at 4:47 PM, January 12, 2012
Tere, you poor deluded naif.
The assorted investors had to file a claim w. the bankruptcy trustee and those VERY few who had their claims validated got -- wait for it -- 3% of the amount of the claims. 75% of the monies recovered went to the trustee, the trustee's law firm and the trustee's CPA firm.
Yes, "Leo" is still subject to claims by investors but he is (at least on paper, at least as far as the US is concerned) insolvent.