It’s fraud. Even my two pokey retirement plans are doing well.
When is the entire family going to jail?
And why is that evil bastard Corzine still walking free?
So are mine.
You could very well be right.
Imo, it could be a zero sum game for goldman.
They could set the fund up to help the son in law look good/respectable as a mate/provider for the chelsea.
Even put some of their money & their “client’s” money up to fund it.
Then goldman could direct the hedge fund’s trades while also acting as the. Contra party.
Iow long 25mm for the fund while at the same time shorting the assets of the hedge fund.
Outcome: hedge fund loses -25mm while goldman makes +25mm for their short position when the hedge fund goes broke
Net to goldman = zero
The real question is how long before chelsea baby daddy go on the foundation payroll??
He’s obviously damaged goods on wall street now