Ya good point. His hedge fund lost lots of investor money. Was he ever investigated for that? Seriously, you could take investor money to Las Vegas and gamble freely, and not lose 90%. What the heck did he do??? I do wonder if there was anything illegal done. Given who he is, he may never face consequences.
If I recall correctly, former Democrat NJ Governor Jon Corzine also lost lots of investor money in funds he ran, but nothing ever happened to him. Some people are just allowed to get away with things, sadly.
From what I can tell, Chelsea’s husband bet big on the Greek government getting its financial affairs in order (he bought Greek stocks and bonds). The Greek government is still a mess, so Chelsea’s hubby lost millions.
That makes him reckless, and stupid. But not necessarily a criminal.
Jon Corzine, on the other hand, is a criminal. His fund deliberately mishandled investor money. I believe it involved illegal account transfers. But don’t worry about Jon. His case was closed when he agreed to pay a 5 million dollar fine. That’s peanuts for him.
It still frosts me that Corzine got away with paying a pocket-change fine. The traders proprietary accounts that were supposed to be segregated from the firm trading were raided for his own benefit and he lost YUGE, but not in his account. I know several traders who have not received a fraction of their funds back.
Lock him up!