I just read through the Daily Mail article and decided to read all the comments underneath the article. The very last one (posted half an hour ago) is very interesting and if true, tends to seriously support the 'serial swindler' label.... here's the comment in its entirety...
Posted by Greg from NY
Wow! About time they got that guy. I used to work for Omar when he owned Market XT (2003). He owed me $45k and a total of about $2M to other traders when he sold the company and ECN Lightspeed to Etrade. Just before the sale went through he divided the company into 3 separate entities and declared BK for the proprietary trading division. He walked away with a couple of hundred million and left his 40 prop traders SOL.
YES! I just read that...but aren’t they all-fast-talking jivetalkers.
Thanks for the input.......great contribution to the thread.