3 ms·
Were his losses insured or recovered somehow after the collapse? Or was the investor money all gone by then?
by jlj 8y ago
Were his losses insured or recovered somehow after the collapse? Or was the investor money all gone by then?
- sjburt 8y agoNot publishing the story wouldn't have saved Murdoch's $125m. The story just reflected the truth of the matter, which was that the company had nothing and never did.
- jlj 8y agoSpeculating that he might have lost less than $125 million by publishing the story. How much of the investment was recovered or it's that still TBD? Once the fraud was exposed and the company began winding down, spending would quickly slow down and that might have put investors in a better position to recover something, versus loosing everything.