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The investors may be responsible for other people's money. There is a principal agent problem here.
by random314 6y ago
The investors may be responsible for other people's money. There is a principal agent problem here.
- toomuchtodo 6y agoExactly this. Is there going to be recourse when pension or retirement funds are lost? Nope!
- jjeaff 6y agoIf he ended up scamming people again, I wonder if this would be a case of such flagrant disregard for one's fiduciary duty as a fund custodian that investors could actually sue them for breach.
- toomuchtodo 6y agoWe should not put investor dollars at risk to find out.