Recently an attorney representing plaintiffs who lost money in the OptionSellers/INT FCStone case told me that it was wrong to compare this case to the Bernie Madoff case where so many investors lost hundreds of millions millions of dollars.
My response is that the Madoff case included a list of 11 celebrities. It included such stars as Steven Spielberg, Kevin Bacon, Zsa Zsa Gabor and Jeffrey Katzenberg, as well as government officials as Eliot Spitzer.
Until the CFTC and Federal Courts deal with all the complaints we will not know how much money investors lost in the OptionSellers/INT FCStone case but it is substantial.
Suggested reading is “The Wizard of Lies: The Death of Trust” by Diana B. Henriqes.
Michael R. McLeod