Our group of investors is relieved to know that at least some of the money has been secured. There's still a long way to go to obtain complete recovery.
It's a fantastic thing for investors. People thought all the money was gone. It's secure, sitting in the treasurer's office.
It's alarming that a hedge-fund fraud of this magnitude could go on for so long. Most schemes like this finally blow up when the trader runs out of money.
It's great news for the group of investors we represent. We are in the process of making applications to the Arizona attorney general for our clients pro rata share of the funds seized.
Investors are very pleased that the U.S. attorney's office obtained the guilty pleas in such a short period of time. However, they are very concerned that the hearing didn't mention the seizure of any more funds other than the $100 million in Arizona.
Investors are hoping there is going to be a large amount of money to recover that were the fruits of the Bayou fraud.
For some, it's a significant amount of their net worth.
The group of investors we represent are pleased about the U.S. Attorney's actions.