Quote Originally Posted by Enumerate View Post
I am deeply outraged by the injustice that Allan Hubbard has had to endure. This sorry saga is not over yet, for him.
What about some outrage for the locals who put their money into Aorangi and HWM only to find the fund manager making up cash and investment's that don't exist and putting their hard earned money into high risk areas. They didn't know where the money was going - AH didn't issue a prospectus. They just trusted AH. And on the basis of the two Stat Man reports that trust was misplaced. Whether than amounts to fraud on the part of AH remains to be seen - but we'll hear from the SFO in due course. The sorry sage isn't over for the locals who may now have some hope off getting some of their cash back. Without the Stat man it appears their cash was being used to prop up AH's own personal interests in unsecured depreciating investments in illiquid markets. Tahts a sorry state!