Received a cheque today from the Trustee for 7%. That makes 37% returned to me. Not sure there will be any more disbursements.
NOTICE OF SECOND INTERIM DISTRIBUTION
On December 18, 2013, the Bankruptcy Court for the Northern District of Illinois entered an order authorizing the Trustee to make a second interim distribution of segregated cash to holders of Allowed Futures Claims in an amount up to $41,000,000 (“Distribution Order”). Pursuant to the Distribution Order, the distributions for the benefit of 4d (domestic futures) Customers and 30.7 (foreign futures) Customers are as follows: (i) with respect to 4d Customers, the Trustee is distributing cash in an amount equal to approximately seven percent (7%) of the 4d Customers’ Allowed Futures Claims; and (ii) with respect to 30.7 Customers, the Trustee is distributing cash in an amount equal to approximately forty-five (45%) of the 30.7 Customers’ Allowed Futures Claims. The total interim distributions made to 4d Customers and 30.7 Customers to date is approximately thirty-seven percent (37%) and eighty-five (85%) percent of their Allowed Futures Claims, respectively. A copy of the Distribution Order is available here.
On December 30, 2013, the second interim distribution was mailed to holders of Allowed Futures Claims. Please note that separate distribution checks were mailed with respect to 4d Customers’ Allowed Futures Claims and 30.7 Customers’ Allowed Futures Claims. The amount and classification of your Allowed Futures Claim is listed in the Proofs of Claim Docket on the Trustee website and may be accessed here. If you are a holder of an Allowed Futures Claim and do not receive your distribution check(s) by January 31, 2014, please contact a representative of the Trustee at (818) 933-2449.
just my opinion; my own thoughts aloud, after having watched it. kind of underwhelming. I didn't really want to hear the 911 recorded voices. What happened to the "Romanian building capital"; why wasn't it investigated for possible clawback. How could the senior staff not know? Sr. couldn't have done it all by himself. In prior AG episodes, usually a consiparacy has a fallout because one or more co-conspirators know the longer the ponzi goes on, the worse the consequences in the end, so they try to get out earlier or create distance , and this case had similar signs. No mention of the singular suburb home special "accountant" who refused to answer questions. No way could the CFO and "right-hand lady" not know considering the reports on how much she was responsible for the segregated accounts. Looks like Sr. took the whole fall for everyone in the know. And looked like CNBC cut the "investigation" short. Maybe it would look too bad on the retail futures industry if they said it was more than just a singular egomaniac who got lucky avoiding audits and electronic account confirmations for years. it's in their(CNBC's , probably CFTC too) best interest not to discourage retail online trading especially after MFglobal and HFT taken over real liquidity. Sorry Ms. Garner and her business got victimized also.
Last edited by Cloudy; July 13th, 2014 at 04:36 PM.
ON 1000 tick chart market had shot up 93 ticks in after hours trading. At the time I opened up charts it was in the middle of its last leg up. I drew a trend channel on the chart and waited. Price broke the channel to the downside but I was looking for a long trade. Then I drew a down trending narrow channel by connecting the two lower highs. I was tempted to take the M trade marked on the chart but minor cloud was horizontal even thoguh I had two lower highs. I waited. Then the market gave me the clue when price marked another lower high within the channel. I immediately marked the nearest support. Entry was made below step MA with minor cloud supporting a short move and a strongly sloping 34 EMA. This counter trend trade reached its target of 15 ticks with no heat.
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