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PFGBest Accounts Frozen (PFG scandal big thread)
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PFGBest Accounts Frozen (PFG scandal big thread)

  #661 (permalink)
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My point exactly..why would where you traded make a difference?

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  #662 (permalink)
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Peregrine trustee seeks to distribute $123 million

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  #663 (permalink)
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"Wasendorf Assets Going on the Block"
http://online.wsj.com/article/SB10000872396390443864204577623612657001068.html

Wasendorf's guns to be sold.
http://www.businessweek.com/news/2012-08-28/wasendorf-receiver-seeks-to-set-claims-deadline-sell-guns

http://online.wsj.com/article/SB10000872396390443864204577623612657001068.html#articleTabs%3Dvideo


Last edited by Cloudy; September 6th, 2012 at 03:00 PM.
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  #664 (permalink)
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pfg trustee: 181,000,000 usd available, BUT ....

hi lamenting former pfg clients and dear traders:

if interested you can read the whole doc per attached. it is only 18 pages long.... L O L

however, here is what was summarily stated: according to an email from pfg trustee, it stated that:

181,000,000 uad is available for distribution, however,

only 123,000,000 usd will be actually distributed.

the 58,000,000 usd will be reserved for unforeseen, which could be inclusive of service fees and such incidental, i do not dare say.

any traders in their right mind would immediately conjure up such statement as....

by george.... 58 millions out of 181 millions.... that is just about a little under 30% of the total funds, is it not?

perhaps, i got.... as former prez clinton said last night during dem national convention.... my math is wrong altogether....

well, anyway.... accordingly.... funds will be in our new trading acct or otherwise within what? 1 or 2 months....? BUT ONLY 30% for all the brave and free, and 40% for others, per document....

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Last edited by nakachalet; September 6th, 2012 at 04:43 PM.
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  #665 (permalink)
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see, if i can activate the reference linkage, so you can just click and read the doc,

this is the working link which contains the whole 18 pages of pfg trustee proposal to her honor....

enjoy everyone....

our money is practically on the way.... end of this month, perhaps....

http://www.omnimgt.com/CMSVol/CMSDocs/pub_46535/333616_147.pdf
----------------------------------------------------------------------


Last edited by nakachalet; September 6th, 2012 at 05:43 PM. Reason: finally, the link that would take you to the 18 pages filing by pfg trustee
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  #666 (permalink)
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alright, this linkage might work and it contains explanations as well

alright, this linkage might work and it contains explanations as well.

if it fails to work, my most sincere apology to everyone. and i shall try to make it works later, promise.

the attached doc does not come from pfg trustee, K?

PFGBest Update: Interpreting the Distribution Motion | Attain Capital Managed Futures Blog

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  #667 (permalink)
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finally, here is the working link to pfg trustee proposal to her honor

this is the working link which contains the whole 18 pages of pfg trustee proposal to her honor....

enjoy everyone....

our money is practically on the way.... end of this month, perhaps....

http://www.omnimgt.com/CMSVol/CMSDocs/pub_46535/333616_147.pdf


Last edited by nakachalet; September 6th, 2012 at 05:45 PM.
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  #668 (permalink)
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Peregrine Financial assets far less than estimated

Doesn't look good for us.

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  #669 (permalink)
Market Wizard
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Here's why they are working to validate account balances.

Quoting 
The CFTC said it had consulted with the trustee, Ira Bodenstein, about methods for performing validity tests of commodity customer accounts, to ensure money didn’t go to any claimant who may have been involved in the theft of customer money.
...
“The CFTC believes that it would be prudent for the trustee to complete validity testing -- and, in parallel, work on the implementation of the mechanics of the distribution -- before this court authorizes the distribution,” the commission told the judge handling the liquidation.

The CFTC said its “preliminary” investigation uncovered more than $45 million in fictitious bookkeeping entries and unusual activity or balances in customer accounts.

CFTC faults Peregrine trustee $123 million distribution plan

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The following user says Thank You to ron99 for this post:
 
  #670 (permalink)
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siam, west coast andaman sea
 
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more delay on pfg trustee supposed payout....!


here is the latest linkage to the news on pfg trustee supposed proposal to pay off verified customers' acct.

hope it works. if not let me know, i'll try to fix it right away. pm or email, would be best. as my activity is somewhat curtailed here at bmt.

hope many of us would see the green soon, regardless. cheers everyone.

PFGBest Update: CFTC asks Trustee to Verify | Attain Capital Managed Futures Blog

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