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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Broken_Clock who wrote (246182)4/29/2010 6:21:36 PM
From: neolibRespond to of 306849
 
Surely he only stole from sophisticated investors just like GS does??

... widows and orphans he stole it from?



To: Broken_Clock who wrote (246182)4/29/2010 7:18:15 PM
From: Peter VRead Replies (2) | Respond to of 306849
 
He paid $400 million in restitution for the criminal case, and $500 million to settle a civil case. Plus $200 million in fines to the SEC

en.wikipedia.org

Total settlement in the civil case was $1.3 billion
nytimes.com

I don't know if that covers all the "widows and orphans" who were clients of Drexel, but I doubt you knew he paid anything before that post.

But tell me, how do you know it was billions, and how do you know it was widows and orphans?
.


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