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Radio investment adviser charged with fraud
I can tell you heard his presentation in person in La Jolla. I am one of the investors. I cannot speak to what other people were told, but he was clear to me about the nature of the investment being based on the inverse Libor and interest only. There was absolutely no deception. Furthermore, I took additional action and wrote the company, G&S who was administrating his fund and clarified with them that the investments were indeed yielding the interest rate he told me. All was clarified. If I had not personally experienced the bullying by major wall street firms, and experienced first hand the corruption and cover up at a major institutional level, I would not believe it was possible for a major institution, nor a trigger happy government institution (SEC) to make such erroneous, false facts accusation. But, it happened here. Cody Price, who I did not know until a year ago, has acted and conducted himself in a transparency and honesty that is rare. Wait and see... this case is not over... and heads will be rolling at name brand institutions, while the SEC is given a proverbial slap on the wrist for their Barney Five tactics of due diligence. Dave— April 2, 2013 8:03 p.m.