Louis Schooler hit with $150 million fraud fine

The SEC see's to it that their lawyers and the Federal Treasury have first dibs on any $$$'s recovery on Schooler's fine (if he was still alive) and no, not yet anyway, that I am aware of as suing the sales people, whom got their commissions, but some were also invested in these bad investments, also going to lose $$$'s in most of these GP's. I bought into one for 20K in 1991 and 10K into another in 1993. I've paid annual operational expense bills for each GP when due (up until the time that the SEC put WFP - Schooler, into receivership with a company called E3 advisors). So far, not a dime has been returned to the investors, and with the receiver's distribution plan (the one-pot approach) my 30K will have been reduced to approximately 13.4% of it's original value which means, 30K investment = $4,020 now for a loss of $25,980 + my operation bill payments over the past 25 yrs or so. Not a very good investment which is still tied up in US f Federal court in San Diego and has an appeal moving towards the US 9th District court of Appeal. And some investors put much more $$$'s than I did and some investors even had put these investments in their IRA's which for most are also losing 86.6% of their retirement funds. Since the SEC took over to "protect the interest" of investors and any "future investors" by putting WFP and Schooler out of business for selling "unregistered securities", we investors have lost almost all of our money. Not a very good deal except for all the lawyers whom are being paid from what ever is left.
— October 22, 2016 3:17 p.m.

Louis Schooler hit with $150 million fraud fine

Check this out - Hylas 42 Entertainer - http://www.pacificpuddlejump.com/fleet.html Says owner on 2016 Tahiti Trip is: Entertainer Hylas 42 San Diego, CA Betsy Jacobson San Diego, CA departs March 15 Betsy Jacobson's name, I believe, was also working for, or somehow involved with, WFP, when they were located in the office building on Carrol Canyon Rd, in San Diego. I do remember her name. Maybe someone should try to talk with her?
— October 21, 2016 2:47 p.m.