Re: Trib on Webio/Hernandez "The Fugitive" version

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Posted by downey on June 19, 2009 at 12:14:44:

In Reply to: Re: Trib on Webio/Hernandez "The Fugitive" version posted by Boris on June 18, 2009 at 10:15:24:

: : The affidavit also hinted that NextStep investors seeking return of their money might be out of luck. As of May 29, the balance of accounts maintained by Hernandez at Marquette Bank was $67,000.

: Aren't the (even unknowingly) ill-gotten gains of earlier investors in such a scheme recoverable?

yes, but i think what theyre saying is that unless this guy is caught with a room full of dough or he's caught and gives up the location of a large hoard of cash at an offshore bank... the authorities currently have no access to any of the gotten funds. so since there is no access to the money, the people who got screwed cant get their money back. now if he would have left a million dollars in a bank account somewhere, the authorities would have split that money up between the people who got screwed.

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: : : The affidavit also hinted that NextStep investors seeking return of their money might be out of luck. As of May 29, the balance of accounts maintained by Hernandez at Marquette Bank was $67,000. : : Aren't the (even unknowingly) ill-gotten gains of earlier investors in such a scheme recoverable? : yes, but i think what theyre saying is that unless this guy is caught with a room full of dough or he's caught and gives up the location of a large hoard of cash at an offshore bank... the authorities currently have no access to any of the gotten funds. so since there is no access to the money, the people who got screwed cant get their money back. now if he would have left a million dollars in a bank account somewhere, the authorities would have split that money up between the people who got screwed.

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