ICP sued by SEC

[Guest Dazel]

 

http://online.wsj.com/article/SB10001424052748704895204575320611090398940.html?mod=googlenews_wsj

 

looks like Fairfax better move quick to their lawsuit money out of ICP....there looks to be a line up! The government always gets their

money first. The founder is being personally charged....For those that have been around know what an idiot this guy was when they were

buying cds' on ORH and trying to get a tax penatly impossed on ORH and Fairfax...tooooo bad the sec turned the table. Do you think the SEC will

connect the dots to figure who else profited form their actions? Not likely but there was a day when ICP released misleading headlines and showed

up on a conference call with seriously misleading statements towards Fairfax. How did that trade work out Tom!!!!

Prem has the last laugh!

 

Dazel.

[T-bone1]

good find Dazel. 

 

If the SEC ever decided it wanted to go after SAC (doubtful), smaller players involved in a RICO lawsuit with them getting caught for other crimes is a good start!

[Parsad]

In ICP's case, one of their traders, William Gahan, actually put up the $200K bond for Spyro Contogouris back in 2007 when he was charged.  I'm not sure if Gahan is still at ICP, as alot of the key people have left.  Ironic how key people have left ICP, but not a single person left Fairfax when ICP was alledging that Fairfax was involved in fraud.  Cheers!