I am pretty sure that lots of small hedge funds and another asset managers will soon be on the list as well.TOKYO (AFP) — Japanese police on Thursday arrested a business executive who built a cult-like status among thousands of investors whom he reportedly defrauded of at least 1.4 billion dollars.
Kazutsugi Nami, chairman of now bankrupt bedding supplier L&G K.K., had promised 36 percent annual returns. His company even issued its own electronic money, which he predicted would be a hit during the global economic crisis.
Maybe it would make sense to actually keep track of them here?
Wait & See...
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