Monday, July 30, 2007

No You Can't Have Your Money Back, I Lost it, or Spent it on My Yacht.

Another exerpt link to a CNN Money Article. According to the article He buys himself a 142 ft Yacht and later must stop honoring investor requests for redemptions! he is selling his Yacht due to some bad investments presumably...

"Devaney's fund has run into trouble lately. A spokesman for the firm told Reuters on July 3 that it had stopped honoring request from some of its investors for redemptions, or withdrawal, of investments."

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