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."
http://money.cnn.com/2007/07/30/news/newsmakers/yacht_sale/
Monday, July 30, 2007
No You Can't Have Your Money Back, I Lost it, or Spent it on My Yacht.
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