Simon

Hehe yeh I know it's quite hard line. All I wanted to get across is that after you've been burned once, you should at least be a lot more careful next time round.

I know it is kind of contentious for the receiver to seize the funds, but (a) this is effectively the government sueing, so I doubt anyone could challange it and (b) I believe that once all the money is brought in, it will be re-distributed (after excessive fees are taken lol) to everyone in proportion to the amounts they put in. That applies to those sued too.

I agree its a stupid way to do it, but in these large scam situations, the receiver probably believes it to be the easiest resolution.

Nice find on Trevor there too. I found this last paragraph especially amusing:

Repeated attempts to reach Reed were not successful. His Raleigh attorney, Bruce McDaniel, doesn't agree with the Ponzi scheme characterization. "I have not seen any evidence that it was that," McDaniel says. "It is my understanding that the people who put in money got more out than they put in."

Are there any pictures of Clayton?

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