Not really an opportunity, but more of a warning to fellow pirates. The person selling the Orpheus set on HF was convicted of trader fraud by the SEC. It seems like he's selling off the Orpheus set to help with finances. Given how high the asking price is, out of good conscience, I wanted to let fellow pirates know that this person may have questionable personal ethics, and that they should be careful should they engage in a purchase.I'm not posting links since they contain personal information, but due diligence was straightforward.
In addition to misrepresenting the value of the fund, X also misrepresented the reason for the undisclosed losses. During several trading periods throughout 2008, X blamed the losses on the “rollover strategy,” minimizing these declines as merely artificial “paper” losses or “projected” losses tied to open option positions. In reality, these losses represented actual, realized trading losses....During the year, X caused the fund to pay his management fees based on the inflated fund value. In addition, he caused the fund to redeem units at the inflated value, to the detriment of investors who remained in Y as well as the fund itself.
I gave mine away for free. If I only knew someobody wanted them...
