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SPXL - Are Recipients Of Stock Buybacks The Next Time Bomb For Bankruptcy Clawbacks?
Direxion Daily S&P 500 Bull 3X Shares
Charles Tatelbaum is one of the most respected bankruptcy attorneys in the United States, with some of the largest clients. He contacted me late last week to share what he had found in the Uniform Fraudulent Transfer Act. His discovery, in my opinion, is a potential bombshell for both money managers and individuals. With his permission, I am presenting what he has written up for me to share with all of you.
By Charles M. Tatelbaum, Tripp Scott PA Director
The current financial crisis is reminiscent of the long-standing parlor game of musical chairs where,