In the MF Global meltdown the company pilfered clients accounts to pay for their risky bets gone wrong. Regulators are now saying that up to 1.2 billion may be missing. And yet no one from MF Global has been arrested yet. Why is that? Is it because of corrupt political connections that protect the former NJ governor? Gerald Celente has recent written contracts promising delivery of gold at the price he negotiated when the contract was written. Yet now the broker who signed the contract and the CME group, the exchange that is suppose to regulate this exchange and protect investors and guarantee contracts don’t want to fulfill the promises they made.
Gerald is known in the financial markets. He has a wider reach, more visibility and more clout. Yet if he can’t get satisfaction what do you think the chances for restitution are for thousands of other investors who may have suuffered the same fate.
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