HiddlesWife: I wonder if The CNBC TV series "American Greed" may profile this case as an episode on their show. . .
I think it would make for some good viewing. The case is quite complicated and there are so many players. And...so many of them are JWs. 75% JWs.
I am interested in Lorenz Reibling's investment of $1.5 million. That is substantial. An unsecured investment. That he lost.
Why it interests me is the claims of his investment prowess on the international market and his targeting of very, very wealthy families' money. (read more here and here)
This investment does not smell of honest investing. That is evident in the cases where Bruce Kreigman won judgement against some of the "net winners".
The judge in those cases included this statement, or one similar, in the rulings:
"Defendants knew or should have known that Debtor was perpetrating a fraud"
Why did Reibling invest? Because his boys had already made some money? But, he should have known it was a fraud.
And then there are all those cases that were withdrawn. They also were net winners. But, from what I was able to piece together from the information I could find, I think that those 93 defendants, who had their cases withdrawn, had entered into a payback scheme of some type. It wasn't that they weren't guilty, it was that they settled.