Kirk Wright - The Miami Stopover
Some interesting details about Mr. Kirk Wright have emerged from the Court files in Miami, where Mr. Wright was arrested. As readers will recall, part of Mr. Wright's method was to give his investors phoney statements which showed large returns. Apparently as late as February 15, 2006 Mr. Wright was insisting that Ameritrade was holding the funds. Searches by the Ameritrade staff showed only funds of approximately $150,000, and not the $150 or $160 million Mr. Wright was claiming. It took the Director of Compliance for Ameritrade at little more than a week to confirm that Ameritrade only held $150,000 for Wright's companies. Amusingly enough, the 800 number of the Ameritrade statements used by Mr. Wright were also in error; no such number nor address is connected to Ameritrade. One other company was related to IMA, J&B Oxford & Company was also located by the Director of Compliance, but the account was closed.
How was Mr. Wright able to get away with not showing the investors what he invested in and where the money was? Was it a secret?
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