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Chuck Jaffe: When A Fund Purchase Goes Horribly Wrong: GL Beyond Income Fund
FYI: About the only thing worse than learning you have been ripped off is feeling like the problem is never going to end.
It’s a nightmare being lived out by shareholders in the GL Beyond Income Fund, who have been in limbo ever since Daniel Thibeault, the fund’s founder and manager, was charged with fraud by the U.S. attorney’s office last December. Thibeault has been back in court since, but investors can’t get out of the fund, can’t be quite sure how much their shares are worth and can’t tell if any real help is on the way. Regards, Ted http://www.marketwatch.com/story/when-a-fund-purchase-goes-horribly-wrong-2015-05-18/print
