I didn't read the add'l articles you posted, but it seems as if the prosecutor's version is maybe a little harsh... I mean, yeah, the guy ran off the rails... but:
Quote:
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According to the prosecution, “As a trader, he was a failure. The only success Ward had was in convincing others that he was successful.”
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Wouldn't he have had to have some modicum of success to amass any funds? or, was he sooo good at snowing people he was able to convince others they would get rich if they let him trade for them? It is hard to say... but wouldn't he have had to show some sort of trading record or again, did he manufacture his results and use this as evidence...
There is an outside chance that he was just a naive business person who was really good at trading but had no clue as to what is considered good practice... it is quiet possible a fellow would look at a pile of money he mangages and says, no big deal, i'll fix this company and replenish my fund in short order...
Ever since those guys on North Carolina were falsely accused for raping that girl, now totally exonerated and the prosecutor has been stripped of his power... well, just makes you want to be thorough before judgment is passed...
Again, maybe he would have honored his fuduciarary responsiblity to his investors - but in jail, we'll never know...
cheers,
Jake