[dances with Forex]

"According to Joel, the school was losing money when he bought it, and since he’d successfully “borrowed” money from his own fund before..."

That's all I need to know. There is no point in reading further. He stole investors' money the FIRST time he "borrowed from the fund"!!

Now somebody wants to let him "honor his fiduciary responsibility to his investors"? He has already violated that TWICE. You can't honor your fiduciary responsibilities by paying people back after you violate your fiduciary responsibilities. That's called "restitution"; not "honoring fiduciary responsibilities." Who do you propose should give Joel money to trade in order to pay people back? The State?!!

He's going to have to write a book or get movie royalties if he wants to pay his investors back. Now ask yourself: If he made millions on a book and movie deal, do you think he'd pay back his investors with it? I submit that he would just want to pay them back by trading ...and he couldn't generate profits to pay them back by trading before. No. My assessment: He's an addict.