Investors in the Waddell & Reed fund are suing Waddell & Reed

[bigdunny1]

Well it wouldn't really be surprising if their was something extra going on. There's no way PBC burned through $500M with a couple time buys and a few Berto-Lopez type matches.

There's probably $300-400M sitting in some Cayman Islands offshore account. Would anyone be shocked if this turned out to be some mini-Bernie Madoff type ****?

Yup this always sounded like a ponzi scheme type fraud from day 1 to rob inventors. Now according to Glaser looks like Caldwell just flipped and is working with the FEDS to save his own azzz.

Ryan Caldwell, who worked at Waddell & Reed, and put together the 500 million dollar financing package for Al Haymon and his PBC, and then went to work as Haymon's chief guy, and now Caldwell is missing. No one of note knows Caldwell's whereabouts. Rumors abound that the Feds maybe hiding him, as he could be a very dangerous witness, as Caldwell knows everything that went on with Haymon and the PBC, is highly educated, and had a clean track record before his involvement with Haymon. Very intersting development in the never ending saga of Haymon and his PBC, and the blown 500 million. I know "but it was freeeeeee boxing" Well, you see how that worked!

[IMDAZED]

I don't really believe any of these stories, I was just having fun. Because at the end of the day... who really knows?

Certainly not Rick Glaser. It amazes me how at exactly the same time every year these stories come out. I don't blame you for having fun with it.

The GBP lawsuit docs showed just how much PBC spent for the network deals and I think it totaled a shade under $40m. Thet got quite a bit of licensing fees from Showtime, Spike & Bounce and a clause they had with W&R was that a good percentage of what they got back was to go directly to them. This fact kills off any idea of some scheme but I guess Glaser and his minions can't be bothered to deal with facts.

[Eff Pandas]

Point is a LOT of money went missing under this mans watch.

Again how much is missing? More details about whatever you are assuming here or if you got links or legit facts feel free to bring them up.

[Sweet Jones]

But it wasn't his "own" investment. He was charged to look after other people's money and a lot went missing. And he handed large sums to a buddy of his in a completely irrational investment without disclosing that relationship and he went to work for him after he bolted from the company. Now most of the money is gone and if Glaser is correct the FEDS have gotten to Caldwell.

Following your logic, Ryan Caldwell decides that, unlike all the other successful such financial ponzi schemes/thefts of the recent vintage, a 'smart' way to 'steal' money from Waddell and Reed is to make one of W&R most PUBLICIZED and media covered investments into the company of 'a buddy of his'.

Then, in order be close to this stolen money, he then quits his job with W&R to PUBLICALLY join the company of said buddy.

Do I have this right?