Ok, news is a couple of days old, but how did he not know how much his profits/losses were? Especially if he made 100 trades a day. I wonder what his strategy is to trade 100times a day? Case: http://www.timesonline.co.uk/tol/news/uk/crime/article6237261.ece Telephone Transcript: http://www.timesonline.co.uk/tol/news/uk/crime/article6237285.ece RG - "Yeah, altogether Iâve got ten million in everything." MF - "Um, I donât think so mate. "
Maybe the broker from MF and Gill have some kind of deal. Gill knew he was in trouble, convinced the broker to do a little fraud. Sue MF, make a few million, then split. I wonder how this guy Gill didnt know how much I had. Seems to me every day trader looks at his statements almost every day.
Agree, unless it was a complex option strategy, which couldnt be seen on a live statement. But if he does 100 trades a day, it would suggest it wasnt of of these. 7 years to come to court is a long time though.
The only way I could believe he didnt know what he had on is if he carried an overnight and forgot to email/call your broker to put in his start of day. Anyways crazy stuff!