Read Phoenix's post. It's a sticky.
The FBI agent states Sorvai spent roughly $350G on the shell and lifestyle expenses.
He did this with funds fraudulently obtained from a Govn't program.
I'm not sure of how much was shell and how much lifestyle but if I had to guess I'd say 60% was involved.
:)
Why do 99% of day traders lose money?
They trade on a fundamental misconception about the nature of stock prices, namely that they are somehow persistent and predictable.
In other words, they pattern trade until they lose money. 99%.