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Re: Wagter101 post# 1487

Wednesday, 10/31/2007 2:01:57 PM

Wednesday, October 31, 2007 2:01:57 PM

Post# of 1530
They always mention disgorgement because really, thats the SECs only power. The SEC cant put anyone in jail and oftentimes the prosecuters wont go after the scamsters. Anderson having a prison record might be different.

Many of these full fledged scamsters never pay a dime in disgorgement.

Often all their assets are hidden so they sign a "unable to pay" affidavit and promise never to do it again.

Others promise to pay at a later date but never do.

Guys like Anderson are never going to willingly cough up a penny.

Hopefully, they have some of his assets frozen like they say.

At least in cases like that, theres something that can be held onto. But oftentimes the judges will let them at it to pay for their attorneys. Judges are all about making sure the attorneys get paid.