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Re: needdiamonds post# 277644

Wednesday, 12/17/2008 4:50:03 PM

Wednesday, December 17, 2008 4:50:03 PM

Post# of 279080
I stand by the fact the SEC could trace where the money went and to WHOM if they wanted to.

That requires a cause of action, constructive fraud. A remedy for constructive fraud is a constructive trust, ie., following the money. If any ill-gotten gains are in an alias' account somewhere, that alias has to be named in the fraud. The judgment was against Frankie. No alias was named. The SEC would have to file a cause of action and name the alias. Don't hold your breath.

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