“They clearly are responding to the fact that an investigation was underway,’’ Galvin said in an interview. “Now the thing is to act promptly and get whatever we can for these people.’’
Jordon "Ponzitracker" Maglich has covered this in Forbes:
Expect Massachusetts lawyers filing complaint with Nevada to stop the bankruptcy filing at once, and a more formal cease, desist, and account freeze put in its place instead.
Stay tuned, folks. This will get ugly FAST. Expect the Feds to jump in any second.
P.S. News has already reached Brazil
Editor's note: Updated with the correct figure, previously the newspaper quoted only 90 million.