Shaun Altman On The WSE Fraud Compensation Fund

Shaun Altman posted his opinions on the WSE Fraud Compensation Fund which seems to be based on some pretty solid logic.

My personal opinion at this time is agreement with Shaun's findings. It really is worth reading if you invest at WSE.

His final words:

...If World Stock Exchange wants to posture in press releases about how it is doing something good for their customers, who they state made World Stock Exchange what it is today, and were the victims of fraud at World Stock Exchange in the process, they can SURELY do a lot better than what they've announced in the excerpt below. There seems to be no actual MONEY to be found anywhere in this fraud compensation scheme for the victims. In fact, it seems that all World Stock Exchange is doing here is converting a bunch of fraudulent stocks into a single, unified fraudulent stock, and posturing to the fraud victims about how this is somehow a blessing.

This reminds me that I should dig back up the Ginko Financial details sometime in the next week and poke around.