James Koutoulas co-founder of the Commodity Customer Coalition, which represents the interests of over 10,000 investors and traders, pulled no punches today as he spoke with great passion regarding the plight of those who have been victimized not only by Jon Corzine of MF Global (currently partying in the Hamptons) Russell Wasendorf Sr. of PFGBest (currently incarcerated) but by the very regulators who were put in place to protect them. The breach of fiduciary duty is heinous at best.
"My goal is real simple: getting everybody's money back," he says. "And I think we have a very high likelihood of doing just that." In early November, Koutoulas, along with fellow Chicago futures trader, John Roe – son of Tennessee Republican congressman Dr. Phil Roe – founded the Commodity Customer Coalition, a grassroots group that seeks to represent the complex legal interests of MF Global's former clients and now those of PFGBest.
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