If I remember correctly what precipated this was $7Billion in redemptions that hit all at once.
My guess is it was the Russian Mafia prompted by huge loses in the Oil Markets that created the redemption problem.
Also, fwiw, I am friends with the guy that helps run that Deep Capture site. He is an investigator. An older guy in his late 60’s. He has been telling me stuff that came out today for 2 years. Not Madoff but the corruption in the SEC. It goes all the way back to Arthur Levitt.
My friend said the world will be “aghast” at who all is arrested over this.
