The deep roots of Personal Financial Management entangled mess is worse than thought. Individual investors are now surfacing: one is a Willow Street (Lancaster County, PA) woman who is likely to lose $852,000.
The latest on this debacle is available from the Lancaster Newspapers at: http://local.lancasteronline.com/4/211751
and WGAL Channel 8:
There are other developments in this case, too. It looks like there is a $40 million shortage, according to court documents. Later this month, the bankruptcy court proceedings will continue, which includes testimony from the owner of Peronal Financial Management. Stay tuned...