How FeederFund’s liquidation will be processed
June 4, 2007
Now that FeederFund has closed down, investors will be busy taking part in the liquidation of the remaining assets of the company.
Here's how FeederFund's liquidation is expected to progress, as explained by the company.
Rest in peace, FeederFund, because your investors won’t
June 3, 2007
FeederFund, one of the few remaining "trusted" online investment programs, is closing down.
In an email sent to all investors, FeederFund (www.feederfund.com) announced they are terminating the program and are now in the process of liquidating remaining investments for distribution to investors.
FeederFund attributes its closing to the recent major losses in FXIG, one of its programs, and the fraudulent deception by the administrator of another of its program, PSHI. Add to this was the supposed freeze order imposed by online payment currency e-gold on FeederFund's e-gold account. FeederFund claims more than $300,000 worth of e-gold purportedly for distribution to investors were placed on hold by the online currency.
Update on the liquidation process after the jump.
