Update:
Just heard recently that George Fontanills's court case with FIMAT USA in the New York Federal Court which was in arbitration has been decided and Mr. Fontanills has to pay approximately 2 million to FIMAT USA. Also, he has to pay Smith Barney 130K as well in another arbitration case. As to what Mr. Cawood stated in a previous update that Mr. Fontanills had a huge counter claim against the brokerage firm was unfounded. It's obvious that he was trying to cover up for Mr. Fontanills' inability to run his own account. It's obvious that Mr. Fontanills makes his money selling seminars (as it is big business) not trading options.
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