Andrew Abraham

andy-0101 My name in Andrew Abraham. I have been investing in commodities and managed futures since 1994. I adhere to the philosophy of trend following. Trend following stresses a disciplined approach to commodity/ futures trading. Successful trend following and commodity futures investing requires patience, discipline and actively managing the risk. What sets me apart from other traders is that I am not only concerned about the return on investment but how much risk I will have to tolerate to achieve my goals.

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If you are interested in contacting for speaking engagements. Please email me at Andrabr9@gmail.com or call 954 903 0638.

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Trustee’s James Giddens Call Center & Email Service for MF Global Bankruptcy Victims

It would be nice if the trustee James Giddens or maybe his spokesman Kent Jarrell can answer some simple questions regarding their so called call center offered to the victims of MF Global. I emailed and received no answer what so ever. I called and spoke to an operator that knew pretty much nothing about MF Global. When I asked about details regarding the 60% to be forwarded to accounts that were in cash, the attendant told me he was not updated as to that information. Isn’t this comforting!

At $890 dollars a hour to trustee James Giddens plus his cadre of non existent email attendants and phone operators who are not informed. Is it any wonder that the victims of MF Global have no confidence in “Trustee” James Giddens. I suggest you to call and ask a pertinent question. I will be very surprised if you will receive an answer to your question.

You try

CALL CENTER
US: 1-888-236-0808
INT’L: 1-503-597-5173

EMAIL
MFGITRUSTEE@HUGHESHUBBARD.COM
KENT JARRELL
PHONE: (202) 230-1833
EMAIL: kjarrell@apcoworldwide.com

I called Kent Jarrell on his phone 4 times including his cell phone. There was not a returned call.

As per a conversation just now with Darren who answered the phone at the number provided by Trustee James Giddnes; he did not know pretty much of anything either. He did not know where supposedly money would be transferred or when. His answer was very simple. He was not updated.. Very simple reaction…more outrage at the lack of professionalism! I asked him considering that James Giddens is getting paid $890 a hour how much is paid per hour and not able to give the simplest of details. Darren’s answer after chuckling was $11 dollars a hour.

Considering the possible conflict of interest of the Trustee and JP Morgan, his unbelievable hourly fees, a call center that is not updated, a call center that does not answer emails is it any wonder that a vast majority of MF Global victims do not trust the trustee.

My biggest questions that I really believe are not that complicated…

How can “Now” $1.2 Billion dollars just disappear? There are no Fed Funds trace numbers?

Why hasn’t Jon Corzine been personally questioned as to his knowledge of the so called “Shortfall”?

Why hasn’t all of the board of MF Global been questioned as to where this so called shortfall is?

Why was Jon Corzine allowed to run MF Global even though his license was expired?

Why did the CME repeatedly and consistently instill the message that segregated accounts were safe?

None of this makes any sense and STINKS TO HIGH HEAVENS!

This is worse than Watergate.
————————————————————————————————————————–
Ironically after posting I received both a phone call as well as an email from the CME. Even with the phone call from the Trustee’s office I was not given any exact or pertinent information. As for the email it was a form email.

http://www.cmegroup.com/clearing/files/Nov17DistributionQA.pdf

Andrew Abraham
Abraham Investment Management


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3 comments to Trustee’s James Giddens Call Center & Email Service for MF Global Bankruptcy Victims

  • Cynic

    I think this is just a ploy to hold on to as much customer money as possible for as long as possible, and to milk this fee cow until it’s dry. Wouldn’t be surprised if most of the money turns up when he does his accounting, only to be sucked up in fees.

  • Jack

    I was wondering the same thing, Cynic. It’s either that or lots of ignorance on his part about accounting, clearance and settlements, which may also be true if compared to the level of ignorance shown by the call center run by EPIQ Bankruptcy Solutions.

  • Jack

    It is outrageous that the Trustee wants to seize part of the customers’ physical property (as represented by grains warehouse receipts or metals certificates) when the missing funds relates to cash in their accounts. The Trustee should not be allowed to fill the hole in cash funds with physical property that has remained intact.

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