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Group:
Most recent info is at: www.intrust.com
The story brok in the Chicago Tribune on Saturday. There is 68mil
that is missing; which represents about 3% of the 2.1 billion in assets.
All this lends new meaning to the term 'keeping your money in trust'.
Interestingly, this news was not reported in the weekend media.
The President of InTrust is Gary Bertacchi. One Chicago telephone
number belonging to that name has been disconnected. Also,
Mr. Bertacchi is not at InTrust this morning. Can anyone imagine
why? If anyone knows where Mr. Bertacchi lives; or his whereabouts,
please let me know. Price WHse has been appointed as the
reciever and all assets are frozen.
Charles
-----Original Message-----
From: I4Lothian@xxxxxxx <I4Lothian@xxxxxxx>
To: realtraders@xxxxxxxxxxxxxxx <realtraders@xxxxxxxxxxxxxxx>
Date: Monday, April 17, 2000 9:14 AM
Subject: [RT] FUTR: Intrust Bankruptcy??
>FYI- The Chicago Tribune is reporting that Independent Trust Company
>(Intrust) of Orland Park, IL, has been placed in receivership. Intrust is
a
>widely used Trust Company for futures traders trading IRA accounts. Not
sure
>what this means for customers of Intrust, but will follow up when I hear
more.
>
>Regards,
>
>John J. Lothian
>
>Disclosure: Futures trading involves financial risk, lots of it!
>
>Disclosure: John J. Lothian is the President of the Electronic Trading
>Division of The Price Futures Group, Inc.
>
>
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