We don't need or want people who went to federal prison for defrauding investors. Matt stole the money out of his fund, recklessly lost it in Vegas and spent it on himself, then fled to Panama. He is a convicted felon, who plead guilty, and shouldn't be allowed near other peoples money ever again.
An investment manager from Wentzville who fled to Panama later admitted in an e-mail to squandering the fund on gambling and said his "moral compass ... was very skewed," according to a formal state order against him.
The securities division of the Missouri secretary of state's office on Thursday ordered Matthew J. Trainer and two associates to stop engaging in their alleged violations of state investment law. The state says Trainer lost more than $900,000 of his investors' money, including $750,000 g ambled away in Las Vegas.
What a cunt.