Engagement Letter

#PFGBest Customers

Are you a customer of PFGBest? The CCC is working with regulators and monitoring the court on behalf of PFG customers. At this stage, we are advising customers to gather their statements and prepare for a claims or account transfer process.

Stay tuned to our website for more information.

Engagement Letter
If you are an MF Global customer and wish to be represented to the court by James Koutoulas, please download and complete the following engagement letter. Please send the letter to info@typhoncap.com.

Engagement Letter: Download in Microsoft Word | Access in Google Documents

#MFGlobal Customers

Are you a customer of MF Global? The CCC formally represents more than 200 clients in the bankruptcy process of MF Global on a pro bono basis, and informally represents thousands more in the public domain.

Get the latest news on #MFGlboal.

About James Koutoulas 209 Articles
Co-Founder and lead attorney of the CCC, CEO of Typhon Capital Management and Typhon Securities.

1 Comment

  1. IS THIS A CLASS ACTION LAWSUIT? What does it cost to be on your list of clients you represent against MF Global, Inc. and MF Global Holdings Holdings filed bankruptcy and Inc was sued by SPIC in the Federal Dist Court on the southern Dist in NY.

    I placed an account with G-Force Trading in Greenwood, Co.
    McLean Giles was the broker. They asked that I write check to MF Global. This check was written in March, as I recall. It was delayed because they wanted my DBA certified by the Idaho Sectretary of State. It was cashed evidently by a Wells Fargo Bank in Colorado and the money wired to Harris Savings & Trust Bank in Chicago, ill. on Sept16, 2011. I received a statement which I did not uinder stand. Later, I asked an other broker in G-Force what it meant. He could not /(of woild not) tell me either.
    The market was to choppy, so I did not trade any positions.
    On October 30, 2011 I noticed that MF Global was considering bankruptcy. I imediately emailed the borker to close out my account ASP. On the 31st I was busy with other things. In the afternoon I called G-Force and talked with McLeaGiles. He said they were not taking bakruptcy, where did I get my info. I sent him a link with an other email and a second order to close out my account at Harris Bank. They told me the next day the accounts were now frozen. I asked to find out by who and what authority. They were not able to get anything in writing in the form of an email or fax, or a letter. I called the bank. After about four or five phone calls I got a gentlemen naled Kuan. He evidetly worked on the trading acounts with MF Global inc. He told me verbally my account was in the bank. My SS# accessed the computer but it was blocked so he could not open it. He said it was frozen.
    Later that week a fellow mentioned the number 1.25 for a reg with the CFTC on Market Form. I got from Google the reg 1.25 shown in the site for CFTC.. This stated that a broker could use segregated accounts for investing. In some of the other vergage in this reg were tables of changes that had been allowed by the Congress. A broker could not use SEG.money unless they had a Triple AAA rating or better and the investment had to be a prudent invester type of investment. When LLoyds of London pulled their accounts from the European Banks, IMO, the banks ratings were down graded. LLoyds told the banks that they were not forthwrite with their disclosures so that risk could be determined. This dropped the worth of the bonds MF Global was invested in. I suspect that is when they were also down gaded by Moodys. They some how transfered my account from Harris Bank and the statement has 1.25 U.S. Segregated dollars …..$9,000 converted. I appears that they removed the money from the Harris Bank and put into a 1.25 account called it seg, U.S. dollars converted in a broker account in NY. The acount had been converted? but showed a $9,000 U.S. 1.25 Segregated balance. I never gave them permission to use my money for any high risk trading in low rated banks in the PIGS group. The account was ordered closed twice prior to the official freezing of all accounts. by the Federal Dist Crt Judge Glen. IMO, the broker may have been in on this swindle/ fraud.
    The Trustee seemed more interesed in giving everyone a haircut so SIPC would not have to take such a hit. SIPC had paid up to nearly 1 billion in some years to account holders for brokers going broke. This time they decided to give hair cuts. They would not give out claim forms to get the money back either. Their charter states that segregated Cash U.S. Dollar accounts shall receive 100 % of their money up to $250,000, when a broker goes broke. AMarket Forum poster stated that LLoyds of London had also insured accounts over $250,000 to $600,000. I did not try to locate that policy with LLoyds as my acount was smaller, Thank God.

    IMO the CFTC has violated the U.S. constitution. “Equal Justice under the law.” to give account holders (creditors) hair cuts.
    There is the unjust, unearned, and excessive profits cases, also.
    Consider this a draft as I was not able to run spell check it and now have no time to try to use the dictionary. Sorry.
    Melvin Taggart

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