QUOTE(Peter Damian @ Tue 27th September 2011, 8:52am)
In 1994 Wales left the university of Alabama and took a job at Chicago Options Associates, as Research Director. He left in 1996. I am still puzzled how he made enough money so as not to work again, having worked there less than two years, in a research capacity (rather than a trader).
What happened to Chicago Options Associates? The CEO was Michael Davis, who in that period was the subject of a lawsuit referenced here
http://www.state.il.us/court/opinions/appe...tml/1041110.htm http://www.state.il.us/court/opinions/supr.../may/102578.pdfI haven’t time to follow the details of the case yet, but it seems Davis was successfully sued for a large sum of money (then), nearly $1m, and tried by various means to avoid payment. Does anyone know the full story? I see Greg has followed this one in the past.
Isn't it the case that the "enough money to never work again" is entirely fictitious? The circumstantial evidence is his modest assets (such as car and house which Greg has mocked in the past) and his putting in excessive claims for expenses and his ability to hang onto large speaking fees. I've never seen anything suggesting that he personally put in any substantial amounts of money into any project. Most of it seems to have been scammed from other people.
Chicago Options Associates, What’s the story?
Peter Damian Chicago Options Associates 
