phillip baker and his partners were essentially making it up. they were like, ah, ah, the 2nd thing and in some way the more damaging issue is that as they sought to recruit additional investors, new investors, which were essential because they needed to paper over the lots of money that they'd already lost. they were in their prospectuses and the documents they provided to investors to show investors how well they've been doing their relying there to when they were saying, instead of having lost 50 percent of their assets in the 1st year they were saying, look at us, we've got a long track record of very impressive returns with the they were lying, not only about the returns, but they were lying about the longevity of the fun. so they were saying they had, i believe, a 14 year track record just wasn't true that they had not been trading for 14 years . trading results were falsely reported. and hence that was a fraud. you cannot do that one, penny not reported properly is wrong. the victims were everyone who invested with them, investors who los