YIKES! Show me the money! Where’d it go?
We can see plainly that the SEC is on it like a blood hound and the guilty will be punished, but the news release (link) never says where the money went. It says TCC was in dire straits, and $30 million in bad loans were laying around, but who got those loans?
I’m holding TCC certificates now, I do have a dog in this fight.