Kristen Breitweiser
๐ค SpeakerAppearances Over Time
Podcast Appearances
And so I read all of the SEC files, thousands of pages.
And so that's how I know this information.
I'm basing it all on these SEC files of this investigation.
So at any point, these victims that were supposed to be the ones getting compensated in this fund, run by the Department of Justice,
sold their judgments, not all of them, but like a lot of them.
They're very unsophisticated military families.
This hedge fund guy comes in and says, listen, you've got a judgment for 2 million.
I'll give you 400,000 right now.
They're sitting at the kitchen table in the middle of Iowa.
I'll write you a check.
So these families sell the judgments because they're like, first of all, their young son or daughter was in the military.
They never thought that they could sue the enemy, right?
Because you're not supposed to be able to do that if you serve in the military.
You don't sue the enemy.
But the special law was written.
And so they were just happy to get the $400,000, right?
Like they're sort of astounded.
So they take the money.
The hedge fund then owns the right to compensation of the judgment.
Exactly.