The letter of intent to formulate a memorandum of understanding as to the prospective content of the letter of engagement, which will serve as a basis for the definitive agreement
those aren’t even proper ‘victims.’ The purported victims if they exist are short term traders who followed him but he was closing out against them, and lost money shorting
There is no proper legal theory in which the longs are victims. For those evidentiary reasons he should have a new trial