We tried to reach all the major players in tonight's investigation, into what could turn out to be the largest securities fraud in state history. Through his wife, Dr. Bruce Horwitz declined to be interviewed for tonight's investigation. Late today, Walter Ng's criminal defense attorney sent an email that read:
“Walter Ng started his family-run business from the ground up over 30 years ago. He is distraught about the losses to investors. As an investor himself, Mr. Ng has also suffered losses that have caused him to file for bankruptcy. He knows that many of his investors were even more devastated, and he hopes they will be able to recover their losses through the bankruptcy proceeding and restructuring efforts.”
Walter Ng is due in bankruptcy court tomorrow afternoon, and many of the investors are mobilizing to attend the hearing. I'll be there as well and report back to you.