|Why ain't this guy in jail?????|
I have not seen any report that Flip is in danger of being criminally prosecuted. I think that a Grand Jury might be looking into RoweCom, so there is still hope. I will keep you posted.
I have never physically met Flip, though I have three points of reference. A former broker of mine cold called Flip many years ago and picked him up as a client. Flip would periodically make trade and not fund his account. My broker had to go out to his house and pick up a check. Flip was also a "friend" of someone I used to work for. Their point of contact was the Young Presidents' Association (YPA). When my former boss had some reversals and called Flip for some non-financial assistance, Flip did not lift a finger.
Lastly, Flip was on the BOD of a company I was involved with. He never attended a meeting in the flesh and eventually was asked to step down. I will say, however, that I have never been in contact with anyone who had Flip's ability to conceptualize and articulate an intricate deal structure.