Comment by stouset

> “There were people who lost 70, 80% of their retirement” as a result of Hanes’ actions, Mitchell told CNBC on Wednesday in a phone interview.

Let this be yet another painful reminder to the rest of us that diversification of your retirement funds is critically important. Putting 70% of your life savings into one investment leaves you with the stark possibility of surviving off only 30% of what you spent a lifetime saving.