James Cordier of optionsellers.com is the type of guy who you don’t really know who he is, or what he does, but he’s someone who provides those assured sounding quotes on the direction of markets on the business channels. As his website used to say, he’s been featured on (or in) CNBC, Fox Business, Bloomberg, The Wall Street Journal, Forbes, CNN Money & Barron’s, among others.
Cordier’s fame reached beyond the confines of the business channels this week, though he won’t be posting any of those articles up for prospective investors. His website is gone. Now just a baby blue page with some contact details.
His final message, this tearful video to his high net-worth clients who aren’t as high net as they used to be. Cordier’s strategy blew up their accounts and not only that, left them owing money.