I feel very differently about this! I am assuming that you have "invested" in the Legacy group. In my view the PDIC is simply doing it's job and making sure that only genuine claiments get paid. Your anger should be directed against those in Legacy who devised this Ponzi scam and those agents who mis-sold the deals. The PDIC is an insurance scheme and no insurer is going to pay out on any uninsured claims. Rightly so, as everyone else would have to pick up the tab because the PDIC gets its funds from regular banks. I want the PDIC to try to avoid as many payouts as possible and if any of the various tricks which were organised, through establishing multiple accounts, in a variety of names, to ensure all fell below the insured limits, can be established as falling outside of their insurance then good for them. Any "investor" who "suffers" from such action should then go after who-ever sold them the deal in the first place. This always was a "punt", a get rich quick scheme, so those who lose should not complain to anyone other than those who told them it was all going to be OK. There were plenty of people advising caution about Legacy, me included, well before it collapsed so the warnings were all out there.
