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I was told my funds were insured by the FDIC up to $100,000 and buy either Lloyds of London or AIG for amounts in excess of that. What liability do the insurance companies have?

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I was told my funds were insured by the FDIC up to $100,000 and buy either Lloyds of London or AIG for amounts in excess of that. What liability do the insurance companies have?

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There is no evidence whatsoever to indicate that any of the private investor funds were covered by the FDIC or any insurance company or agencies. At this point, it does not appear that there is any insurance to cover any of the investor losses.

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