It happened before in a case that is too close for anyone involved here to claim ignorance of: Refco.

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While some may criticize the effort, suggesting it is hard to feel sorry for millionaires who make bad investment decisions, that shows a certain ignorance about the situation.

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Ignorance is not an excuse, but it seems to be the central theme for Michael Wallerstein, the main subject of the article.

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Yet, virtually every court will certainly hold ignorance of a contract you agree to is no defense for the loss of rights embodied within it.

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