Media Highlights
Mr. Koutoulas has appeared on CNBC, Bloomberg, and CNN, as well as being featured in major national print publications such as the Wall Street Journal, New York Times, Fortune, Forbes, and Reuters. Mr. Koutoulas testified on improving customer protections before the United States House of Representatives' Agriculture Committee. He was named one of the top 30 “Crypto Rockstars on Wallstreet” by Business Insider.
Selected Highlights:
The Boy Wonder of the MF Global Nightmare
Fortune | December 2, 2011 | http://fortune.com/2011/12/02/the-boy-wonder-of-the-mf-global-nightmare/
My goal is real simple: getting everybody's money back," he says. "And I think we have a very high likelihood of doing just that." In early November, Koutoulas, along with fellow Chicago futures trader, John Roe – son of Tennessee Republican Congressman Dr. Phil Roe – founded the Commodity Customer Coalition, a grassroots group that seeks to represent the complex legal interests of MF Global's former clients. In the space of just a few weeks, the group has amassed more than 8,000 members, received tens of thousands of dollars of donations and singlehandedly proven that enough people, when banded together, can change the course of a multibillion-dollar bankruptcy.
Meet James Koutoulas, The Man Who Never Wanted To Be A Lawyer But Now Fights For 8,000 MF Global Customers
Business Insider | December 16, 2011 | http://goo.gl/V7qG9
Consistently in the backdrop has been Koutoulas—an enduring presence at bankruptcy trials and Congressional hearings, a knowledgeable voice cited within the pages of major news publications and a stoic figure that represents over 8,000 wronged MF Global clients, pro-bono.
You Want Real Change in the Financial Industry? I suggest you keep an eye on James Koutoulas
The Motley Fool | December 27, 2011 | http://goo.gl/62rFA
If you talk to Koutoulas, it becomes clear very quickly that the main Goliath to his David right now is JPMorgan. "Their hands are on every aspect of this case," he told me. He went on to explain that JPMorgan was the custodian for MF Global's segregated customer funds and the company's biggest lender. He also has concerns that the bank got preferential treatment in its purchase of European sovereign debt and a stake in the London Metals Exchange from the MF Global estate. And now JPMorgan is swooping in as a vulture investor, offering to buy funds claims from customers at a significant discount. The phrase "conflict of interest" hardly seems sufficient to describe JPMorgan's involvement.
Brash commodities trader shakes up MF Global case
Reuters | January 11, 2012 | http://goo.gl/Nldr6
He was surprised when his efforts gained attention and other customers sought to join forces, quickly making him the de facto advocate for nearly all customers as head of the grassroots Commodity Customer Coalition. But Koutoulas plays down the "boy wonder" label he's picked up from cohorts. "Alexander the Great was commanding 48,000 troops at 24," the former University of Florida classics scholar told Reuters in an interview at Typhon's New York office. "It's not like I'm going to war," he said, sitting in Typhon's conference room. "Guys go to war at 18.”
Hedge- fund manager an impassioned advocate for commodities customers
Chicago Tribune | March 18, 2013| https://www.chicagotribune.com/business/ct-xpm-2013-03-18-ct-biz-0318-executive-profile-koutoulas-20130318-story.html
Koutoulas quickly rallied thousands of customers using social media. It was a voice filled with idealism that the people who harmed investors would be held accountable. On CNBC appearances, Koutoulas said things that many were afraid to say publicly. He called Corzine a criminal, suggested that the head of the U.S. Commodity Futures Trading Commission should step down and criticized giant investment bank JPMorgan Chase & Co. for apparent conflicts of interest in the bankruptcy case.
On CNBC appearances, Koutoulas said things that many were afraid to say publicly. He called Corzine a criminal, suggested that the head of the U.S. Commodity Futures Trading Commission should step down and criticized giant investment bank JPMorgan Chase & Co. for apparent conflicts of interest in the bankruptcy case.
"He's a bit of a loose cannon, but the bankruptcy process needed that," said John Roe, a Chicago futures broker who has worked closely with Koutoulas to recover customer money. "When you have someone like James, who's a bulldog, making statements, the media pays attention and the court pays attention."
The Hero of MF Global’s High-Noon James Koutoulas Wins Big for Little Guys
Forbes | November 27, 2013 | http://goo.gl/4Ks7IP
Impolitic, perhaps, but Koutoulas and CCC got results. At the start of the case customers were told their money would be frozen for nine months, at which point they'd get 60% released. It was widely expected they'd never get all of it back. Instead, after six weeks they got 72% of their money, and the bankruptcy judge recently ordered 100% returned. (Corzine and other former MF Global execs have appealed that order.)
Koutoulas "was really offended by what occurred and got the quickest payback ever," says Sam Tenenbaum, a professor and head of the investor protection clinic at Northwestern Law, who has served as a mentor to Koutoulas. "No one else was representing customers early on, when it mattered most,'' says Hilary Till, principal with Premia Risk Consultancy in Chicago. "His proactive representation of futures customers has been just about the only bright spot in the whole sorry MF Global saga."