Editing Investors Overseas Services (section)

==Post-Collapse and Legacy==
(1973–Present)Receivership and Liquidation: IOS’s remnants were managed by liquidators, with assets sold to cover investor losses. By 1975, most funds were dissolved, though lawsuits persisted into the 1980s. Cornfeld returned to Beverly Hills, living modestly until his death in 1995. Vesco died in Cuba in 2007, per The Guardian, though speculation about his death persists.

Impact: IOS’s collapse exposed vulnerabilities in offshore finance, leading to stricter regulations like the U.S. Investment Company Act amendments. It influenced popular culture, inspiring films like The Billion Dollar Bubble (1976) and books like The Rainmaker by Stanley Cohen. Chile’s Chicago Boys, critiqued by Orlando Letelier, invested in IOS funds, linking it to Pinochet’s economic policies, per The Shock Doctrine by Naomi Klein.