jim rogers sells house and moves to asia

Discussion in 'Wall St. News' started by marketsurfer, Mar 24, 2006.

  1. This is how sick our legal system is. People sue when they buy a stock and lost money. What part of the financial system don't they understand? It's a big damn casino with brokerage house as the dealer. You will they take your money, you lost they take your money.
     
    #11     Mar 24, 2006
  2. just21

    just21

    ``Sugar could quadruple from here and it would still be below its all-time high,'' said former George Soros partner James Rogers, 63, who founded Lausanne, Switzerland-based Diapason Commodities Management SA, which oversees $3.5 billion. ``The rally hasn't even started yet. And the fundamentals are changing dramatically in a positive way.''

    Full article on sugar is here dated 20/3/2006 http://elitetrader.com/vb/showthread.php?s=&threadid=65959&highlight=rogers
     
    #12     Mar 24, 2006
  3. On what facts do you have to imply that is relocating to avoid some sort of extradition?...What law has he been charged with breaking, or charged with breaking or convicted of where you imply he is fleeing?
     
    #13     Mar 24, 2006
  4. From what I remember reading they aren't sueing for him losing money but that the fund voliate some risk criteria. Something about having too much money in an unsecured account of refco.
     
    #14     Mar 24, 2006
  5. just21

    just21

    America has intergrated immigrants much better than Europe. You don't have home grown suicide bombers like Britain.
     
    #15     Mar 24, 2006
  6. Since you are new I will go easy on you:

    1. It was clearly a joke.

    2. If you are being sued and you flee the country and have judgement entered against you, there are a few laws you will be violating. Thus why people go to non-extradition treaty countries. They are judgement proof as long as they do not come back to the country.

    3. It was a joke.

     
    #16     Mar 24, 2006
  7. thks for the laugh... its friday i guess :))))))))))
     
    #17     Mar 24, 2006
  8. Clearly he has been judged guilty by memebers of ET. Are you saying there exists a higher court?
    "Respect my authoritay" :D
     
    #18     Mar 24, 2006
  9. just21

    just21

    Jim Rogers's Neighborhood

    Wall street veteran Jim Rogers -- who wrote the best-selling books "Hot Commodities" and "Investment Biker" -- put his Manhattan home on the market this month for $15 million.

    Mr. Rogers, who founded the Quantum Fund with George Soros in the 1970s, says he paid about $105,000 for the 26-foot-wide, American Renaissance-style town house in 1977. He bought the property, built in 1899, from the Catholic Church, which had used it as a school and residence for 35 years. The house has had only three owners since it was built, according to the listing agent, and sits on Riverside Drive and 107th Street, overlooking Riverside Park and the Hudson River.

    The money manager restored all of the house's original details, including a wide baronial staircase, mahogany and oak woodwork, and moldings, according to the listing agent, Lisa Lippman, of Brown Harris Stevens. The house also has eight wood-burning fireplaces, several Juliet balconies, a sunken garden, a wine cellar and a roof deck, measuring about 1,000 square feet, with a sauna and hot tub.

    The home has a windowed basement that Mr. Rogers, 63 years old, uses as his office. He says he's planning a move to Asia when the home sells.
     
    #19     Mar 24, 2006
  10. mahras2

    mahras2