Gee the guy must suck if he can't turn 10k into two million every other year with shallow drawdowns.....
The follow-up to the story is here: http://www.theaustralian.news.com.au/story/0,20867,19270483-5001942,00.html He is out on 1 mill bail after 5 days in jail. Half of the bail was put up by a couple who never even met him... He is continuing the lectures, except cancelling a few because of court restrictions...
============= Right, and people are living longer also; retirement @ age 65 is mainly a big corporate idea, so they can pay the younger trainees much less money Also people that hate thier job/work [ thats most people] retire early .
Who cares if he was arrested for tax evasion. It's not like he was arrested for lying on his training videos. He teaches daytrading. Whatever he is teaching in his books, videos, seminars must be good, because if they weren't, then he wouldn't have made that much money to owe the IRS. People keep buying and buying more.
"Everyone is buying it, so it must be good". Ah yes, argumentum ad populum. It does make the capitalist wheels turn. -segv
What is the update on Larry Williams? Any news articles telling that it was all a misundertanding? Did he go broke and file bankruptcy like all the rest of the stock market book authors? And is that why he didn't pay the IRS their 1.5 mill? Or is it just a misunderstanding? His CPA forget to make out the check? The IRS lose Larry's check?
Larry was scheduled to be executed by firing squad in Sydney at 12:01am Wednesday morning. Apparently the firing squad consisted of 8 nearsighted aborigines who had not fired a rifle in more than a decade. Two accidentally shot themselves trying to load their guns, several gave up after 34 unsuccessful volleys. At approximately 2:12am, one of the remaining aborigines dropped his rifle and it discharged, the bullet striking Larry in the head, killing him instantly. Mr. Williams had been leafing through an issue of "Juggs" magazine at the time of his death. Steve