"Stock Market Wizard" charged with fraud

Discussion in 'Trading' started by Brandonf, Feb 20, 2008.

  1. Brandonf

    Brandonf ET Sponsor

  2. We note of course that the defendants will be presumed innocent. Nice scam though - it would make a Nigerian happy.
     
  3. It's amazing what have you have to do these days to become a stock market wizard.
     
  4. It's about damn time they issued the indictment! His hedge fund was seized by the Feds nearly five years ago!

    http://www.forbes.com/global/2005/1226/096A.html


    "Meanwhile, the receiver charged with liquidating his fund has raised $30 million so far--but taken $10 million out of that in fees."

    Even the good guy is corrupt? What a crazy world..
     
  5. donnap

    donnap

    :p