Boiler Room Guy Said He Was a Former SEC Employee

So, about the 10 dudes who were arrested yesterday for running a boiler room operation in Manhattan that swindled some elderly Florida folks out of $12 million. One of the guys arrested, Steven Kimmel, (no relation to Jimmy) told investors he used to work at the Securities and Exchange Commission. Now, we’re not sure if this is BS or not and the SEC hasn’t commented. We talked to a few veteran SEC folks who said they’d never heard of Kimmel. But the FBI did note it in its press release.

According to the Indictment unsealed today in Manhattan federal court:

KIMMEL is the owner and chief executive officer of a company called Realcast, which is based in Miami, Florida. Realcast was organized in 1999 for the purpose of providing live broadcasting and video on demand over the internet. Beginning in 2000, KIMMEL started selling shares in Realcast to the public and has continued to do so until the present. In various documents issued by Realcast, KIMMEL’s biographical information included the fact that KIMMEL formerly was employed by the Securities and Exchange Commission (“SEC”).

(hidden for your protection)
Show all comments

131 Responses to “Boiler Room Guy Said He Was a Former SEC Employee”

  1. guest says:

    Better frisk him for DVDs filled with tranny porn then!

  2. Anonymous says:

    old investors he was used to work at the Securities and Exchange Commission… seriously, you write for a living

  3. Anonymous says:

    Kouwe how does it feel to know that if you ever want a job again the employer will Google your name and find fraud, plagiarist, and scandal as the primary keywords?

    That must suck…Fuck I’d be a heavy drinker man.

  4. Anonymous says:

    Anyone else notice that Kouwe is actually learning that this site has a humor element? I mean, he used the word “dude” today. Baby steps

  5. Anonymous says:

    I would have to say that is a pretty good likelyhood of being true.

  6. american bandersnatch says:

    @4 – And yet he was hired by Dealbreaker. I suspect it was an April Fool’s Day joke that got out of hand. After all, that was the way the Franco-Prussian War started.

  7. Michaels, Gregory says:

    Kouwe is flogging/blogging out of control. Someone please make him stop.

  8. Anonymous says:

    So? Madoff was the chairman of the NASD!

  9. Anonymous says:

    do you actually know that he didn’t look at porn on the job?

  10. Michaels, Gregory says:

    btw…Kouwe is not a good looking man. I would know.

    -Greg M.

  11. B F deal says:

    With all the real crimes taking place in the office suites this is a no headliner…12 mil is a vacation timeshare for the real thieves at tbtf…

  12. Anonymous says:

    @7 I’ve actually suspected that for sometime as well. Kouwe e-mailed me the other day to tell me he ‘knew’ where I worked and his language usage sounded surprisingly similar to Bess Levin’s. On the e-mail was an iphone number which I googled and was not registered to Zach Kouwe…

    I think Zach is either Bess or someone else on the staff.


  13. Anonymous says:

    the advertisements are out of control

  14. Anonymous says:


  15. Anonymous says:

    SEC?! Yeah, and I used to run an underground casino in my house before a buddy turned me onto being a stock broker after he rolled up with a friend in a sweet yellow Ferrari. Then, next thing I know, I’m selling stocks, getting $2 rips, getting sold out by my girlfriend and getting investigated by the FBI? Is that what you want?! HMM?! Cause this is real!!!

  16. Anonymous says:

    Time for the attorneys to chime in. Writing under someone’s name, especially when he was introduced as THE Kouwe we all know and love seems a bit aggressive even for DealBreaker.

  17. Bess Levin says:

    @13 Obviously 1) we’re two separate people but 2) if he actually did that please email me RIGHT NOW. Thanks

  18. Anonymous says:

    @18 sounds like someone copying option trader’s article suggestion last week when he was talking about kouwe’s response which had his iphone number in it, just sayin’

    guy who likes kouwe’s posts

  19. Anonymous says:

    Are you fucking serious?
    What was the context?

    I’ve engaged in some Kouwe-bashing and sometimes I feel a little bad, but I think the guy is genuinely learning. It must be a weird transition from being a financial journalist at one of the top papers in the world trying to get fact-filled stories out fast to being a humour-finance writer at a cult blog with a very eclectic audience.

  20. Anonymous says:

    @18 I sent over. I don’t want to get anyone in serious trouble though, he sent it in jest. Thanks

  21. Anonymous says:

    @20 Yes. I’m serious.


  22. Canadian Banker says:

    @18/BL: Zach might be leaving early today?

  23. Anonymous says:

    Ruh-Roh, Rastro.

  24. Anonymous says:

    This is like the day Lehman collapsed.

    Except with Kouwe as Dick Fuld.

  25. Anonymous says:


  26. Anonymous says:

    Uh oh KookooKouwe….you about to feel the full force of Bess. Actually, I am kind of envious.

  27. Anonymous says:

    What’s it like getting a stern talking-to/dressing-down by Bess?

  28. Anonymous says:

    I would let Bess beat me with a yardstick.

  29. Anonymous says:

    I’d like to dress down Bess.


  30. NakedShort says:

    Mr. Belding is going to be PISSED preppy.

  31. Anonymous says:

    “On the e-mail was an iphone number”

    how do you know it was an iphone number? do iphone owners actually specify in their email signatures that they have an iphone?

  32. Anonymous says:

    @32 – When you send an email from an iPhone it says “Sent from my iPhone” at the bottom.

  33. Anonymous says:

    Bess, I have been bad too. Scold me!

    Mr. Haliburton

  34. Anonymous says:

    My favourite thing about this turn of events is how the picture Kouwe included in the story accurately describes his career trajectory over the next few days.

  35. Anonymous says:

    furthermore, will the results of googling a cell phone number really tell you to whom the number is registered?

  36. Anonymous says:

    What a dickchicken.

  37. Michaels, Gregory says:

    @everyone: I’ve been berating Kouwe since day one, obviously, under many a different alias. I made some comment the other day and a few comments down “anonymous” posted a response saying something to extent of “fuck you go back to watching the fucking red sox”. While I didn’t take it personally, the only way this person knew I worked in Boston would be that were an administrator on the site and could see my IP address. Stop stealing my identity dealbreak I’m nervoussss!!!!!

    -Chris Brander

  38. Onlooker says:

    Nail…meet coffin.

  39. Anonymous says:

    Stick a fork in him…

  40. Anonymous says:

    The kouwe has hit the fan!

  41. Anonymous says:

    @38 – Go back to watching the fahkin red sawx!

  42. Anonymous says:

    @13 how was your email address obtained?

  43. Anonymous says:

    If you guys are interested in the brief conversation I posted it on imgur…


  44. Anonymous says:

    @32…thinking the same thing, but of course i wouldn’t know because i don’t have an iphone, i have a blackberry like any real business person

    Sent via Iphone by AT&T

  45. Anonymous says:

    This gets better and better. Who knew the plagiarist was an inter-webs sleuth. Then again I guess you have to be smart to hide plagiarism, well, until you’re caught that is …

  46. Anonymous says:

    @45 nice

  47. Anonymous says:

    first rob lowe, now zachery kouwe…

  48. Anonymous says:

    can we get some voting buttons in here? would love to take a vote on kouwe being fired

  49. Anonymous says:

    Kouwe’s mom clearly breastfed him some creamy substance. In other news, Kouwe was raised by two dads.

  50. Anonymous says:

    @44 – feels like a privacy violation. Not cool in the slightest!

  51. Anonymous says:

    @49 – I vote NO (I would miss the hate filled comments on his posts)

  52. Anonymous says:

    I’m in love with love.

  53. Anonymous says:

    Be careful what you wish for. EP could come back and replace CowWii.

    It’s not the same trying to bash EP – she’s armed to the gills and always ready to shoot back, literally.

  54. Anonymous says:

    @50 Michael Taylor and Joey Harris?

  55. Anonymous says:

    I vote to keep the DickChicken!

  56. Anonymous says:

    @54 – I like Equity Private, mainly because she’s an aggro nutcase.

  57. M Gaye says:

    Don’t punish me
    with brutality
    Talk to me
    so you can see
    Oh, what’s going on

  58. Anonymous says:

    @54 – I wish that Kouwe would fire back. It would definetely be very entertaining.

  59. Michaels, Gregory says:

    I vote they re-hire me so I can stop having to use my own tears as lubricant

    -Greg M

  60. Anonymous says:

    Bess – Where is the housekeeping post?

  61. Anonymous says:

    @5 I have noticed that as well … let’s monitor the progression

  62. Anonymous says:

    My very first time reading this website I bashed kouwe because it seemed like the thing to do..

    – a sheep

  63. My Hammy says:

    For the record, I will corroborate that if Mr. Kimmel EVER worked for the SEC it was long ago (like at least 10 years).

    What’s with the Zach trashing here? You boiler room brokers better be working those phones, kids. Can’t you find any deserving penny stocks to sell to your grannies?

  64. Anonymous says:

    I wish Kouwe would fire one on my baby feeders.


  65. Onlooker says:


    So, he didn’t respond when you asked how he got your personal email addy?

    Shady, Shady things going down right hurr!

  66. Canadian Banker says:

    @45 – finally, someone agrees with me.

  67. Anonymous says:

    In Soviet Russia, the phone talks on you.

  68. Anonymous says:

    Hey you fat fuckers, leave Kouwe alone!


  69. Anonymous says:

    if kouwe doesn’t post by 5 I think we can assume he was fired

  70. Anonymous says:


  71. NakedShort says:

    10,171. I am going to give my fingers and palm the pounding of a lifetime when I get home tonight.

  72. Bess Levin says:

    @71 Here is your update: what happened is NOT condoned by Dealbreaker and you can rest assured we’ve taken the necessary steps to ensure it will not be happening again…

  73. Anonymous says:

    oh oh

  74. Goldteef says:

    Kooooowe, what’s up wif dat, what’s up wif dat…

  75. @72 Naked – I’m right there with you, doubled up on my short last night…doh! only to watch the market have the 3rd best day this year.

  76. Mr. Dangerously says:

    Looking at the original story and where the last comment has ended – I can only assume the original tip forwarded onto to dealbreaker was – Johnny and the Mothers are playing “Stompin’ at the Savoy” in Vermont tonight.

  77. guest says:

    @cluz @76 maybe a poor choice of idiom? (NTTAWWT).

  78. Anonymous says:

    1st thing that crossed my mind was wow how did he get 75 comments. It all makes sense now.

    We hardly knew ya

  79. Anonymous says:

    Okay guys, answer me this? NOW is the Kouwe-bashing justified?

  80. Anonymous says:

    Zachery != Zachary

  81. Michaels, Gregory says:

    Bess, can I please have my job back?! (Kouwe, now that you got shit-canned, can we be friends? Call me!)

    -Greg M

  82. Anonymous says:

    Looking back the 1st Kouwe of the morning isn’t ever going to feel the same…

    I guess we should all start looking forwards.

  83. Anonymous says:

    Now Greggums, thats not very nice. My vagiplasty has finally healed and Big Baby Jesus and some friends are coming over.Now be a dear and get that case of magnums for mom, mm’kay hun?

    Momma Michaels

  84. Anonymous says:

    @54 EP’s posts were great. I say bring her back.

  85. guest says:

    I want to work for Bess!

    Hot Hedge Fund Mom

  86. @85 – ms michaels, would you please visit us more often? your musings to gregory keep me quite amused. perhaps you and ms. kouwe could write a letter together.

  87. A Bro says:

    @68 Shutup you Jackoff, before you get iced.

  88. Anonymous says:


    Now Zachie, thats not very nice. My vagiplasty has finally healed and Shariq and some friends are coming over. Now be a dear and get that case of magnums for mom, mm’kay hun?

    Mrs. K.

  89. Anonymous says:

    WhÝ am I logged in as hulk brogan?

  90. Mr. Market says:

    The fact that Kouweria is still listed as a contributor is disheartening. I am starting a pool and paying $1 to the person who guesses the closest hour of departure.

  91. guest says:

    @93 there are a lot of people listed as contributors who no longer work here. just sayin.

  92. Anonymous says:

    Dealbreaker commentariat ruthlessly and continuously abusing a contributor over a period of months until he makes a mistake, and then one of them rats him out and gets him shitcanned?


  93. Death says:

    @95 I don’t think anyone was fired, just got a talking to.

  94. Anonymous says:

    I wish Bessar would ____ my _____. With the lights on.

  95. Anonymous says:

    I miss EP too. I especially miss her Equity Private blog. EP, your sardonic wit and intelligence is wasted at ZH, because your posts are buried under the chaff, which forms most of the posts are ZH. Come back, but make your posts shorter, because some of the guys here can’t absorb anything that takes more than a minute to read – their thoughts have already drifted to sex.

  96. Anonymous says:

    ….mmmmmmm….. sex….

  97. Anonymous says:

    @99 nice


  98. Tai Kouwe Do says:


  99. Tommy Kelly says:

    @77 – you also know this grapevine

  100. Anonymous says:

    @101 et al, speak for yourselves. Point to one good post from her. I mean, who brought you wideclops? And the term “noted hooker fucker”? Or the ladyboy known as Dick Bove?
    I’d rather have Greggums (and even Kouwe) just for the posts about their mothers and threats from Jeff Macke.

  101. Anonymous says:

    These comments are ridiculous, if you don’t like Kouwe’s posts then just ignore them, skip to Levin’s posts. Everyone is just wasting their own time with all their e-rage. I wouldn’t be surprised if some are trying to frame Kouwe.

  102. anon says:

    @104 these comments are ridiculous, really? how would you like it if it someone (let’s call him zach kouwe) were abusing his position (by pulling up your personal info) and threatening to expose where you worked/potentially get you fired? also “I wouldn’t be surprised if some are trying to frame Kouwe”? that would have more weight if kouwe wasn’t a person with a track record of serious ethical lapses.

  103. Anonymous says:

    believe it or not kouwe closely approximates the word kooway, Thai slang for dick. variations include na kooway, dickface; hua kooway, dickhead etc ..

  104. Anonymous says:

    @103 I am speaking for myself. There is only one BL. But the blog needs other contributors. Others like, or don’t mind EP’s posts but you don’t like them. Speak for yourself. Can’t please everyone. Some posters here have taken umbrage at BL – should we listen to their opinion too?

    You wouldn’t be Biff Ba$$ness’s evil twin would you?

  105. Anonymous says:

    @107 what aren’t you getting? the people on this thread are not commenting on the quality of kouwe’s posts, we’re talking about his flagrant disregard for privacy and threatening readers. read from comment 13 on if you don’t know what I’m talking about.

  106. Anonymous says:

    Not excusing unsatisfactory behavior but making a mountain out of a molehill is no better.

  107. american bandersnatch says:

    @109 – I do think it crosses a line when Zach sends unsolicited emails to posters (which I can bear witness too although in my instance it was entirely harmless). Many of us work at shops where unapproved communication with media outlets quickly leads to termination.

  108. NakedShort says:

    ELE….everyone love everyone

  109. Anonymous says:


    Kouwe called him names. Called him names!
    But Dave was there. Dave’s a killer!

  110. Anonymous says:

    Sorry AB. Meant that for @108

  111. Player Coach Reg Dunlap says:

    @112 Dave’s a mess

  112. Anonymous says:

    kouwe your mother is a bitch

  113. That has to be the worst blog post, ever. It’s garbage. It’s trash. It’s not even worthy of being called a blog post. No wonder they dismissed this fellow.

  114. Kimmelsucks says:

    Kimmel is a scum bag and is getting what he deserves. Karma has finally comes his way!

  115. Kimmelsucks says:

    The Feds should also look into VideoNet and Videophone, same scam different mobsters.

  116. Kimmelsucks says:

    The Feds should also look into VideoNet and Videophone, same scam different mobsters.

  117. Kimmelsucks says:

    The Feds should also look into VideoNet and Videophone, same scam different mobsters.

  118. Kimmelsucks says:

    I bet he is crying like a baby in the big house, he won’t last a year. The guy is the biggest fag in Miami. I feel bad for his wife Ella though, she was dupped by the scum bag as well.

  119. Kimmelsucks says:

    I bet he is crying like a baby in the big house, he won’t last a year. The guy is the biggest fag in Miami. I feel bad for his wife Ella though, she was dupped by the scum bag as well.

  120. Kimmelsucks says:

    I bet he is crying like a baby in the big house, he won’t last a year. The guy is the biggest fag in Miami. I feel bad for his wife Ella though, she was dupped by the scum bag as well.

  121. Scammedbyvideonet says:

    I remember Steve Kimmel, he commited the same fraud while running VideoNet! Finally he is getting his due!!!! Wow, I’m going to spread this around and see if some of those scammed investors come out of the woodwork. This is too funny!

  122. SEC says:

    Kimmel never worked for the SEC, I remember when he was arrested for check fraud years ago in D.C., LOL, he was a slum lord in D.C., LOL I can’t imagine people would really think a dude like that was a former SEC employee, LOL, LOL, LOL…

  123. Kimmelsandbits says:

    That Kimmel guy has screwed a lot more people than just his investors over the last 10 years. Delve into his past with VideoNet and Videophone Corporation he did the same or worse to those people. He did the same thing then but I think the statue has run out. Same pump and dump, same 50% going to the gangster boiler room in NYC (not the same group though), etc. This one involved a retired air force general name Richard Pryor (no relation to the comedian), some crazy Russians that sent hoods to hang him over his 15th floor balcony in Bal Harbor.
    and a Hodge podge of small time criminals, mobsters and more.

    Look it up, it started in Miami (at that time they were located at 5401 Collins Ave., in Miami Beach, and then moved the company to Dallas, TX.).

    I hope they can widen this story a little, and hopefully increase his time. I don’t know why the FBI hasn’t looked into this, I’m sure they can see his previously registered companies.

  124. Kimmelthedirtbag says:

    Come on Feds Steve D. Kimmel has done this before. Open these links already and read for yourself:

    My goodness you couldn’t look into these and build your other case at the same time? Same scam, same victims, different broker dealers. This wasn’t boiler room this was “Boiler Plate”.

    Let’s show that this is a consistent pattern of felonious behavior not a onetime indiscretion! You guys know that a proven pattern will strengthen your case; limit is possibility of getting a deal, as well as weigh on the mind of the judge during sentencing. This guy has hurt so many people over the years, isn’t it time to give him a little bit of justice.

  125. Teribuhl says:

    Kouwe has his own website now:

  126. Jailbreak says:

    I enjoyed your useful blog. topnotch information. I hope you produce others. I will carry on subscribing

  127. I was trying to find this weblog very last three or more days and nights good website operator good posts everything is amazing

  128. Some kind of vine tattoo? Fiddleheads? Some kind of foliage.