Head trader and Wharton grad

Remember Gryphon Financial, the boiler room scam operated by Kenneth Marsh that claimed to have a “hardcore business” run by a ten-man trading desk who “beat up hedge funds” together and of whom no less than George Soros supposedly said “Alone, the Gryphon Financial are incredible, together they are unstoppable”? Much of that turned out not to be true in the strict sense of “occurring in physical reality.” But as Marsh’s lawyers have explained in court, Gryphon’s advertised team-based approach was not entirely fake, either, insofar as a whole roster of personalities inhabited Marsh’s mind:

“There was Mr. Marsh…there was Little Kenny. Fred was the bad guy,” Maurice Preter, a Columbia University psychiatry professor testified in the case.

Similarly, while the actual George Soros didn’t actually have much to say about Gryphon Financial, alone or together, the Hungarian-accented voice inside Marsh’s head was only too happy to provide both trade recommendations and ad copy. As was Barrington Q.X. Pennywhistle V, CFA:

To populate his imaginary world, Marsh dreamed up friends who hailed from a social orbit he aspired to inhabit.

“He sort of created for himself a world of important men, anyone from George Soros to all of these bizarre names of powerful waspy fifth generation luminaries in his field, which is finance investing,” Preter, the psychiatrist, said.

The saddest irony of all, though, is that in some ways Marsh actually might have fit in quite well on a real trading floor:

“He’s a husky 44-year old with tattoos, but he’s basically a four-year-old boy in arrested development,” Preter said.

SI man accused of securities fraud reconsiders plea deal (NYP)

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Comments (53)

  1. Posted by I'm a Dude | September 15, 2011 at 10:50 AM

    this does not sound like Matt's writing. maybe Bess is working from the beach

  2. Posted by Guest | September 15, 2011 at 10:53 AM

    nice Matt, making fun of mentally ill people.

  3. Posted by J. P. Van der Meer | September 15, 2011 at 10:56 AM

    "'He sort of created for himself a world of important men, anyone from George Soros to all of these bizarre names of powerful waspy fifth generation luminaries in his field, which is finance investing,' Preter, the psychiatrist, said."

    Wow, that's bizarre.

    - Johannes P. Van der Meer IV, Esq.

  4. Posted by PermaGuestII | September 15, 2011 at 10:58 AM

    No kidding, right?

    -Clark Rockefeller

  5. Posted by ShortNaked | September 15, 2011 at 11:03 AM

    Marsh & Wollensky

  6. Posted by RichardCripples | September 15, 2011 at 11:06 AM

    What is wrong with white people?

    - Malcolm XI

  7. Posted by guest | September 15, 2011 at 11:08 AM

    That guy looks EXACTLY how I pictured him in my mind.

  8. Posted by Guest | September 15, 2011 at 11:16 AM

    I'm pretty sure this guy was an extra on the Sopranos.

  9. Posted by Demographic | September 15, 2011 at 11:16 AM

    I'm a wealthy industrialist, philanthropist and bicyclist and can vouch for Mr. Marsh

    - H.E. Pennypacker

  10. Posted by Buzz Killington | September 15, 2011 at 11:21 AM

    Now, who would like to hear a good story, about a bridge?

  11. Posted by Hm. | September 15, 2011 at 11:21 AM

    I had a dream that I lost my job, my home, Penelope to this awful negro!

    -Louis Winthorpe I

  12. Posted by Shawn | September 15, 2011 at 11:21 AM

    Three floors in the Lipstick Building > Staten Island Strip Mall > London UBS Office.

  13. Posted by Wilbur aka Pickles | September 15, 2011 at 11:30 AM

    Is he still accepting funds?
    -Harbinger LP

  14. Posted by guest | September 15, 2011 at 11:31 AM

    Hakuna Matata

  15. Posted by Hm. | September 15, 2011 at 11:36 AM

    Phil, you and the other pig still owe me for my piano performance in Central Park this past Friday.

    Wilbur

  16. Posted by Alt_EST | September 15, 2011 at 11:54 AM

    Barrington Q.X. Pennywhistle V, CFA > Real Guy, MBA

  17. Posted by The Truth | September 15, 2011 at 11:56 AM

    Kyle Bass really has let himself go

  18. Posted by Put_Option | September 15, 2011 at 12:02 PM

    Tiger Quantum Shaw LP is managed by Alpha-holic Julian George Shaw VI CFA, CPA, MBA, Esquire. He doesn't just manage the Greeks. He owns the Greeks. Delta hedge this fat tail you homos! Our goal is to exploit Soprano tracksuit equity markets while achieving absolute returns for our investors. Notable institutional investors include Abraham Lincoln Family Office, Dunder Mifflin Employee Pensions, and Churchill Schwartz Offshore Fund II. Management fees are competitive at 10% of AUMs and 20% performance fees. Securities offered through J.T. Marlin Member FINRA/SIPC.

  19. Posted by DingALing | September 15, 2011 at 12:07 PM

    Who cares, where’s the latest UBS trading story?

  20. Posted by Blow Me Dr. Guest | September 15, 2011 at 12:11 PM

    Listen you Staten Island Guinea wanna-be motherfucker: remain insane or we'll bury you on the plain.

  21. Posted by PermaGuestII | September 15, 2011 at 12:17 PM

    Hey!

    -Donald R. McLennan

  22. Posted by Guest | September 15, 2011 at 12:18 PM

    Nice burn Dr. Seuss

  23. Posted by guest | September 15, 2011 at 12:24 PM

    Soros & Wollensky

  24. Posted by whowhawhen | September 15, 2011 at 12:32 PM

    That guy's from Staten Island? No fuckin' way

  25. Posted by Guest | September 15, 2011 at 12:34 PM

    Don't you mean, fullonrapist

  26. Posted by Guest | September 15, 2011 at 12:45 PM

    Matt. It's almost 1 pm and you have done one fucking post.

    Is it Bess that's on vacation or just you?

    -Dealbreaker Boss

  27. Posted by Touch Base Later | September 15, 2011 at 12:46 PM

    One post in four hours. Levine – can you please do your job so we can stop doing ours.

  28. Posted by Guest | September 15, 2011 at 12:51 PM

    Marsh had once told me that he had been courting Muffie Benson-Perella…. I should have known better!

  29. Posted by Texashedge | September 15, 2011 at 12:53 PM

    The sloping forehead and double-chin say guido primate, but the Adidas track suit says guido primate.

  30. Posted by DingALing | September 15, 2011 at 1:01 PM

    Where the hell is the article on the UBS trader?

  31. Posted by Not buying it | September 15, 2011 at 1:02 PM

    "The Gryphon is a fictional character devised by Lewis Carroll in the popular book Alice's Adventures in Wonderland."

    Names like Founders trust funds or Capital Securities were already taken ?

  32. Posted by Optimus Quant | September 15, 2011 at 1:39 PM

    Starting off in a strip mall isn't the only thing you need to do to end up like me.

    - J. Simons

  33. Posted by guest | September 15, 2011 at 1:51 PM

    I´m sorry to inform but Matt just died in a car accident. We will give more info about the funeral in a few moments.

  34. Posted by Abe_Froman_ | September 15, 2011 at 1:54 PM

    Also 2:00 and we still haven't seen the Thursday PMCO avatar

  35. Posted by Cut Me | September 15, 2011 at 2:01 PM

    Shhhh! You'll make PMCO wet with talk like this.

  36. Posted by Whats your point? | September 15, 2011 at 2:02 PM

    Are you under the impression that Lewis Carroll invented the creature?

  37. Posted by Bob & Bob | September 15, 2011 at 2:03 PM

    One article Matt?

    So what is it that you do around here exactly?

    -Guy who is totally going to tell Bess how lazy some people were while she was gone. You just wait.

  38. Posted by Guest | September 15, 2011 at 2:03 PM

    Don't listen to a word this man says, he's a crook. ____Kel Varnsen____

  39. Posted by A.F.PMCO.I.M.M. | September 15, 2011 at 2:06 PM

    Damnit! If there's not a new article here in 10 min, I'm going to go Delta 1 Force Trading (aka Chuck Norris) on this place.

  40. Posted by Louis Winthorpe III | September 15, 2011 at 2:08 PM

    He was wearing my Tottenville High School tie! Can you believe it? My Tottenville High School tie. Like, oh, sure, he went to Tottenville High School.

  41. Posted by guestosaurus | September 15, 2011 at 2:10 PM

    the above > Buckley T Ratchford, GS-SD

    I honestly didn't think you can out-wasp old boy Buck.

  42. Posted by FKApmco | September 15, 2011 at 2:27 PM

    You have no idea how wrong you are. Does he Perma?

  43. Posted by FKApmco | September 15, 2011 at 2:29 PM

    Here it is just for you. FYI, it's been up on yesterday's write-offs comments since early this morning.

    PS. Thanks for the other night. You were spectacular.

  44. Posted by PermaGuestII | September 15, 2011 at 3:16 PM

    "…forgive them; for they know not what they do."

  45. Posted by Abe_Froman_ | September 15, 2011 at 3:25 PM

    I aim to please, let me know when you want to do it again

  46. Posted by Tobias Funke | September 15, 2011 at 3:29 PM

    I was the worlds first Analrypist

  47. Posted by None | September 15, 2011 at 3:55 PM

    Not allowed to because he's an african-swiss

  48. Posted by guestapo | September 15, 2011 at 3:59 PM

    Yeah, it sounds like Bess's style/all the other posts she did about Gryphon…maybe try not riding her coattails dude?

  49. Posted by guestosaurus | September 15, 2011 at 4:03 PM

    Just come across this, couldn't help cracking up: http://www.ripoffreport.com/investment-brokers/gr

    Speaking with the CEO because you're willing to commit entire $5K … something about killing it.

  50. Posted by wahoo | September 15, 2011 at 4:46 PM

    This guy was a head trader and wharton grad? I thought all wharton grads trade stuff for head.

    - not mentally ill. well, maybe.

  51. Posted by inlovewithpmco | September 15, 2011 at 5:14 PM

    no clue

  52. Posted by Guest | September 15, 2011 at 6:22 PM

    the first Analyst-Therapist

  53. Posted by UBS Controller | September 15, 2011 at 11:21 PM

    I looked at the joke and it looked fine to me