Boiler Rooms, Hedge Funds, News

Boiler-Room Operator Gryphon Financial’s Team Of Hardcore Traders Was Located In One Man’s Body, Also In A Staten Island Strip Mall

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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53 Responses to “Boiler-Room Operator Gryphon Financial’s Team Of Hardcore Traders Was Located In One Man’s Body, Also In A Staten Island Strip Mall”

  1. I'm a Dude says:

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

    • guestapo says:

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

  2. Guest says:

    nice Matt, making fun of mentally ill people.

  3. J. P. Van der Meer says:

    "'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. ShortNaked says:

    Marsh & Wollensky

  5. guest says:

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

  6. Demographic says:

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

    – H.E. Pennypacker

  7. Buzz Killington says:

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

  8. Shawn says:

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

  9. Wilbur aka Pickles says:

    Is he still accepting funds?
    -Harbinger LP

  10. guest says:

    Hakuna Matata

  11. Alt_EST says:

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

  12. The Truth says:

    Kyle Bass really has let himself go

  13. Put_Option says:

    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.

  14. DingALing says:

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

  15. Blow Me Dr. Guest says:

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

  16. Guest says:

    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

  17. Touch Base Later says:

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

  18. Guest says:

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

  19. DingALing says:

    Where the hell is the article on the UBS trader?

  20. Not buying it says:

    "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 ?

  21. Optimus Quant says:

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

    – J. Simons

  22. guest says:

    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.

  23. Bob & Bob says:

    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.

  24. A.F.PMCO.I.M.M. says:

    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.

  25. guestosaurus says:

    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.