Boiler Rooms

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:
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