This is his story. Read more »
always with the three names
Imagine, if you will, that you are a stock-picking robot. You’ve put in the time, come up through the trenches, and have finally started to garner the respect you deserve. Investors are flocking to your fund, begging to put in as much money as you’ll let them. People were wary at first, not sure what to make of your style, but you’ve finally proved to them you’re the real deal. Life is good. Then some two-bit hacks come along and threaten to destroy everything you’ve worked for, sullying the reputation of legitimate stock-picking robots with the one they used as a front for their scam.
Starting at the age of sixteen, the defendants, twin brothers Alexander John Hunter and Thomas Edward Hunter, developed an elaborate scheme to manipulate the prices of penny stocks at the expense of unwitting investors. The Hunters concocted and hyped the tale of a “stock picking robot” named “Marl” that they claimed could identify penny stocks that were poised to appreciate sharply in value. In their email newsletters and websites (doublingstocks.com and daytradingrobot.com), the defendants represented that the “robot” was a highly sophisticated computer trading program and the product of extensive research and development. The defendants’ story was persuasive. Approximately 75,000 investors, the vast majority of whom lived in the United States, paid at least $1,200,000 for annual subscriptions to the Doubling Stocks newsletter and copies of the robot software. In reality, the “stock picking robot” was a work of fiction.
Did “Marl” come up with brilliant investment ideas based on painstaking research, meetings with management, and complex analysis? No, in fact he did not. Read more »
Financial Services Employee Who Inserted His DNA Into A Colleague’s Water Bottle Ordered To Pay $13,500 Per ShotBy Bess Levin
It probably wouldn’t be too out of bounds to say that at least a handful of you have considered jerking off in a coworker’s water bottle. Conservatively. As prudent risk managers however, you’ve held off until you could quantify how much non-reward you would be getting with each unit of risk. Finally, and not a moment too soon for some, we got answers. Read more »
Wachovia Employee Admits To Convincing Clients To Put $14.1 Million In Wealth Management Fund Bank Didn’t Actually OfferBy Bess Levin
Like most people who do these sorts of things, Linda Speaks Tribby had a good excuse, which is that she needed the money to buy a helicopter and a motor home, two purchases that seem slightly at odds but the heart wants what it wants. Read more »
Remember Michael Kevin Lallana? Name not ringing a bell? Okay try this: remember the Northwestern Mutual Investment Services employee who last January allegedly somehow got his jizz in a bottle, left it on a colleague’s desk where she drank it, got sick, and threw it out? And then a couple months later, allegedly released more “material” in the same lady’s drink, which she again drank, but this time paused to ask herself, “Am I crazy, or does this water have semen in it,” before sending it off to a lab to verify her suspicions? He was found guilty yesterday and today, we finally have some clarity on why he did it and how his victim found out.
First off, the discovery of the crime. The first time it happened, MKL’s coworker (identified only as “Tiffany G”) unknowingly took a swig and tasted what she “believed” to be semen but wasn’t sure. “I had a hunch that’s what it was, but I wouldn’t dream in a million years that’s what it was,” she said. The second time she decided to test her theory. After finding what appeared to be yet another bottle of water laced with semen, Tiffany took the evidence in question home and ran an experiment, wherein she “asked her fiancee to put his semen in a separate water bottle to see if that’s what she had tasted at work.” After testing the new sample and comparing it to the other one, she determined it was. Read more »
Financial Services Employee Who Didn’t Know There Were Rules Against Putting Your DNA In A Co-Worker’s Water Bottle Pleads Not GuiltyBy Bess Levin
Remember Michael Kevin Lallana? Name not ringing a bell? Okay try this: remember the Northwestern Mutual Investment Services employee who in January allegedly somehow got his jizz in a bottle, left it on a colleague’s desk where she drank it, got sick, and threw it out? And then a couple months later, allegedly released more “material” in the same lady’s drink, which she again drank, but this time paused to ask herself, “Am I crazy, or does this water have semen in it,” before sending it off to a lab to verify her suspicions? He’s pleaded not guilty to six misdemeanors. Read more »
Financial Services Rep Not Aware Putting His DNA In Co-Worker’s Water Was Something His Office Frowned UponBy Bess Levin
These days, if you work on Wall Street and want to let people know that underneath that button down shirt and black pants beats the heart of an absolute freak, you’ve got to step up your game. If you’re going to get your name out there, it’s not enough to simply sexually assault a female colleague– you’ve got to manhandle her breasts with your feet. It’s not enough to sodomize an underling, you’ve also got to piss in his mouth. And if you’re going to “release an offensive material in a public space”– in this case, the material your semen– that space must be your co-worker’s water bottle. Twice. Michael Kevin Lallana knows what we’re talking about. Read more »