If you were going to try and extort money Bear Stears alum, how would you do it? Would you call him at his new job and talk trash about his wife? Would you call his house and tell his wife he was running around on her with another woman? Would you call his mother-in-law in New Jersey and breathe heavily into the phone? Or would you bring out the big guns and start sending pizzas, sometimes 20 at a time, to his home in New Canaan, as a sign you really meant business? Donato Anthony Minicozzi chose all of the above. Read more »
always with the three names
Among the many reasons typically cited by hedge fund managers who choose to run their business out of Connecticut instead of New York are: 1. The room to stretch their shit out 2. Proximity to the Long Island Sound 3. Convenience for those already living in the area. Some probably also believe that the Fairfield County is slightly safer than New York City. That you’re not going to get jumped walking out of the office or beaten with a tire iron because you messed with someone’s man or woman. OR WILL YOU? Read more »
Nassim Nicholas Taleb Became The Chiseled Adonis You See Before You Through A Strict Regimen Of Picking Up Rocks And Lying In Bed For Two YearsBy Bess Levin
Have you ever gazed upon classical Greek philosopher Nassim Nicholas Taleb and thought to yourself, “That man has a body from the gods. I could never hope to match him in brains, but what about brawn? If only I could obtain the details of his diet and fitness regimen”? Well, friends, today is your lucky day. Despite still being on his second tour of self-imposed quiet time, Taleb granted several interviews to publications reviewing his new book, “Antifragile: Things That Gain From Disorder,” and, naturally, the topic of his physique came up, specifically the various ways he keeps it in such enviable shape. (He also touches on the exercises that led to him having a brain three times the size of the typical astrophysicist, though please note that these should be appreciated but not be attempted by average humans, who could hurt themselves quite badly.) Read more »
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 »
If you’ve been wondering lately whether or not you’d actually go to jail for putting semen- your own or otherwise- into the water bottle of an unsuspecting coworker, but felt weird about asking and didn’t want to arouse suspicion, wonder no longer. 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, as well as performing a blind taste test at home using a sample obtained from her fiancee? He pleaded guilty in February and was sentenced last week to time in jail, among other things. Read more »