Tags: corrections, diamond-encrusted Mercedes Benzes, press releases, Prince Alwaleed
Here a list of things Prince Alwaleed has no problem being associated with:
Those are all fine. None of those things prompt the prince to make an angry late-night call to his PR person, telling him/her to pull up the company letterhead and fire off a missive to the universe clarifying that this man of exquisite taste would not deign to own what we assume he would describe as the “tacky piece of shit” pictured here: Read more »
Tags: bitcoins, corrections, Joe Lewis, not Joe Louis, Wall Street Journal, whoops
“Famed Trader” Joe Lewis was briefly a major backer—to the tune of $200 million—of the digital currency, except that he wasn’t. Read more »
Tags: "Steve Cohen's House is 35000 square feet" written out on the blackboard 100 times would be a good place to start, corrections, SAC Capital, square footage, Steve Cohen, the rink alone is 5k
Get out your yardsticks.
As you may have heard, things have not been going tremendously well for Steve Cohen of late. Two days before Thanksgiving, the government went public with its case against a former SAC Capital employee, Mathew Martoma, who it accused of masterminding the largest insider trading scheme ever. Cohen was neither charged nor mentioned by name in the criminal complaint, but he did make an appearance playing the role of “Portfolio Manager A,” a part we have previously mentioned one does not want to portray, if it can be avoided. Then on Wednesday, it was disclosed that SAC had received a Wells notice, indicative of the SEC’s plan to sue the fund and if that wasn’t enough, sources also claimed investigators are considering naming Cohen personally in the suit, to boot. So things are not exactly going his way right now and what he could really use is a break. The government dropping all charges against Martoma and publicly stating it will stay out of the Big Guy’s business forever starting right this second seems out of the question but even some small act of kindness would probably help. Allowing him to pass you on 95. Telling him he looks nice today. Asking, “Have you been working out?” Sending him humorous YouTube videos with a sweet note like, “Hang in there, bud. You’re in my thoughts…”
On the flip side, you know what he doesn’t need? Wildly libelous claims that it’s going to take a lot more than a “Correction” to forgive. Read more »
Tags: corrections, dances of celebration, Dominique Strauss-Kahn, I knew it!!!
The article entitled “What Really Happened to Strauss-Kahn,” by Edward Jay Epstein, which appeared in our December 22, 2011, issue, contained a description of what “looked like” a “dance of celebration” by two employees of the Hotel Sofitel in New York City at approximately 1:35 PM on the day that Dominique Strauss-Kahn was arrested in connection with an alleged sexual assault. Security camera recordings have established that the episode, as described, lasted approximately thirteen seconds, not the three minutes mentioned in the article. [NY Review of Books via GW]
Tags: corrections, do you see the distinction?, FYIs, Jon Corzine, MF Global, walk it back
“Corrections & Amplifications MF Global acknowledged to federal regulators that it had diverted funds out of customer accounts, and a federal official said the move is possibly in violation of the law. An earlier version of this article incorrectly implied that MF Global had admitted the move violated the law.” [WSJ]
Tags: corrections, FrontPoint, Steve Eisman
Earlier today, it was suggested that Steve Eisman was “weighing” leaving FrontPoint Partners, after he told the Journal, “At this point in my career, I want to have more control over my destiny.” Apparently the speculation was way off base, forcing Steve-o to clarify his statement. Read more »