Gambling

  • Can't find any pictures of Tortora so you get this. Doesn't really work with the story because it's the stepson that is evil, not the stepfather, but 6:1, etc. Also, please say "Daddy's home and he's NOT very happy" to yourself and tell me you don't laugh.

    News

    Hundreds Of Thousands In Gambling Losses Not The Most Degenerate-y Line On Ex-Trader’s Resumé

    The 37-year-old Tortora, testifying for the third day in the case against SAC top money man Michael Steinberg, said his big year at now defunct hedge fund Diamondback was 2008, when his compensation hit $2.5 million. He only made $800,000 in 2009 and left the firm that was founded by former SAC portfolio managers early […]

    / Nov 25, 2013 at 4:21 PM
  • Still fine in Vegas obvs.

    News

    Poker Is Gambling Again, FYI

    A while back a federal judge in New York decided that poker wasn’t illegal gambling under federal law, and we discussed it here, and so I feel a certain sense of responsibility to all of the Dealbreaker readers who quit their jobs to start poker rooms. So I should tell you that that decision was […]

    / Aug 6, 2013 at 11:40 AM
  • News

    Where Can I Get Odds On InTrade Winning Its $3.5 Million In Lawsuits?

    Should you have anything left in your InTrade account after letting it ride on Mitt Romney, disbelief in the Higgs boson and Zero Dark Thirty, you have nothing to fear: You’ll get all your money back after the former betting site successfully pursues “two substantial monetary claims against two distinct parties for an aggregate amount […]

    / Apr 8, 2013 at 2:17 PM
  • Wait, this isn't my Intrade account, this is my 401(k).

    News

    Now You Can’t Buy Your Crude Oil Futures In $10 Increments On Intrade

    Like a lot of people I got an email yesterday telling me to close my Intrade account. This will not be a problem for me because: Now I know it looks like I was terrible at predicting the election, but the real explanation is of course that I was astutely predicting the end of Intrade […]

    / Nov 27, 2012 at 11:13 AM
  • JPMorgan Flogging

    Is It Polish Craps? Is It Ukrainian Blackjack?

    Senator Bob Menendez: I listen to this [hearing] and I paraphrase Shakespeare when I ask, a hedge or not a hedge, that is the question. Jamie Dimon: [staring]

    / Jun 13, 2012 at 11:12 AM
  • News

    Former Hedge Funder** Takes His Talents To Vegas

    If we learned one thing from the the financial meltdown it simply is “Don’t Fuck with Quants.” Armed with their designations, degrees and Excel spreadsheets they taught us that if tested, they will bring the global financial system to its knees, so help me God. Perhaps in a quest for redemption for the entire industry, […]

    / Jan 21, 2011 at 3:56 PM

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