Steven Kimmel

  • 10 Jun 2010 at 1:17 PM

Boiler Room Guy Said He Was a Former SEC Employee

So, about the 10 dudes who were arrested yesterday for running a boiler room operation in Manhattan that swindled some elderly Florida folks out of $12 million. One of the guys arrested, Steven Kimmel, (no relation to Jimmy) told investors he used to work at the Securities and Exchange Commission. Now, we’re not sure if this is BS or not and the SEC hasn’t commented. We talked to a few veteran SEC folks who said they’d never heard of Kimmel. But the FBI did note it in its press release. Read more »