Technically, he could tap on the window of various brokerage shops, gesture for someone, anyone to come over, and then threaten to run them over; he could text brokers he used to work with and tell them they’d better look both ways; but he won’t be doing any of these things in an official capacity. In the meantime, he’ll have to keep his game sharp by threatening to gun it over the waiter who moves at a glacial place bringing him his jack and coke, his neighbor who dares to bring up the matter of Belesis’s toy poodle constantly shitting on everyone else’s lawn, and Oliver Stone, whose movies he’ll now have much more time to appear in but who will make the mistake of asking Belesis to pay for his method acting classes out of his own pocket. Read more »
According to Bloomberg, “dozens brokers from John Thomas Financial have found new employers in New York’s financial district,” following the closing of their homeland, the boiler room founded by Anastasios “Tommy” Belesis, accused of fraud (and threatening to hit someone with this car) this past spring. While other shops receiving the former JTF employees’ resumes discarded them with prejudice, figuring anyone working for a guy threatening to run people over in the street probably issued similar threats of their own, Mark Goldwasser, CEO of National Securities, knew to do so would make George Washington cry and Thomas Jefferson roll over in his grave, telling reporter Zeke Faux, “it’s not true, not fair, and un-American” to assume they engaged in wrongdoing.” Although there’ll presumably be an adjustment period as everyone gets comfortable in their new home, the JTF’ers can take heart knowing Goldwasser holds cold-calling in an even higher regard than their old boss. Read more »
Remember Tommy Belesis? Founder and CEO of preeminent boiler room John Thomas Financial? Breakout star of Wall Street 2: Money Never Sleeps? Mentor to Shia Labeouf? Guy who enforces rules at his shop about not letting junior employees sit down, who has cultivated an atmosphere in which senior brokers rub the balls of a bull every morning for good luck and walk around saying things like “motion creates emotion” without any irony, and who generally gives the impression he proudly displays towels in his guest bath that have been hand-stitched with the phrase “Don’t pitch the bitch,” which he make sure to point out during house tours? This may come as a surprise, as it seems so out of character, but he’s been charged with fraud and intimidation that in one instance involved suggesting an employee ought to look both ways before crossing the street. Read more »
Back in February, FINRA informed John Thomas Financial founder Anastasios “Tommy” Belesis, he of rallies for Wall Street and Wall Street 2: Money Never Sleeps fame, that he “may face disciplinary action on a claim that he artificially inflated the price of a stock,” while the Postreported that the firm was being probed by the FBI and the SEC. According to the firm’s lawyer, Robert Bursky, “There is not a shred of evidence that suggests there is an ongoing inquiry by the FBI,” and if you asked David Pitts, a spokesman for John Thomas, if the brokerage is a boiler room, which Bloomberg did, he’d say it is not (and that, on the contrary, “it helps real companies raise money and provides honest advice to investors”). Regardless of whether or not any of the allegations are true, a few business practices one might want to avoid if questions like “is this place legit” or “is this business entirely modeled after 2000’s Boiler Room” are being raised include: Read more »
A few weeks ago, John Thomas Financial CEO Thomas Belesis demanded respect for a group of people, the denizens of Wall Street, who, while labeled “different” from the rest of society because of their alternative professions, are still human beings who deserve to be treated fairly. Belesi did so by organizing a rally on his firm’s trading floor attended almost exclusively by the people whose desks are there. He mostly spoke in broad terms, since this was the first event of its kind, and the organizers just wanted to get their name and cause out there. But now, let us get down to specifics. Wall Streeters should not be ashamed of what they do, or try to hide it behind closed doors for fear of judgment or backlash. For instance, before JB started JTF, he worked at place where strippers danced regularly on the trading floor, labia rings were sniffed, breasts were used as napkins, and junior employees mopped up their boss’s jizz. But outside the halls of the firm, no one was allowed to talk about it. And not only that, but people actually got in trouble with the law for this sort of thing! And if you’re Thomas Belesis, you’re probably thinkin’ “that ain’t right.”
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