Skip to main content

"Well, fine. If you don't want to join in the riches of my billion dollar client, that's just fine with me."

  • Author:
  • Updated:

Not a bad twist on the "first in the pool" effect. I mean, really. If you don't have a bunch of billion dollar reference clients, why not just create a few?

The owner of Locke Capital Management Inc., an investment adviser based in Rhode Island and New York, created a bogus billion-dollar client to help persuade investors to entrust money to her firm, regulators said in a lawsuit.

Makes sense to me. Between fake clients, fake trades, fake trade confirms, fake employees, fake pension funds, fake promissory notes, fake appraisals, and fake deaths, we could build an entire economy on fake and keep it running for years!
Oh, wait....
Money Manager Touted Bogus Billion-Dollar Client, SEC Claims [Bloomberg]


Billions Recap: Don't Butter My A$$

Insider trading, and matadors, and dominatrixes, oh my!

Billions Recap: "If You Have Dinner With Me I'll Buy You A Mini Cooper"

Dead double-agents, and third families, and Bro PMs, oh my!

Billions Recap: You're *My* Rapacious Scumbag

Scrumpets and Dingdoodles and Kookoonutties oh my!

Wall Street Recruiters Surprised To Learn Analysts Who Just Graduated College Don't Know How To Structure Multi-Billion Dollar Leveraged Buyouts

No matter! They're recommending them to private equity firms anyway and telling said firms to make these kids an offer ASAP.