Tyrone L. Gilliams is the founder TL Gilliams, a "trading firm" located in a suburb of Philadelphia that promises investors returns of 5% a week. But he's also so much more than that. He's a hip-hop promoter. He's a (n alleged) friend of P. Diddy. He's an aspiring reality TV star who hired a team of videographers to follow him around. He's a philanthropist- to the world. If you'd heard of Gilliams years earlier and liked what you saw, you could've become an investor as a way to get close to all that. Unfortunately, TLG may not be actively investing for much longer, as at least one client- David Parlin- has accused him of misappropriating funds for "trips to the Bahamas, outings to Miami nightclubs, shopping sprees at Saks Fifth Avenue and a Cherry Hill, NJ Mercedes Benz dealership" and of running a Ponzi scheme, filing suit against Gilliams on April 13. As recently as February, TLG had registered the "Black Fox Fund" (a planned "$20 million stock-focused fund") and while it's likely the vehicle will have to be put on hold, at least for the time being, take a gander at this phenomenal video Ty-Gill shot to promote his firm's "Joy to the World Fest" and if you think he's someone with whom you'd like to entrust your money, consider getting in touch.
Promotion Watch '12: Citigroup
Contrary to popular belief, not all news is bad news at Citigroup. Yesterday a whole buncha employees were named Managing Directors and while some might say that the only Wall Street promotion news worth reporting is that of Goldman Sachs, Citigroup is a real bank, too, so here ya go: