DoJ, SEC Charge Utah Ponzi Schemer, Who Blames Obama. Thanks, Obama – ValueWalk Premium
Insider Trading Insider Traders
01Apr2016

DoJ, SEC Charge Utah Ponzi Schemer, Who Blames Obama. Thanks, Obama

An alleged Utah Ponzi schemer, charged by the U.S. Department of Justice and Securities and Exchange Commission with fraud associated with investments in “top secret” Iraqi currency and oil contracts, has agreed to pay $1.7 million in criminal restitution and serve 36 months in prison. When confronted by investors regarding their James Bond-like investment scheme, the fraudsters blamed President Obama for investment losses . . .

SORRY!

This content is exclusively for paying members.

If you are subscribed and having an account error please clear cache and cookies if that does not work email [email protected] or click Chat.

Author

Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.

Related Posts

Arquitos Capital Management NOLs

Arquitos Capital – Letter To Sitestar Shareholders

13 May, 2021

In the Arquitos Capital Partners 2015 investor letter, I mentioned that I had been appointed as the interim CEO of Sitestar (SYTE), a small public company in which the... Read More

David Winters Wintergreen Funds

David Winters Vindicated As Coke Earnings, Growth Flat?

13 May, 2021

David Winters, CEO of hedge fund Wintergreen Advisers, was handed a moral victory after his battle to oppose an enhanced pay package for The Coca-Cola Company (NYSE:KO) executives received... Read More

Pimco Bill Gross Janus Capital

Gross Gives Parting Shot As Palace Coup Approached

13 May, 2021

As the loud footsteps of the palace guard approach, swords being pulled from their scabbard, Bill Gross new the end was near.  When he made the discovery that a... Read More

Value And Quality Income Stocks

SocGen’s Investment Screens Show Lack of Value, Quality Income Stocks

13 May, 2021

SocGen’s developed market quantitative screens cover a universe of global stocks having a market cap of $100M or more and excludes financials. SocGen analysts Andrew Lapthorne, Rui Antunes, John Carson,... Read More

correlation liquidity and hedge fund returns

Institutional Allocation To Hedge Funds, Alpha, And Bull Markets

13 May, 2021

Hedge funds were overshadowed by equities in 2013, but now that there is a dearth of cheap stocks and fixed income still looks unattractive, it may be time to... Read More

Crypto

Crypto ETF Outflows Drop 97% as ‘Get-Me-Out’ Rush Eases

20 October, 2022

The money flowing out of crypto-related funds in the third quarter has slowed down, a sign that many bearish investors may have already piled out of the risky asset... Read More

Will The Taper Speed Surprise Markets?

31 January, 2018

2018 is set to be a landmark year for central banks. For the first time since the financial crisis, the world's three leading central banks, the Federal Reserve, Bank... Read More

Facebook (FB) Gets Sell Rating From BMO, 16 Other Firms Remain ‘Silent’

13 May, 2021

Of all of the reports released today, the first day after the Facebook Inc (NASDAQ:FB) quiet period, just one of the many reports gave Facebook Inc (NASDAQ:FB) a negative rating.Most... Read More

Bretton Fund

Bretton Fund: Ross Stores – A Short Case Study

21 October, 2014

October 21, 2014 Dear Fellow Shareholders: The Bretton Fund's net asset value per share (NAV) as of September 30, 2014, was $24.07. The total return for the fund for the third... Read More

Two Takeaways From Montier’s Attack On Shareholder Value Maximization

13 May, 2021

The near constant refrain from activist investors is that they’re just working to maximize shareholder value, an objective that many of us take for granted even if we don’t... Read More

Exclusive Database On The Hedge Fund Industry.

  • The top resource for hedge fund letters since 2011.
  • Read by the top value investors around the world.
  • Institutional information at retail prices.
  • Learn how the best invest.
X
Saved Articles
X
TextTExtLInkTextTExtLInk
Subscribe Now