What a joke.. Anyone can be a 'fund manager' in the best bull market this world will ever see........... Say 'bye' everyone b/c this is the last we'll hear from him unless he attends Columbine HS or VT. Then we might be hearing a lot once it's found out he's been trading his tuition money behind his parent's back.....
14 year old fund manager
- Thread starter Death Note
- Start date
Im not going to bash the kid but does anyone remember the story about the 13 year old kid that hyped penny stocks sent out millions of emails and made a ton then got investigated by the SEC
Speaking of the devil!!!
http://www.traderdaily.com/magazine/article/5439.html
ON FEBRUARY 25, 2001, as the first Internet economy issued its final breath and expired a bloated, diseased wreck, a sullen 16-year-old boy glared out from the cover of the New York Times Magazine, a suddenly convenient scapegoat for every day-trading greenhorn who had dumped his life savings into Webvan or Pets.com. Since September 1999, Jonathan Lebed, a gangly, auburn-haired teenager from Cedar Grove, New Jersey, had banked some $800,000 in illicit trading profits by conning credulous market rubes via the then-novel method of chat-room stock touting. The financial press scribbled eagerly as he recounted how he generated his windfall using only an AOL address, an E-Trade account seeded with a savings bond heâd been given at birth and an easily remembered URL â stock-dogs.com â where he peddled his pink-sheet snake oil. Arthur Levittâs SEC had zeroed in on Lebed when he was just 14, having linked several companies hyped on stock-dogs.com with a separate con artist already under investigation for fraud. The teen soon emerged as the public face of investorsâ Nasdaq hangover, even sitting for an October 2000 60 Minutes profile memorable mainly for Lebedâs goofy earring and the (perhaps calculated) cluelessness of his parents. Though never formally charged, Lebed settled with the SEC for $285,000. He now appears to be trying to milk his adolescent infamy for still greater gain. The self-proclaimed âmost experienced 22-year-old investor in the marketâ maintains a new Web site (lebed.biz) and publishes a newsletter that ranks penny stocks. (âNever invest based solely on information from this Web site or our e-mail alerts,â he helpfully notes.) Repeated attempts to contact him went unanswered. Perhaps, older and surely wiser, tradingâs first former child star now prefers to let his prognostications speak for themselves.
http://www.traderdaily.com/magazine/article/5439.html
ON FEBRUARY 25, 2001, as the first Internet economy issued its final breath and expired a bloated, diseased wreck, a sullen 16-year-old boy glared out from the cover of the New York Times Magazine, a suddenly convenient scapegoat for every day-trading greenhorn who had dumped his life savings into Webvan or Pets.com. Since September 1999, Jonathan Lebed, a gangly, auburn-haired teenager from Cedar Grove, New Jersey, had banked some $800,000 in illicit trading profits by conning credulous market rubes via the then-novel method of chat-room stock touting. The financial press scribbled eagerly as he recounted how he generated his windfall using only an AOL address, an E-Trade account seeded with a savings bond heâd been given at birth and an easily remembered URL â stock-dogs.com â where he peddled his pink-sheet snake oil. Arthur Levittâs SEC had zeroed in on Lebed when he was just 14, having linked several companies hyped on stock-dogs.com with a separate con artist already under investigation for fraud. The teen soon emerged as the public face of investorsâ Nasdaq hangover, even sitting for an October 2000 60 Minutes profile memorable mainly for Lebedâs goofy earring and the (perhaps calculated) cluelessness of his parents. Though never formally charged, Lebed settled with the SEC for $285,000. He now appears to be trying to milk his adolescent infamy for still greater gain. The self-proclaimed âmost experienced 22-year-old investor in the marketâ maintains a new Web site (lebed.biz) and publishes a newsletter that ranks penny stocks. (âNever invest based solely on information from this Web site or our e-mail alerts,â he helpfully notes.) Repeated attempts to contact him went unanswered. Perhaps, older and surely wiser, tradingâs first former child star now prefers to let his prognostications speak for themselves.
Quote from Enfinity:
Speaking of the devil!!!
http://www.traderdaily.com/magazine/article/5439.html
ON FEBRUARY 25, 2001, as the first Internet economy issued its final breath and expired a bloated, diseased wreck, a sullen 16-year-old boy glared out from the cover of the New York Times Magazine, a suddenly convenient scapegoat for every day-trading greenhorn who had dumped his life savings into Webvan or Pets.com. Since September 1999, Jonathan Lebed, a gangly, auburn-haired teenager from Cedar Grove, New Jersey, had banked some $800,000 in illicit trading profits by conning credulous market rubes via the then-novel method of chat-room stock touting. The financial press scribbled eagerly as he recounted how he generated his windfall using only an AOL address, an E-Trade account seeded with a savings bond heâd been given at birth and an easily remembered URL â stock-dogs.com â where he peddled his pink-sheet snake oil. Arthur Levittâs SEC had zeroed in on Lebed when he was just 14, having linked several companies hyped on stock-dogs.com with a separate con artist already under investigation for fraud. The teen soon emerged as the public face of investorsâ Nasdaq hangover, even sitting for an October 2000 60 Minutes profile memorable mainly for Lebedâs goofy earring and the (perhaps calculated) cluelessness of his parents. Though never formally charged, Lebed settled with the SEC for $285,000. He now appears to be trying to milk his adolescent infamy for still greater gain. The self-proclaimed âmost experienced 22-year-old investor in the marketâ maintains a new Web site (lebed.biz) and publishes a newsletter that ranks penny stocks. (âNever invest based solely on information from this Web site or our e-mail alerts,â he helpfully notes.) Repeated attempts to contact him went unanswered. Perhaps, older and surely wiser, tradingâs first former child star now prefers to let his prognostications speak for themselves.
I can't believe someone hasn't paid a visit to his house.