He Stole $100 Million From His Clients. Now He’s Living in Luxury on the Côte d’Azur

No industry experience here candidly. So how come fund managers are able to withdraw cash and make merry with client balances?

Who is being corrupt here and how are they able to be such? Never heard that fund administrator was roped in with the fund manager in the "loot the client" type of cases. Its almost always fund manager who becomes a "new bitch" in the jail.

That's like the compliance officer at a chop shop.. lol
 
Good article.

It is really amazing how someone with millions of dollars can not just sit their butt down and live a modest lifestyle.

Guess what? If I had $3Million, guess what I would invest in. Absolutely Nothing!! Trading for me is done. All I would do is sit down and go outside.

The problem is people with large amount of money think they can make more money. It's actually stupid.

There is no sense on earth in investing in anything if you already rich.
 
There is a great system in the US that allows crooked bankrupts to emerge soon after a short jail sentence with millions.
You-know-who according to the web has been bankrupted about 5 times but never went to jail or lost his billions.
Must be a great encouragement to a youngster.
 
Good article.

It is really amazing how someone with millions of dollars can not just sit their butt down and live a modest lifestyle.

Guess what? If I had $3Million, guess what I would invest in. Absolutely Nothing!! Trading for me is done. All I would do is sit down and go outside.

The problem is people with large amount of money think they can make more money. It's actually stupid.

There is no sense on earth in investing in anything if you already rich.

Good luck beeing rich with 3million usd in a saving account and no other source of income.
 
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Good article.

It is really amazing how someone with millions of dollars can not just sit their butt down and live a modest lifestyle.

Guess what? If I had $3Million, guess what I would invest in. Absolutely Nothing!! Trading for me is done. All I would do is sit down and go outside.

The problem is people with large amount of money think they can make more money. It's actually stupid.

There is no sense on earth in investing in anything if you already rich.
Lol...$3 million is not rich where I live.
 
Lol...$3 million is not rich where I live.
Isn't the "rich" number somewhere around 10 million? I heard that on CNBC a while back so the number might have risen due to inflation. Rich is relative though.
 
Good article.

It is really amazing how someone with millions of dollars can not just sit their butt down and live a modest lifestyle.

Guess what? If I had $3Million, guess what I would invest in. Absolutely Nothing!! Trading for me is done. All I would do is sit down and go outside.

The problem is people with large amount of money think they can make more money. It's actually stupid.

There is no sense on earth in investing in anything if you already rich.

You're not understanding that the fact that they made $3 million means they are not happy with sitting around with any amount unless they've become senile. Otherwise they would've stopped at $2 million, why not that amount?

It's not at all stupid of them to expect to make more money. They were successful, why would they not expect the success to continue?

Maybe this is why you haven't made $3 million and perhaps never will? This isn't supposed to be provocative but rather a logical and philosophical exercise.

I assume you could earn 5% annually with very very low risk. That's just 150k per year, not nearly enough to live a worry-free lifestyle and enjoy all the material things in life.
 
`Some reckon the Rothchilds own about half the value of the world's stock markets.
Having build their fortune on a pump and dump philosophy.
 
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