Mark Conway "professional stock Trading" Sentenced to 7 Years in jail

Quote from atticus:

I hope you have some funds left, PTR.

atticus/riskarb
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att/ra:

Everyone, especially other inmates, were absolutely convinced of that. Even when you denied it, they would go yeah, okay sure. Seriously, most people think I was an idiot for not having anything set aside, and they would be right given the consequences.

When I was younger, my parents promised allowances but always forgot, so we would dip into the church envelopes to get it. Yeah, it was stealing. To this day, I look back and say you lost your f***ing mind.
 
Quote from greedytrader:

While you were in jail, the trading industry has undergone a few changes. The money-making method of yours (making up fake trades, fake trading statement, fake profit) is no longer popular. The new ways of making money are:

1. Front-running customers' orders very fast, so fast that it is done in a split second, you need a fast computer and good software (they call it algorithsm in the industry) to do it.

2. Co-location with exchange servers, and see orders before others do, and take actions accordingly. You need to pay the exchanges or be part owners of the exchanges.

3. Get insider information. This is not a new method, but the evolution of it is new. I am still trying to find out how it is evolving, considering some big insider traders are under scrutiny.

4. Get into a dark pool, no regulations there, pretty dark in there.

5. Subpennying. Well, it's a market makers' game. You need to become a market maker to make the easy money.

Again, welcome back! Good luck. Don't get caught.
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Welcome back Mark.

@greedytrader: No, market has not changed - different day, same shit. Brokers even more front running their clients. Short term trading getting even more difficult than before. Even more PhD's than in years of past coming up with ways to scam Joe Bloggs down the street out of his money. And then the HFT (High Frequency Traders) trading what 30, 40, 50% of the daily turn over and when the going gets tough withdraw all their trading so we have a flash crash? Bucketshop galore.
 
Quote from ammo:

what happened
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This thread should be deleted. PFG's CEO and son stole a quarter million from me and my companies after I'd made it and stole another $211.75 million from 24,000 others when the NFA failed to verify funds with forged documentation from US BANK that allowed him to steal billions over the course of his ownership of that company that had even just started to advertise on TV and become mainstream.

I don't care what the purpose of this thread really was, and I also don't care about inmates doing "research" in their cells when there should not be any felons on the site so the premise is this:

Mark is back, after spending 7 years in jail for doing something evil, the man above is spending 50 years in jail and not even a third as bad as Madoff with damage done to the industry I intended to change with that money. So I've got no interest in seeing this thread continue but that's "what happened."
 
Quote from bwolinsky:

This thread should be deleted. PFG's CEO and son stole a quarter mil from me after I'd made it and another $211.75 million from 24,000 others when the NFA failed to verify funds from forged documentation from US BANK that allowed him to steal billions over the course of his ownership of that company that had even just started to advertise on TV and become mainstream.

I don't care what the purpose of this thread really was, and I also don't care about inmates doing "research" in their cells when there should not be any felons on the site so the premise is this:

Mark is back, after spending 7 years in jail for doing something evil, the man above is spending 50 years in jail and not even a third as bad as Madoff with damage done to the industry I intended to change with that money. So I've got no interest in seeing this thread continue but that's "what happened."
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Im really sorry for your loss, i wouldn't even know how to act if i had lost that kind of money. With that said though, and i mean no disrespect to you or anyone else. You might not have any interest in seeing this thread, but you dont speak for the rest of us, i for one am always looking to learn something new. Maybe i can learn a thing or two here. Now, this guy Mark has paid his dues and everyone makes mistakes. He seems to be trying to do the right thing now. So i can respect that. Again, sorry you had to lose that kind of money.
 
Quote from rtiger29:

Im really sorry for your loss, i wouldn't even know how to act if i had lost that kind of money. With that said though, and i mean no disrespect to you or anyone else. You might not have any interest in seeing this thread, but you dont speak for the rest of us, i for one am always looking to learn something new. Maybe i can learn a thing or two here. Now, this guy Mark has paid his dues and everyone makes mistakes. He seems to be trying to do the right thing now. So i can respect that. Again, sorry you had to lose that kind of money.
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Mark Conway has no dues to pay, he's evil. You shouldn't listen or even want to listen to him.
 
Quote from nkhoi:

finally, finally SEC get tough on this kind of criminal activities, either that or he had an incompetent lawyer.
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nobody cares about "criminal" activity except as a source of revenue for a bankrupt government.
as willie sutton, the famous robber of yore, once asked why he robbed banks, replied that's where the money is.
 
You should write a book about your life experiences. It would probably be a good read and generate you some decent income, considering there has been so much commotion and debate about financial fraud.

Good luck.
 
bwolinsky said:
Mark Conway has no dues to pay, he's evil. You shouldn't listen or even want to listen to him.
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It's because you refuse to recognize it in yourself. Step back and read one of your own posts, and be careful not to scare yourself.
 
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