Please read this: Could my Friend go to Jail

Quote from traderNik:

lurefo, nice job in thsi thread. Busting these wankers is fun, especially when they don't get it and continue to thrash about about with the hook in their mouths. In this case, it looks like lasner is actually involved in a fraud, which will probably interest the authorities if someone is persistent enough to point this out to the SEC. They have a whole new take on things like this.
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Dude....how fucking stupid are you. I don't get it. I came on here and asked a simple question. You're a bonafide idiot
 
Quote from romik:

Lies=a con

He will join Madoff
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oooh... Madoff with that weird smile on his face, imagine he's your cell mate.. and he's sitting there staring at you with that creepy smile, and his eyes are watering....
 
Quote from lasner:

Alright I have a friend who is young 27 and is already on his third hedge fund.

He is pretty advanced for his age got an MBA by the time he was 22....won numerous trading competitions in his teenage years. Has the mind more of like a 40 year old.

With his last hedge fund he raised 30 million dollars and lost almost all of it....brought it down to about 2 million. During the period of raising the money he lied. Within his marketing material he claimed to have won competitions that he didn't and slightly lied about his track record.

He lost almost all of his investors money my question is how much trouble can he get into if the SEC investigates him. Could he possibly go to jail.
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During the period of raising the money he lied. Within his marketing material he claimed to have won competitions that he didn't and slightly lied about his track record.

 
Quote from swtrader:

During the period of raising the money he lied. Within his marketing material he claimed to have won competitions that he didn't and slightly lied about his track record.
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Yeah that's what was rumored...the guy seems to lie a lot.
 
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