Michael Lauer, who was featured in the first edition of Jack Schwaggers "Stock Market Wizards" book has been indicted, along with three others, for fraud. http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/02-19-2008/0004758802&EDATE=
"Stock Market Wizard" charged with fraud
- Thread starter Brandonf
- Start date
We note of course that the defendants will be presumed innocent. Nice scam though - it would make a Nigerian happy.
It's about damn time they issued the indictment! His hedge fund was seized by the Feds nearly five years ago!
http://www.forbes.com/global/2005/1226/096A.html
"Meanwhile, the receiver charged with liquidating his fund has raised $30 million so far--but taken $10 million out of that in fees."
Even the good guy is corrupt? What a crazy world..
http://www.forbes.com/global/2005/1226/096A.html
"Meanwhile, the receiver charged with liquidating his fund has raised $30 million so far--but taken $10 million out of that in fees."
Even the good guy is corrupt? What a crazy world..
