April 21, 2012, Multiply, 16 yr old twind defraud US investore.

16 year old twins defraud US investors out of millions.

Apr 21, '12 12:38 PM for everyone

http://uk.news.yahoo.com/uk-twins-charged-stock-fraud-020121337.html

Am I the only one who finds this mildly amusing?...............
A pair of 16 year old lads, twins in fact,  from Newcastle on Tyne, set up an online scam and defrauded American investors, including stock promoters, of an estimated 1.2 million U S dollars, plus at least an additional 1.86 million US dollars in fees from stock promoters, for their stock touting services.
I don’t know where these lads went to school, but where ever it was a whole lot of learning obviously took place. I mean, I can’t help thinking that those who deal and stocks etc, are pretty dumb, or the whole system is total crap, or the lads are pure genius.

Prev: Song saturday...........music from France
Next: Art Sunday; Herve Loilier, French contemporary painter

reply edit delete

5 Comments

Add a Comment

delete reply aaranaardvark wrote on Apr 21 Its hilarious, I commented on this story myself when it appeared on Yahoo News

edit delete reply forgetmenot525 wrote on Apr 21 bennett1 said It is amusing. lol.. yep, I thought so.........

delete reply brendainmad wrote on Apr 21 I seriously doubt they learned any of this at school, so I'm guessing your your last sentence is probably a good explanation for how something like this can happen.

delete reply bennett1 wrote on Apr 21 It is amusing. And it they are only remarkable because they got caught. Unless I read the article wrong, they served no jail time, nor will they. They took advantage of people's greed and more or less won.

delete reply rabbitfriendhere wrote on Apr 21 The whole systems speaks of dishonesty and money grubbing. It's a learned thing! The stock market peeps should be hailing these twins as genius and leaders in the field. lol :-))