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Did Shia LaBeouf Turn $20,000 Into $489,000 At A Prop Firm Where 4 Others Went To Jail For Insider Trading?

February 25, 2010 at 8:30 am
by Timothy Sykes

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You’ve seen the Wall Street 2 trailer, but the film’s star, Shia LaBeouf, decided to do some role research by going to his local Encino The Charles Schwab Corporation (SCHW) office and presto chango turned $20,000 into $489,000…with the help of 4 or 5 guys from Citigroup Inc. (C).

Say what??!?!?!

I’d be curious to hear how he did it, but my guess is this all happened when the markets went and doubled and his little team had him using leverage…good story, not sure if I believe it though, especially since he says some of the guys he was training with got arrested and are in jail for insider trading…via Twitter.

Say what?!?!?!?!

Somehow I think we would’ve heard about the inside trading Twitterers…Shia, I’d like to believe you, but c’mon your story isn’t making much sense..maybe stick to acting kid

Here’s the video clip:

Posted in Celebrities, Wall Street Movies

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  • Mike

    The claim isn’t really that outrageous. Especially if he was sitting in a room with Citi traders who had access to all this inside information… who knows what he could have done. I doubt he’ll ever get caught, even if he did use the info (I’m not claiming he did, I’m just saying the SEC could care less about a 1/2 million anyway when there are bigger fish in the sea… especially ones with less competent lawyers than Shia has at his disposal). I tend to believe him. I also tend to believe that traders were stupid enough to use twitter. Some traders are so hard-wired into the market and so addicted that they don’t think too much before they act. All it would take is a mistake on the keyboard a couple times to send out a few tweets that would constitute insider info. When they’re sharing splitsecond information, some traders don’t think rationally enough to pick up a secure telephone when the chat window is right there. It’s all very believable. And Shia is right- it’s all about the information and who gets it first.

  • Motleycow1460

    Are you kidding, stick to acting?! There is a reason why most actors, rock states, athletes and lottery winners are worse off financially after they make their big bucks. Most of them lack basic knowledge about finance and investing so they spend all their money on huge mansions, cars, yachts and other LIABILITIES (things that take money out of your pocket) and end up either in huge debt or file bankruptcy. Take Mike Tyson for example, he was making mega millions at one point, now he is over $400,000 in debt. But Shia, from what this story suggests, has learned the importance of how to leverage ASSETS (things that put money in your pocket) and make huge returns. This is how Warren Buffet, Donald Trump, George Soros, Robert Kiyosaki, and others have made their billions of dollars.

  • Jtrader1000

    haha this is great thats! traders who twit positions be alarmed they are coming for you. just a word of advice to the intranet traders do not inside trade when they twit they are simply conducting a technical analysis for the entertainment purposes they sought and in no way shape in form can that be considered illegal unless! you are purposely working with these fraudulent companys and loading 100k and turning into 500k therefor benefiting from pump and dump schemes thats illegal my fellow friends! (hm..hmm clears throat) Stock PROMOters
    with insider information stay away from those….. but do check out tradethenews.com and others