Why They Should String Samuel Israel Up On Wall Street With A Note Saying “Fraud Isn’t Painless”
Call it tough love. Leave him there long enough so the stench of his rotting corpse (still won’t be as bad as the stench of most living finance peeps—yeahhh can you say $330 billion auction rate securities catastrophe? Fraud lawsuits should be fun/illuminating) will pound home the point that if you cheat people—giving this once great industry a bad name—you will suffer the consequences. And it won’t be painless…Benito Mussolini-and-mistress-together-style:
Yes, it might be cruel and unusual—guaranteed to offend some—but unless we make an example out of these fraudsters (and I mean something that really sticks in people’s minds), they’re just gonna keep coming back, like the cockroaches that they are…
For those of you who don’t know this guy ran a totally fraudulent $400 million hedge fund—Bayou Fund…false audited statements and all—and then tried to fake his own suicide, writing “suicide is painless” in dust on the windshield of his car left on a bridge (clever), instead of going to jail like he was supposed to do. And now he’s got sugarcoated press like THIS stressing how nice/polite he is ( I met him once—fellow Tulane alumni—he was polite, now if I met him, I’d bring some brass knuckles)
Because you gotta remember, he didn’t just harm a few people by stealing their money, he’s harmed the entire hedge fund industry…the entire finance industry. People like him make it tougher for hardworking honest people to gain people’s trust. And that cannot be allowed.
Let’s hear what you guys think…
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1milingz
July 3rd, 2008 at 12:09 pm
i agree, capital punishment should be allowed on wallstreet
2Mark Groanboom
July 3rd, 2008 at 12:55 pm
If you’re gonna flee… at least flee like a man. I mean comon $400M??? Skip town for good with a cool $2M in cash and jewels and don’t show your face for a decade.
3getshorty
July 3rd, 2008 at 1:32 pm
Tim, just decided to reinvest some of my last week earnings and bought the “Technical Analysis using multiple timeframes” that you recommended a few days ago, have some Sake on me !!!
Trusting you on your recommendation, was thinking of buying the candlestick charts book, buy buying this instead since it appears it has what I was looking for, how to relate intraday patterns that can trigger the huge interday movements (been fan of 1 minute charts in order to find when the interday chart will break)
hope this book makes me better, one good trade should pay its $85 dollar price.
trusting you on this one.
Also, I am starting to read “the art of contrarian thinking from your timbooks” also looks like something I was looking for.
Keep up the good work, when I make enough, will fly NY for having some sushi and give my testimonial on livestock (yeah, getting ahead of myself, but for the first time I feel that I can consistently make profits)
4ivegotstylekid(TIMBUCKS: $189)
July 3rd, 2008 at 2:26 pm
on a total side not just hit a hole in one on a par 3, 67 yards deep
5Gburleson1
July 3rd, 2008 at 2:28 pm
This guy should of just suscribed to TIMALERTS!
6getshorty
July 3rd, 2008 at 2:38 pm
What the !!!
tim is already at $21k, huge 70% ytd, 189% annualized return.
Just makes me more confident on spending my money on his recommended books
7LAPaul
July 3rd, 2008 at 2:42 pm
On the NASDAQ tower,..
8timothysykes
July 3rd, 2008 at 2:53 pm
new post detailing last 3 tradeS:
http://www.timothysykes.com/ti.....lert-kind/
yeah yeah shorty!
9FPD
July 3rd, 2008 at 7:13 pm
No, they should hang this guy somewhere…
http://abcnews.go.com/US/story.....amp;page=1
Israel’s investors suffered from greed and their own lack of due diligence. As harsh as that may seem to the retail investor, this guys program was full of tell-tale conflicts of interest…
10ebnozn
July 3rd, 2008 at 10:29 pm
come on, it’s only money