“I mean, they want to make some money here, but they are angry as hell and they’re sick and tired of getting stomped out by Wall Street which they have been forever, and they finally now have at least some ammunition to get back.” “It’s not really about making money,” Belfort told Fox host Tucker Carlson. In 2018, he had only repaid $12.8 million, or a fraction of what he owed his investors, and was ordered by a Brooklyn federal judge to hand over his equity interest in a private company as a result. He pleaded guilty in 1999 to manipulating investors into buying worthless stocks, was sentenced to 42 months in prison and ordered to pay $110 million back to his victims. The former penny-stock broker, portrayed in the movie “The Wolf of Wall Street” by Martin Scorsese, knows a thing about pumping stocks. ![]() But he later realized that the rookie traders on the WallStreetBets message board had exposed a “real inefficiency in the market” by putting pressure on hedge funds that bet against the video-game retailer, he said.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |