Corner of Berkshire & Fairfax Message Board

General Category => Politics => Topic started by: permabear on March 20, 2015, 12:39:04 PM

Title: Teen hedge fund manager - Wohl Capital
Post by: permabear on March 20, 2015, 12:39:04 PM
Good for a laugh...

News clip: https://www.youtube.com/watch?v=D0j0TWcyuGE (https://www.youtube.com/watch?v=D0j0TWcyuGE)
His website: http://jacobwohl.wix.com/wohlcapital (http://jacobwohl.wix.com/wohlcapital)
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: investor-man on March 20, 2015, 01:13:59 PM
Props to him. Most people are too afraid to put themselves out there. Maybe I'll give a grand and see what happens  ;)
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: oddballstocks on March 20, 2015, 01:20:21 PM
Uh...so how he is a hedge fund if he's taking non-accredited investors? 
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: hillfronter83 on March 20, 2015, 01:29:24 PM
I have to admit that I haven't been up at 5:30AM to check out currency market and futures market. My returns are far from exponential though.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: racemize on March 20, 2015, 01:35:19 PM
Uh...so how he is a hedge fund if he's taking non-accredited investors?

exactly my question. His website also seems to be close to breaking advertisement regulations.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: philly value on March 20, 2015, 01:55:17 PM
Uh...so how he is a hedge fund if he's taking non-accredited investors?

Depending on how the fund is structured, you can have a limited number of non-accredited investors.

http://www.hedgefundlawblog.com/section-3c1-hedge-funds.html

So probably structured that way. Or, could be structured this way: http://observer.com/2014/12/exclusive-new-york-mags-boy-genius-investor-made-it-all-up/
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Mephistopheles on March 20, 2015, 02:32:20 PM
Every state is different. In NJ, you can take non-accredited investors as long as you aren't registered with the state. Registration with the state doesn't serve any purpose besides being able to say you are "registered with the state".
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Schwab711 on March 20, 2015, 03:10:52 PM
Uh...so how he is a hedge fund if he's taking non-accredited investors?

No rules against it, you just can't take a % of capital gains as compensation.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Mephistopheles on March 20, 2015, 03:31:05 PM
Uh...so how he is a hedge fund if he's taking non-accredited investors?

No rules against it, you just can't take a % of capital gains as compensation.

Even that is possible, at least in NJ - as long as you're not registered w/state.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: racemize on March 20, 2015, 04:32:01 PM
Uh...so how he is a hedge fund if he's taking non-accredited investors?

No rules against it, you just can't take a % of capital gains as compensation.

Definitely can't do it in Texas, without a lot of extra regulation.  I guess he could have gone that route.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Schwab711 on March 20, 2015, 06:26:14 PM
Uh...so how he is a hedge fund if he's taking non-accredited investors?

No rules against it, you just can't take a % of capital gains as compensation.

Even that is possible, at least in NJ - as long as you're not registered w/state.

If that's true (I don't doubt) then it's funny how the NJ only allows it when the state of NJ has no liability. Makes sense because NJ/CT are probably trying to relax certain regulations to attract big HFs
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Mephistopheles on March 20, 2015, 08:38:55 PM
Uh...so how he is a hedge fund if he's taking non-accredited investors?

No rules against it, you just can't take a % of capital gains as compensation.

Even that is possible, at least in NJ - as long as you're not registered w/state.

If that's true (I don't doubt) then it's funny how the NJ only allows it when the state of NJ has no liability. Makes sense because NJ/CT are probably trying to relax certain regulations to attract big HFs

The whole idea that taking a performance fee can only apply to rich people is so damn ass backwards and regressive. I think everyone here agrees that performance fees align incentives much better than do management fees. If anything, it's the latter that should be restricted. Unfortunately middle class people are stuck investing with investment managers whom only have an incentive to gather assets and stay with the herd.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Schwab711 on March 21, 2015, 11:56:16 AM
Uh...so how he is a hedge fund if he's taking non-accredited investors?

No rules against it, you just can't take a % of capital gains as compensation.

Even that is possible, at least in NJ - as long as you're not registered w/state.

If that's true (I don't doubt) then it's funny how the NJ only allows it when the state of NJ has no liability. Makes sense because NJ/CT are probably trying to relax certain regulations to attract big HFs

The whole idea that taking a performance fee can only apply to rich people is so damn ass backwards and regressive. I think everyone here agrees that performance fees align incentives much better than do management fees. If anything, it's the latter that should be restricted. Unfortunately middle class people are stuck investing with investment managers whom only have an incentive to gather assets and stay with the herd.

It's funny there's interest in Senvest lately since the thinking is to prevent a situation exactly like Senvest. No clawback and no high-water mark to go with performance fees. Thus, Senvest takes on an incredibly risky portfolio and is well paid for taking on extreme risk. If everything goes great they are all rich (and investors get less than they should), however if everything goes to hell then Senvest closes up shop and changes their name.

It's extremely dishonest on Senvest's part not to include high-water or clawback (one or the other should be fine). Investor's in Senvest would be better off picking a diversified portfolio of high-beta names then pay the outrageous fees for a discount that will never be realized.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Travis Wiedower on March 21, 2015, 01:10:03 PM
His website also seems to be close to breaking advertisement regulations.

This was one of my first thoughts. Aren't testimonials not allowed? And I highly doubt his results chart is compliant.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: ScottHall on March 21, 2015, 04:21:13 PM
Good for a laugh, huh.

Way to go, picking on a 17-year-old who is giving it a shot. No one's putting a gun to these people's heads and forcing them to invest alongside.

He sounds like he doesn't understand much about business in his interviews, but he is young and if he keeps at it, he will learn. God forbid someone branch out and try to learn a new field.

He will make mistakes and if he sticks with it, he will learn from them as he goes. Just as all of us have. Props to him for taking a chance; when faced with putting themselves out there, most people turtle up and hide rather than risk failure.

I'd rather fail a lot and learn many new things than hide for fear of losing. That's how I learned to invest, and more recently, how I learned to write copy. You try new things, folks. There isn't a perfect blueprint out there you must follow to achieve your dreams, there's always a little bit of improvisation.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Schwab711 on March 21, 2015, 04:24:12 PM
His website also seems to be close to breaking advertisement regulations.

This was one of my first thoughts. Aren't testimonials not allowed? And I highly doubt his results chart is compliant.

No they aren't, good catch. It's pretty ballsy to put up results charts as well unless they can be audited and conservatively verified. Tough to comply with if money is flying in & out. You also need waivers for this kind of trading, in writing, from clients to do each type of trade (since he has a total of $1m I assume this applies to every client).
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Schwab711 on March 21, 2015, 04:25:13 PM
Good for a laugh, huh.

Way to go, picking on a 17-year-old who is giving it a shot. No one's putting a gun to these people's heads and forcing them to invest alongside.

He sounds like he doesn't understand much about business in his interviews, but he is young and if he keeps at it, he will learn. God forbid someone branch out and try to learn a new field.

He will make mistakes and if he sticks with it, he will learn from them as he goes. Just as all of us have. Props to him for taking a chance; when faced with putting themselves out there, most people turtle up and hide rather than risk failure.

I'd rather fail a lot and learn many new things than hide for fear of losing. That's how I learned to invest, and more recently, how I learned to write copy. You try new things, folks. There isn't a perfect blueprint out there you must follow to achieve your dreams, there's always a little bit of improvisation.

Agreed, he'll have 13 years of experience at 30!
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: merkhet on March 21, 2015, 04:50:54 PM
Good for a laugh, huh.

Way to go, picking on a 17-year-old who is giving it a shot. No one's putting a gun to these people's heads and forcing them to invest alongside.

He sounds like he doesn't understand much about business in his interviews, but he is young and if he keeps at it, he will learn. God forbid someone branch out and try to learn a new field.

He will make mistakes and if he sticks with it, he will learn from them as he goes. Just as all of us have. Props to him for taking a chance; when faced with putting themselves out there, most people turtle up and hide rather than risk failure.

I'd rather fail a lot and learn many new things than hide for fear of losing. That's how I learned to invest, and more recently, how I learned to write copy. You try new things, folks. There isn't a perfect blueprint out there you must follow to achieve your dreams, there's always a little bit of improvisation.

I don't think people are picking on him for the reasons you suggest. I think they are picking on him for doing things that are illegal.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: cmlber on March 21, 2015, 04:58:00 PM
Did anyone notice this on the "Strategy" page of his website:

"Leverage is key to maximizing returns. We didn't reinvent the wheel with this; it's just a tried and true strategy that works again and again."   :o

Title: Re: Teen hedge fund manager - Wohl Capital
Post by: berkshire101 on March 21, 2015, 05:17:46 PM
Did anyone notice this on the "Strategy" page of his website:

"Leverage is key to maximizing returns. We didn't reinvent the wheel with this; it's just a tried and true strategy that works again and again."   :o

Only a kid genius would know and say this  ::)
I know more by standing on the shoulders of giants or however the old saying goes.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: ScottHall on March 21, 2015, 05:25:11 PM
Good for a laugh, huh.

Way to go, picking on a 17-year-old who is giving it a shot. No one's putting a gun to these people's heads and forcing them to invest alongside.

He sounds like he doesn't understand much about business in his interviews, but he is young and if he keeps at it, he will learn. God forbid someone branch out and try to learn a new field.

He will make mistakes and if he sticks with it, he will learn from them as he goes. Just as all of us have. Props to him for taking a chance; when faced with putting themselves out there, most people turtle up and hide rather than risk failure.

I'd rather fail a lot and learn many new things than hide for fear of losing. That's how I learned to invest, and more recently, how I learned to write copy. You try new things, folks. There isn't a perfect blueprint out there you must follow to achieve your dreams, there's always a little bit of improvisation.

I don't think people are picking on him for the reasons you suggest. I think they are picking on him for doing things that are illegal.

Why is doing illegal things something to mock if the regulations aren't sensible? We should always question authority and even break laws so long as we're prepared to deal with the consequences.

Financial institutions break laws all the time, and frequently settle for less than their illicit profits. This kid isn't even harming anyone unless he's running a Ponzi scheme or something; everyone willingly gave him their capital.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: philly value on March 21, 2015, 05:30:27 PM
Good for a laugh, huh.

Way to go, picking on a 17-year-old who is giving it a shot. No one's putting a gun to these people's heads and forcing them to invest alongside.

He sounds like he doesn't understand much about business in his interviews, but he is young and if he keeps at it, he will learn. God forbid someone branch out and try to learn a new field.

He will make mistakes and if he sticks with it, he will learn from them as he goes. Just as all of us have. Props to him for taking a chance; when faced with putting themselves out there, most people turtle up and hide rather than risk failure.

I'd rather fail a lot and learn many new things than hide for fear of losing. That's how I learned to invest, and more recently, how I learned to write copy. You try new things, folks. There isn't a perfect blueprint out there you must follow to achieve your dreams, there's always a little bit of improvisation.

I don't think anyone would blame someone for having a go at investing at age 17 and trying to get experience early. I think the difference here and in some similar cases is that the guy comes across (whether he means it or not) as cocky. Portraying yourself as a "17-year old hedge fund manager" instead of as a 17 year old who is practicing investing small sums while also reading/asking questions at every opportunity in order to pick up knowledge from others. Looking at the website, he makes it sound like he is already an investing genius and will trounce the markets. Given the inability of most professionally-managed hedge funds to do this, and the naivety he clearly shows in talking about his "strategy," this is not a good way for a 17-year old to be advertising himself.

Basically, if he were honest and humble and said, "I am 17, and I am doing my best to learn everything I can about investing because this is what I want to do in life," then the vast majority of people would encourage that. But in reality, his message is, "I am an investment genius, I utilize leverage, options, and buying undervalued stocks like Buffett in order to provide amazing returns. Contact me and invest if you want real returns."
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: ScottHall on March 21, 2015, 05:37:42 PM
Good for a laugh, huh.

Way to go, picking on a 17-year-old who is giving it a shot. No one's putting a gun to these people's heads and forcing them to invest alongside.

He sounds like he doesn't understand much about business in his interviews, but he is young and if he keeps at it, he will learn. God forbid someone branch out and try to learn a new field.

He will make mistakes and if he sticks with it, he will learn from them as he goes. Just as all of us have. Props to him for taking a chance; when faced with putting themselves out there, most people turtle up and hide rather than risk failure.

I'd rather fail a lot and learn many new things than hide for fear of losing. That's how I learned to invest, and more recently, how I learned to write copy. You try new things, folks. There isn't a perfect blueprint out there you must follow to achieve your dreams, there's always a little bit of improvisation.

I don't think anyone would blame someone for having a go at investing at age 17 and trying to get experience early. I think the difference here and in some similar cases is that the guy comes across (whether he means it or not) as cocky. Portraying yourself as a "17-year old hedge fund manager" instead of as a 17 year old who is practicing investing small sums while also reading/asking questions at every opportunity in order to pick up knowledge from others. Looking at the website, he makes it sound like he is already an investing genius and will trounce the markets. Given the inability of most professionally-managed hedge funds to do this, and the naivety he clearly shows in talking about his "strategy," this is not a good way for a 17-year old to be advertising himself.

Basically, if he were honest and humble and said, "I am 17, and I am doing my best to learn everything I can about investing because this is what I want to do in life," then the vast majority of people would encourage that. But in reality, his message is, "I am an investment genius, I utilize leverage, options, and buying undervalued stocks like Buffett in order to provide amazing returns. Contact me and invest if you want real returns."

I mean, no shit. Yes, he's cocky. He's 17. I was the same way at that age, granted I didn't start a hedge fund because I was a recluse and didn't know anyone outside of my immediate family.

As far his marketing goes? Of course it's hype-heavy. That's pretty much how marketing works. This happens in every successful form of advertising I can think of, whether brand advertising or DRM. Coke tries to associate itself with good times, and that it is responsible for making the world a more loving, caring place. And if you think the burgers the hot chicks bite in Burger King commercials look that good in real life, you've got another thing coming.

It's marketing. And you know what? This fucking kid, with this media coverage? He's already proven himself to be a better businessman than the majority of minor league hedge fund managers out there.

I can find 20 guys right now, some on this site, who have outstanding track records and not much more in the way of AUM than this kid does. And they've been doing it for years. The kid gets the "wow" factor involved with portraying yourself as a child prodigy and the free coverage that can provide. Maybe more fund managers should emulate him, rather than the other way around.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: philly value on March 21, 2015, 05:50:55 PM
I have to disagree. I think in this instance his short-term success is setting up long-term failure. Based on what we know about his inexperience and the riskiness of the strategies he is pursuing, it's very likely he blows up and falls flat on his face. And then all the hype and bold statements will come back to haunt him. Normally, if you fail at 17 or 18, nobody knows or cares, it would basically be expected. But when you have taken in other people's money by advertising yourself as the next Soros, and then fail miserably, that is going to wreck your image, cost you valuable relationships, and negatively affect your own psyche. Say he fails - after Googling him and seeing this, who is going to hire him to work at their fund or invest their money with him in the future?

In another way, he is also costing himself the ability to build valuable human capital. He could be spending his full time learning about investing and the markets. He could be putting himself in a position to intern or work for a successful investor where he could learn the trade. Instead, he is spending time marketing and talking to the media.

So who knows, maybe there is a tiny shot of him actually succeeding without failing, and if so then he'll have hit a real home run. But I think slow and steady will tend to win the race, and he is IMO focusing on the wrong things at this stage in life.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: ScottHall on March 21, 2015, 06:09:46 PM
I have to disagree. I think in this instance his short-term success is setting up long-term failure. Based on what we know about his inexperience and the riskiness of the strategies he is pursuing, it's very likely he blows up and falls flat on his face.

Yeah, you're right. He probably will fail. Most fund managers - or entrepreneurs of any kind, really - do. Not everyone is going to be a winner from their first at-bat.

Quote
And then all the hype and bold statements will come back to haunt him. Normally, if you fail at 17 or 18, nobody knows or cares, it would basically be expected. But when you have taken in other people's money by advertising yourself as the next Soros, and then fail miserably, that is going to wreck your image, cost you valuable relationships, and negatively affect your own psyche. Say he fails - after Googling him and seeing this, who is going to hire him to work at their fund or invest their money with him in the future?

This is where we disagree. I'd be willing to bet that most people wouldn't hold it against him if he does fail, and some would probably look at it favorably because it shows that he has the drive to try something on his own. That's something a lot of employers look for for a wide variety of gigs, not just in investment management.

And who is going to let him work for their fund or let him manage their money in the future? This happens with hedge funds all the time. John Meriwether helped blow up LTCM - one of the biggest financial blow ups of any kind ever - and he still managed to raise money for several more funds after that. And he's not the only one, either. The world is generally more willing to award second chances than we think.

Quote
In another way, he is also costing himself the ability to build valuable human capital. He could be spending his full time learning about investing and the markets. He could be putting himself in a position to intern or work for a successful investor where he could learn the trade. Instead, he is spending time marketing and talking to the media.

He could, but what's the value in that, really? Would you rather have another $1 million in AUM or another 100 basis points of return? You can learn about the markets until the cows come home, but after a point, there's not a whole lot of value in outperforming the market anymore than you have to to attract capital. And you don't even really need to beat the market to be a successful hedge fund manager so long as you market yourself correctly, and help "solve" a different problem than the maximization of returns.

The active management industry has lasted decades while losing to the market in aggregate. ETFs and index funds are taking share, but it's still a huge business and probably will be for the foreseeable future.

Quote
So who knows, maybe there is a tiny shot of him actually succeeding without failing, and if so then he'll have hit a real home run. But I think slow and steady will tend to win the race, and he is IMO focusing on the wrong things at this stage in life.

Well, if he does nothing, there's a 0% chance of success. By trying to launch his own fund, he has a small but real shot of obtaining ungodly amounts of wealth. It's like writing copy; if you don't have a headline, it doesn't matter how good your body copy is because no one's going to read it anyway.

Same principle here.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: merkhet on March 21, 2015, 06:16:51 PM
Good for a laugh, huh.

Way to go, picking on a 17-year-old who is giving it a shot. No one's putting a gun to these people's heads and forcing them to invest alongside.

He sounds like he doesn't understand much about business in his interviews, but he is young and if he keeps at it, he will learn. God forbid someone branch out and try to learn a new field.

He will make mistakes and if he sticks with it, he will learn from them as he goes. Just as all of us have. Props to him for taking a chance; when faced with putting themselves out there, most people turtle up and hide rather than risk failure.

I'd rather fail a lot and learn many new things than hide for fear of losing. That's how I learned to invest, and more recently, how I learned to write copy. You try new things, folks. There isn't a perfect blueprint out there you must follow to achieve your dreams, there's always a little bit of improvisation.

I don't think people are picking on him for the reasons you suggest. I think they are picking on him for doing things that are illegal.

Why is doing illegal things something to mock if the regulations aren't sensible? We should always question authority and even break laws so long as we're prepared to deal with the consequences.

Financial institutions break laws all the time, and frequently settle for less than their illicit profits. This kid isn't even harming anyone unless he's running a Ponzi scheme or something; everyone willingly gave him their capital.

Picking on should have been in quotes. It's difficult to continue running money in the future when you run afoul of regulations. Therefore, running afoul of regulations tends to be pretty stupid if your long-term goal is to run money -- regardless of whether the regulations are sensible.

As a side note, letting people break laws they individually think aren't sensible is not a terribly great way to run the republic either.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: ScottHall on March 21, 2015, 07:33:26 PM
Picking on should have been in quotes. It's difficult to continue running money in the future when you run afoul of regulations. Therefore, running afoul of regulations tends to be pretty stupid if your long-term goal is to run money -- regardless of whether the regulations are sensible.

As a side note, letting people break laws they individually think aren't sensible is not a terribly great way to run the republic either.

I mean, I guess he'll see for himself, right? I think there's every chance that he can play the, "oh but I'm a kid" card and claim he didn't know (truthfully or not), promise not to do it again and get away with a slap on the wrist. But he'd still have the base of capital he'd raised to that point to draw upon.

I'm not as up on the regulations as all of you are, but based on your reactions I'm guessing this sort of marketing is much more effective than what is allowed. So it very well could be a calculated risk on his part, and as far as I'm concerned, there's nothing wrong with that. Heads he gets a much larger starting capital base. Tails he's out of the business, maybe. Given his age and that he's not relying upon this, it seems like a shrewd bet to me.

As for your comment regarding letting people flaunt the law... well, I guess we'll have to agree to disagree on this one. As long as no one's hurting others and everything's consensual, I don't care what people do. I didn't go to school, and people claimed my parents were abusing me because of it. Fuck them and fuck the government for thinking it has any say in how I live my life and educate myself.

Similar thing for the kid and his customers. Why should they care what the government thinks if they're happy with their relationship with each other? He's not dumping toxic chemicals in the river or anything.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: investor-man on March 21, 2015, 08:27:24 PM
ScottHall++
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: merkhet on March 21, 2015, 09:08:30 PM
Picking on should have been in quotes. It's difficult to continue running money in the future when you run afoul of regulations. Therefore, running afoul of regulations tends to be pretty stupid if your long-term goal is to run money -- regardless of whether the regulations are sensible.

As a side note, letting people break laws they individually think aren't sensible is not a terribly great way to run the republic either.

I mean, I guess he'll see for himself, right? I think there's every chance that he can play the, "oh but I'm a kid" card and claim he didn't know (truthfully or not), promise not to do it again and get away with a slap on the wrist. But he'd still have the base of capital he'd raised to that point to draw upon.

I'm not as up on the regulations as all of you are, but based on your reactions I'm guessing this sort of marketing is much more effective than what is allowed. So it very well could be a calculated risk on his part, and as far as I'm concerned, there's nothing wrong with that. Heads he gets a much larger starting capital base. Tails he's out of the business, maybe. Given his age and that he's not relying upon this, it seems like a shrewd bet to me.

AFAIK, there's no mens rea component to following securities regulations. It's not a real defense to say that you didn't know what you were doing was wrong, and my guess is that if he doesn't go to jail over it, he's not going to keep his capital base. (I mean, Stevie Cohen was reduced to trading his own capital, and he had really high priced lawyers.) Also, when you register with the SEC and/or various regulatory agencies, one of the questions they ask you is whether you've had regulatory action taken against you. Hard to raise capital when you have to continually disclose that you ran afoul of securities regulations even if you were a kid at the time.

The highlighted sentence below:

Why is doing illegal things something to mock if the regulations aren't sensible? We should always question authority and even break laws so long as we're prepared to deal with the consequences.

Is different than:

As for your comment regarding letting people flaunt the law... well, I guess we'll have to agree to disagree on this one. As long as no one's hurting others and everything's consensual, I don't care what people do. I didn't go to school, and people claimed my parents were abusing me because of it. Fuck them and fuck the government for thinking it has any say in how I live my life and educate myself.

Similar thing for the kid and his customers. Why should they care what the government thinks if they're happy with their relationship with each other? He's not dumping toxic chemicals in the river or anything.

The reason being that you have moved from a "subjective" framework of what is sensible to an "objective" framework of not hurting others and consensual acts. The former statement allows for, say, Charles Manson to make a reasonable claim on the sensibility of cannibalism (a real-life Modest Proposal, if you will), whereas the latter statement forecloses that option entirely.

FWIW, I tend to agree with your second statement, though there should probably be limits on things that fall even within your objective framework. We should probably regulate heroin use even though it's not hurting others and is a consensual act -- Pre-Heroin You and Post-Heroin You are effectively different people, and IMHO, the government probably has a right to advocate on behalf of Post-Heroin You -- but I suspect we might disagree on this one.

Curious to know why the government claimed your parents were abusing you because of home schooling. People are allowed to home school their children, so why would your specific case be any different? Or are we talking about people in general saying that?
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: ScottHall on March 21, 2015, 10:37:48 PM
AFAIK, there's no mens rea component to following securities regulations. It's not a real defense to say that you didn't know what you were doing was wrong, and my guess is that if he doesn't go to jail over it, he's not going to keep his capital base. (I mean, Stevie Cohen was reduced to trading his own capital, and he had really high priced lawyers.) Also, when you register with the SEC and/or various regulatory agencies, one of the questions they ask you is whether you've had regulatory action taken against you. Hard to raise capital when you have to continually disclose that you ran afoul of securities regulations even if you were a kid at the time.

It looks like mens rea is a component of securities law, but the issue is apparently much more complicated than in most other forms of law. Who knows if it'd even get to a courtroom; most cases are settled out-of-court, so I wouldn't be shocked if something similar happened here. I don't follow anything other than bankruptcy law, so if you say the thoughts on those links are dated, I'll trust you on it.

https://www.ropesgray.com/files/Publication/cd588b54-a9b6-428b-969a-9e35d87251e0/Presentation/PublicationAttachment/febf3138-00da-4652-98e6-9f1e4f828c7a/Article_2001_Willfulness_McPhee.pdf

http://www.jstor.org/discover/10.2307/40687701?sid=21106197091793&uid=380122351&uid=60&uid=3739936&uid=3739256&uid=2134&uid=380122341&uid=3&uid=2&uid=70 - Requires free log-in

Quote
The highlighted sentence below:

Why is doing illegal things something to mock if the regulations aren't sensible? We should always question authority and even break laws so long as we're prepared to deal with the consequences.

Is different than:

As for your comment regarding letting people flaunt the law... well, I guess we'll have to agree to disagree on this one. As long as no one's hurting others and everything's consensual, I don't care what people do. I didn't go to school, and people claimed my parents were abusing me because of it. Fuck them and fuck the government for thinking it has any say in how I live my life and educate myself.

Similar thing for the kid and his customers. Why should they care what the government thinks if they're happy with their relationship with each other? He's not dumping toxic chemicals in the river or anything.

The reason being that you have moved from a "subjective" framework of what is sensible to an "objective" framework of not hurting others and consensual acts. The former statement allows for, say, Charles Manson to make a reasonable claim on the sensibility of cannibalism (a real-life Modest Proposal, if you will), whereas the latter statement forecloses that option entirely.

FWIW, I tend to agree with your second statement, though there should probably be limits on things that fall even within your objective framework. We should probably regulate heroin use even though it's not hurting others and is a consensual act -- Pre-Heroin You and Post-Heroin You are effectively different people, and IMHO, the government probably has a right to advocate on behalf of Post-Heroin You -- but I suspect we might disagree on this one.

Try not to overthink it, dude; I hate thinking about concepts within arbitrary systems. Like legal systems. So my first words shouldn't be taken literally, but be judged based on what would generally be considered common sense. I don't think people should go around murdering others just because they're willing to go to jail or get executed, but I figured that would be obvious.

So yes, the second is closer to what I actually think, though I don't really view the statements to be confusing to any sensible audience. I really doubt they were confusing to you, either, as you're generally pretty sensible. Let's not waste time, alright?

Quote
Curious to know why the government claimed your parents were abusing you because of home schooling. People are allowed to home school their children, so why would your specific case be any different? Or are we talking about people in general saying that?

It was the neighbors who claimed abuse; the government just threatened to arrest my mother if I didn't go to school.

This was before I transferred out of the system; I just quit going for several months because I hated it. Once I left the school district, no one cared that I didn't re-register in another one. While I was homeschooled in the original district, I'd have to go in from time to time and show that I was progressing. Once I moved, I didn't, because the new school district was unaware I was even there.

Or so I was told.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: merkhet on March 22, 2015, 08:16:49 AM
Securities regulation wasn't my specific area of law, so I assumed that the "ignorance of law is not a defense" maxim applied there, but you're right -- it seems more complicated -- though I don't know if it applies outside of a criminal prosecution. And I'm uncertain as to whether the SEC can still bar you from working in the securities industry absent a criminal conviction. My theory here, and in many other aspects of life, is that it's often better to stay far enough from the chalk outline that you don't get any chalk on your shoes -- but I suppose everyone has different risk tolerances.

Law is... not all that arbitrary, actually. Certain parts of it are arbitrary, perhaps securities regulations and/or some substance regulation, like say pot. However, much of it comes out of natural laws stemming from Locke, etc., that govern property rights, tort law, etc.

The reason I felt the need to point out the difference in your two statements is that I don't know that there's such a thing as common sense that extends globally (or even within a country), which is why the statement to break laws that aren't "sensible" generally isn't a workable notion. One of my favorite quotes is that "infidels don't think of themselves as infidels" -- meaning that while in this country, we're all rah-rah America, there are some people out there who think we're the devil. And vice versa. Also, growing up in the South and hearing about "the War of Northern Aggression," and then living in the North and hearing about "the Civil War" indicates to me that the legal notion of "a reasonable person" is a farce. But now we're getting a little philosophical...

Ah, well, the neighbors makes more sense. In general, most people prefer to live conventionally, so that's probably what was driving that. Sorry you and your family had to go through that though.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: UNF2007 on March 22, 2015, 09:47:19 AM
WOW, I can't believe people are giving him money, it seems like there is a social dynamic at work here. Maybe once he got enough people on board, the others were nervous on missing out? People really need to be saved from themselves. Would you let the kid perform surgery on you if he watched some videos on youtube from yale/harvard medical school and got up at 0530? Of course not, people inherently realize that takes experience, training and many years to master, something not found in a person still in high school. I think a similar paradigm applies to investing other peoples capital, because if you screw it up their quality of life is going to take a major hit.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: fuluvu on March 22, 2015, 11:27:31 AM
The 17 year old  kid in this story did not end so well. Mo Islam is a liar.  This young kid may not be a liar as Islam. But, I do not believe that he can tell the difference between “luck” and “skill”. Over a short period, 50% of investors can achieve above average return by through a dart on a stock table.  I bet that his profit will soon become losses from his so-called “strategies”.

$72M 'whiz kid' investor made the whole thing up
Scott Wapner   | Ben Berkowitz
Tuesday, 16 Dec 2014 | 8:45 AM ET
CNBC.com

Mo Islam, the 17-year-old "whiz kid" investor who suggested he'd made $72 million trading stocks on his high school lunch breaks, admits now he made much less than that.

As in, zero.

After a long day in the media spotlight, Islam admitted to the New York Observer late Monday night that the whole thing had been a fabrication and that he had not made anything at all trading stocks.

"The people I'm most sorry for is my parents. I did something where I can no longer gain their trust," he told the magazine in a question-and-answer session at the office of a public relations firm.

The controversy started with a New York magazine article that suggested Islam was fabulously wealthy for a boy his age, the result of astute stock picking at school.

But skeptics pounced on the story almost immediately, and in a CNBC interview at midday Monday, Islam said the New York article was not accurate. He intimated that his trades had netted a few million dollars but dodged repeated questions.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: ScottHall on March 22, 2015, 01:10:13 PM
WOW, I can't believe people are giving him money, it seems like there is a social dynamic at work here. Maybe once he got enough people on board, the others were nervous on missing out? People really need to be saved from themselves. Would you let the kid perform surgery on you if he watched some videos on youtube from yale/harvard medical school and got up at 0530? Of course not, people inherently realize that takes experience, training and many years to master, something not found in a person still in high school. I think a similar paradigm applies to investing other peoples capital, because if you screw it up their quality of life is going to take a major hit.

Managing money is nothing compared to surgery. Tons of people do it - and lose to the market - all the time, and still collect billions in fees annually. It probably has one of the lowest standards of quality of any field that I'm aware of.

And for what it's worth, in a pinch, I would consider letting an untrained surgeon operate on me.

https://www.youtube.com/watch?v=8_eAkdtYay4
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: ScottHall on March 22, 2015, 01:15:06 PM
Securities regulation wasn't my specific area of law, so I assumed that the "ignorance of law is not a defense" maxim applied there, but you're right -- it seems more complicated -- though I don't know if it applies outside of a criminal prosecution. And I'm uncertain as to whether the SEC can still bar you from working in the securities industry absent a criminal conviction. My theory here, and in many other aspects of life, is that it's often better to stay far enough from the chalk outline that you don't get any chalk on your shoes -- but I suppose everyone has different risk tolerances.

Law is... not all that arbitrary, actually. Certain parts of it are arbitrary, perhaps securities regulations and/or some substance regulation, like say pot. However, much of it comes out of natural laws stemming from Locke, etc., that govern property rights, tort law, etc.

The reason I felt the need to point out the difference in your two statements is that I don't know that there's such a thing as common sense that extends globally (or even within a country), which is why the statement to break laws that aren't "sensible" generally isn't a workable notion. One of my favorite quotes is that "infidels don't think of themselves as infidels" -- meaning that while in this country, we're all rah-rah America, there are some people out there who think we're the devil. And vice versa. Also, growing up in the South and hearing about "the War of Northern Aggression," and then living in the North and hearing about "the Civil War" indicates to me that the legal notion of "a reasonable person" is a farce. But now we're getting a little philosophical...

Ah, well, the neighbors makes more sense. In general, most people prefer to live conventionally, so that's probably what was driving that. Sorry you and your family had to go through that though.

Fair enough, we can just agree to disagree then.

Also, sorry if my last post seemed biting. Didn't mean to be a jerk, but reading it, it seems like it could have come off that way pretty easily.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: merkhet on March 22, 2015, 01:18:15 PM
Nah. I just assumed we were chatting about the philosophy of law. :)
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: innerscorecard on March 22, 2015, 07:09:02 PM
This is fun:

https://twitter.com/jacobwohl
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: philly value on March 22, 2015, 07:51:44 PM
This is fun:

https://twitter.com/jacobwohl

Be sure to include your completed invetment form.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: permabear on March 22, 2015, 08:00:02 PM
Apparently this qualifies as a prospectus these days: http://media.wix.com/ugd/ab94f4_9b6fbbdafef14e0aa360e0578c8530e3.pdf (http://media.wix.com/ugd/ab94f4_9b6fbbdafef14e0aa360e0578c8530e3.pdf)
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: innerscorecard on March 22, 2015, 08:52:21 PM
His dad's a lawyer.

https://twitter.com/DavidWohl
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: racemize on March 22, 2015, 09:44:16 PM
these advertisements are crazy.  I don't understand why he isn't already shut down.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: ScottHall on March 22, 2015, 10:07:13 PM
His dad's a lawyer.

https://twitter.com/DavidWohl

Makes the settlement easier if it comes, I guess. My suspicion would be that the regulators would go easy on the kid, assuming his dad is the guy behind the promotion, prospectus etc.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: jeremykgold on March 22, 2015, 11:55:12 PM
Fun fact in the terms of service on his investment form... he charges a measly 3 and 20
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Phaceliacapital on March 23, 2015, 01:28:25 AM
"This trade has several things going for it. First, the probability of profit (99.5%). This
means that it would take an act of God not to make money on this trade. "

Got it :D
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: tombgrt on March 23, 2015, 01:50:18 AM
Quote
I'm the #WohlOfWallSt, and I'm here to fundamentally change the financial space. #WohlCapital

https://twitter.com/jacobwohl/status/579820794030600192

Haha! Ignorance truly is bliss.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: tombgrt on March 23, 2015, 02:02:50 AM
And for the $BAC longs:

Quote
I think that in a few years we could be looking at a $55/share price with $BAC.

https://twitter.com/jacobwohl/status/575078511318171648
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: writser on March 23, 2015, 02:24:12 AM
The saddest thing is that his TEACHERS are actually investing in his fund  :) .
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: wescobrk on March 23, 2015, 05:59:54 AM
His name says it all.
People that give him money probably deserve to lose it.
His name is a pattern off of the Wolf of Wall Street.
Jordan filched over $100 million of his clients money.
Why would someone name his firm off of someone that stole over $100 million for his clients?
To make a lot of money as quick as possible without regard to any sort of honesty.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Pelagic on March 23, 2015, 07:20:58 AM
A quarter of out-performance equates to a proven strategy.

Results Are Everything
     Wohl Capital simply performs. The graph above shows our returns versus the S&P500 in the first quarter of 2015. This is proof that Wohl Capital's guerilla warfare approach to investing really works.

http://jacobwohl.wix.com/wohlcapital#!services/ca4p

Personally, I just wish more young people took the time to learn something about investing. I don't know the securities laws involved here but I have to imagine anyone giving their money to a 17 year old "hedge fund manager" bears responsibility for their decision.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: gfp on March 23, 2015, 07:38:01 AM
Something fishy about that SWHC options trade he posted as an illustration...  It is not an executed trade, nor would that combination have ever been executed at a $14.28 net credit.  The illustration is fraud.


edit:  and this...
"With that said, let’s talk results. Investors that had invested by January 1, 2015 with Wohl
Capital Investment Group have made roughly 23% return on investment. (To calculate returns if
you invested later, take “.0025274” and multiply it by the number of days since you invested.
This will give you your % gain return on investment.)"


Apparently this qualifies as a prospectus these days: http://media.wix.com/ugd/ab94f4_9b6fbbdafef14e0aa360e0578c8530e3.pdf (http://media.wix.com/ugd/ab94f4_9b6fbbdafef14e0aa360e0578c8530e3.pdf)
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: fuluvu on March 23, 2015, 08:44:58 AM
This story will not end well. It is not a simple story about an ambitious kid who is talented in investment. It doesn't make sense in many ways. It seems that his lawyer  dad is working behind the scene. There are ill-intentions. We will see.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Tim Eriksen on March 23, 2015, 10:23:59 AM
Something fishy about that SWHC options trade he posted as an illustration...  It is not an executed trade, nor would that combination have ever been executed at a $14.28 net credit.  The illustration is fraud.


edit:  and this...
"With that said, let’s talk results. Investors that had invested by January 1, 2015 with Wohl
Capital Investment Group have made roughly 23% return on investment. (To calculate returns if
you invested later, take “.0025274” and multiply it by the number of days since you invested.
This will give you your % gain return on investment.)"


Apparently this qualifies as a prospectus these days: http://media.wix.com/ugd/ab94f4_9b6fbbdafef14e0aa360e0578c8530e3.pdf (http://media.wix.com/ugd/ab94f4_9b6fbbdafef14e0aa360e0578c8530e3.pdf)

His instruction on how to calculate returns for those who invested after January 1 show that the accounting is improper.  It implies that the returns for each day were the same.  Impossible.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: benhacker on March 23, 2015, 10:29:38 AM
Quote
His instruction on how to calculate returns for those who invested after January 1 show that the accounting is improper.  It implies that the returns for each day were the same.  Impossible.

There is one kind of investment where it's very possible.  One that exists only in a spreadsheet...

There are so many warning flags here, I can't believe.  Am I reading this right that he is taking custody of these funds?

Is his dad a lawyer?

I don't know what to say...
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: gfp on March 23, 2015, 10:42:55 AM
There is no LLC by the name he claims.  He claims to use the free Robinhood brokerage - which has no separate account interface.  The testimonial is from a high school classmate.  He says there is a maximum of 15 investors but claims 20 investors on Fox Business.  He suggests you fund your account by "emailing a check" or sending a venmo payment to his personal email account...

I started at the same age.  I'm not trying to be discouraging or whatever the criticisms were of people giving him a hard time.  But this is a crime and I've seen it before.  I once assisted the US postal Inspection service with an investigation of a corrupt money manager in New Orleans who not only got away with stealing from disabled clients through fake investment vehicles, but actually attempted to murder suicide her husband when the heat came down on her and was never charged.
(this lady: http://www.nola.com/business/index.ssf/2009/08/judith_zabalaoui_sentenced_to.html )
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Philip Morris IV on March 23, 2015, 10:55:41 AM
No SEC or IAPD filings either, at least by the entities we know or his father's name.  How have the media outlets not noticed this?

This should be interesting.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: philly value on March 23, 2015, 11:05:16 AM
No SEC or IAPD filings either, at least by the entities we know or his father's name.  How have the media outlets not noticed this?

This should be interesting.

The media seem to consistently fall for things like this...just a few months back, the Stuyesvant HS student who claimed to have made $70M trading was all over the media. Within a day he's pressured by his parents to come clean and we find out he never even had a personal trading account much less made $70M.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Schwab711 on March 23, 2015, 11:06:55 AM
There is no LLC by the name he claims.  He claims to use the free Robinhood brokerage - which has no separate account interface.  The testimonial is from a high school classmate.  He says there is a maximum of 15 investors but claims 20 investors on Fox Business.  He suggests you fund your account by "emailing a check" or sending a venmo payment to his personal email account...

I started at the same age.  I'm not trying to be discouraging or whatever the criticisms were of people giving him a hard time.  But this is a crime and I've seen it before.  I once assisted the US postal Inspection service with an investigation of a corrupt money manager in New Orleans who not only got away with stealing from disabled clients through fake investment vehicles, but actually attempted to murder suicide her husband when the heat came down on her and was never charged.
(this lady: http://www.nola.com/business/index.ssf/2009/08/judith_zabalaoui_sentenced_to.html )

I almost called the SEC's whistleblower line this morning. I hope someone does otherwise I will this week. The kid & his father are really hurting the lives of classmates and teachers in the long-run by going through this charade. I also managed money at a young age (19) and a kid this age definitely deserves support, yet his current operations are arrogantly running afoul of pretty practical laws/regulations. It's better the kid gets shut down before folks start to lose all of their savings.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: AzCactus on March 23, 2015, 11:31:16 AM
As much as I appreciate Scott's reply supporting the ambition this kid may have---his character and morals are WAY out of line.  While his entrepreneurship deserves to be admired to a very limited extent the way he is going about things is not only immoral but likely illegal.  Hopefully he will learn a small lesson now or it will likely be a big lesson later on. 

Ultimately, he needs to be stopped for his own good.  The only people more upside down than this kid are the people investing with him. 
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: permabear on March 23, 2015, 11:41:08 AM
If people are dumb enough to send this kid money - given his stellar one-quarter track record, his lack of any regulatory filings/proper infrastructure and the fact that he has no idea what he's doing - they deserve to lose it.

Looks like the kid is currently fending off "haters" on twitter.

Quote
Funny how I manage more than all of my haters combined. #WohlOfWallSt #WohlCapital
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Schwab711 on March 23, 2015, 12:31:04 PM
If people are dumb enough to send this kid money - given his stellar one-quarter track record, his lack of any regulatory filings/proper infrastructure and the fact that he has no idea what he's doing - they deserve to lose it.

Looks like the kid is currently fending off "haters" on twitter.

Quote
Funny how I manage more than all of my haters combined. #WohlOfWallSt #WohlCapital

It is not reasonable to expect the average person to have even a satisfactory understanding of how to make/protect their savings. This is why we have the Series tests, the SEC, ect. If there really were zero regulations in this industry then no one of any size would invest in anyone because of the amount of scams or out-right fraud. Although this kid is extremely small it's important he's shut down to protect folks who cannot fix permanent capital loss without many additional years of working (and putting their family/loved ones at risk of inadequate financial protection).

I definitely understand the mindset of 'folks need learn to protect their own money' and that no one should rescue them from their own idiocy but it's just not a reasonable expectation and you [we all] are already gaining massive benefits from their ignorance (by hopefully gaining alpha through personal investing as opposed to folks guaranteed losses vs. the market after fees, ect). At some point, it's more costly to let victims be preyed upon then to regulate and enforce against it. If you can't tell, I really hate financial scams because it's nearly impossible to fix a substantial and permanent capital loss to your savings (for the average person). There is so much money in financial services from honesty/transparency for those who deserve it (patient, smart, hard-working, good salesman, ect). This kid is falling victim to same problem 99.99% of 17 year olds fall for, a lack of patience. This kid is well ahead of the curve at 17. If he acted responsibly and had patience then he would be a millionaire by 25 or 30 anyways.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: hillfronter83 on March 23, 2015, 12:50:36 PM
No SEC or IAPD filings either, at least by the entities we know or his father's name.  How have the media outlets not noticed this?

This should be interesting.

The media seem to consistently fall for things like this...just a few months back, the Stuyesvant HS student who claimed to have made $70M trading was all over the media. Within a day he's pressured by his parents to come clean and we find out he never even had a personal trading account much less made $70M.

This might be it. I suspect that the kid and his dad create all this fuss only for putting together a nice college application.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: BTShine on March 23, 2015, 12:59:05 PM
To the "If people are dumb enough to give this kid money..." comment -- you could say the same thing for people that fall for medical scams, etc.  such as the fake dermatologists, or fraudulent dermatologists, that bring in unsuspecting patients and cut out any mole they see -- precancerous or not.

The beauty of most developed countries  is that most life changing, or life threatening,  providers (hospitals, banks, financial advisors, etc) are regulated or watched over by some entity that serves as a second like of defense. 
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: ScottHall on March 23, 2015, 03:13:39 PM
To the "If people are dumb enough to give this kid money..." comment -- you could say the same thing for people that fall for medical scams, etc.  such as the fake dermatologists, or fraudulent dermatologists, that bring in unsuspecting patients and cut out any mole they see -- precancerous or not.

The beauty of most developed countries  is that most life changing, or life threatening,  providers (hospitals, banks, financial advisors, etc) are regulated or watched over by some entity that serves as a second like of defense.

I'm not sure if you're talking about me or not, but just to be clear, I only support what the kid is doing if he's only breaking laws in a way that doesn't harm anyone, such as not limiting himself to accredited investors. If this is a Ponzi or some sort of scam, he should be shut down.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: benhacker on March 23, 2015, 04:03:14 PM
Hey Scott,

Scott, I appreciate you sharing your thoughts.  I think perhaps the reason there was a bit of heat above to your original comment(s) is that I think there are some of us who have varying degrees of opinion about which securities laws are "understandable to be broken" and which aren't, and we have some inherent assumptions.

To be clear, and perhaps to share a view I believe is common to others on here, my view is that preventing someone from charging investors for advice / services is potentially an area where securities laws overstep (and I get that you may also agree) - if I give you advice to buy a stock, and you pay me (but you go about buying the stock in your own account)... I could see saying the kid is ok if this is the law he is violating... where I think there is some divergence, and I think this is partly a language of how we talk about "investment" regulation, or base assumption by different folks here, is that once an investor "physically takes custody of his clients' money", this is something that intrinsically is prone to manipulation / fraud and should be regulated.

My reading initially (and based on comments from others above was reinforced) was that this kid is taking custody - the money is in his name, the account is in his name (or that of an LP, LLC he controls), clients have NOTHING but the word of the custodian/investor to know how their money is doing.  He's not just doing a friends and family account at IB, or getting his PE teachers login to make trades in their AMTD account (that would potentially be sticky as well, but less so)... he is taking funds from people, putting them in his name, and investing them.  Hence I would argue (you may disagree, but I just thought I would share my view) that this setup is inherently scary for the following reasons (and I guess, further i would say, it is a law that *should* exist, and is just in general):

1) It's not necessary, strictly speaking, you can manage money in many other ways that are just as cheap, and easy for the manager, but don't cause this conflict with the advisor.  (there are reasons funds are better than separate accounts, but for low overhead unknown quantities, I would say you are basically kissing your money goodbye unless you can diligence the structure... funds are sexier but for 10 clients, I think it's irrelevant for the downside that comes with it)

2) It's a common / obvious structure for financial fraud, so it is inherently an eyebrow-raiser.

--

So to me, seeing a 17 yr old talking about a "fund" (just starting out) is basically something I would handicap at a high chance of fraud.  Either that, or they have done basically zero diligence on ways to setup what they are doing (in which case I would also not salute them for their hubris and salesmanship; without accompanied knowledge)... as someone who started out young (25, not 17), I spent years figuring out how to setup my business properly, so I guess I just reflexively react, and can't imagine the benevolent interpretation of this kids actions.

I hope he's not a fraud, but I'd bet better than 50/50 on that based on what I know.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Hielko on March 23, 2015, 04:32:14 PM
I think you can safely bet that there is a 99%+ probability that he is a fraud.

1) In his "prospectus (http://media.wix.com/ugd/ab94f4_9b6fbbdafef14e0aa360e0578c8530e3.pdf)" he posts on obvious fake/manipulated screenshot of a profitable trade. When you buy a call with a 14 strike and sell 100 shares short at 13.53 your maximum loss on the trade is NEVER 28 dollar because you are already exposed to 47 dollars of risk if the shares rise, and you also have to pay an option premium (and fees). I think what he did is enter a limited order that was not even close to executable (14.28) and the software of whatever broker he uses just shows what kind of profit you would make if that order could magically be executed.

2) He demonstrates that he has absolutely no clue on how to calculate returns. I'd say that implies that there is a high probability that the return numbers are completely fictious.

Fake trades and fake returns, that's what I'd call a fraud.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: jschembs on March 23, 2015, 04:39:44 PM
Do we think he's a fraud, or just a kid who doesn't know what he's talking about? When I think of fraud, I envision someone taking cash from "investors" knowing they have no intent of generating a return - or at least they plan to spend a portion of that money on their lifestyle and hopefully generate sufficient return to offset any questions about where the money went.

In this case, I think it's a kid who has no adult supervision and has had a few classmates' parents/teachers invest. Obviously he could be a fraud, but it doesn't feel like that.

However, his dad seems like a total slime ball very happy to leverage whatever notoriety this entails (which isn't too different from many aspiring young athletes).
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Hielko on March 23, 2015, 04:49:52 PM
I think he's a fraud, the question is only how big. When you lie about how you generate your returns (and there is absolutely no question that he is doing that) you have already crossed a line. His performance reporting might be just a lack of skill if we are generous... but unlikely in my opinion because why would someone with his (supposedly great) returns need to lie about the kind of trades he is making?

Whether or not he is also stealing money from clients, I guess we will see.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: permabear on March 23, 2015, 05:12:17 PM
I don't get the sense that he's out to defraud investors, rather he's an ambitious kid, encouraged by his dad and is enjoying the spotlight. With all this media attention, I bet they set up a proper fund.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: thepupil on March 23, 2015, 07:36:28 PM
I emailed him about the bogus return calculation. This was his response:


This calculation first and foremost provides a rough estimate, not an exact return. The exact return would be provided to each and every investor in their individual statements. Given the times that we had investors joining during the first quarter, this mathematical equation served as a good way for investors to establish an average, baseline, rate of performance.


--
       Thanks,
  Jacob Wohl; Senior Manager, Founder, and CEO
  Wohl Capital Investment Group, LLC.
  Phone: (951)741-5565
  Website: www.WohlCapital.tk
  Twitter: www.twitter.com/JacobWohl
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: BTShine on March 23, 2015, 07:43:58 PM
Reading that makes me cringe
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Picasso on March 23, 2015, 09:51:02 PM
“Wohl Capital's hedge fund has been the best investment I've made in a long time.”
     -Kyle Persek (Investor)

A quick Google search for Kyle Persek yields a "class of 2016."  I mean Mr. Persek has probably never invested in anything before, of course some levered option on BAC will look incredible.

I think that it is probably best that this Wohl guy burns out fast.  Which he will by doing options on something he knows very little about.  He shows a lot of arrogant signs of someone who is a gambler and not an investor.  Patience is something which is often lacking in the investment world and somehow this fellow wants to hit it big-time by misleading people.  If he ever decides to take this seriously in the future, a Google search will give all kinds of awful results for "the Wohl of Wall Street."  He's really screwing himself.

But that is what comes with being on social media at such a young age these days.  You immortalize all the stupid things we all said as younger kids.  I'm glad social media wasn't around for my time, who knows what stupid stuff I would have been caught doing. 

I've often questioned the quality of pundits in the financial media but did FBN really have this kid on to talk about biotech stocks?  This whole thing is just ridiculous....
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: AzCactus on April 08, 2015, 04:16:40 PM
Anyone know what's going on with this company---it's somewhat imperative that he get shut down sooner rather than later. 
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Travis Wiedower on April 08, 2015, 04:30:20 PM
With the media attention he's receiving I'd think the SEC has to be on top of it but who knows.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: randomep on April 09, 2015, 10:55:28 AM
With the media attention he's receiving I'd think the SEC has to be on top of it but who knows.

And shouldn't the school principal be worried about this? Seems like he should be the first person to intervine....

But then again school principals are probably not sophisticated to realize how dangerous something like this could be......

I mean suppose, hypothetically, that his guy is running a ponzi scheme, and he is peddling this on school grounds to his classmates and teachers, couldn't the school get sued, just like if a teacher smacks a student....
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: muscleman on August 09, 2015, 10:46:52 AM
I am surprised that this guy is still alive.
I am learning series 65 and found that "Performance may be included in an advertisement if it covers a period of no less than 12 months". This guy is clearly violating that rule.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: permabear on August 13, 2015, 09:34:45 AM
It's okay. He's using a proprietary Quantum 2.0 strategy, so "whether the market goes up or down we still stand to produce returns." Not to worry, he's got it under control.

Watch him wrangle the futures markets live: http://wohlinvestments.com/watch-live (http://wohlinvestments.com/watch-live)
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: rijk on August 13, 2015, 09:58:24 AM
we have something in common, i have the same monitor, hp 23 inch, good value

fortunately, that's where the similarities end!
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: muscleman on August 13, 2015, 10:06:27 AM
It's okay. He's using a proprietary Quantum 2.0 strategy, so "whether the market goes up or down we still stand to produce returns." Not to worry, he's got it under control.

Watch him wrangle the futures markets live: http://wohlinvestments.com/watch-live (http://wohlinvestments.com/watch-live)

Quickly skipped through this long video. Didn't see any live trades at all. He was basically looking at the screen making non-sense TA comments.  :)
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: permabear on August 13, 2015, 10:35:55 AM
On one hand, I'm happy that a young kid is interested in investing/finance. On the other, he clearly has no idea what he's doing -- but he looks and sounds the part, so he seems to be convincing others that he will be successful.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: TwoCitiesCapital on August 13, 2015, 11:21:54 AM
It's okay. He's using a proprietary Quantum 2.0 strategy, so "whether the market goes up or down we still stand to produce returns." Not to worry, he's got it under control.

Watch him wrangle the futures markets live: http://wohlinvestments.com/watch-live (http://wohlinvestments.com/watch-live)

Quickly skipped through this long video. Didn't see any live trades at all. He was basically looking at the screen making non-sense TA comments.  :)

I listened to the whole thing in the background at work. No trades were made because the market wasn't really volatile enough on this particular Sunday...
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: rpadebet on August 13, 2015, 12:00:28 PM
I started investing by reading charts too. I was lucky that my timing and intuition sucked. I  tried many other things until I eventually stumbled upon Bruce Berkowitz , read his annual reports etc and got hooked onto Value Investing.

When I was "investing" somewhat similar to this, I was also lucky that no one offered me their money to invest. I am sure I would have taken the funds with both hands if offered. I was also lucky my dad wasn't a lawyer. Youtube was there but i just used it to watch short funny clips. Facebook wasn't open to everyone yet. I don't think Twitter existed.

If I weren't so lucky, I could have been like this kid too..... I don't think many of us here picked up the Intelligent Investor as soon as we learnt the word Apple.

I don't think the SEC or some other govt body should be investigating and suing him for fraud at this age. I like the drive and interest the kid has. If he is flexible enough he will eventually find his religion. If he is smart, he will learn what the market will teach him sooner or later. No need for the heavy hand of government to get involved to ruin his entire life.

Probably what the govt should do is ask all the people who want to invest money with him to give up their rights to sue him if he lost their money. That should limit the financial damage to only charitable individuals.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: permabear on April 26, 2016, 07:55:28 AM
Update on this thread. Check out this video: https://www.youtube.com/watch?v=YJJRApsYYsA
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: muscleman on April 26, 2016, 08:31:12 AM
Update on this thread. Check out this video: https://www.youtube.com/watch?v=YJJRApsYYsA

Did he wind down Wohl capital and started a trading training service?  :o
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: premfan on April 26, 2016, 08:33:56 AM
Update on this thread. Check out this video: https://www.youtube.com/watch?v=YJJRApsYYsA

I love the part where he says there are no distractions in the Hollywood hills.  I lived in Hollywood for nine months back in the day and yes there are glorious distractions.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: stahleyp on April 26, 2016, 09:09:16 AM
Director of Fun - sounds like a sweet gig.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: gurpaul88 on April 26, 2016, 10:05:01 AM
sign me up  ::)
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: TwoCitiesCapital on April 26, 2016, 11:46:30 AM
Update on this thread. Check out this video: https://www.youtube.com/watch?v=YJJRApsYYsA

I love the part where he says there are no distractions in the Hollywood hills.  I lived in Hollywood for nine months back in the day and yes there are glorious distractions.

+1

I've been to Hollywood before. Isn't the reason people go for the distractions? Lol.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: indythinker85 on April 26, 2016, 12:11:21 PM
Enjoy while you can looks like the fun may be coming to an end http://www.valuewalk.com/2016/04/wohl-leaves-twitter/ (http://www.valuewalk.com/2016/04/wohl-leaves-twitter/)
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: oddballstocks on April 26, 2016, 12:24:14 PM
Looks like he's running some trading program where you live in a house with hookers for $5k a week.  Interesting gig.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: merkhet on April 26, 2016, 12:32:07 PM
Looks like he's running some trading program where you live in a house with hookers for $5k a week.  Interesting gig.

I thought you said they were call girls?

(http://cdn.meme.am/instances/25785911.jpg)
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Jurgis on April 26, 2016, 12:38:27 PM
Looks like he's running some trading program where you live in a house with hookers for $5k a week.  Interesting gig.

It's like "Trading Places" only better!
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Picasso on April 26, 2016, 12:42:10 PM
Looks like he's running some trading program where you live in a house with hookers for $5k a week.  Interesting gig.

It's kind of like going to Vegas where you lose money but get some "free" drinks.  These guys are losing money but getting some free, er herm...

Jurgis, did you sign up yet? 
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: TwoCitiesCapital on April 26, 2016, 01:02:23 PM
Looks like he's running some trading program where you live in a house with hookers for $5k a week.  Interesting gig.

I thought you said they were call girls?

(http://cdn.meme.am/instances/25785911.jpg)

Cuz that's how you get an..a ton of money.

You know, so you can RAMPAGE!!!!!!
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Travis Wiedower on April 26, 2016, 01:02:31 PM
There are no distractions in Hollywood Hills.

...

We have two hookers living in our house.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Jurgis on April 26, 2016, 01:05:04 PM
Jurgis, did you sign up yet?

Learning programming languages for trading in Hollywood Hills with no ... ehm ... distractions?

(http://memecrunch.com/meme/1GR4P/hurry-up-and-take-my-money/image.png?w=500&c=1)
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: DTEJD1997 on April 26, 2016, 09:32:56 PM
Hey all:

At first, I thought this was a joke.   Kid isn't out of kollege yet...but he is running a hedge fund/trading fund?

I guess it helps to have a VERY rich father...

Who are the investors putting their money with him?

Perhaps the lesson of this is that we might be closer to a market top than what we think...
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: randomep on April 26, 2016, 10:00:08 PM


I just send an email asking for info on the course, and about Jennifer, the hooker, I mean the director of fun.

Will keep you all posted.....

Title: Re: Teen hedge fund manager - Wohl Capital
Post by: ZenaidaMacroura on April 27, 2016, 12:37:47 AM
Enjoy while you can looks like the fun may be coming to an end http://www.valuewalk.com/2016/04/wohl-leaves-twitter/ (http://www.valuewalk.com/2016/04/wohl-leaves-twitter/)
(http://i.imgur.com/Cdbei3j.jpg)
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Picasso on April 27, 2016, 11:17:15 AM
http://www.valuewalk.com/2016/04/jacob-wohl-hedge-fund-2/ (http://www.valuewalk.com/2016/04/jacob-wohl-hedge-fund-2/)

Quote
Bryant claims that Jacob Wohl would recruit Hollywood models to work with the firm, some off Craigslist and others off Backpage, a web site that contains an “adult” advertising section with titles such as “escorts, body rubs and adult jobs.”

This is just too good.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Pelagic on April 27, 2016, 12:33:34 PM
http://www.valuewalk.com/2016/04/jacob-wohl-hedge-fund-2/ (http://www.valuewalk.com/2016/04/jacob-wohl-hedge-fund-2/)

Quote
Bryant claims that Jacob Wohl would recruit Hollywood models to work with the firm, some off Craigslist and others off Backpage, a web site that contains an “adult” advertising section with titles such as “escorts, body rubs and adult jobs.”

This is just too good.

Trading compound by day, brothel by night.

Quote
Bryant said in his job as “Risk-Controller” he “never did anything risk related.” He would toil all day posting ads on Craigslist soliciting investors

It sounds to me from some of the jargon Wohl uses that he listened to Tasty Trade or Think or Swim's "Swim Lessons" for a while and now wants to teach what they teach under his own brand for 5 grand a course.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Picasso on April 27, 2016, 12:49:03 PM
He should start making t-shirts as his next big venture.

"I paid $5k/week for a trading course, and all I got was a lousy hand job and this stupid t-shirt."
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Jurgis on April 27, 2016, 12:51:06 PM
He should do a joint venture with a person-who-won't-be-named-because-he-sues-everyone-just-a-hint-he-owns-a-guys-mag.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: indythinker85 on May 11, 2016, 01:04:42 PM
Fake attorney letter?  ;D ;D ;D ;D ;D ;D ;D

The letter that is represented to have come from a legal firm but was not sent on the firm’s letterhead. It was further sent to Bryant on behalf of all Wohl’s “associates person,” the letter claimed, the first correction in a long list of issues.

http://www.valuewalk.com/2016/05/jacob-wohl-legal-threats/ (http://www.valuewalk.com/2016/05/jacob-wohl-legal-threats/)
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Picasso on June 06, 2016, 02:23:51 PM
https://youtu.be/fFy8gkgfSWs (https://youtu.be/fFy8gkgfSWs)

Shaking my damn head
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Jurgis on June 06, 2016, 02:44:57 PM
These kids are great media material.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Travis Wiedower on June 06, 2016, 02:59:14 PM
Phew they must have been sweating some of those in-depth questions:

"Do you think you're normal?"

"Do you have a curfew?"
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: gfp on June 06, 2016, 03:21:55 PM
Do you lie?

Yes I lie.

What scares you? 

If the flow of new investors was to dry up.  If I wasn't able to continue attracting new investors
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Pelagic on June 06, 2016, 05:19:41 PM
https://youtu.be/fFy8gkgfSWs (https://youtu.be/fFy8gkgfSWs)

Shaking my damn head

Called it! I knew he was part of the Tasty Trade cult.

"What would concern me the most would be investors drying up, and not getting more investors and being able to grow my business"
The next Bernie Madoff? At least the other kid said something vague about a Black Swan event and position sizing.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: permabear on June 06, 2016, 05:29:54 PM
If you can bear watching the video until the end, Jacob explains how he asks potential recruits whether they would (a) act to prevent a terrorist attack or (b) try to profit off of it. Truly an investment guru, this one.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Jurgis on June 06, 2016, 08:49:12 PM
If you can bear watching the video until the end, Jacob explains how he asks potential recruits whether they would (a) act to prevent a terrorist attack or (b) try to profit off of it. Truly an investment guru, this one.

True trader should be prepared to trade their mother for SPX option spread.

True story.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Mephistopheles on June 06, 2016, 10:44:56 PM
That video was god awful
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: permabear on June 07, 2016, 11:15:54 AM
If you can bear watching the video until the end, Jacob explains how he asks potential recruits whether they would (a) act to prevent a terrorist attack or (b) try to profit off of it. Truly an investment guru, this one.

True trader should be prepared to trade their mother for SPX option spread.

True story.

Are you a piece of shit?
>> Yes.
Hire this man.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Picasso on July 04, 2016, 12:27:45 PM
http://WohlGirls.com (http://WohlGirls.com)

Interesting new venture...
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: ScottHall on July 04, 2016, 01:06:30 PM
Do you guys ever feel bad for making fun of a teenager? lol
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Mephistopheles on July 04, 2016, 01:51:17 PM
I believe he's 18 now, so an adult 😁

Plus he's obnoxious
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: TwoCitiesCapital on July 05, 2016, 06:49:41 AM
Do you guys ever feel bad for making fun of a teenager? lol

Great question. No. lol
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Picasso on July 05, 2016, 11:29:35 AM
I don't think we're making fun of him?  I've heard from people close to the matter that he's lost all the money people invested with him, so you're seeing all these various schemes.  Maybe it's better to wait ten years until he's raised a massive ponzi scheme instead?  Okay.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: TwoCitiesCapital on July 05, 2016, 11:35:36 AM
I don't think we're making fun of him?  I've heard from people close to the matter that he's lost all the money people invested with him, so you're seeing all these various schemes.  Maybe it's better to wait ten years until he's raised a massive ponzi scheme instead?  Okay.

If he really had lost all of the money, I'm surprised it's not been better publicized. I'd imagine there'd be at least one angry person who would have been willing to go to the news with the story and what outlet wouldn't run it after blowing him up so much?
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: 50centdollars on July 05, 2016, 11:48:04 AM
I don't think we're making fun of him?  I've heard from people close to the matter that he's lost all the money people invested with him, so you're seeing all these various schemes.  Maybe it's better to wait ten years until he's raised a massive ponzi scheme instead?  Okay.

If he really had lost all of the money, I'm surprised it's not been better publicized. I'd imagine there'd be at least one agnry person who would have been willing to go to the news with the story and what outlet wouldn't run it of blowing him up so much?

Maybe people are embarrassed that they gave money to a teenager who lost it all.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Jurgis on July 05, 2016, 11:51:43 AM
Maybe they are getting free escorts in exchange for the lost money...  ::)
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: ScottHall on July 05, 2016, 12:10:30 PM
I don't think we're making fun of him?  I've heard from people close to the matter that he's lost all the money people invested with him, so you're seeing all these various schemes.  Maybe it's better to wait ten years until he's raised a massive ponzi scheme instead?  Okay.

Incompetence is not necessarily fraudulent. How many business people have failed, only to come back and succeed after multiple business attempts? Maybe this kid is doing these businesses with fraud as the intention, but he also may not be. I think an equally plausible solution is that he doesn't know what he's doing, but thinks he does.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Jurgis on July 05, 2016, 12:23:44 PM
I don't think we're making fun of him?  I've heard from people close to the matter that he's lost all the money people invested with him, so you're seeing all these various schemes.  Maybe it's better to wait ten years until he's raised a massive ponzi scheme instead?  Okay.

Incompetence is not necessarily fraudulent. How many business people have failed, only to come back and succeed after multiple business attempts? Maybe this kid is doing these businesses with fraud as the intention, but he also may not be. I think an equally plausible solution is that he doesn't know what he's doing, but thinks he does.

Scott,

You and others are free to reach out to this kid and set him on straight and narrow (and even teach him the best investing practices too :) ). No, I am serious. If anyone does that and they succeed, power to them and the kid. :)

Yeah, I'm just an Internetz lolcat.

You guys can do better. :)

Good luck and peace  :)
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Graham Osborn on July 05, 2016, 06:00:45 PM
God - I hope this thread survives.  I haven't laughed so hard in a very long time.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Foreign Tuffett on July 06, 2016, 05:27:29 PM
You guys have Wohl all wrong......

I would explain in detail, but I'm too busy doing lines of coke off models' butts after making lots of $$$$$ trading options.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Jurgis on July 06, 2016, 08:52:00 PM
You guys have Wohl all wrong......

I would explain in detail, but I'm too busy doing lines of coke off models' butts after making lots of $$$$$ trading options.

Ordered coke from Chipotle?  8)
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Hielko on July 07, 2016, 08:59:29 AM
I don't think we're making fun of him?  I've heard from people close to the matter that he's lost all the money people invested with him, so you're seeing all these various schemes.  Maybe it's better to wait ten years until he's raised a massive ponzi scheme instead?  Okay.

Incompetence is not necessarily fraudulent. How many business people have failed, only to come back and succeed after multiple business attempts? Maybe this kid is doing these businesses with fraud as the intention, but he also may not be. I think an equally plausible solution is that he doesn't know what he's doing, but thinks he does.
Sure, being totally incompetent is fine with other people's money! No harm done...
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: ScottHall on July 07, 2016, 10:09:03 AM
I don't think we're making fun of him?  I've heard from people close to the matter that he's lost all the money people invested with him, so you're seeing all these various schemes.  Maybe it's better to wait ten years until he's raised a massive ponzi scheme instead?  Okay.

Incompetence is not necessarily fraudulent. How many business people have failed, only to come back and succeed after multiple business attempts? Maybe this kid is doing these businesses with fraud as the intention, but he also may not be. I think an equally plausible solution is that he doesn't know what he's doing, but thinks he does.
Sure, being totally incompetent is fine with other people's money! No harm done...

Most of the asset management industry is incompetent. He just takes it to another level, or seems to anyway.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Picasso on August 23, 2016, 02:31:09 PM
https://www.nfa.futures.org/basicnet/CaseDocument.aspx?seqnum=4346
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: jmp8822 on August 23, 2016, 02:40:46 PM
https://www.nfa.futures.org/basicnet/CaseDocument.aspx?seqnum=4346

Wow.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: TwoCitiesCapital on August 23, 2016, 02:43:09 PM
https://www.nfa.futures.org/basicnet/CaseDocument.aspx?seqnum=4346

Lol! Surprised his father would get involved and put himself on the line like that. Certainly, as a lawyer, you'd think he'd have some sort of respect for regulatory agencies that you're required to comply with when you're running other people's money.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: permabear on August 23, 2016, 03:11:10 PM
https://www.nfa.futures.org/basicnet/CaseDocument.aspx?seqnum=4346

Lol! Surprised his father would get involved and put himself on the line like that. Certainly, as a lawyer, you'd think he'd have some sort of respect for regulatory agencies that you're required to comply with when you're running other people's money.

Wow! This is nuts. How did you find this out of curiosity?
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: smreitz on August 23, 2016, 03:55:35 PM
This is so much better than reading TMZ....
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: merkhet on August 23, 2016, 05:01:26 PM
https://www.nfa.futures.org/basicnet/CaseDocument.aspx?seqnum=4346

Lol! Surprised his father would get involved and put himself on the line like that. Certainly, as a lawyer, you'd think he'd have some sort of respect for regulatory agencies that you're required to comply with when you're running other people's money.

You're assuming the father is involved. They have a phone call and an e-mail. Unless I missed it, no face to face meeting occurred.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Liberty on August 23, 2016, 05:05:37 PM
https://www.nfa.futures.org/basicnet/CaseDocument.aspx?seqnum=4346

Lol! Surprised his father would get involved and put himself on the line like that. Certainly, as a lawyer, you'd think he'd have some sort of respect for regulatory agencies that you're required to comply with when you're running other people's money.

You're assuming the father is involved. They have a phone call and an e-mail. Unless I missed it, no face to face meeting occurred.

The father is actually the fund's compliance officer and legal counsel.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Picasso on August 23, 2016, 05:15:19 PM
On a positive note, it looks like he didn't lose money in his "fund?"  Maybe just spent it on hookers?  Or maybe put the funds in another account and lost it there?  Tune in next time to find out...
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: jmp8822 on August 25, 2016, 06:17:12 PM
http://finance.yahoo.com/news/teenage-hedge-fund-manager-jacob-000000415.html

"Teenage hedge fund manager Jacob Wohl — nicknamed “Wohl of Wall Street” — had his first run-in with a regulator.  The National Futures Association (NFA) — a self-regulator for the US futures market — has issued a complaint against the 18-year-old and his (now former) firm, NeX Capital Management, alleging they failed to cooperate with the regulator in its attempted examination of the fund.  Back in June, the NFA tried to conduct an unannounced examination into Wohl’s NeX Capital, according to the NFA complaint."
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: merkhet on August 25, 2016, 06:37:09 PM
https://www.nfa.futures.org/basicnet/CaseDocument.aspx?seqnum=4346

Lol! Surprised his father would get involved and put himself on the line like that. Certainly, as a lawyer, you'd think he'd have some sort of respect for regulatory agencies that you're required to comply with when you're running other people's money.

You're assuming the father is involved. They have a phone call and an e-mail. Unless I missed it, no face to face meeting occurred.

The father is actually the fund's compliance officer and legal counsel.

Wow. His responses are surprising for a lawyer.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Mephistopheles on August 25, 2016, 07:55:04 PM
At least the kid lived up to the nickname "Wohl(Wolf) of Wall Street".

Gotta give him or whomever gave him that name credit for that.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: ratiman on August 30, 2016, 12:38:51 PM
Follow @Guruleaks1 for the latest in Wohl news. It's really pretty unbelievable. This is from his new website.

(https://pbs.twimg.com/media/CrH0LXdWgAAE9cG.jpg:large)
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Philip Morris IV on August 30, 2016, 01:17:34 PM
I wonder how they will house these employees.  If you check Montgomery's website with their office locations, all of the US-based addresses point to virtual office companies (Regus, Servcorp etc.).  They are giving the impression they have offices in all these cities when in reality they are renting mailboxes with the periodic use of a conference room.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: rawraw on August 30, 2016, 01:50:29 PM
I wonder how they will house these employees.  If you check Montgomery's website with their office locations, all of the US-based addresses point to virtual office companies (Regus, Servcorp etc.).  They are giving the impression they have offices in all these cities when in reality they are renting mailboxes with the periodic use of a conference room.
Work from home bro!  It's the American dream
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Liberty on August 30, 2016, 02:41:10 PM
https://www.nfa.futures.org/basicnet/CaseDocument.aspx?seqnum=4346

Lol! Surprised his father would get involved and put himself on the line like that. Certainly, as a lawyer, you'd think he'd have some sort of respect for regulatory agencies that you're required to comply with when you're running other people's money.

You're assuming the father is involved. They have a phone call and an e-mail. Unless I missed it, no face to face meeting occurred.

The father is actually the fund's compliance officer and legal counsel.

Wow. His responses are surprising for a lawyer.

Nobody said he was a good lawyer...
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: merkhet on August 30, 2016, 03:32:32 PM

Wow. His responses are surprising for a lawyer.

Nobody said he was a good lawyer...

lol, fair point
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Liberty on August 31, 2016, 01:08:22 PM

Wow. His responses are surprising for a lawyer.

Nobody said he was a good lawyer...

lol, fair point

(http://www.simpsonspark.com/images/persos/contributions/lionel-hutz-21968.jpg)
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Liberty on September 01, 2016, 01:19:59 PM
Via @midtownmusings on Twitter:

https://houston.craigslist.org/fns/5742302479.html

17.5% for 10 years! Where do I sign up?

 ???
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: jmp8822 on September 01, 2016, 01:57:36 PM
Via @midtownmusings on Twitter:

https://houston.craigslist.org/fns/5742302479.html

17.5% for 10 years! Where do I sign up?

 ???

This is like a live version of the American Greed TV show. This guy needs to be banned from the securities industry forever, at the rate he is going.

It seems like half of the American Greed shows feature an FBI agent describing how a high rate of interest was promised by some guy and then investors didn't receive their money back. Then the guy went to jail for 20 years.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: TwoCitiesCapital on September 01, 2016, 02:14:23 PM
Quote
These aren't for gamblers that call themselves investors, these are for seasoned, well-healed investors seeking out safe yield.

The stock market is dangerous.
The bond market is dangerous.
Gold doesn't pay dividends or generate income.

Montgomery's notes are the perfect balance of yield and liquidity for many investors.

One wonders:
1) Why wouldn't a gambler want these yields? Hell, a 17% yield sounds like gambling to me, but I just don't see anything about these bonds that would turn a gambler off
2) What kind of liquidity is offered for bonds that you buy directly from the source off of Craigslist? Is there a liquid market for worthless pieces of paper somewhere?

Title: Re: Teen hedge fund manager - Wohl Capital
Post by: jmp8822 on September 01, 2016, 02:28:14 PM
Quote
These aren't for gamblers that call themselves investors, these are for seasoned, well-healed investors seeking out safe yield.

Perhaps gamblers without much money will need to be "well-healed" after making an investment with Wohl.  Elsewhere, the well-heeled investors will likely ignore his pitch.

Maybe his error is foreshadowing the healing his victims could need.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Pelagic on September 01, 2016, 05:34:47 PM
Here are the other "secured" notes

http://phoenix.craigslist.org/wvl/fns/5715557480.html

"We can get you in on these deals with an investment as low as $20K, making you 8% in 6 months Guaranteed."

Who knew Craigslist was the place to go for high yield debt.


Title: Re: Teen hedge fund manager - Wohl Capital
Post by: UNF2007 on September 01, 2016, 06:31:36 PM
How has this guy not been stopped?
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: jmp8822 on September 01, 2016, 07:15:27 PM
How has this guy not been stopped?

Apparently the futures regulators tried - maybe it will take handcuffs.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Liberty on September 02, 2016, 04:38:21 AM
Quote
These aren't for gamblers that call themselves investors, these are for seasoned, well-healed investors seeking out safe yield.

The stock market is dangerous.
The bond market is dangerous.
Gold doesn't pay dividends or generate income.

Montgomery's notes are the perfect balance of yield and liquidity for many investors.

One wonders:
1) Why wouldn't a gambler want these yields? Hell, a 17% yield sounds like gambling to me, but I just don't see anything about these bonds that would turn a gambler off
2) What kind of liquidity is offered for bonds that you buy directly from the source off of Craigslist? Is there a liquid market for worthless pieces of paper somewhere?

The whole ad is just signaling, the words don't really mean anything...
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Liberty on September 02, 2016, 10:06:35 AM
Some things are beyond parody...

https://twitter.com/JacobAWohl/status/771712578808451072
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: beerbaron on September 02, 2016, 08:40:11 PM
Some things are beyond parody...

https://twitter.com/JacobAWohl/status/771712578808451072

Lol, if he can't invest he sure knows how to hire great employees.

I like the TM after director of fun.

I wouldn't be able to invent this shit if I wanted to.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: permabear on September 02, 2016, 09:04:53 PM
The more I look through this kid's website and twitter feed, the more confused I get. He's hiring a VP of Shipping & Energy out of Dallas, what in the actual fuck? Did these job descriptions come with the website template or did he make them up? http://montgomeryassets.com/careers
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: permabear on September 02, 2016, 09:08:05 PM
LOL... Montgomery Prime is a wealth management solution offered to celebs and HNW individuals. http://montgomeryassets.com/prime

Requirements include $500k min investment, $10m min net worth and "High profile or celebrity status required"

If anyone parks $500k with this nutjob they deserve to lose it all.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: cayale on September 03, 2016, 12:35:17 AM
The more I look through this kid's website and twitter feed, the more confused I get. He's hiring a VP of Shipping & Energy out of Dallas, what in the actual fuck? Did these job descriptions come with the website template or did he make them up? http://montgomeryassets.com/careers

As a piece of performance art, this is amazing.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Liberty on September 03, 2016, 07:53:05 PM
The more I look through this kid's website and twitter feed, the more confused I get. He's hiring a VP of Shipping & Energy out of Dallas, what in the actual fuck? Did these job descriptions come with the website template or did he make them up? http://montgomeryassets.com/careers

It's 100% signalling. A puffer fish trying to look bigger than it is. Pretend they're a real company with real jobs all around the world...
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Picasso on September 04, 2016, 10:35:30 AM
I saw this post on /r/wallstreetbets and Wohl suddenly made sense to me.

https://www.reddit.com/r/wallstreetbets/comments/50zfeh/anyone_use_their_paper_trading_account_to_get/ (https://www.reddit.com/r/wallstreetbets/comments/50zfeh/anyone_use_their_paper_trading_account_to_get/)

He's just trying to get laid by appearing as an international businessman. 
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: arcube on September 04, 2016, 10:42:58 AM
I saw this post on /r/wallstreetbets and Wohl suddenly made sense to me.

https://www.reddit.com/r/wallstreetbets/comments/50zfeh/anyone_use_their_paper_trading_account_to_get/ (https://www.reddit.com/r/wallstreetbets/comments/50zfeh/anyone_use_their_paper_trading_account_to_get/)

He's just trying to get laid by appearing as an international businessman.

Exactly! Between the names, " Beverly Asset ...", job postings, twitter feeds..etc. that seems to be the game here..  there is a lot of struggling talent and gold diggers in LA ....

Title: Re: Teen hedge fund manager - Wohl Capital
Post by: nodnub on September 06, 2016, 12:19:26 AM
Getting tired of seeing these same B.S. threads pop up every day. I feel like I get a little dumber every time I see this thread come up. Do we really need to discuss every 19 year old schmuck on COBF?  Every link to his website we post is just increasing his google search rank...   good work team!  /s   :-\

Is there an "ignore/hide thread" button somewhere that I haven't discovered on here?





Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Jurgis on September 06, 2016, 02:36:48 AM
Is there an "ignore/hide thread" button somewhere that I haven't discovered on here?

There isn't. I think I asked Sanjeev about it, but my understanding is that Sanjeev won't make any changes to the forum. You've got what you've got.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Liberty on September 06, 2016, 03:39:21 AM
There's a thing called "don't read it/don't click on it". It also works everywhere else on the internet. It's particularly useful since no two people want to read the same things.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Jurgis on September 06, 2016, 03:52:22 AM
There's a thing called "don't read it/don't click on it". It also works everywhere else on the internet. It's particularly useful since no two people want to read the same things.

Yeah, but there are efficiency improvements to that. It takes couple seconds/minutes to think and skip vs. when you mark something to ignore and it's skipped automatically. Automation is useful. :)
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Liberty on September 06, 2016, 07:17:24 AM
There's a thing called "don't read it/don't click on it". It also works everywhere else on the internet. It's particularly useful since no two people want to read the same things.

Yeah, but there are efficiency improvements to that. It takes couple seconds/minutes to think and skip vs. when you mark something to ignore and it's skipped automatically. Automation is useful. :)

I'm not saying it's not useful, I'm saying "welcome to real life, where you can't always get what you want." When I scan the frontpage of pretty much any website, I see things that don't interest me, and I just don't click on them. Going in a thread that you don't like to complain about it is more about social signalling than about truly wanting to "save time" or "avoid seeing that thing" since it both takes more time and exposes you more to that topic than if you had just ignored it in the first place.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: glorysk87 on September 06, 2016, 08:53:19 AM
Holy shit haha:

https://twitter.com/lesmicek/status/755843401526812673
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: TwoCitiesCapital on September 06, 2016, 10:19:01 AM
Holy shit haha:

https://twitter.com/lesmicek/status/755843401526812673

Well, if it wasn't clear before it, it is now. The kid is a phony. He gave up on trading because he realized it was probably easier to dupe people out of cash and run with it. Crazy when you think he started with money from his highschool teachers who totally trusted him...

someone put this dude in prison already.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Liberty on September 06, 2016, 10:36:58 AM
someone put this dude in prison already.

That's the crazy thing about all this. There are scams everywhere, but this is so blatant and public. When Matt Levine, one of the most read guys in finance, frequently writes about it, you'd think the regulators would be aware... But they're moving at a snail's pace.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: TwoCitiesCapital on September 06, 2016, 10:38:27 AM
someone put this dude in prison already.

That's the crazy thing about all this. There are scams everywhere, but this is so blatant and public. When Matt Levine, one of the most read guys in finance, frequently writes about it, you'd think the regulators would be aware... But they're moving at a snail's pace.

They always do. That's why we need short sellers in the market.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: eclecticvalue on September 06, 2016, 11:43:27 AM
Someone had to alert the regulators by now.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: beerbaron on September 07, 2016, 05:38:51 PM
Who is Leslie Micek?

Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Ballinvarosig Investors on September 08, 2016, 11:29:58 PM
(https://pbs.twimg.com/media/Cr3cJEfVMAAyZ2b.jpg)
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Liberty on September 09, 2016, 04:40:16 AM
He's like a baby Trump in the way he writes.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: indythinker85 on September 09, 2016, 06:27:50 AM
Who is Leslie Micek?

No clue but would like to invest with her

[/quote]
He's like a baby Trump in the way he writes.

Funny you mention that  https://twitter.com/JacobAWohl/status/759552649633013760 http://therightscoop.com/pathetic-trump-supporter-davidwohl-says-it-was-manly-for-trump-to-attack-cruzs-wife/
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: permabear on September 09, 2016, 06:50:57 AM
He's like a baby Trump in the way he writes.

+1
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: permabear on September 09, 2016, 06:54:23 AM
These are very Trump-esque
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: permabear on September 09, 2016, 06:55:35 AM
BTW how do you insert a picture into the post itself? I tried clicking "Insert Image", but it just pulls up "[img.][./img]" and the image is on my computer. thx
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Mephistopheles on September 09, 2016, 07:09:08 AM
This seems like a parody account... too good to be true imo. His description on Twitter says "Make Investing Great Again"
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: permabear on September 09, 2016, 07:17:04 AM
This seems like a parody account... too good to be true imo. His description on Twitter says "Make Investing Great Again"

Oh it's no parody. This kid will be in a real jail cell in the next 5 years  :P
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: TwoCitiesCapital on November 29, 2016, 05:10:10 PM
Everyone's favorite hedge fund manager is back!

https://video.vice.com/en_us/video/meet-the-teen-finance-guru-who-makes-more-money-than-you/583c6b45f7e47c525b61a2f4?latest=1 (https://video.vice.com/en_us/video/meet-the-teen-finance-guru-who-makes-more-money-than-you/583c6b45f7e47c525b61a2f4?latest=1)
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Liberty on March 06, 2017, 10:13:54 AM
Looks like we're getting closer to the end of this story...

http://docket.images.azcc.gov/0000173586.pdf
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: ScottHall on March 06, 2017, 08:11:00 PM
Looks like we're getting closer to the end of this story...

http://docket.images.azcc.gov/0000173586.pdf

How interesting is this. It sounds like the guy barely raised any capital, and now all these fines?

I guess they'll probably reach some sort of settlement.

FWIW I don't think anything this guy did should be illegal, necessarily. I think his marketing is pretty creative. Guess it wasn't very effective, though.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: racemize on March 06, 2017, 08:17:00 PM
I hope he has to repay every person all of their original capital, with interest.  If he doesn't, he ought to go to jail.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: bci23 on March 06, 2017, 09:01:46 PM
I hope he has to repay every person all of their original capital, with interest.  If he doesn't, he ought to go to jail.

+1. Lock his dad up before Jacob though imo.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: DTEJD1997 on March 06, 2017, 09:32:03 PM
Hey all:

If this guy is such a big money player...why was he courting folks with 15k to invest?

I would think that a measly $15k is simply a day or two profits to him.  Why even bother?

If you were going to be such a big player...

The folks that "invested" with him are lucky to be taking only 60% haircuts!  I am shocked that they are getting anything at all back.

I watched a couple of interviews with him and he seems to be mildly developmentally disabled.  Something is off about him...

I wouldn't trust the dude to mow my lawn or clean my pool, let alone make me money!  hahaha

Title: Re: Teen hedge fund manager - Wohl Capital
Post by: rb on March 06, 2017, 10:22:01 PM
Wow! Reading that notice is absolutely mind blowing.

He was charging 3 and 20. Someone had a high opinion of himself. And he indicated that a trade had a 99.5% probability of being profitable. Just wondering how the determination was made that the probability was 99.5 as opposed to 99.3. No need to answer it's a rhetorical question.

Basically at the end of the day this guy was a small time crook. So a few serious questions come to mind:

1. How did this guy get on business channels?

2. How did he get anybody's money. I mean he wasn't even a good crook. Reading that notice describing of how he presented himself all the crook signs should be flashing red.

3. How could he afford to build this profile for himself. This kind of stuff costs serious money (ask Ackman). Even with 3 and 20 he couldn't afford that just from the fees.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Hielko on March 07, 2017, 01:14:51 AM
I'm pleasantly surprised that he got so little money from so few investors despite all the media attention he's got.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Green King on March 07, 2017, 05:03:49 AM
shows over guys, it was fun while it lasted.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Travis Wiedower on March 07, 2017, 06:12:38 AM
3. How could he afford to build this profile for himself. This kind of stuff costs serious money (ask Ackman). Even with 3 and 20 he couldn't afford that just from the fees.

I don't feel like rereading this thread, but I think I remember his dad being successful. Could be misremembering.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: John Hjorth on March 07, 2017, 11:03:25 AM
3. How could he afford to build this profile for himself. This kind of stuff costs serious money (ask Ackman). Even with 3 and 20 he couldn't afford that just from the fees.

I don't feel like rereading this thread, but I think I remember his dad being successful. Could be misremembering.

I have the same recollection, Travis, - without tracing it back in this topic. The father is a lawyer or something like that. Actually, it's a sad story. To me, this is the story of the failure of a father, not keeping a eye on a son, who indeed really needed guidance and advice in his endavours.

My Danish teacher in high school talked a lot about "Rich people's stupid kids".
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Liberty on March 07, 2017, 11:10:43 AM
3. How could he afford to build this profile for himself. This kind of stuff costs serious money (ask Ackman). Even with 3 and 20 he couldn't afford that just from the fees.

I don't feel like rereading this thread, but I think I remember his dad being successful. Could be misremembering.

I have the same recollection, Travis, - without tracing it back in this topic. The father is a lawyer or something like that. Actually, it's a sad story. To me, this is the story of the failure of a father, not keeping a eye on a son, who indeed really needed guidance and advice in his endavours.

My Danish teacher in high school talked a lot about "Rich people's stupid kids".

From what I've seen of the father on Twitter, I think the apple didn't fall very far from the tree....
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: John Hjorth on March 07, 2017, 11:54:49 AM
3. How could he afford to build this profile for himself. This kind of stuff costs serious money (ask Ackman). Even with 3 and 20 he couldn't afford that just from the fees.

I don't feel like rereading this thread, but I think I remember his dad being successful. Could be misremembering.

I have the same recollection, Travis, - without tracing it back in this topic. The father is a lawyer or something like that. Actually, it's a sad story. To me, this is the story of the failure of a father, not keeping a eye on a son, who indeed really needed guidance and advice in his endavours.

My Danish teacher in high school talked a lot about "Rich people's stupid kids".

From what I've seen of the father on Twitter, I think the apple didn't fall very far from the tree....

Mr. Wohl the younger is a psychopath, who hasen't been tamed. [OPM = OPHEAMATUYAAIUL] [~ Other People's Hard Earned Money After Tax Unless You Are An Idiot Using Leverage].
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: muscleman on July 04, 2017, 07:23:22 PM
https://twitter.com/JacobAWohl/status/882021780323311616

I am really surprised that Donald Trump read and retweeted this guy.  :o
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Desert_Rat on July 04, 2017, 11:12:02 PM
I've been watching this Wohl character just to see if he would be successful or not. He head bobs on every Trump tweet with, I'm sure, the goal of having DJT follow him. I'm ashamed Trump may be falling for the obviousness of it all.

Anyway, drama over, time to unfollow Wohl.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Travis Wiedower on July 05, 2017, 08:24:50 AM
https://twitter.com/JacobAWohl/status/882021780323311616

I am really surprised that Donald Trump read and retweeted this guy.  :o

Ugh, so much AIDS in one Twitter thread. Thanks for wasting five minutes of my life  :P
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: thowed on August 17, 2017, 10:40:19 AM
I feel dirty posting this.

https://www.bloomberg.com/news/articles/2017-08-17/meet-trump-s-latest-market-whisperer-19-year-old-jacob-wohl
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: rb on August 17, 2017, 10:50:59 AM
I feel dirty posting this.

https://www.bloomberg.com/news/articles/2017-08-17/meet-trump-s-latest-market-whisperer-19-year-old-jacob-wohl
Is this guy not in jail yet?

This part made me laugh though:

Quote
He said he’s available if Trump is looking for replacements for the likes of JPMorgan Chase & Co.’s Dimon
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: John Hjorth on August 17, 2017, 10:54:38 AM
You beat me to it, rb, hilarious!
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Liberty on October 26, 2017, 07:04:49 PM
The wheels of justice sure as slow... But at least moving:

http://www.valuewalk.com/2017/10/jacob-wohl-rt/

Maybe he'll be cellmate with Shkreli someday...
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: gfp on October 26, 2017, 07:33:22 PM
So you mean I'm not going to get my 500,000 back with 17.5% compounded interest in 10 years???

The wheels of justice sure as slow... But at least moving:

http://www.valuewalk.com/2017/10/jacob-wohl-rt/

Maybe he'll be cellmate with Shkreli someday...
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Liberty on October 27, 2017, 08:03:05 AM
So you mean I'm not going to get my 500,000 back with 17.5% compounded interest in 10 years???

Well, the Wohl family has been sucking up to Trump hard, so you never know what corruption can get you...
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: John Hjorth on October 27, 2017, 08:07:37 AM
lol, you seem to be in good mood today, Liberty! I suppose for two good reasons - congrats on the two additions to come, ref. your post in the Apple topic earlier today!
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Liberty on July 19, 2018, 09:04:58 AM
https://twitter.com/indianaoldsoul/status/1018949421407580161
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Liberty on October 30, 2018, 12:45:14 PM
Looks like our favorite scumbag, Jacob Wohl, and his family of scumbags, is up to no good again:

https://twitter.com/oneunderscore__/status/1057351444905558016

https://twitter.com/PlanMaestro/status/1057348645568290816

https://www.thedailybeast.com/inside-the-crazy-cabal-trying-to-smear-robert-mueller

The stories about this guy... the doucheiest of doucheiest stuff:

https://twitter.com/KeyserSozeBro1/status/1057327339237974016

https://twitter.com/lesmicek/status/755838653243400193
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: gfp on October 30, 2018, 12:51:29 PM
Wow.  It would be hilarious but its somehow not?  What a star
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Liberty on October 30, 2018, 01:00:32 PM
Wow.  It would be hilarious but its somehow not?  What a star

He and his dad are like B characters in a Coens bros movie... Someday he'll have a jail blog like Shkreli.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: gfp on October 30, 2018, 01:02:05 PM
He must have cases pending against him for all the hedge fund / securities fraud stuff right?  It's pretty surprising that he isn't currently in prison.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: rb on October 30, 2018, 01:04:35 PM
He must have cases pending against him for all the hedge fund / securities fraud stuff right?  It's pretty surprising that he isn't currently in prison.
Well the US is pretty nice to white collar crooks. But his one may put him over the top.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: rb on October 30, 2018, 01:06:48 PM
Wow! He created a fake company to do a conspiratorial hoax. Then registered the website domain of said company in his name and the phone number redirects to his mom's voice mail. This guy is literally too stupid to insult.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Liberty on October 30, 2018, 01:59:39 PM
Wow! He created a fake company to do a conspiratorial hoax. Then registered the website domain of said company in his name and the phone number redirects to his mom's voice mail. This guy is literally too stupid to insult.

Obvious why he loves Trump so much. Literally thick as thieves.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: johnny on October 30, 2018, 04:56:37 PM
can't stop dreaming of jacob in white collar juvie, getting turned out over a sourheads debt after a bad run of luck at pokemon TCG
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Liberty on October 30, 2018, 06:27:56 PM
Incompetence all the way down:

https://twitter.com/arictoler/status/1057352982768074753?s=21

Used stock photos to populate his fake agency...
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Liberty on October 30, 2018, 06:31:53 PM
He was accusing real victims of being fakes WHILE setting up his fake victim fraud...

https://twitter.com/keubiko/status/1057423929327837184?s=21
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: investor-man on October 30, 2018, 06:47:05 PM
I'm still the only person on the planet who just feels bad for the kid. Poor dumb kid. Hopefully this stops him.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: rb on October 30, 2018, 08:43:38 PM
I'm still the only person on the planet who just feels bad for the kid. Poor dumb kid. Hopefully this stops him.
I might feel bad for him but my patience is running pretty thin these days for rich entitled white collar crooks.

And c'mon man! He though he was gonna take down a former FBI director with a website featuring his mom's voicemail. Then the big spies featured on the "intelligence" website were Christoph Walts and Bar Rafaeli? Bar Rafaeli?!! Seriously?! Like nobody was gonna figure that one out. This is like a case that needs to go on Judge Judy.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: DTEJD1997 on October 30, 2018, 08:52:02 PM
Hey all:

UNDERSTAND THIS IS JUST PURE SPECULATION and not real legal advice....

If I were his attorney, I would play the diminished capacity card.  Specifically, that the poor kid is literally retarded and does not really understand what he is doing.

I think this would be his best chance of escaping punishment.

The interwebs are abuzz with tales of his adventures that would support my defense.

Absolutely epic...but what a way to go out...
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: rb on October 30, 2018, 09:13:03 PM
Hey DTEJD, I'm not a lawyer and you are so I don't mean to tell you your business so don't take this the wrong way.

But you'd seriously go with a diminished capacity defense instead of taking a plea deal as soon as you can get your hands on one, assuming they'll even offer one?
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: DTEJD1997 on October 30, 2018, 09:49:48 PM
Hey DTEJD, I'm not a lawyer and you are so I don't mean to tell you your business so don't take this the wrong way.

But you'd seriously go with a diminished capacity defense instead of taking a plea deal as soon as you can get your hands on one, assuming they'll even offer one?

I guess it would depend on what the plea deal is.

I think it is clear that Mr. Wohl is "not all there"...and that is what I would focus on most likely.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Liberty on October 31, 2018, 03:30:54 AM
Other websites he owns...  ???

https://twitter.com/patbennettaz/status/1057511260118544384?s=21
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Liberty on October 31, 2018, 03:33:30 AM
I'm still the only person on the planet who just feels bad for the kid. Poor dumb kid. Hopefully this stops him.

If he was 16 maybe. He's old enough that his brain is mature. And a lot of dumb people are moral. His problem isn't just being dumb, it's having zero integrity too. I don't feel bad for con men. Nobody's forcing them to do what they do.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: John Hjorth on October 31, 2018, 04:35:19 AM
Jacob Wohl has actually managed to contribute to the fun going on at the DPRK News Service Twitter account (https://twitter.com/DPRK_News/status/1057368135064580097).

Wohl ... Asylum in DPRK? - In that case it's likely the only application for asylum DPRK has ever received. -I'm having a near death experience here. [ : - D]
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: DooDiligence on October 31, 2018, 04:54:22 AM
Jacob Wohl has actually managed to contribute to the fun going on at the DPRK News Service Twitter account (https://twitter.com/DPRK_News/status/1057368135064580097).

Wohl ... Asylum in DPRK? - In that case it's likely the only application for asylum DPRK has ever received. -I'm having a near death experience here. [ : - D]

Wohl, and then DJT could make application #2.

 ;D ;D ;D ;D ;D
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Liberty on October 31, 2018, 11:52:46 AM
(https://pbs.twimg.com/media/Dq2aVXLWoAAyvJ9.jpg)

https://twitter.com/HipboneJonez/status/1057671184723132417
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Liberty on October 31, 2018, 01:46:17 PM
https://twitter.com/thetomzone/status/1057383937893416962?s=21

The more you dig, the more incompetence you find...
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: John Hjorth on October 31, 2018, 03:39:40 PM
https://twitter.com/thetomzone/status/1057383937893416962?s=21

The more you dig, the more incompetence you find...

This is nothing less than hilarious.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Pelagic on October 31, 2018, 07:25:18 PM
Other websites he owns...  ???

https://twitter.com/patbennettaz/status/1057511260118544384?s=21

These are hilarious, talk about diversifying into different businesses.

Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Parsad on October 31, 2018, 09:01:21 PM
https://twitter.com/thetomzone/status/1057383937893416962?s=21

The more you dig, the more incompetence you find...

As if it couldn't get any worse for Wohl...Colbert tore him apart tonight as well!  Cheers!
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: nkp007 on October 31, 2018, 09:16:26 PM
Ehhhh....people talking about him energizes him. He's just like Trump. Any attention is $$$.

Ignoring him is the worst thing that he thinks can ever happen to him.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: LC on October 31, 2018, 09:40:26 PM
I'm still the only person on the planet who just feels bad for the kid. Poor dumb kid. Hopefully this stops him.

If he was 16 maybe. He's old enough that his brain is mature. And a lot of dumb people are moral. His problem isn't just being dumb, it's having zero integrity too. I don't feel bad for con men. Nobody's forcing them to do what they do.

Exactly.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: rb on October 31, 2018, 09:54:54 PM
Ehhhh....people talking about him energizes him. He's just like Trump. Any attention is $$$.

Ignoring him is the worst thing that he thinks can ever happen to him.
I think you're partly right. But attention from the FBI usually doesn't translate into $$$. Also the more people find out that he's a crook the more people are safe from being swindled by this guy.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Liberty on November 01, 2018, 08:04:03 AM
Ehhhh....people talking about him energizes him. He's just like Trump. Any attention is $$$.

Ignoring him is the worst thing that he thinks can ever happen to him.

The way justice works in the US, putting attention on him will push law enforcement to have a look. That's what happened to Shkreli.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Liberty on November 01, 2018, 09:53:58 AM
The absurdist comedy continues, here's the Wohl press conference:

https://twitter.com/jaredlholt/status/1058018402877476865

"Burkman says Wohl is a child prodigy who eclipses Mozart"

 ???
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: augustabound on November 01, 2018, 11:13:04 AM
I love his dad's Twitter bio.
"Proud Father of @JacobAWohl + 3 other great kids."

I've got 3 other kids, I can't quite remember their names right now.  But they're great too....
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Value^2 on November 01, 2018, 11:26:53 AM
The absurdist comedy continues, here's the Wohl press conference:

https://twitter.com/jaredlholt/status/1058018402877476865

Why they'd go this far if they had nutting?
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Liberty on November 01, 2018, 11:29:24 AM
I love his dad's Twitter bio.
"Proud Father of @JacobAWohl + 3 other great kids."

I've got 3 other kids, I can't quite remember their names right now.  But they're great too....

Narcissists will latch on to whatever gives them most attention.

Kind of like Trump and Ivanka vs all his other kids...

Full story of the press conference:

https://dealbreaker.com/2018/11/we-went-to-jacob-wohls-most-important-press-conference-ever-and-it-was-everything-wed-hoped-it-would-be/
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Value^2 on November 01, 2018, 11:55:22 AM
Jacob Wohl & Jack Burkman press conference on the alleged Mueller victim

https://www.youtube.com/watch?v=5Vl5AhM0i0o
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: TwoCitiesCapital on November 01, 2018, 11:56:08 AM
I love his dad's Twitter bio.
"Proud Father of @JacobAWohl + 3 other great kids."

I've got 3 other kids, I can't quite remember their names right now.  But they're great too....

Narcissists will latch on to whatever gives them most attention.

Kind of like Trump and Ivanka vs all his other kids...

Full story of the press conference:

https://dealbreaker.com/2018/11/we-went-to-jacob-wohls-most-important-press-conference-ever-and-it-was-everything-wed-hoped-it-would-be/

This is freaking comedy gold!

Quote
At about 11:50, Jacob looked over his shoulder at the small room behind him. “Full crowd,” he said in a stage whisper to no one in particular. Approximately 30% of the seats were empty.


This quote sets the tone for the entire article. lol
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Liberty on November 01, 2018, 12:09:04 PM
This is freaking comedy gold!

Quote
At about 11:50, Jacob looked over his shoulder at the small room behind him. “Full crowd,” he said in a stage whisper to no one in particular. Approximately 30% of the seats were empty.


This quote sets the tone for the entire article. lol

I loved Burkman saying that Wohl was like Mozart while his fly was down...

Quote
The document provided a surfeit of different spellings and Wohl seemed incapable of agreeing with Burkman [who somehow left the fly of his suit pants unzipped throughout the event] on a correct spelling of her name. [...]

Burkman leaned into the microphone and said with total sincerity that “Jacob is a child prodigy who has eclipsed Mozart.”

His fly was still down.

This is a special moment like that guy wearing the wolf mask puking because he bet it all on a short into Apple's earnings and the stock went up...

(https://ei.marketwatch.com/Multimedia/2017/02/01/Photos/ZH/MW-FE922_apple_20170201115946_ZH.jpg?uuid=d5d7bb9e-e89f-11e6-9af2-001cc448aede)
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: DooDiligence on November 01, 2018, 05:27:35 PM
Probably should have compared Wohl to Franz von Walsegg instead.

https://en.wikipedia.org/wiki/Requiem_(Mozart)

https://en.wikipedia.org/wiki/Franz_von_Walsegg
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: rb on November 01, 2018, 10:05:57 PM
You just have to wonder and shake your head about the balls on these guys. I mean you have deuchy Mozart there thinking that he can frame the guy who took down John Gotti from his mom's basement with a fake website and a verizon family plan. Maybe the reason the other guy's fly was down is because it had to be. It could possibly accommodate the size of his balls otherwise.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Liberty on November 02, 2018, 07:43:24 AM
I can't believe it. It just keeps getting dumber and dumber...

https://twitter.com/GossiTheDog/status/1058286750378967040

"Jacob Wohl tweeted this photo of the ‘Mueller accuser’ (left), who failed to turn up to his press confidence. You can just stick it into Google Images to get her face, since that exact photo is old, already online and.. his girlfriend."
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: John Hjorth on November 02, 2018, 08:15:29 AM
Have you asked yourself why this tweet is not a retweet, Liberty?
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Jurgis on November 02, 2018, 08:34:55 AM
There is no such thing as bad publicity?  ::)
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Liberty on November 02, 2018, 08:36:38 AM
Have you asked yourself why this tweet is not a retweet, Liberty?

No. I don't understand what you're asking.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Liberty on November 02, 2018, 08:37:07 AM
More here:

https://www.weeklystandard.com/john-mccormack/a-conspiracy-so-vastly-inept
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: John Hjorth on November 02, 2018, 08:47:42 AM
Have you asked yourself why this tweet is not a retweet, Liberty?

No. I don't understand what you're asking.

Liberty, I checked if there was such a tweet by Jacob Wohl. There isen't. He might have deleted it, yes. But a retweet would have been better documentation for the statement - in this "twitosphere". [One has to use both braces and belt in the trousers, chastity belt inside the pants, helmet & armor AND have ones six covered not to get screwed there.]
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: RichardGibbons on November 02, 2018, 08:59:53 AM
I think there is logic to what the guy is doing, even if it is so incompetent. Wohl has observed that Trump's supporters don't care at all about facts, truth, and honesty.  They not only accept Trump's constant lies, but actually cheer him on. All they want is a narrative to justify their position--it's completely irrelevant whether if narrative is implausible or completely fabricated.

So, Wohl's simply providing a narrative that provides Trump supporters with reasons to dismiss Mueller. In today's political climate where 40% of the population doesn't care about truth, it's 100% rational to fabricate completely implausible stories to support your agenda.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Liberty on November 02, 2018, 10:10:31 AM
Liberty, I checked if there was such a tweet by Jacob Wohl. There isen't. He might have deleted it, yes. But a retweet would have been better documentation for the statement - in this "twitosphere". [One has to use both braces and belt in the trousers, chastity belt inside the pants, helmet & armor AND have ones six covered not to get screwed there.]

He often deletes things when he gets caught, so I'm not surprised it's gone. But he can't delete a press conference, so we'll always have that.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: John Hjorth on November 02, 2018, 10:16:34 AM
Agreed, Liberty,

Richard, your post reads so pervert, so off base. But based on its own ground, basis and logic, it actually appears waterproof. [ : - ) ]
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Jurgis on November 02, 2018, 10:39:15 AM
I think there is logic to what the guy is doing, even if it is so incompetent. Wohl has observed that Trump's supporters don't care at all about facts, truth, and honesty.  They not only accept Trump's constant lies, but actually cheer him on. All they want is a narrative to justify their position--it's completely irrelevant whether if narrative is implausible or completely fabricated.

So, Wohl's simply providing a narrative that provides Trump supporters with reasons to dismiss Mueller. In today's political climate where 40% of the population doesn't care about truth, it's 100% rational to fabricate completely implausible stories to support your agenda.

Bingo!
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Liberty on November 02, 2018, 10:46:40 AM
I think there is logic to what the guy is doing, even if it is so incompetent. Wohl has observed that Trump's supporters don't care at all about facts, truth, and honesty.  They not only accept Trump's constant lies, but actually cheer him on. All they want is a narrative to justify their position--it's completely irrelevant whether if narrative is implausible or completely fabricated.

So, Wohl's simply providing a narrative that provides Trump supporters with reasons to dismiss Mueller. In today's political climate where 40% of the population doesn't care about truth, it's 100% rational to fabricate completely implausible stories to support your agenda.

Bingo!

Gary Kasparov has often explained that with despots and would-be despots, the outrageous lies serve a purpose. They say unbelievable things and then watch as their sycophants go out there and try to defend the lies. It's a loyalty test. If you go out and repeat and amplify the obvious lies ("the inauguration crowd was the biggest ever, period!"), you're proving your blind loyalty and are showing that your are morally flexible enough to do whatever they need you to do. And once you've compromised yourself publicly, consistency bias means that you'll now fight like hell to defend yourself AND the boss.

Someone like Wohl is trying to get Trump's attention by making a big show of going after Trump's enemies, because he thinks that if he can make himself useful to Trump, he might get some crumbs later (protection from prosecution, some cushy job, some publicity by being mentioned, whatever). He's too dumb to realize that Trump will dump everyone as soon as they aren't useful to him, and that he's not in a position to be of much use with his pathetic baby con man skills, so just showing blind loyalty isn't enough.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: LC on November 02, 2018, 12:01:26 PM
Wohl is the Wormtail to Trump's Voldemort  ;D ;D
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Jurgis on November 02, 2018, 03:03:00 PM
Wohl is the Wormtail to Trump's Voldemort  ;D ;D

Rats are people too!
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Orchard on November 02, 2018, 03:26:43 PM
https://twitter.com/Berner67/status/1058208727508094976

Quote
“Jacob is a child prodigy that has eclipsed Mozart ...”

Someone in crowd: “He can’t even open an E*TRADE account!”
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Value^2 on November 15, 2018, 08:26:52 AM
First mueller and now this....

https://www.mediaite.com/online/michael-avenatti-suggests-jacob-wohl-behind-domestic-violence-arrest-first-mueller-now-me/

I love that kid!  ;D
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Gregmal on November 15, 2018, 09:29:28 AM
lol Avenatti is such a clown
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Liberty on February 26, 2019, 07:47:34 AM
Update on our pal the conman and sociopath Jacob Wohl:

https://www.usatoday.com/story/news/2019/02/26/jacob-wohl-spread-twitter-lies-mueller-rbg-2020-election/2917226002/
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Jurgis on February 26, 2019, 08:04:10 AM
Update on our pal the conman and sociopath Jacob Wohl:

https://www.usatoday.com/story/news/2019/02/26/jacob-wohl-spread-twitter-lies-mueller-rbg-2020-election/2917226002/

tl;dr: Jacob is making great career with Trumpists. MJWGA!
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: DooDiligence on February 26, 2019, 01:00:37 PM
Update on our pal the conman and sociopath Jacob Wohl:

https://www.usatoday.com/story/news/2019/02/26/jacob-wohl-spread-twitter-lies-mueller-rbg-2020-election/2917226002/

Yeah, I saw his recent Tweets & blocked him.

Not interested in hearing any more out of him or his siamese twin Trump.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: gfp on February 26, 2019, 04:31:59 PM
Oh man, I read the article and went to look but twitter already banned him...  Poor fella
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Read the Footnotes on February 26, 2019, 06:35:32 PM
Ban #    DateOrganizationOutcomeLink
1.March 2, 2017    National Futures Association    Lifetime ban     https://www.nfa.futures.org/basicnet/CaseDocument.aspx?seqnum=4428
2.February 26, 2019   Twitter    Suspended     https://twitter.com/account/suspended
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: TwoCitiesCapital on February 26, 2019, 07:49:01 PM
How is this dude not in prison already!?!!?!
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: FiveSigma on February 26, 2019, 08:39:42 PM
Just like Trump, his family, and associates, it's only a matter of time before he gets indicted.

50+ sealed indictments in DC court that was hearing Manafort's case filed in 2018. Another dozen plus this year.

Patience. Wohl's time in the barrel will come in due course.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: rb on February 26, 2019, 08:49:32 PM
Sometimes with people like this I wonder why? Why become a grifter? He obviously has some intelligence. So why not use that to build an honest career? Is it just the fun and excitement of it all? Is it a mental thing like self destructive behaviour?  I guess I'll never know.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: John Hjorth on February 27, 2019, 01:04:41 AM
... Sometimes with people like this I wonder why? Why become a grifter? He obviously has some intelligence. So why not use that to build an honest career? Is it just the fun and excitement of it all? Is it a mental thing like self destructive behaviour?  I guess I'll never know. ...

It's a good question, rb. Personally, I think we should think of it for ourselves as what would have happened to us, if our fathers were hacks, thereby giving us no real valuable guidance early in life, when it was really needed? He is not "lost forever" yet, because he's young. Self-moderation and self-raising sets in later in life. At a point he'll conclude that rinse & repeat of what he does, does not work, and he may adjust to the better.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: DooDiligence on February 27, 2019, 03:17:50 AM
Wohl gazed into the abyss & liked what he saw.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: augustabound on February 27, 2019, 04:13:22 AM
So why not use that to build an honest career?.

Because people like him really believe they're smarter than everyone else and people like that think they're invincible.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: gfp on February 27, 2019, 05:28:38 AM
It has been more entertaining than the Lenny Dykstra saga.  I can't wait to see how this movie ends.  Such principles!
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Liberty on February 27, 2019, 05:57:27 AM
Sometimes with people like this I wonder why? Why become a grifter? He obviously has some intelligence. So why not use that to build an honest career? Is it just the fun and excitement of it all? Is it a mental thing like self destructive behaviour?  I guess I'll never know.

Some people are narcissistic sociopaths.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Liberty on February 27, 2019, 06:08:20 AM
I guess we won't be able to follow his adventures on Twitter:

https://www.usatoday.com/story/news/investigations/2019/02/26/jacob-wohl-spread-lies-mueller-rbg-twitter-just-banned-him/2995037002/

Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Jurgis on February 27, 2019, 06:27:59 AM
I guess we won't be able to follow his adventures on Twitter:

https://www.usatoday.com/story/news/investigations/2019/02/26/jacob-wohl-spread-lies-mueller-rbg-twitter-just-banned-him/2995037002/

We'll have to try to overhear him in hipster coffee shops.  ::)
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: DooDiligence on February 27, 2019, 02:01:16 PM
Or possibly as the next WH press secretary.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Liberty on February 28, 2019, 04:58:23 AM
A fitting tribute:

https://twitter.com/rampcapitalllc/status/1100837256032604160?s=21
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Value^2 on March 01, 2019, 06:55:40 AM
Our MAGA-warrior exposes politician Ilhan Omar.

https://www.youtube.com/watch?v=KNo0qaXC1nY

I can't wait 2020 elections... !
https://youtu.be/KNo0qaXC1nY?t=8m12s
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: stahleyp on March 01, 2019, 08:21:52 AM
He's made quite the name for himself especially considering he hasn't really done anything in life.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Gregmal on March 01, 2019, 08:22:59 AM
Yea its kind of insane that in todays world this kid is already made simply because he can attract followers and Youtube page views...
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Pauly on March 01, 2019, 10:23:01 AM
Is that the definition of making it these days? This kid is only 21 and he's already disgraced himself to the point where he's going to find it hard to be taken seriously by anybody going forward, even if he does manage to keep himself out of prison.

I don't know about you, but if you google my name and the first page contains the words 'fraud', 'troll', 'hoax' etc. I wouldn't consider myself to have 'made it' no matter how many views I generate. Maybe that's just me.

Title: Re: Teen hedge fund manager - Wohl Capital
Post by: DooDiligence on March 01, 2019, 10:35:36 AM
Is that the definition of making it these days? This kid is only 21 and he's already disgraced himself to the point where he's going to find it hard to be taken seriously by anybody going forward, even if he does manage to keep himself out of prison.

I don't know about you, but if you google my name and the first page contains the words 'fraud', 'troll', 'hoax' etc. I wouldn't consider myself to have 'made it' no matter how many views I generate. Maybe that's just me.

He could easily become POTUS.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Gregmal on March 01, 2019, 11:05:13 AM
Is that the definition of making it these days? This kid is only 21 and he's already disgraced himself to the point where he's going to find it hard to be taken seriously by anybody going forward, even if he does manage to keep himself out of prison.

I don't know about you, but if you google my name and the first page contains the words 'fraud', 'troll', 'hoax' etc. I wouldn't consider myself to have 'made it' no matter how many views I generate. Maybe that's just me.

By making it, I mean financially secure. All it takes these days is an audience. In many ways, its easier than its even been for scoundrels.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: rb on March 01, 2019, 11:07:05 AM
Sometimes I wonder how we made it so far as a species with so many idiots in our ranks.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Orchard on March 01, 2019, 11:25:45 AM
i think this gets overestimated to a certain extent.

If you really think about it, this guy has one huge advantage over everyone else.

He's not expecting to get paid.

It's that simple.

Clearly daddy is paying his bills so he can run around and do all this obnoxious stuff, but once daddy stops paying it's over.

If you put out some outrageous claims like he has on Muller out. It will attract the press. Then next time he calls a press conference the press has to attend. Because it is getting pageviews etc... I mean look at all of us. We've all read x newspaper articles today and we read his crap because it's hard to not to check what he did again. But no one other than the press is attending the event.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: augustabound on March 01, 2019, 12:44:35 PM
A fitting tribute:
https://twitter.com/rampcapitalllc/status/1100837256032604160?s=21

A+ for the music.  ;D
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: DooDiligence on March 01, 2019, 01:26:58 PM
Sometimes I wonder how we made it so far as a species with so many idiots in our ranks.

I agree & my guess would be that it only takes a handful of smart, capable, motivated individuals to move a bunch of idiots towards prosperity.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Liberty on March 13, 2019, 11:33:56 AM
Narcissistic conmen can't stop, gotta gin up some drama to get that narcissistic supply:

https://www.thedailybeast.com/jacob-wohl-faked-death-threats-against-himself

"Jacob Wohl reported a death threat to the police that he wrote to himself from a fake Twitter account.

He was posing as a gay, Hispanic "diversity coordinator" with a rainbow flag in the profile pic."
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Read the Footnotes on March 13, 2019, 02:25:19 PM
Ban #    DateOrganizationOutcomeLink
1.March 2, 2017    National Futures Association    Lifetime ban     https://www.nfa.futures.org/basicnet/CaseDocument.aspx?seqnum=4428
2.February 26, 2019   Twitter    Suspended     https://twitter.com/account/suspended
3.
4.
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6.
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8.
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11.
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I am ready to make updates as necessary.
Question: can you be banned from a city?
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: rb on March 13, 2019, 02:51:22 PM
I am ready to make updates as necessary.
Question: can you be banned from a city?
Used to be able to: persona non-grata. But I think that the US constitution provides for freedom of movement.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: John Hjorth on March 13, 2019, 02:52:30 PM
... Question: can you be banned from a city?

The real question here is: What would you do, if you had a son who behaved like this?
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: rb on March 13, 2019, 02:53:05 PM
... Question: can you be banned from a city?

The real question here is: What would you do, if you had a son who behaved like this?
Encourage him, of course!
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: John Hjorth on March 13, 2019, 02:56:43 PM
Encourage him, of course!

rb, sure!,

But encourage him to do what?! [ ;- ) ]
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: rb on March 13, 2019, 02:58:36 PM
What he's currently doing. That's what his dad does.

My dad had... let's say a different approach.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: John Hjorth on March 13, 2019, 03:32:50 PM
Thanks for the elaboration, rb,

I sense we're in synch here. [ ; - ) ]
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Spekulatius on March 14, 2019, 04:11:37 AM
Encourage him, of course!

rb, sure!,

But encourage him to do what?! [ ;- ) ]

Encourage him to move out the house and don’t come back.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Jurgis on March 14, 2019, 06:40:12 AM
Encourage him, of course!

rb, sure!,

But encourage him to do what?! [ ;- ) ]

Encourage him to move out the house and don’t come back.

Encourage him to go to Ivy League school on athletic scholarship!
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: augustabound on March 14, 2019, 06:43:48 AM
Encourage him, of course!

rb, sure!,

But encourage him to do what?! [ ;- ) ]

Encourage him to move out the house and don’t come back.

Encourage him to go to Ivy League school on athletic scholarship!

That could get really expensive............even before paying for tuition.  ;D
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Jurgis on March 14, 2019, 06:52:30 AM
Encourage him, of course!

rb, sure!,

But encourage him to do what?! [ ;- ) ]

Encourage him to move out the house and don’t come back.

Encourage him to go to Ivy League school on athletic scholarship!

That could get really expensive............even before paying for tuition.  ;D

I'm sure they can pay from the great trading gains.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Value^2 on March 14, 2019, 08:20:50 AM
Cut him some slack, He's just 21 years old.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Liberty on March 14, 2019, 08:27:16 AM
Cut him some slack, He's just 21 years old.

Yeah, it's well-known most people go through a phase of being fraudsters and conmen until they reach at least 25.

How a bunch of 18-year-olds defeated Nazi Germany and Imperial Japan, we'll never know...
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Value^2 on March 14, 2019, 09:26:17 AM
Cut him some slack, He's just 21 years old.

Yeah, it's well-known most people go through a phase of being fraudsters and conmen until they reach at least 25.



So it seems... and some folk (https://youtu.be/gqlEEHdaFFM?t=45s)s seems to stay on that same path rest of their lives.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: LC on March 14, 2019, 09:28:04 AM
Cut him some slack, He's just 21 years old.
So he's an adult and should know better.

Your excuse is meant for 7 year olds, there's no need to coddle criminals!
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Liberty on March 14, 2019, 09:48:08 AM
Cut him some slack, He's just 21 years old.

Yeah, it's well-known most people go through a phase of being fraudsters and conmen until they reach at least 25.



So it seems... and some folk (https://youtu.be/gqlEEHdaFFM?t=45s)s seems to stay on that same path rest of their lives.

Yeah, Joe's been a liar forever, I'm sure.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Value^2 on March 23, 2019, 10:46:59 AM
Feud escalates... Michael Avenatti confirmed he has recently obtained Italian citizenship. Getting ready to flee country!

https://www.pscp.tv/JacobAWohl/1vAxRyOalOvJl?t=1s

Aveclown makes Jacob look like choir boy!   ;D
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Value^2 on March 25, 2019, 11:32:42 AM
Trump curse in action.

Avenatti Arrested And Charged With Trying to Extort $20 Million From Nike

Michael Avenatti, the attorney who rose to fame with his former representation of Stormy Daniels, has been arrested and is being charged with extortion over allegations that he tried to extract more than $20 million from Nike

He’s also facing charges for bank and wire fraud over an alleged embezzlement case in Los Angeles.

https://www.mediaite.com/online/breaking-avenatti-arrested-and-charged-with-trying-to-extort-20-million-from-nike/

Remember, not that long time ago left treated him like a white knight or something, fella who could take down Trump.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Cardboard on March 25, 2019, 12:33:06 PM
LC and Doughie's hero arrested? Can't be?
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Value^2 on April 11, 2019, 10:19:29 AM
LC and Doughie's hero arrested? Can't be?

They know how to choose their moral authority.
Now he's facing 333 Years in prison,  if he is found guilty on all 36 new criminal counts.  ;D
https://youtu.be/MWVYfNVOJfY?t=20m34s
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Cardboard on April 11, 2019, 12:43:36 PM
More to come:

https://www.cnbc.com/2019/04/11/obama-white-house-counsel-gregory-craig-charged-by-federal-prosecutors.html

True conspirators will face justice.

Cardboard
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: TwoCitiesCapital on April 11, 2019, 01:45:25 PM
I think what we've learned in this "back-and-forth" is that there are despicable people on both sides of the aisle and that being a terrible person/criminal doesn't preclude one from being elected/appointed, vexing members the opposing party. What we really ought to take from all of this is that neither party has a high moral bar for their candidates.

Can we get back to our soap-opera that is Jacob Wohl now?

Thx
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Cardboard on April 11, 2019, 03:32:17 PM
I disagree.

You see, some people on this board prefer being screwed by so called "honest", polite people with a smile and a solid handshake.

I prefer to see the crooks from afar so I can protect myself.

Cardboard
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Spekulatius on April 11, 2019, 04:13:21 PM
LC and Doughie's hero arrested? Can't be?

Please provide a link of anyone here claiming that Avenatti is or was a hero.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Liberty on April 29, 2019, 05:41:01 PM
The only thing equal to his moral bankruptcy is his incompetence:

https://twitter.com/willsommer/status/1123013698296135685

Quote
Jacob Wohl caught on tape trying to concoct a sexual assault smear against Pete Buttigieg and promising to make the accuser wealthy. Now the supposed victim says Wohl and lobbyist Jack Burkman made it all up.

https://www.thedailybeast.com/far-right-smear-merchants-jacob-wohl-and-jack-burkman-try-to-slime-pete-buttigieg-with-bogus-sex-assault-claim
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Liberty on May 07, 2019, 06:00:12 PM
Can't stop won't stop:

https://www.thedailybeast.com/jacob-wohl-tried-to-create-a-fake-counter-protest-to-his-own-press-conference
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: investor-man on May 07, 2019, 06:59:36 PM
still not in jail... the world doesn't work the way I was told it did when I was a kid
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: augustabound on May 08, 2019, 02:50:35 AM
Ryan Holiday wrote an article about Wohl yesterday.

https://www.usatoday.com/story/opinion/voices/2019/05/07/jacob-wohl-michael-avenatti-mueller-buttigieg-hoax-column/1118486001/
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Read the Footnotes on August 30, 2019, 06:12:24 AM
Now accused of yet another type of fraud.

https://www.dailydot.com/layer8/wohl-scam-trump-event/
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Liberty on August 30, 2019, 07:02:02 AM
https://twitter.com/nikkimcr/status/1167216699193602050

He can't even fake traveling... The incompetence is bottomless
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Liberty on September 04, 2019, 12:13:30 PM
Law starting to catch up?

https://www.thedailybeast.com/jacob-wohl-wanted-on-felony-arrest-warrant

Title: Re: Teen hedge fund manager - Wohl Capital
Post by: cwericb on September 05, 2019, 10:28:49 AM
How did this get into the Politics section?
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Cardboard on September 05, 2019, 11:14:14 AM
You didn't see the video in these posts where he nails the case of that anti-semit Minnesota squad member?

Cardboard
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: cwericb on September 05, 2019, 11:45:34 AM
See that, thnx.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Liberty on September 05, 2019, 01:52:32 PM
How did this get into the Politics section?

I just used the search function to find it ¯\_(ツ)_/¯
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Liberty on October 02, 2019, 05:41:35 PM
Sociopathic clown at work:

https://twitter.com/jack_burkman/status/1179517422879084544
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Read the Footnotes on October 02, 2019, 05:55:51 PM
I have to admit that when I read about the package of propoganda dropped off today by Linik, the State Department IG, Jacob Wohl and his buddies were among the first people I thought of.

https://www.usatoday.com/story/news/politics/2019/10/02/state-department-inspector-general-urgent-ukraine-briefing/3840218002/

Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Liberty on October 03, 2019, 12:02:16 PM
I hope they archive the video... this is hilarious

https://www.pscp.tv/w/1BdGYeDDwOMGX#

Lies that are fact-checked in seconds: https://twitter.com/BrandyZadrozny/status/1179833719902760960
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Read the Footnotes on October 03, 2019, 01:21:55 PM
I hope they archive the video... this is hilarious

https://www.pscp.tv/w/1BdGYeDDwOMGX#

Lies that are fact-checked in seconds: https://twitter.com/BrandyZadrozny/status/1179833719902760960

This is a lens in to Trumps future. His credibility and his treatment by the media are likely to become increasing similar to Mr. Wohl's.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Read the Footnotes on October 10, 2019, 05:15:42 AM
Now it's Kamala Harris.

https://www.newsweek.com/allegations-sexcapades-levied-against-kamala-harris-jacob-wohl-jack-burkman-fall-flat-1464268

I think I nation may need new laws in order to put an end to this ongoing travesty. Some of his targets are law makers, so maybe there is hope for that.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Cardboard on October 10, 2019, 06:08:24 AM
About time the truth comes out!

When it comes to Liberals, they are all clean, so they say...

Trudeau improperly touched a journalist a few years ago and now apparently could face accusations of sexual misconduct with a minor while being a teacher or in position of power. Then he calls himself a feminist on TV or greatest defender of their rights!
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Read the Footnotes on October 10, 2019, 06:27:07 AM
Now it's Kamala Harris.

https://www.newsweek.com/allegations-sexcapades-levied-against-kamala-harris-jacob-wohl-jack-burkman-fall-flat-1464268

I think I nation may need new laws in order to put an end to this ongoing travesty. Some of his targets are law makers, so maybe there is hope for that.

Kamala supposedly served them with a cease and desist letter during the spectacle, which they promptly ignored.

The spectacle of hecklers was even more intense this time. They were reduced to taking questions from a man in a corn cob costume.

Now that he's been exposed for financial fraud, Jacob's life (I don't think I can call it a career) seems to be writing pornographic fiction in which Jacob has to imagine himself an older woman having illicit sexual interactions with younger men who go to the gym a lot in order to understand his characters. I guess he also would have to imagine that he is a young personal trainer that older liberal women would find so attractive that they would be willing to risk everything for.

Jacob has gone from writing financial fiction to writing pornographic fiction. If this line of work doesn't work out for him, maybe there's a future in writing Harlequin romance novels. At least Jacob will have produced a body of work.
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Read the Footnotes on October 13, 2019, 01:38:32 PM
Now that AOC is proposing giving Jacob his securities license back, do you think he'll flip and start voting democratic?

https://ocasio-cortez.house.gov/sites/ocasio-cortez.house.gov/files/A%20Just%20Society-%20The%20Mercy%20In%20Re-entry%20Act.pdf

Quote
SEC. 2. FEDERAL PUBLIC BENEFIT ACCESSIBILITY FOR IN-
DIVIDUALS WITH CRIMINAL CONVICTIONS.
(a) IN GENERAL.—Notwithstanding any other provision of law, an individual may not be denied any Federal
1 public benefit solely on the basis that the individual was
2 convicted of a criminal offense (whether under Federal,
3 State, tribal, or foreign law).
4 (b) DEFINITION.—For purposes of this section, the
5 term ‘‘Federal public benefit’’ means—
6 (1) any grant, contract, loan, professional li-
7 cense, or commercial licens
e provided by an agency
8 of the United States or by appropriated funds of the
9 United States; and

By the way ... if you are wondering how Jacob has been perpetrating his latest political frauds, he has been hiring people off craigslist, telling them he is filming a television show for a network and then presenting them with a script to read from. Gory details here:

https://www.thedailybeast.com/kamalas-fake-lover-jacob-wohl-told-me-it-was-for-a-spike-tv-show
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Read the Footnotes on November 23, 2019, 02:48:15 AM
LA Magazine profile of one of our favorite fraudsters:

https://www.lamag.com/citythinkblog/jacob-wohl/
Title: Re: Teen hedge fund manager - Wohl Capital
Post by: Value^2 on January 16, 2020, 09:09:50 AM
M.A.G.A: Michael Avenatti Got Arrested (Again)

https://www.latimes.com/california/story/2020-01-15/michael-avenatti-arrested-new-fraud-allegations

https://twitter.com/DailyCaller/status/1217494705325383681?s=20