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The Increasingly Poor Decisions of [Burkman and Wohl]
Posts
There is absolutely no way it's an accident, anymore than when rednecks name their daughters to have the initials KKK. His father is a far right wing lawyer; he probably thought he was being cute in the exact same way.
https://www.nfa.futures.org/basicnet/CaseDocument.aspx?seqnum=4345 (complaint)
https://www.nfa.futures.org/basicnet/CaseDocument.aspx?seqnum=4428 (decision)
* In May 2016, an investor asked to withdraw his money from a hedge fund owned by Jacob Wohl. Jacob eventually did so, after multiple requests, but only returned about half his money, and claimed the rest was lost in a market downturn. (The NFA disagree with that excuse.)
* Jacob then declared that he was no longer doing business in anything that the NFA regulates, and therefore was leaving. (This takes 30 days to take effect, by NFA rules.)
* The NFA decided that the missing money looked super fishy, and decided to stop by to do an inspection of his books.
* They called, emailed, and physically stopped by the address on file (a residential house), but with no response.
* They tried again the next day, then tried other addresses they had on file.
* (One of the addresses was apparently Jacob's father's house. A small kid answered the door.)
* Jacob's father called and threatened to sue and/or call the cops on them for trespassing.
* (Also, Jacob calls and says the same thing. Also, he's getting a restraining order.)
* The NFA finally decide that this merits a ban.
* Jacob was an NFA member from February to July, 2016, about five months.
Bonus!
This was the third time Jacob Wohl came to the attention of the NFA. The first time, he was operating as a unregistered hedge fund trader. The second, (after registering) he was putting out promotional material that was missing required disclosures, suggested returns of 149% percent, and stated that Jacob (18 at the time) had 9 years of trading experience. (The complaint says "After several weeks of discussions with Wohl, Wohl removed the offending material from Nex Capital's website", which I suspect is glossing over the nature of these discussions.)
Bonus 2!
Here's the article that led the NFA to catch Jacob running an unregistered hedge fund:
https://valuewalkpremium.com/2015/03/hedge-fund-jacob-whol/
I do wonder who was really running that hedge fund. From the article:
* When asked if he purchased options or sold them as an income producing overlay to his long exposure, Wohl didn’t go into detail. (I.e., didn't answer the question.)
* He also refused to answer detailed questions about his strategy.
* He also advocates an active trading strategy, something that studies have shown lead to investor losses, particularly if they are non-professionals. (i.e., daytrading)
* “So as long as you’re trading enough you’re going to be all good,” was the somewhat odd advice he gave on the KTLA report.
* EDIT: and he claims he learned how to use derivatives and technical trading overlays from an online tutorial.
* EDIT: and he had 20 clients, with a total of $200,000. In high school.
I just have one question after reading all of this.
How do I become a hedge fund manager for people with too much money like this guy?
At worst he'll get house arrest and continue with schemes that make James O'Keefe look like a genius.
Do you have a dad who will name you Jawohl? Because that's step 1.
Are you kidding?
He will be President of the United States one day.
Right in between the Presidents Paul (Jake and Logan, respectively)
Come Overwatch with meeeee
Would house arrest these days also entail computer and internet restrictions? Because I would enjoy seeing him lash out and get in further trouble because he wants to keep tweeting about things he supposedly heard in hipster coffee shops.
Because oh yeah, he was that twerp who claimed all the time that he overheard people in 'hipster coffee shops' talking about how great and strong and manly Trump was.
They can if the judge says so.
Affluenza's a hell of a drug.
Thing is: if the fed decides to come down on him like the wrath of god for interfering in a federal investigation led by the living equivelant of judge dredd then his dads wealth and influenece will have about as much chance of averting disaster as a paper cat has of chasing an asbestos mouse through hell.
Right up until he gets a pardon for "exposing the swamp" or some shit.
He's more then welcome to take a place in line for that; odds are that trump writes him off as another coffee boy (which is backd up by how much time he spends listening to liberal hipsters praise trump).
This really needs to be emphasized, because while some folks seem to think that trump will use his powers to protect anyone and everyone who is conservative, the reality is that there really hasn't been any rhyme or reason to it; like yes he pardoned Arpaio (who is such a characature of a corrupt country sheriff that I'm kind of mystified that it isn't performance art) a man who praised him and treated latinos like shit, but he also pardoned some some woman because Kim Kardashian asked him to.
You might very well have a better chance of putting your life savings on 22 red at the roulette table then hoping for a pardon from someone as mercurial as trump.
He pardoned (random guy) because Kim Kardashian is famous and Trump wanted her to like him.
Pardoning Wohl wouldn't make anybody popular like him, and it's currently not a big enough story that it would own many libs, so he probably won't do it.
Steam: adamjnet
chair to Creation and then suplex the Void.
Have we all forgotten that he also pardoned Dinesh D'Souza because of ??? reasons?
PSN/Steam/NNID: SyphonBlue | BNet: SyphonBlue#1126
To own the libs and he discovered he had pardon powers. He seems to have grown bored of them though.
He does it to deny racism accusations and because he probably thinks it bothers Obama because it would bother him.
Betting he's waiting till the midterms are over and then there will be a bunch until 2020 really kicks into gear.
Charles Seife is a journalism professor.
-Indiana Solo, runner of blades
The graphic in question is pretty cool.
That's Wohl in the center surrounded by a spider web of retweets, with a thin crust of the other usual suspects.
... I kind of want to see Trump's chart now.
(Edited my post because as soon as I used the actual colloquial term, I realized it has a lot of baked in bias and sexism, and that bugged me a hell of a lot.)
Of course he likes it. It shows him at the center of his universe.
Or maybe a black hole.
Or...a sphincter.
The chart shows him spewing forth, not acreting in. Definitely sphincter.
Or pre-invasion.
Wohl is definitely a pre-war sphere-bro, as thoroughly convinced of his own superiority as he was unprepared for the wrath of Clan Teigen.
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Or that Antifa isn't a centralized organization with a codified doctrine.
Truly, he was unprepared for His trial of grievance.