When the Gov't indicted Steve Cohen, he contacted several law firms and had no less than 10 of the top lawyers show up in court. He was determined to show the US Govt that if they wanted to try to bring him down - - it was going to be the most expensive legal case they ever encountered. Instead, the Gov't choked out, they cowarded out, they settled for a huge chunk of his fortune instead of prison time. So, Steve Cohen walked. At least 2 of his underlings did prison time.
@thievingpanda10 ай бұрын
Supposedly Matthew Martoma was set up with a nice little offshore trust as a thank you for not flipping on Cohen.
@jswats9210 ай бұрын
Smart move overall for both
@FrankLukasJr-gk5vw8 ай бұрын
Thats the way it has always worked and still works....
@andyp8993 ай бұрын
@@FrankLukasJr-gk5vwCool. Still wrong.
@CJBroonieАй бұрын
Not only wrong, it’s despicable. We rely on the DOJ to not be afraid of long cases regardless of the cost. What politics were involved in letting Steve Cohen go. He should be in jail, period.
@tommykincaid32673 жыл бұрын
Frontline is without a doubt the best in-depth journalism in media today. It's pretty refreshing.
@pauleohl3 жыл бұрын
You must realize that this story is 7 years old.
@jonathankenjihaag9263 жыл бұрын
About the last real journalism without a preconceived idea
@Mark-gg6iy3 жыл бұрын
"Fake news"- Donald trump
@letsgobrandon4163 жыл бұрын
I mean, if you count not breaking any stories and telling a very watered down and biased version of events after everything has already been exposed, then sure. Where is Frontline in 2021 exposing how the same crap is still going on and nothing has changed? Oh wait that requires work.
@GordonFreemayne3 жыл бұрын
Always refreshing. Although, they do interview Steve Bannon and Sebastian Gorka too much. What leftist media figures have they presented on? Slavoj Zižek? The furthest left they reach (for commentary) is Yamiche Alcindor. They've never even mentioned Jacobin magazine, but they have mentioned Breitbart.
@Willmakeit-8 ай бұрын
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
@Willmakeit-8 ай бұрын
@Susanne-Helle That's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well
@Willmakeit-8 ай бұрын
@Susanne-Helle I will give this a look, thanks a bunch for sharing.
@michaelman44738 ай бұрын
Inflation has nothing to do with the legend. Not sure why you're making your case here
@1_shortnote7 ай бұрын
SCAMMERS, PEOPLE DONT FALL FOR HTESE GROUP OF PEOPLE COMMENTING UNDER THEMSELVES. LIKE ITS NOT JUST ONE PERSON DOING SLL OF THAT TO LURE PEOPLE TO THIER PRIVATE PLATFOR AND SCAM THEM LYING THEY TRYING TO HELP.
@kingsboro67047 ай бұрын
i seen this same comment on another video what are you copy and pasting lol
@phpn993 жыл бұрын
Whether you vote Dems or GOP, none of this will change. There is no difference between insider trading and embezzlement ; yet these guys usually escape scot free. Wall Street owns US policy. And who owns Wall Street ?
@robcormier2103 жыл бұрын
I would venture to say that these guys definitely prefer a GOP govt, but are able to manipulate either political party for sure.
@Nottotv3 жыл бұрын
Instead of being brainwash to fight democrats these trump people should be looking at hedgfunds who are destroying society. Wouldn't surprise me if they were behind releasing covid-19 into society.
@Nottotv3 жыл бұрын
We all know who owns wall street and sakler pharmaceutical but they also control the law and judges so we'll even get prosecuted for even making this obvious comment.
@moonsaves3 жыл бұрын
@@robcormier210 For real. As much as the whole "both sides are as bad as each other" narrative gets pushed, they 100% would prefer a GOP government, because time after time it means they don't have to pay as much in taxes and get better subsidisation.
@Markdfadf3 жыл бұрын
Except there is a huge difference. Embezzlement is fraud and has victims. Insider trading literally has no victim and society benefits from more accurate prices.
@traviscoates68782 жыл бұрын
I have zero confidence in the SEC to ever come close to stopping insider trading
@LJ-ht4zs2 жыл бұрын
We need to change the law that allows for willful negligence that Cohen claimed - after 30 + years in the business does not know the law re. insider trading. An act of Congress has to change the law. But since Congress is paid off by these people guess what... we need to stop letting lobbyists pay off our politicians. We have a totally corrupt system no matter who is in, Dems or Repubs. Some might be ok, but they are in the minority.
@Matt-cr4vv Жыл бұрын
The SEC as a civil agency will never stop it. Even with Cohen where they shut him down and he paid a gigantic fine he still made more than what he paid. He reopened and the fund manages way more than it did before being shut down. When your punishment is fines it’s simply a cost of doing business.
@markspencer171 Жыл бұрын
HAHAHAHAAH. As if the entire of Wall Street and the Biden Government is not corrupt. But they need to pin it on one guy to make them feel good about themselves and trick you into thinking "we got the bad guy". You took the bait.
@davidcooper177 Жыл бұрын
Incompetent
@dunnywatson21865 ай бұрын
Without insider trading hedge funds would never be as successful as they are
@billymark7125 Жыл бұрын
Every family has that one person who will break the family financial struggles, I hope you become the one. Amen
@annebella8851 Жыл бұрын
You're right, Fear is one of the factors that hinder most persons to invest into crypto, most persons say ignorance..
@stevewilliams760 Жыл бұрын
imagine investing in Btcoin earlier.... You could have been a multi millionaire presently
@lincolnjack3198 Жыл бұрын
@victoriabrady1791 If you are using really a good broker or account manager is easier to earn from the market
@leonnoble8164 Жыл бұрын
Crypt currency will outsmart the banking system in the nearest future serving as a global fiat. Already making over 85% profit from my investment
@andreajueal8243 Жыл бұрын
I'm new to bitcoin trading, how can I go about it or is there anyone you can refer?? 🙏🙏
@shortbenjamin3 жыл бұрын
"the criminal negligence laws that cover some industries do not apply to finance." - I literally spat out water when I heard that
@BearWolf_17233 жыл бұрын
Laws come from where? Exactly! They should be made to public awareness. Read between the lines. (Capital Hill)
@tonyglock61613 жыл бұрын
So, this isn't directly inversely proportional, but I don't need Michelle Obama setting a cap of how much I can spend at Walmart
@annaldwhigg68703 жыл бұрын
@@tonyglock6161 WTF
@NoToBigBro3 жыл бұрын
I assure you, investment professionals have to abide by significantly more strict legal and ethical rules than 99% of the industries out there. Don't watch one or two videos about one/two person/firm and assume this is everyone in the investment industry. If doctors had to live by same rules as investors, 75% would lose their jobs and 50% would be in prison. Same goes for politicians.
@texaware10193 жыл бұрын
Usually have to sign an arbitration agreement when opening an account. The firm is basically indemnified from anything and everything except gross negligence which is tough to prove. The investor takes the risk and enters into the contract voluntarily for personal gain.
@xmen99163 жыл бұрын
Steve Cohen made billions on inside trading and he’s considered a great investor. I’ll be a great investor too having all the info ahead of time.
@theDARKSTEP3 жыл бұрын
If you are good at anything and are a leader people will be there to work with you. Markets aren't manipulated. They are exploiters of legal weakness in a market. These things are big deep icebergs of understanding. I suggest if you don't know how it works to remove bias. He has donated Millions to people. He has made people careers and created lots of jobs. People paid taxes He paid fines. He paid his fee and is not considered a criminal.. dont hate the player just like a lot of people don't hate "popular" people and just send them info hoping to be a part of something. What is legal or not is extremely deep. If your friend said buy bitcoin and you trusted him, would you? is that illegal? look up and show me the laws and I will say, yes or no. Cohen "escaped criminal indictment himself despite being the living, breathing heart of S.A.C. Capital," but Dr. Sidney Gilman, the star prosecution witness against Martoma, testified that FBI agents told him that Cohen was the investigation's ultimate target.
@maanavchellani71153 жыл бұрын
Nancy Pelosi is also a phenomenal investor!
@davidwilson16923 жыл бұрын
@@maanavchellani7115 lmfao
@theDARKSTEP3 жыл бұрын
@Sheerluck Holmes That is true, I am not saying he is a hero, I am saying he is a sort of anti hero. But if you see the tests, like the 65, 7 or any. the regulations get more and more complicated. I.E what is a conflict of interest that would be described as (insert specifics). with series of answers, a b c d or all of the above you may select any amount of correct answers. when those answers are more specific I think you'll understand my point. ,
@jimmythompson96773 жыл бұрын
Exactly well said lol. We'd all be great investors too.
@MarkLeonard-xn8zs8 ай бұрын
On the Dow Jones index, only seven stocks gained on Thursday. Apple (AAPL)and Microsoft(MSFT) rose, as did Visa (V)Microsoft and Visa are rebounding from their 10-week moving averages.Meanwhile, Tesla (TSLA) fell 5% on the stock market today. Shares are extending a downtrend. I have over $320k in stocks. Currently, my portfolio is down by 15%. Wondering if there are any short term opportunities I can invest in.
@SmithJones-yx1ut8 ай бұрын
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $450k.
@SmithJones-yx1ut8 ай бұрын
'Tenley Megan Amerson' is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
@Williamsmthe8 ай бұрын
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
@1_shortnote7 ай бұрын
SCAMMERS, PEOPLE DONT FALL FOR HTESE GROUP OF PEOPLE COMMENTING UNDER THEMSELVES. LIKE ITS NOT JUST ONE PERSON DOING SLL OF THAT TO LURE PEOPLE TO THIER PRIVATE PLATFOR AND SCAM THEM LYING THEY TRYING TO HELP.
@johncooksey795 ай бұрын
5.4 percent on some certificate of deposits, 6 pewrcent on corporate bonds.
@alexandrearquembourg72033 жыл бұрын
That was great journalism. The fact that that Winnie woman got 4 years, but the trader asking her information is not in prison yet is beyond disgusting.
@skribe3 жыл бұрын
forreal, mindy got lobsters, the trader made millions and shes in jail smh
@newyorkcity763 жыл бұрын
Yea powerful people nothing happen to them
@adonis82893 жыл бұрын
She was dumb and lazy and deserved it. She knew what she was doing was wrong but she still did it. If she was a smart criminal she would have set up her own under the table trading company and fed them info in a stealthy fashion. Even small time Crack dealers know to never use phones. She got more time because she was a distributor of info.
@somnuswaltz55863 жыл бұрын
Lol sticking up for that criminal woman.... go look up pictures of her, look at her mugshot, and then come back here and tell me you still think she was wronged for getting 4 years 🤣🤣🤣 she's not that pretty you noob mong
@bernardjacobs5183 жыл бұрын
@@newyorkcity76oo
@zenglider21452 жыл бұрын
"A man with a briefcase can steal more money than any man with a gun" Don Henley
@692ALBANNACH7 ай бұрын
But the man with a gun will spend more time behind bars.
@user-kb8rc5vq2i7 ай бұрын
@@692ALBANNACHit is as Anatole France said: "The law, in its majestic equality, forbids rich and poor alike from begging in the streets, sleeping under bridges and from stealing bread."
@ToncieWells-fm4ne4 ай бұрын
He spent no time behind bars, was ordered to pay $1.8 billion in fines and still has a personal wealth considered to be over $17 billion.
@dont.ripfuller65873 ай бұрын
Look up the Ayn Rand bit from Atlas Shrugged speech on money. Listen all the way through ( or read if anyone still does that)
@zenglider21453 ай бұрын
@@692ALBANNACH ... which is one of the reasons why the man with the briefcase can steal more.
@JoshuaKerr-m4u15 күн бұрын
There are lots of mixed opinions about stocks and there projection in the next coming years, I aim for short term solid gains from market correction and I'd definitely jump on the boat if I knew a thing or two about day-trading. I'm just looking for the right moves to grow and hedge my stagnant reserve of $490k from inflation.
@DesireeJames-q1z15 күн бұрын
Keep your focus on two primary goals. To start, protect yourself by understanding when to sell stocks to minimise losses and optimise gains. Second, prepare to profit from shifts in the market. I suggest seeking counsel from a financial consultant or other expert.
@Bridget-l7p15 күн бұрын
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
@SarahTaylor_15 күн бұрын
i'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
@Bridget-l7p15 күн бұрын
"Laurelyn Gross Pohlmeier," a well-known authority in this field. I would recommend looking into her credentials more because she has a great deal of expertise and is a great resource for anybody looking for advice on how to navigate the financial market.
@DavidLucas-so8rr15 күн бұрын
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
@letsrelaxwithtexts21143 жыл бұрын
Pbs deep voice narrator is the best of all time... brings so much great memories
@MatCendana2 жыл бұрын
Most people now take videos like this for granted. But a few decades ago, we who live outside the US don't have access to something like this. Definitely not on free TV. Thankful for these PBS channels, with old school journalism where a lot of hard work went into the production of episodes. --Petaling Jaya, Malaysia.
@skuttle71072 жыл бұрын
Agreed. Currently in university for Business Law, and there were a lot of little things I was surprised about how in depth the documentary went into. PBS is a godsend
@jazreacts5872 жыл бұрын
Speak for yourself. As for access, that's definitely not my problem.. maybe you need to know someone much closer to the action aye. Just saying 🤣
@anonymousdonor80842 жыл бұрын
Better off without it. PBS is a leftist organization. Blue journalists.
@dianaboyer6832 жыл бұрын
True True and so True. Thank you!!!!!!
@Isawwhatyoudid Жыл бұрын
The bad guys (The GOP) want to defund PBS.
@susan-i8v5iАй бұрын
Thank you so much for this video but in these uncertain times it is more important than ever to have a solid understanding of how to manage your finances, invest wisely and navigate economic downturns. But my primary concern is how to grow my reserve of $240k which has been sitting duck since forever with zero to no gains, sure I'm all in on the long term game, but with my savings are lying waste to inflation and my portfolio losing gains everyday, I need a remedy.
@JonathanWalter-w8nАй бұрын
If you need advice, consider speaking with a financial advisor. Don't get me wrong, you can do it on your own, but financial advisors have a lot more knowledge and expertise in this area.
@clementina-h5gАй бұрын
you are completely right, Advisors have information and paths that are not disclosed to the public.. I profited 560k in 2022 under the tutelage of my Fiduciary-counselor. Am I selling? Absolutely not.. I am going to sit back and observe how this all plays out.
@Lindgren-h7kАй бұрын
That's impressive! I could really use the expertise of this manager for my dwindling portfolio. Who's the professional guiding you?
@clementina-h5gАй бұрын
Her name is Amalia Bunker can't divulge much. Most likely, the internet should have her basic info, you can research if you like
@Anna-h3i6vАй бұрын
560k? Amazing! how did you get started?
@MADKingR3 жыл бұрын
This report proves that rich people always get away with crimes like that. Cohen is worth today even more, $11 billion. This can men only one thing: Crime pays off.
@Philosific3 жыл бұрын
Lol he made $1.2 billion for 2020
@Stoneface_3 жыл бұрын
His net worth is 16B now
@Stoneface_3 жыл бұрын
@Lordeverfall100 Maybe he's already at $20B and is lying about his net worth🤔
@unknown67152 жыл бұрын
No, this is only possible because he belongs to a certain group ✡️, otherwise he would have been arrested a long time ago.
@sakenu162 жыл бұрын
Terrible, how is it that all these white crimes never get convicted. Yet for saying dumb things, the mlb, nfl, etc force you to sell the team.
@tejano28283 жыл бұрын
Best thing I ever did was take my retirement and managed it myself these hedge funds are nothing but criminals.
@riohenry63823 жыл бұрын
Low cost ETF funds are making me a lot of money…money that I never made when my money was under management
@PacknVac3 жыл бұрын
@@riohenry6382 Lmao most of those ETF if not all are made by the money managers you are talking about
@riohenry63823 жыл бұрын
@@PacknVac I don’t think you understand how passive trading and fees work
@LIONTAMER3D2 жыл бұрын
@@riohenry6382 low fee funds are the only way to go, unless you know something...
@riohenry63822 жыл бұрын
@@LIONTAMER3D absolutely right. Low fee ETFs are the backbone of my plan
@SophiaChristian-so2of Жыл бұрын
Don't get me wrong, I know the economy is in shambles and in order to break even and make profit, we have to ride it out until stock recovery, but how are some folks in the same stock market as me still able to pull off substantial profits of as much as 650K within months, what am I doing wrong?
@WilliamsDouglas-qd3mb Жыл бұрын
You're not doing anything wrong, you just don't have the required skillset to profit off a down market, folks that are making profit in this market are pros and experts with in-depth knowledge and skillset.
@MarkFreeman-xi3rk Жыл бұрын
Exactly why i enjoy my day to day market decisions being guided by a portfolio-coach, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not outperform, been using a portfolio-coach for over 2years+ and I've netted over $800k
@cythiahan8455 Жыл бұрын
I need guidance so i can salvage my portfolio due to the massive dips and come up with better strategies. How can I reach this advisor?
@MarkFreeman-xi3rk Жыл бұрын
I am being guided by “Margaret Johnson Arndt” who I found on a CNBC interview where she was featured and reached out to her. She has since provided entry and exit points on the securities I focus on. You can look her up online if you care supervision.
@JenniferDrawbridge Жыл бұрын
Thanks for sharing, needed this myself. I just looked her page up online and I would say she really does have an impressive background on investing
@chobblegobbler25363 жыл бұрын
Love how we celebrate grifters by calling them moguls.
@johndavies15062 жыл бұрын
Well said
@cruciferousvegetable10 ай бұрын
I don't speak millennial or zoomer.
@samanthab19233 жыл бұрын
Here's the thing. They amass so much money it's easier to just pay the fine if caught. Never or rarely do jail time. Not nearly enough SEC agents to work cases & the traders know it.
@jimdaniel55663 жыл бұрын
Fines should be based on profits made and annual income. Strip these clowns of their years worth of profits and beat them in public
@otherworld113 жыл бұрын
but God sees all.
@Markdfadf3 жыл бұрын
@@jimdaniel5566 "Beat them in public." For what? What exactly is the crime? Real crimes have victims. The "victims" of insider trading are people who get better fills than they otherwise would have on trades and a public that gets a more efficient market that accurately reflects all information. I have a better idea. Beat politicians who support insider trading laws and jackbooted thugs who enforce them.
@SHOTTuINdFACE3 жыл бұрын
Shelia, have you ever seen the movie The Big Short? The SEC is complicit in these crimes. A Self Regulatory Organization that never hands out harsh punishments / closes loopholes is just as guilty. It is just a "cost of doing business" to them. If there is a severe punishment, it is never for the worst actors: JP Morgan, Goldman Sachs, Citadel, Virtu, Bank of America, Citi Group, Etc. It is always some small fish so the cycle can continue. Harsh reality is most of the US Stock Market is completely fraudulent or participating in illegal activities.
@samanthab19233 жыл бұрын
@@SHOTTuINdFACE Yes, The Big Short was good. Look at the Maddoff case too.
@Raymondjohn2 Жыл бұрын
To my understanding this just proves how much we need an edge as investors because playing the market like everyone else just isn’t good enough. I've been quite unsure about investing in this current market and at the same time I feel it's the best time to get started on the market, what are your thoughts?
@angelicaaquino4109 Жыл бұрын
Since the crash, I've been in the red. I’m playing the long term game, so I'm not too worried but Jim Cramer mentioned there are still a lot of great opportunities, though stocks has been down a lot. I also heard news of a guy that made $250k from about $110k since the crash and I would really look to know how to go about this.
@lipglosskitten2610 Жыл бұрын
There are actually a lot of ways to make high yields in a crisis, but such trades are best done under the supervision of Financial advisor.
@lipglosskitten2610 Жыл бұрын
@Dan Brooks Impressive can you share more info?
@lipglosskitten2610 Жыл бұрын
@Dan Brooks She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.
@MercuryDreadheart Жыл бұрын
Just start buying then hedging with short options that’s what I do and I’ve been slowly getting my portfolio up
@bobcornwell4033 жыл бұрын
OK. He makes about $8 billion from his company. His company is found guilty. He has to pay a $1.8 billion fine. So he is still $6.2billion ahead. Who says crime does not pay? Where's the RICO law when we need it? Oh. I get it. That's for us ordinary mortals, not billionaire demi-gods.
@moonsaves3 жыл бұрын
It's not a fine to deter him from doing it again, it's just the cost of doing business.
@Philosific3 жыл бұрын
Lol cohen made $1.6 billion in 2020. In the words of bobby axelrod, its just an ant bite. Nothing big
@scifirealism59433 жыл бұрын
@@Philosific being a billionaire is like a free ticket to get away with white collar crime.
@heyjude21092 жыл бұрын
You understand the assignment.
@LJ-ht4zs2 жыл бұрын
Totally agree - in drug cases they cease all the assets, should be the same here - ill gotten gains should all be confiscated. Insider trading created the whole poisonous tree, cut it down completely.
@kenaidog69743 жыл бұрын
Criminalize negligence so our politicians can be held accountable.
@williamyoung94012 жыл бұрын
Aliens will be watching PBS Frontline documentaries to wonder how we destroyed ourselves...
@oneiljerry9460 Жыл бұрын
Market declines, soaring inflation, a significant increase in interest rates by the Fed, and rising Treasury yields all point to additional losses for portfolios this quarter. How can I profit from the present market turbulence? I'm still debating whether to sell my $125,000 ETF/Growth Stock portfolio.
@alexyoung3126 Жыл бұрын
Concentrate on two main objectives. First, keep yourself safe by knowing when to sell stocks in order to limit losses and maximize gains. Second, get ready to benefit from market changes. I advise consulting a CFP or other professional for advice.
@joesphcu8975 Жыл бұрын
Yes, I have been in touch with a CFP ever since the outbreak. Today, investing in hot stocks is quite easy; the difficult part is deciding when to buy and sell. With an initial starting reserve of $80k, my adviser chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.
@lawerencemiller9720 Жыл бұрын
@@joesphcu8975 my 401k growth has been stagnant since the 2019. I wouldn't mind consulting the advisor who guides you, I really want to grow my retirement fund since I could retire in 3 years.
@joesphcu8975 Жыл бұрын
The stock market is without a doubt the awkward teenager with the most extreme mood swings! I started out with a commentator named “Eileen Ruth Sparks.” Her honest approach gives me complete ownership and control over my position, and her rates are incredibly affordable given my ROI.
@lawerencemiller9720 Жыл бұрын
Thanks, I just googled her and I'm really impressed with her credentials. I reached out to her since I need all the assistance I can get.
@Hawkgoulet2 жыл бұрын
Lmao $1.8 billion fine for a guy that amassed over $8 billion for doing said crime. Sounds like just the cost of doing business instead of criminal behavior.
@almabe76082 жыл бұрын
You said it
@carpediem4512Ай бұрын
Hey! Different rules for billionaires and for plebs like you.
@BruteStrength99Ай бұрын
Not really. It also banned him from the securities business for life.
@XTen1000DaysX3 жыл бұрын
This is gonna be a banger! More finance ones frontline! 🍿
@somnuswaltz55863 жыл бұрын
This episode has been out for many years........
@XTen1000DaysX3 жыл бұрын
@@somnuswaltz5586 well to some of us it's new
@ocimak2 жыл бұрын
@@XTen1000DaysX check out the book black edge. It goes into this story in further detail. It’s great. Matthew martoma gets sentenced. Whether he flips on cohen. His real name isn’t even Matthew. It’s good!
@XTen1000DaysX2 жыл бұрын
@@ocimak i have read that book. I finished half of it atleast, good book
@katinkafrauke214810 ай бұрын
It's really wonderful to come across people who freely share valuable information online. You never know what kind of knowledge you might stumble upon that could have a lasting impact on your life.
@vandejong934310 ай бұрын
Don't procrastinate when it comes to saving and investing. Don't wait for the perfect timing; start now because the current moment is the best time to invest.
@Patrick-xt7bm10 ай бұрын
What specific type of investment are you referring to? I'm aware that making money through investing is not as straightforward as it may appear.
@vandejong934310 ай бұрын
Cryptocurrency trading appears to be quite lucrative. Despite the constantly changing nature of Bitcoin, it's evident that the cryptocurrency community is here to stay. John Joseph, you're doing an excellent job.
@gyorgyikestefania580110 ай бұрын
I apologize for interrupting, but I have been searching for assistance with this type of trading as my work consumes most of my time, leaving me with limited opportunities to focus on trading. How can I get to know him?
@vandejong934310 ай бұрын
INSTAGRAM
@deweyhamilton77743 жыл бұрын
If someone on foodstamp cross the road before it turns green they will get 5 years but if hedge guy destory economic of superpower he get a bailout and superbonus. That America for you.
@EliteCannagivers3 жыл бұрын
Don’t jaywalk fam
@deweyhamilton77743 жыл бұрын
Nooooooo
@deweyhamilton77743 жыл бұрын
Lol, I am speaking Spanish? Losser!
@deweyhamilton77743 жыл бұрын
Lol, I am speaking Spanish? Losser!
@JohnMiller-oz7gv3 жыл бұрын
Where did you go to school?
@cascooter3 жыл бұрын
It is amazing to me given the amount of damage insider trading can do to the health of our economy it isn’t a capital offense.
@doctorblue63753 жыл бұрын
The same funds that commit the insider trading donate to the PACs of the politicans creating the laws. Blackrock literally sits at the table at the bilderberg group lol.
@Markdfadf3 жыл бұрын
Insider trading not only doesn't harm the economy but helps it. It helps people on the other side of trade get better prices fills. It communicates information through the trend in prices. And it allows capital to be more efficiently allocated because a company's share price is more accurately accounting the underlying business. Unlike you, I won't say economic illiteracy should be a capital offense. But you not be voting and should not have any say in the laws that are passed.
@cascooter3 жыл бұрын
@@danielamador4306 yeh, I read something about that on a box of cereal. What are you gonna do, I guess.
@redwarf81182 жыл бұрын
@@Markdfadf you and people who think like you are the reason why this kind of trading is fucking over the whole economy and the average worker more and more. This is the reason why we have more frequent crashes were the Banks have to be bailed out by tax payers money. Please don´t reproduce your kind.
@Markdfadf2 жыл бұрын
@@redwarf8118 I find your aggressive ignorance amusing. Nothing you said has any tether to reality. Insider trading plays zero role in crashes. It doesn't lead to bailouts. It doesn't harm workers. (How could you even think these things when there isn't even a remote connection.) Maybe start by reading a freshman economics textbook instead of sniffing glue before rage posting on the internet.
@lindsay399511 ай бұрын
"Sugar and two creams, come with us please, sir...we're gonna need a bigger boat." Criminally cornball lines and that guy is so proud of them. Gotta love it.
@kelvinketer7893 жыл бұрын
How about politicians who do the same thing? Do a documentary about them too
@realBaronFletcher3 жыл бұрын
Congress is exempt from insider trading regulations by law. They are a legally protected class of investor.
@standalby69492 жыл бұрын
Start with Pelosi & her old man
@TheInterestedObserver2 жыл бұрын
no, only brown or asian people
@EuroG1007 ай бұрын
Aka Pelosi
@JohnAranita3 жыл бұрын
This is one of my very favorite PBS DVD documentaries.
@michaelschneider-3 жыл бұрын
@John Aranita .. +1 . Agreed.
@lizannewhitlow10853 жыл бұрын
Best show ever: Frontline.
@williamyoung94012 жыл бұрын
Depressing as all hell, but yeah, one of my favorite too.
@vincentstewart184310 ай бұрын
Should I give up on Trade? What should I do? How may I do better? What I'm I doing incorrectly?
@wendyrosee10 ай бұрын
here is my problem I have been making losses trying to make trade. I thought to trade demo is just like the real..can anyone help me out or at least tell me on what to do.
@maureen...10 ай бұрын
I always advice new members to have an orientation on how it works before getting involved. Trade offers more benefits than just holding.
@maureen...10 ай бұрын
Kate Floretta Face book
@maureen...10 ай бұрын
Google " katefxfloretta " anywhere take classes to learn to trade.
@Mayor124810 ай бұрын
The wisest thought that is in everyone's minds today is to invest in different income flows that do not depend on the government, especially with the current economic crisis around the world. This is still a good time to invest in gold, silver and digital currencies (BTC, ETH. stock,silver and gold)
@douglynch72852 жыл бұрын
A real life episode of Billions … they turned him into a family fund.
@amazingabby252 жыл бұрын
It was based on him, esp the DA vs Steve stuff
@bobmellon12073 жыл бұрын
Imagine the insider trading that’s been going on with the Vaccines
@consultant26784 ай бұрын
Steve Cohen made the mistake of not being a member of Congress then he could of made insider trades for years with no repercussions!
@Supremechairuser3 жыл бұрын
James freshman was really regretting every word in his memoir. His face sank and was eating every word. The reporter really did great job to confront him on it.
@vnjii2 жыл бұрын
He looked stunned and kinda drunk.... but looks like what he wrote is now coming back to haunt him...
@jackiedelvalle2 жыл бұрын
Fleischmann?
@Stoneface_2 жыл бұрын
@@jackiedelvalle yep
@JulianJ583 ай бұрын
Y'all talking about the corny reporter trying to put words in the guys mouth to make him look bad?
@johntaylor-lo8qx3 жыл бұрын
Excellent documentary. Every rich person who has made a million from Wall Street had insider trading. Look at our politicians. Multi millionaires on a 150k per year job. Common....
@LJ-ht4zs2 жыл бұрын
@@abcdef-qk6jf Citizen's United - remember who voted it in - we need new legislators new Supreme Court Justices who are not apart of the Money Tree - look at ole Clarence Thomas and his wife Ginni and nothing is being done about that treasonous duo.
@victorblock3421 Жыл бұрын
LGB FJB
@MongesitheHeyvantile5 ай бұрын
Just became a member of your VIP group, and I'm so excited to learn from the best in the business. Thank you for this incredible opportunity!
@giovannidavinci203 жыл бұрын
In the end, the so-called law does not really try to protect the truth, but simply trying to make sure the "procedure" is correct. Quite sad.
@squid842023 жыл бұрын
I have always found it mind boggling that white collar criminals can make $200 million off their crimes and only pay a fine less than the amount they made. I suppose that's how it goes when these criminals have the funds to lobby for certain laws to not be changed. I have always held the notion that if you decide to be a criminal, be a white collar criminal because it's fairly obvious that the sentencing and the fines for white collar crimes are far more lenient than any other type of crime (generally speaking).
@glennycoleman37993 жыл бұрын
You are absolutely right!!!
@dwdwdw11 Жыл бұрын
We live in a shitty corrupt country!
@TenTonNuke10 ай бұрын
Jordan Belfort spent less than two years in prison. The guy who broke so many laws that they made a movie about him. Spent about as much time in prison as someone who stole a car. I'll spend two years in prison if it means I can be a millionaire when I get out.
@FelineAirstrip7 ай бұрын
What's the best approach to capitalize on the current market conditions? I'm deliberating on whether to diversify my $200k stocks portfolio.what strategies should I employ?
@WestonScally76147 ай бұрын
The market is volatile at this time, hence I will advice you get yourself a financial advisor that can provide you with entry and exit points on the share/etf you focus on.
@SaintYvess7 ай бұрын
I was recently through an investing nightmare during the crash in march 2020. I think with the assistance of my advisor I have so far grown my initial investment of $145k to $480k
@Redwood40407 ай бұрын
Accurate asset allocation is crucial, and some individuals use hedging strategies or allocate part of their portfOlio to defensive assets for market downturns. Expert guidance is vital for achieving this. This approach has helped me stay finan-cially secure for over five years, yielding nearly $1 million in returns on invest-ments.
@sting_grayl7 ай бұрын
I've been looking to get one, but have been kind of relaxed about it. Could you recommend your advis0r? I'll be happy to use some help.
@Redwood40407 ай бұрын
*Jennifer Leigh Hickman* is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
@samspade4363 жыл бұрын
For real reporting! No news media compares to Frontline!!!
@redneckrevolt13 жыл бұрын
Gets me madder and madder knowing people are dumb enough to share secrets in plain sight and nobody does anything about it!
@LIONTAMER3D2 жыл бұрын
we only throw minorities in prison, notice how ALL these people are white?
@Udontsay9482 жыл бұрын
But the whole point here is something did happen
@harryb76613 жыл бұрын
SAC are still trading under point72, they're also still one of the biggest users of expert networks in the industry, and Cohen is still the founder. Nothing has changed they just put on a different suit.
@phelan7712 жыл бұрын
Yeah and Cohen Aka scumbag face is currently using Point 72 to short company stocks and screw retail investors...
@LJ-ht4zs2 жыл бұрын
Cohen still is wearing his same ole suit.
@jyeasyfun2 жыл бұрын
He beats the system and the market by his magic weapon and money
@Matt-cr4vv Жыл бұрын
And the fund manages around $12B more than SAC did.
@InMinecraftYOLO6 ай бұрын
Point72 is more quant than SAC but yea
@johngalt00963 жыл бұрын
There’s us; & there’s them. “It’s a club, & you ain’t in it.” Enough.
@TheAppleLoadout3 жыл бұрын
In that case, explain democracy. (I totally agree with you, I am just pointing out the obvious)
@Franciscasieri3 жыл бұрын
RIP George Carlin
@LJ-ht4zs2 жыл бұрын
@@TheAppleLoadout Not much of a democracy when criminals pay small fines or small jail terms , but most aren't caught, Politicians are bought off and are also involved in insider trading. When both political parties accept huge amounts of money from lobbyists and it has been okayed by Supreme Court - where do you see a democracy? Little people got to jail for shoplifting, black people get killed for selling loosies and Wall Street gets bailed out when Main st. looses everything. Sounds like a banana republic to me.
@joelamthach58122 ай бұрын
Always the best documentary and investigative report!!! Thank you Frontline!!!!
@esinyenetabo23563 жыл бұрын
William L. God bless your voice and transparency in the media field. PBS is open and trusted source
@NunYa9533 жыл бұрын
It's becoming a less trusted source in a hurry.
@theresachung7032 жыл бұрын
@@NunYa953 why?
@NunYa9532 жыл бұрын
@@theresachung703 I've watched Frontline for 20+ years. It's always had SOME bias, but now it's quickly becoming PURE bias. It's no longer my "go to" for long form investigative journalism to say the least. And I find that very sad.
@LJ-ht4zs2 жыл бұрын
@@NunYa953 Give some examples rather than just stating your opinions
@cyberft3 жыл бұрын
@49:28 “doesn’t matter who you are and who you are connected to, you have to play by the same rules as everybody else.” Proceeds to accept a bribe, I mean fine in lieu of jail time for criminal behavior.
@daddius3 жыл бұрын
I don’t know much if anything about facial tells but he seems to be blinking an inordinate amount of times as he says that.
@dbsk0611 ай бұрын
As someone who works in a similar industry with family in hedge funds even I learned a lot in this doc. Good job PBS
@DavidElstob733 жыл бұрын
Funny how they can get underlings to testify against a crime boss, yet they can't get workers to do the same against a company owner.
@herogebrial3 жыл бұрын
Steven A.C is to big to take down. Has people in high places
@stevengraham31382 жыл бұрын
Now when your boss has 2-16 billon he can pay you to be quite sad but true
@mkaberli2 жыл бұрын
Frontline needs to focus its attention on all the insider trading done by our politicians.
@JihenTrabelsi-x8m Жыл бұрын
Another amazing documentary from PBS Always so good!. Super interesting, and truly top notch journalism. Thank you!.
@shawncassidy68433 жыл бұрын
Another amazing documentary from PBS 👏 Always so good!
@Mark-gg6iy3 жыл бұрын
Agreed, my favorite source of in-depth reporting.
@Thanasis_Koligliatis2 жыл бұрын
30:44 This was a very enlightening interview. He really torture that guy to admit that 1 in 10.000 calls might say something that they shouldn't have said. Great job!
@somnuswaltz5586 Жыл бұрын
Yeah but not a very strong accusation. Yeah if there's a group of employees doing a job, at least one of those employees IS BOUND to break a rule. That applies in the video and pretty much everywhere else. Again, a weak point to tackle.
@doraeppes1751 Жыл бұрын
Having Cryptocurrency as an Asset and not been able to profit from them can be very frustrating. Is this the right time to invest? Before I jump to the conclusion, I think you should take a look at things first
@helenbake4141 Жыл бұрын
As an independent woman, I started my first investment plan with just $1000 and am now earning a weekly income of $4220 trading cryptocurrency with my personal broker
@sammiller01 Жыл бұрын
Bitcoin has been going down for a while, and currently it could keep going down or decide to go up. The truth is that no one knows, I think it's a good time to make a purchase and also seek professional help,,
@austinying6649 Жыл бұрын
Inspiring! do you think you can give me advice on how to invest in a healthy way like you do?
First Law of Wall Street: everyone gets away with it.
@NordicUrs3 жыл бұрын
Additionally, they get golden parachutes.
@glennycoleman37993 жыл бұрын
BEST GAME IN THE WORLD! I LOVE IT!!!
@kirilmihaylov19342 жыл бұрын
@@glennycoleman3799 true
@Moodboard39 Жыл бұрын
Hmm interesting
@judeau91513 жыл бұрын
32:10 this guy could’ve saved a lot of face by just saying something along the lines of “it’s a big business and mistakes are bound to happen, just like any other company” or something. You can’t be responsible for every individual.
@jedmonson1003 жыл бұрын
The way he answered that question made him look like a total stooge. 🤦♂️🤦♂️
@braylenlandkey2 жыл бұрын
yeah, and this part too... 50:19 How can he not know the basic idea of limited liability entity? ... If you have 1000 employees and some of the employees conducts illegal activities within your sub departments, why should you be responsible to face the consequences of other people's the choice of conducting the illegal activities? Would that be fair to you?
@joshhushed5890 Жыл бұрын
Most people simply enter the foreign exchange market without comprehending matters like this. The first stage in building money is determining your goals and risk tolerance, which you may do on your own or with the assistance of a financial counselor who works with a verified Finance agency. And also you can learn the facts about saving and investing and create a clear plan, you should be able to acquire financial security over time and enjoy the benefits of income management.
@Hermanjackson89 Жыл бұрын
Thank you so much for the advice. Your coach was simple to discover online. I did my research on him before I scheduled our phone call. He appears knowledgeable based on his online resume.
@wilmabrock6401 Жыл бұрын
I curiously made a research of his full names after reading what you shared, I came across his webpage on-line. My portfolio suffered a big hit, holding it further won't be any good. I've heard of people netting hundreds of thousands this red season I'm really glad to see this...
@SofiaAnsari-wb7gn Жыл бұрын
I've been making more than six figures passively investing with John Desmond Heppolette, who showed me the right community to join and grow mv finances and I don't have to do much work. It doesn't matter if the market is crashing, I will always make returns.
@wiebeplatt47492 жыл бұрын
I lost a huge sum to META, i watch your videos but there is a lot I am yet to understand. How can one enlist services of an experienced trader/licensed advisor? I’m retiring in 6 months. I am stuck on deciding how to reinvest so I can prepare for retirement without losing due to inflation with a huge cash position.
@Alejandracamacho3572 жыл бұрын
I don't know your full situation so my suggestion, google for a local financial advisor with reviews/testimonials they will love to talk to you. This is FREE. Do your research before you partner with any advisr’. That’s how we found ours. She specializes in bear markets and has predicted almost every event in this territory correctly including the recent rally.
@wiebeplatt47492 жыл бұрын
@@Alejandracamacho357 How does it work? I have seen other comments on referrals that don’t seem legit, how is yours any different? Do you entrust your funds to your advisor? Are there any charges upfront? and are the fees on an hourly basis or for assets under management?
@Alejandracamacho3572 жыл бұрын
@@wiebeplatt4749 You don’t have to take my word for it, do your own dd, but make sure to hire a 'fee only' advisr. Handing over your life savings to someone and then also hiring them as your advsr is HUGE MISTAKE, as that's an inherent conflict of interest. I have been better than 95% of the other analysts/experts I watch on KZbin, and frankly I have profited considerably as a result.
@marianparker75022 жыл бұрын
Being an investor is a lot of hard work you have to constantly be updated in the market and you sound like you probably don’t wanna do a lot of work because you’re close retirement so I would recommend investing in something like the Dow or the S&P they often outperform a lot of the big hedge funds and their managers. If you are really serious about investing you should read the intelligent investor by Benjamin Graham and then you should look at warren buffets annual meetings and get familiar with finance.
@wiebeplatt47492 жыл бұрын
@@Alejandracamacho357 Close retirement, exactly. I don't have a lot of time on my hands but I know a few about working with professionals like my family lawyer and an accountant. I didn't begin on time so I am happy to hire services of an advisr with requisite skills and be sure I can conduct my due diligence properly.
@zoeytank29212 жыл бұрын
I wonder if people that experienced the 2008 crash had it easier because this market conditions are driving me to insanity, my portfolio has lost over $18500 this Sept. alone my profits are tanking and I'm don't see my retirement turning out well when I can't even grow my stagnant reserv
@hannahdonald90712 жыл бұрын
When the stock market rebounds, many investors may come to regret not investing in the red today. It's possible that this pricing will never be seen again. If you have a fantastic vision for it, there is always opportunity in the midst of chaos.
@trazzpalmer31992 жыл бұрын
@Champ Hallier How can I contact your Asset-coach as my portfolio is dwindling? That's fascinating.
@LS-qw3ez2 жыл бұрын
These bot comment threads are something else
@lawrence196013 күн бұрын
I have been following Brian for years. A true American. I love this guy and trust his motives. DOGE needs to bring him on board.
@cafferacer2 жыл бұрын
I've followed literally all financial scams for the past 30 years. It never gets old. Long-Term Capital to FTX it's all fascinating. Enjoyed Raj drama back in the day haha
@abhimanyuchoudhary10062 жыл бұрын
LTCM wasn't a scam, just poor risk management
@Leszlig2 жыл бұрын
LTCM blew up. No fraud. Meriwether got funded again
@Priinsu Жыл бұрын
You should have become a financial crimes expert at the fbi or worked for the SEC.
@Mrtumu10 Жыл бұрын
Lmfaooooo
@Markdfadf Жыл бұрын
Ummm... Long Term Capital wasn't a scam, so given that you were 1 for 2 in your examples I question how much you followed scams.
@Howard20063 жыл бұрын
Great documentary and I wonder how Steve Cohen will use insider trading to improve the Mets. He could check with the Houston Astros I suppose.
@nysports50852 жыл бұрын
Yeah since banging trash cans is relative. Duh
@NxDoyle2 жыл бұрын
What the hell? I know the 'stros did a bad thing, but come on.
@theshogunbeats34249 ай бұрын
So congress (who made insider trading illegal) are the only ones who can inside trade
@the8thgable2 жыл бұрын
"How in the hell is that legal?" 😂 12:39 Love Martin Smith here.
@deweyhamilton77743 жыл бұрын
He was a criminal in a fancy suit, period!
@jordanalbano97808 ай бұрын
SEC: Mr. Cohen, do you understand how insider trading laws work? Cohen: no… also idgaf 🤷♂️
@Itaivarochik2 жыл бұрын
Great job telling this story so eloquently
@palamoi2 жыл бұрын
"The most valuable commodity that I know of is information." - Gordon Gecko, Wall Street
@kirilmihaylov19342 жыл бұрын
True
@torrancerolfson25 күн бұрын
For the beginner, if you are actually trading in the crypto space and you don't have a solid mentor. So you will definitely get liquidated in 90% of your trades. Yes, that's the sad truth. I remember when I first got into crypto in 2019 but later in 2020 I ended up selling it because I lost a lot trading on my own without a guide. I got back into crypto in early 2023 with $10,000 and made $128,000 in a short time..
@StephanieJones-o5u25 күн бұрын
I'm new to cryptocurrency and don't understand how it really works. how Can someone know the right approach to investing and making good profits from cryptocurrency investments?
@HillaryMedhurst-v8u25 күн бұрын
As a beginner what do I need to do? How can I invest, on which platform? If you know any please share.
@torrancerolfson25 күн бұрын
As a beginner investor, it’s essential for you to have a mentor to keep you accountable. Myself, I’m guided by Adam Jeremy. A widely known crypto consultant
@StephanieJones-o5u25 күн бұрын
I'm a beginner please how can i reach out Adam Jeremy
@torrancerolfson25 күн бұрын
he’s mostly on telegrams
@fixitbrewbaycustom8543 жыл бұрын
Classic example of government efforts to protect criminal bankers and Hedgehog type creeps!
@williamyoung94012 жыл бұрын
It's this kind of negligence and large-scale bribery that eventually leads to doubt in government institutions and Revolution.
@boba21723 жыл бұрын
Frontline is the gold standard .....the best
@Scorch428 Жыл бұрын
AT some point, no matter how confident someone is nor how good they are with words should stop us from failing to see the facts of a case....
@heyheytaytay3 жыл бұрын
There isn't NEARLY enough law enforcement budget to investigate what's going on RIGHT NOW with the markets. Traders are taking on insane amounts of risk with little fear still, and it's all reminiscent of pre-2008. I for one am excited to hear when the next Maddoff scheme will be revealed.
@F44zz3 жыл бұрын
$GME
@Typho0nify3 жыл бұрын
@@F44zz Trading is hard for our boy Stevie.
@tpeterson91403 жыл бұрын
Im no expert or even a trader but after this bull run I'm sure there's gonna be another Maddoff revealed...
@Thatscrazyyourecrazy2 жыл бұрын
Look at dark pools of money and you’ll find an answer. It’s all in plain sight but no one truly cares to bring attention to it
@LJ-ht4zs2 жыл бұрын
They don't need another Bernie Madoff - they have a Steve Cohen - walking along scot free - willful negligence - is ok? Follow the money, lock them all up, CEO's workers politicians anyone connected.
@Bennnyak3 жыл бұрын
I know this is gonna be a banger
@DenisTunkin Жыл бұрын
Enjoyed it from the get-go to the end. Thank you, Frontline
@beck42183 жыл бұрын
Raj was also spreading "switches" by buying one index tenor and shorting another. It's a rates-trade (div-arb) but he was allocating the winning leg to F&F and the loser to public funds. He also did it with singlename spreads (stocks).
@themrfabio24593 жыл бұрын
To the pharmacist who dumped a million dollars on a binary pharma stock. He lost his money because he was dumb. The drug failed whether sec was crooked or not. Now he wants to sue…
@brendan725811 ай бұрын
The intro "Doesn't matter who you are, rules are rules, law is the law". Nancy Pelosi - Hold my beer.
@sosueme8112 жыл бұрын
We need this guy in today's Market!
@arigutman2 жыл бұрын
Incredible documentary, thank you for such quality content... More documentaries like this!
@vincentstewart18437 ай бұрын
PLEASE ADVISE ME. I was told to spread my savings across different things like BTC and Stocks to protect and support my retirement. with everything being shaky,I'm considering going into Trade. i don't wanna make the wrong choice.
@maureen...7 ай бұрын
Ellen DeGeneres hosted Kate floretta on TV 2 yrs ago that was where I saw kate and followed up.i have also been attending her Trade seminars.
@Godwin_blessing_felix7 ай бұрын
you must have these things in mind 1. Have a long term mindset. 2. Be willing to take *risk*. 3. Be careful, if you're not spending to earn back, then stop spending. 4. Never claim to know - Ask questions and it's best you work with an assistant.
@Mayor12487 ай бұрын
Yo I didn't know Kate was this popular,my cousin trade with her for some months now, I tried but couldn't understand anything it's not my thing tho so I passed Lol. I can testify that trade pays very well because my cousin at 23 bought a house already.
@wendyrosee7 ай бұрын
When it comes to Trade, I can confidently say that bitcoin is the best option. But most people think it's all about buying and leaving it to rise but It takes a lot more you need to trade it to earn daily.
@wendyrosee7 ай бұрын
I think I might have came across the name on an interview last year where she spoke about finance.
@RoxieParadox3 жыл бұрын
This is exactly why $GME and the giant tears that were wept by hedge funds was so damn hilarious. :)
@realScottThomas3 жыл бұрын
You do realize hedge funds benefited from GME in general. It's all a myth that they actually got hurt.
@stikkgreen52373 жыл бұрын
@@realScottThomas Melvin Capital lost 40 percent in Q1 alone.
@Andres_Acosta3 жыл бұрын
@@stikkgreen5237 melvin capital isn’t the only hedge fund. The movement you saw in the meme stocks were from other hedge funds smelling blood in the water. Retail wouldn’t have been enough to see the movement we saw on those tickers.
@Antonio-ck2hp3 жыл бұрын
@@Andres_Acosta I think you are grossly underestimating the power of retail traders
@Andres_Acosta3 жыл бұрын
@@Antonio-ck2hp no matter what you think no fuckin way retail can add multi-billions of dollars to any company market cap. It was other hedge funds exploiting the weakness retail found to cannibalize other competing hedge funds and hurt them hard.
@lilkingsamuel2 жыл бұрын
Fantastic coverage. Entertaining and informative. Better than most movies I have seen.
@tomspeed3354 Жыл бұрын
Sorry, this is no justice. The richest guy could stay out of prison and settled with money. SEC is a joke
@cv94353 жыл бұрын
So Steve Cohen gets away without any jail time but Rajrajaratnam goes to jail for the same thing, should we be surprised
@ambitiousceo2 жыл бұрын
Fun fact: The Showtime TV series "Billions" is based on Stephen A Cohen and SAC capital. Bobby Axelrod is playing Stephen A Cohen.
@543sunith Жыл бұрын
Thankgod someone knows about this and I found this comment😂👍
@robertasirgutz8800 Жыл бұрын
Seeing this years after the fact, I'm realizing how close to the events my family had been. We invested with and were socially involved with people like Slaine and others at Goldman. It sounds like everyone made a soft landing, and it's 2023. Nothing has changed.
@bilalhijjawi88602 жыл бұрын
Amazing investigative work Frontline... I just can't fathom how these cases seem to be merely the tips of the icebergs. Imagine what else happens behind closed doors in the US and how privileged and self entitled those 1% think they are!
@scott53092 жыл бұрын
Senators are now required to divulge all of there stock trading to the public, something that they fought against and lost. Nancy Pelosi has made millions by Way of insider trading and never loses. You can go to a website and see what see what she and her husband are buying and do the same. buying. This is a great opportunity so dont miss it! They should all be barred from trading and be sitting in jail but dont let that stop you from doing this while you can.
@govindagovindaji46622 жыл бұрын
*"Think"* they are!!? What, are you kidding here~? They most certainly ARE privileged and self entitled. Even the ones caught and jailed still keep most their millions. Some people just ARE above the law and nobody can convince me otherwise. I think that to believe they are not is wishful thinking on our part AND the part of prosecutors.
@deborahlefever-ul5uv Жыл бұрын
No wonder Maga wants to defend the FBI,CIA, national police, military. And not let us forget how they want to defund S.S . GEE most of the hedge funds. Ponzi schemes. So called trusted investors that are friends of your own family. It's the ones who worked all their lives and invested their whole retirement are the victims here! What's left to take. Yeah they go to club fed. But they still got that stolen fraudulent money somewhere in an overseas bank account and go on to live quite comfortably on the money they stole from unsuspecting victims. Hmm. I believe after the stormy daniels case, is not the ATF, FBI, STATE OF NY. All have to do with I believe approximately 16 or 17 cases of misuse of campaign funds. Defrauding investors. Not paying taxes😢😮 no wonder all those fat cats in Washington all want to rid these agencies. If Donald goes down it's gonna be like a domino effect. He has a way of throwing everybody else under the bus. But guess what their already giving secret testimony in front of the grand jury. Hell even Banyon admitted he's gone to jail. 🎉😊
@markspencer171 Жыл бұрын
HAHAHAHAAH. As if the entire of Wall Street and the Biden Government is not corrupt. But they need to pin it on one guy to make them feel good about themselves and trick you into thinking "we got the bad guy". You took the bait.
@ctdieselnut Жыл бұрын
@@govindagovindaji4662 its not that some people are above the law, its that some industries apparently pretty much are. If cohen was a drug lord or child trafficker, he'd have been imprisoned the way we do to all of those people.
@CyberData42 жыл бұрын
Outstanding journalism. Thank you!
@jcymngo Жыл бұрын
What's amazing is that these stories happen again and again. The lure if that big money is too irresistible.
@InvestorCenter3 жыл бұрын
How is this any different than politicians trading on insider information?
@InfoOnly2U3 жыл бұрын
This is who the tv show “Billions” is about
@orueom77203 жыл бұрын
Precisely.... s lot less handsome than Bobby axelrod
@Futureacquiescence3 жыл бұрын
And Bill Ackman too
@Otaku15512 күн бұрын
I can die a happy man now that I have heard the Frontline narrator say 'Sh@t'
@chrispaul3778 Жыл бұрын
The fact is that BTC symbolises the future of cryptocurrency, and traders are wondering if now is the best moment to trade, I feel you should examine the situation more closely before jumping to any conclusion. BTC's price has been fluctuating over the previous days, signaling that the market has become unstable and that is it impossible to anticipate whether it will go bearish or bullish. Others are patient, while others continue to trade with no risk. It all depends on the pattern you're trading and the source of your signal;
@donaldjack5487 Жыл бұрын
That’s true , I’ve been getting assisted by a FA for almost a year now , I started out less than $200k and I’m just $19,000 short of half a million in profits.
@donaldjack5487 Жыл бұрын
*Jessica* *Chiara* *Russell* is actually the one that guides me ,she's a highly-sought out advisor who I found on a CNBC interview where she was featured,you can look up her name on Google and reach out through her page.she understands the job perfectly.
@maximme3 жыл бұрын
Winnie who only got lobsters from the dealings get 4 years jail while the joker who made millions has YET TO BE SENTENCE....... true american justice
@mustbtrouble3 жыл бұрын
she got alot more than lobsters idk how you missed that.
@mark91183 жыл бұрын
That is probably because Winnie pled guilty. If you plead innocent, it takes a while for all the appeals, etc to run their course. Please on death row typically don't get executed until 20+ years after their crime.
@LJ-ht4zs2 жыл бұрын
@@mustbtrouble Not to the tune of others however, only one man got 14 mos. Look at Martha Stewart and Leona Helmsley (only the little guy pays taxes) Martha went to jail for insider trading (a lot less $ involved then these guys) and Leona said what all of the men think. Guess misogyny at play here too. Also lobster lady.
@mustbtrouble2 жыл бұрын
@@LJ-ht4zs you misinterpreted the comment to mean the opposite somehow.
@alcoholfree6381 Жыл бұрын
A friend of mine recently told me: “You can make a lot more money with a briefcase, than with a gun!” I guess he needs to add “a phone, the Internet, and some well paid contacts.”
@Einhander493 жыл бұрын
I feel there's gonna be a Frontline special on Citadel's RISE and fall.
@Stoneface_3 жыл бұрын
Lol not gonna happen. Citadel profits soared this year and went on an hiring spree. Citadel is a money machine...
@Einhander493 жыл бұрын
@@Stoneface_ I will revisit this reply in 5 years.
@Stoneface_3 жыл бұрын
@@Einhander49 ok 👍
@kirilmihaylov19342 жыл бұрын
@@Stoneface_ what profits?
@agavebob34622 жыл бұрын
Preet Bharara : " It's doesn't matter who you are or how much money you have, every body has to play by the same rules..." Steve Cohen : "Nah, you just have to pay $1.8 billion to stay out of prison and keep on keeping on ; )