Pump And Dump Schemes Are Now Legal!

[@PBoyle]

Use PATRICK activation code at nordpass.com/patrick to get a NordPass Business free 3-month free trial.No credit card is required.

[@fypos]

Can you do a video of Aus tin Pri vate Weal th shorting certain stocks right before the actions of 7 - 1 3 then saying it was a mistake ...

[@InfoSopher]

What would we do without you trying to be cool by liking rappers. Always a part of the crew Patrick, until you detect their scams. Then all the raps are off except for those about prison: A hip a hip a hip - replacement would be fine since I sit behind bars making these rhymes for three decades now ever since Boyle spoiled my soil spit in my tea pump and dump - money-making sea.

[@wobblyboost]

Indirectly take my money by fooling me into pre-laundering it for you through the stock market. Theft by decieving people to throw money at useless things is good theft now I guess, Elon really is a ground breaking economic genius and not a fraudulent grifter after all.

[@MaxRuso]

Bro I love your suit

[@Samuel-q7t9e]

New to your channel…..it is enjoyable….. don’t know if you have covered the topics before, but I would like to hear your take on inflation, future age demographics, future consumer, labor and credit markets, shipping, tech bottlenecks et cetera…..god bless

[@LucianoFaricelli]

As a Scottish Lord with real estate on the moon, I doubt that I shall ever succumb to a scam as pedestrian as a "pump and dump".

[@joeking433]

LOL! Good one!

[@Zackadeles]

Established titles moment

[@dankurth4232]

Sir, please tell me how I can invest in your Moon Land Real Estate Funds. Thanks in advance

[@johnstirling6597]

Are you related to that Nigerian prince that keeps calling me? he seems so nice and very wealthy, but slightly unfortunate!😁😁

[@planescaped]

Please let me purchase some oil derricks on your moon land! D:

[@EdwinSteiner]

According to this Texas court, pushing someone off a roof is not murder because it is not the horizontal movement that kills.

[@boslyporshy6553]

That's not inaccurate.

[@youtube1stViewer]

It’s a loop hole reserved for rich and powerful that can hire the right lawyers. The common people cannot benefit from it without paying high cost lawyers.

[@fwiffo]

Gravity is an act of God.

[@pinkyfull]

One really has to wonder about the sanity of Texan Judges.

[@JH-pt6ih]

@@youtube1stViewer Yup. And when the people who want to wholesale just eliminate the EPA know that they have the money for legal defense (aka lawyers, aka henchmen with a more impressive title) to sue you if they don't like how what you do effects/affects their land; and conversely they have the money to sue you if they deem you doing something that effects their land.

[@flymousechiu]

it's only a financial crime if you steal from people/orgs richer than you.

[@mellowInventor]

No, then it’s penetration testing and you send them the bill for your hours worked.

[@johnk6757]

Pump and dump isn't really stealing, though. In law the technicalities matter

[@abdiganiaden]

It’s wrong era to be clueless

[@Hazard2005]

Don't forget to give the gov their cut/tax.

[@proximacentaur1654]

@@johnk6757 Yes it is. Yes they do.

[@flashrogue4376]

Judge "you shot him dead sir" Defendant "no, the bullet killed him, I was just giving my gun a little hand hug" Judge "case dismissed"

[@georgezhang1573]

This is more like “he agreed to get shot after I gave him a fake bulletproof vest and convinced him it was a real one”

[@HarryMbise1]

This reminds me of that one scene from "Collateral" where Tom Cruse's character, when told "You killed him", answers, "No. The bullet and the fall killed him"

[@mesiroy1234]

Cute men and hig accidentally fired

[@smuirhead3107]

Lmfao. gd shit ty

[@ChristopherSadlowski]

Did we expect anything rational coming out of a Texas court? I say we should give that state back to Mexico but I doubt they want it at this point.

[@vonneely1977]

What's the going price of a Texas judge these days, anyway? $500? $1000? A Big Mac and a line of coke?

[@mommalion7028]

I’m so sheltered I had to read that three times to realize you meant narcotics and not like a drink carrier with four diet cokes

[@catriona_drummond]

@@mommalion7028 It's the Big Mac. As a complementary good to a certain drink, the mentioning of it primes our expectation.

[@sjsomething4936]

Nah, you just have to say bad things about extreme radical liberals and bash the LGBTQIA+ community a bit and toss in a racist dog whistle, that’ll get you your preferred judicial outcome

[@Bossman-pg8kk]

​@mommalion7028 I mean it could be with the way mcdonalds is pricing things now

[@zigzag321go]

As a Texan, I'll invalidate any woke law for an AR-15, I also accept tanks, aircraft, and trucks.

[@Steelmage99]

Steal from the poor, get rich. Steal from the rich, get hammered.

[@paulbarclay4114]

shhh the poors are gonna find out how the world actually works

[@kylestephens9593]

it's usually steal from the lower middle class because they have some money, but in the same time not enough to defend themselves. and you don't really steal from poor because they don't have anything to offer, you rather rile the poor masses to gain power. ;)

[@revolutioninc7081]

Class mobility only exists in the dog eat dog world now, you can thank our politicians and judges for that.

[@Lonovavir]

So, business as usual?

[@Lazzil]

The dude running WeWork pulled it off well enough. It's a little harder to do, but if you have enough riz and know enough buzz words, you can get away with it.

[@glyptodon_ch]

As a fraudster, what I need to know is how do I make sure my dastardly scheme falls under Texas jurisdiction?

[@dinkaboutit4228]

Just do it in an open carry state.

[@Idunnoyouguessit]

Cowboy hat and a rebel flag

[@antonnurwald5700]

Use Elon Musk thumbnails

[@tylermc11795]

Just do it in an r worded state (trump appointed)

[@tylermc11795]

Just do it in a (R)egarded state. Trump appointed preferred, the fundamental purpose of laws do not matter anymore. They only matter if it serves consolidating power

[@homelessengineer5498]

I read up on the case and the reasoning behind dismissing it. The judge cited Greenlaw and Cimenelli as precedent. His argument was that "deceit" is not enough to convict for fraud; you need to deprive people of money or property. Since the followers did not give money directly to the influencers, it's not a crime. So fraud is a-ok as long as you launder the money. You can thank the Supreme Court and the Fifth Circuit for that one. Happy pump-and-dumping!

[@kenon6968]

It can be retried, the prosecutors need to up their game

[@methos1999]

Seriously - makes me want to quit my day job 🤣

[@technokicksyourass]

Sounds like the prosecution brought the wrong charges. Frankly, anyone relying on the internet to make stock picks in the penny market is going to lose money. When you open a stock account you better have your big boy pants on, because mommy is not going to save you if you wipe your account out.

[@Jinkypigs]

LOL your justices and judges are so incompetent and corrupt. They really need to be investigated and disbarred

[@Jinkypigs]

​@kenon6968 LOL this stupid decision should never have been reached in the first place you moron. And the persecution is not expected to predict a corrupt and stupid judge running defence for the corrupt scammer

[@BobSure_AKA_PotatoSmasher]

Your deadpan cynicism and straight-faced sarcasm is golden. Keep it up.

[@jeanalice4732]

Nick name changed to Rothschild scheme. Nothing new here

[@phdtobe]

The judge is not a “Texas” judge, i.e. a judge in a Texas STATE court, but a FEDERAL judge in a Texas jurisdiction.

[@bartolomeothesatyr]

Appointed by a Texan president.

[@phdtobe]

@@bartolomeothesatyr Texas doesn’t have a president, only a governor. 😉

[@bartolomeothesatyr]

@@phdtobe The Presidents of the United States of America are the presidents of *_all_* of those united states, are they not?

[@bartolomeothesatyr]

@@phdtobe The Presidents of the United States of America are presidents of *_all_* of those united states, are they not?

[@phdtobe]

@@bartolomeothesatyr That is true. That is why while we sometimes have a President from Texas, we don’t have a Texas President! He/she is a United States President! 🤗

[@LuukvanDijk]

Best judicial system money can buy!

[@anthonyn9096]

@SivalinPuthery 🤣

[@perhaps1094]

@SivalinPuthery The man literally made an NFT, he is not going to crackdown on this stuff at all. Trading unregulated securities is a bipartisan activity lol

[@PsyrenXY]

​@SivalinPuthery His Supreme Court got us into this mess and he's absolutely going to make it worse.

[@natalkumar6132]

Well India exists.

[@untitled6391]

​@@natalkumar6132 har jagah gand gusane ki aadat chod de bhai

[@perfectiondreamusa]

>gain money that someone else loses “you’re honor i wasn’t trying to make them lose money just make myself gain money”

[@brentfarvors192]

Literally the stock market...People bet other people a stock will go up or down, based on nothing but speculation...What makes what they did any different...? There HAS TO BE a "line"; They are it!!!

[@nabieladrian]

"Buy this $100 paper if you wanna get rich!" "Ok! Wait, why it's only worth $10?" "You're late into the game! Now this $200 pen is the trend!" "Shut up, give me one!"

[@brentfarvors192]

@@nabieladrian Literally this!!!

[@Lucaz99]

⁠​⁠​⁠@@brentfarvors192except the stock market is more akin to gambling meanwhile there’s no winning with pump and dump unless you’ve been there since the beginning. You’re acting like the scammers didn’t know beforehand what they were doing

[@daryanguy]

@@brentfarvors192they directly manipulated the value of the stocks purchased. There was no bet

[@efkastner]

Came for information, left without any legal rights

[@andreys7729]

Me too...

[@sandasturner9529]

😩💀💀💀

[@lepidoptery]

you have the right to start a pump and dump scheme yourself now!

[@FungalBunghole]

​@@sandasturner9529 brainrot

[@eu7435]

I regret that I have but one thumbs up to give you, Sir.

[@danielobrien9502]

I can see this Texas court deciding the following: "K wasn't responsible for V's death, because K only fired the gun. The bullet had to travel the distance from the barrel of the gun to V, which is determined by physics. Then the bullet had to penetrate V's skin. K is clearly not responsible for physics or the failure of Vs skin to be impervious to bullets. The bullet was too far removed from K for V's death to be K's fault."

[@neilbucknell9564]

There seems a fundamental flaw in the US fraud offences. From what I understand of the UK offence of fraud, all that is required is that the defendant gains from their misrepresentation, and their is no need to identify a victim or causation of the victim's loss.

[@luckyfk3452]

The flaw is that fraudsters are put in charge of offices that should battle fraud. This judge should be behind bars.

[@winzyl9546]

There is a fundamental flaw in US.

[@torstengang5521]

It is isn't a fundamental flaw in US fraud offences... The Judge is just stupid and should be fired and forbidden to give any form of legal advice

[@T-mu2hk]

You kind of need a victim tho right otherwise it's "guilty because we feel you are" no victim no crime. You could claim the fraudster himself is the victim, because lying harms oneself, when caught.

[@skachor]

​@@T-mu2hk I thought there was no victim. Who was caught lying to whom? And whoever was misled is a victim. Unless you mean lying as misinformed, but being misinformed implies the liar is not lying, but speaking truly on what they believe. Or do you mean that as long as there isn't a complainant that there is no crime? Because unreported crime is still crime, isn't it?

[@deaddropholiday]

This reminds me of the Margin Call distinction, "You are selling something which you know has no value", "No, we are selling to willing buyers at the current fair market price".

[@chrisdenis6698]

oh man such a good friggin movie. it should almost be required viewing in school. although maybe not business school

[@Lonovavir]

Easily the best financial scam film made.

[@fakestory1753]

they fake the market price, as simple as that

[@ElectronicWitchcraft]

Be first, be better or cheat. I still use that all the time!

[@TheGIGACapitalist]

Finfluencers always wear sunglasses so you can't see their dead eyes.

[@aenorist2431]

If only they were ... but hey, thats a solvable problem, eh?

[@volvo09]

They always look so tacky too... Like why would anyone follow a guy acting like a rich teen and believe it? I wouldn't be able to live with myself throwing on sunglasses at a rented beach house throwing hand gestures in front of a rented supercar 😂 It's so corny

[@codycast]

What does that say about the absolute tools that actually watch and follow them?

[@Foolish188]

When they have hot babes in the background and water behind them and Hawaiian shirts, they are scamming you.

[@randomrandom7208]

Their carrying eyes

[@papacharlie-niner148]

I think it's time to promote "A Texas Court" to the same level as "A Florida Man."

[@cakeburps]

Nailed it. Incoming Texas state law making it illegal for the press to publish a judge's name when reporting on cases...

[@xelaxander]

Or just the Supreme Court...

[@theespartanff3188]

​@@cakeburps please tell me your joking

[@cakeburps]

@@theespartanff3188 Aye, a jk "I'm calling it now" of sorts :p

[@SEAZNDragon]

@@cakeburps Not sure how that's going to work given the judge's name is attached to the specific court.

[@Hahahahaaahaahaa]

Key take away, the more sociopathic you are, the less fraud you are committing because complete indifference to other people losing all of their money is not intent.

[@faafo2]

This is my favourite hip-hop news channel!

[@Bzuhl]

Come for financial news, stay for the firehose of sarcasm.

[@GhostWriter-wt8pb]

It is called entettainment.all news sorces are entertainment only.

[@peterhall6656]

The US judicial system is the best money can buy

[@dabeage]

That's why everyone hopes, prays and believes-some day, they will be rich.

[@pabloac.8100]

lol...and that's not even their worst system....I'm sure many would argue that their political, educational and cultural systems are far worse...

[@Gunni1972]

@@dabeage And that's why OTHER People and Companies Buy Politicians, so the hopers, prayers and believers never will be.

[@Gunni1972]

@@pabloac.8100 1+1 equals whatever the Investor you try to convince wants to believe?

[@DisgruntledSpam]

Both sides have too much corporate influence. But remember these are Republicans appointed judges at this level and at the Supreme Court level. They want us to live in their libertarian utopia where the rich have all the information and leverage and can fleece us all day.

[@TheGIGACapitalist]

The white on white only works because you're a rapper, Patrick.

[@gregorsamsa1364]

Couldn't pull it off if he wasn't black

[@warlove5106]

Luckily this is a pure rap channel usually. :3

[@snakevenomdrink]

Rap basics and rap culture honestly a lil Memphis psychology review aswell

[@UlshaRS]

That is the content we subscribed to. Only the hottest rap takes!

[@NothingXemnas]

No, wait, he is actually attempting a Doug Dimmadome, owner of Dimmsdale Dimmadome cosplay. Only lacks a black tie. Edit: and a white top hat.

[@tyhbvft1218]

"the only thind investors were deprived of was accurate information necessary to make discretionary economic decisions" wow, like it's not the most important thing in the equation

[@livelongandtroll9108]

Next they will revolutionize criminal court: "Well, even accepting as true that the alleged victims ultimately lost their lives because of the bullets penetrating their craniums, the victims' bullet wounds are one step too far removed from the defendants' alleged pull of the trigger."

[@yarosperdp962]

I think people fall for this,it's not because they don't know it's a scam,but because they think they can get out before it collapses and they smarter than other people

[@Zuriki09]

I think it's both. I've seen the discussion boards of people who have fallen for these scams and they truly do believe it in many cases.

[@FenrirRobu]

I suspect that it's based on the asymmetry of financial education. I have seen multiple different scams that ultimately work only once: like the tourist scams, used car sales scams, real estate sales scams (poor quality hidden), crypto scams. Once the victims have had a lesson they would usually not fall for it twice, but unless they get a "vaccine" through education, they are likely going to make a lot of money for the fraudsters.

[@josephrittenhouse5839]

By the time you've heard about it, you are too late.

[@Demetri450]

True and to learn how they can do it!

[@josephhawthorne5097]

@@Zuriki09 Yea, that's the trick. Lot's of less informed people get suckered in, then you have all the greedy people who figure it's a scam, but think they can get a piece too, not understanding that it's already in play and too late for anyone to join in and "win" at the point they're hearing about it.

[@ashishpatel350]

Apparently their defense was "it's just a prank bro"

[@onetwothreefour-s1n]

😂😆

[@edcko10]

😢

[@brentfarvors192]

"Good enough! If they are that stupid, more power to you!" Which, actually makes sense. Courts have to draw a line somewhere. These idiots are it!

[@Gunni1972]

Why you heff to be mad?

[@woodjohnn]

Pro tip; Finfluencers hate you and would steal the last piece of food out of your starving mouth without blinking an eye.

[@morkzorckerborg5000]

I used to write business/investment articles in university to help students/consumers understand markets/products/systems beyond the marketing. If you dont shill bad products your post wont be pushed in algorithms, my profile/posts were deleted, shortly thereafter the same topics covered with "insert sketchy financial instrument" as gods gift to earth.

[@robertthomas5906]

Don't be silly. Any fraudster would do that. Identity theft, and so on. Soulless people who should be given a necktie party.

[@GhostWriter-wt8pb]

​@@morkzorckerborg5000you are an influencer.i do expect that comment stung.

[@MrPolluxxxx]

Remember, if influencers tell you to buy, it's time to sell.

[@trollking6206]

Really gotta hand it to Patrick on his sense of humor

[@nab-v1w]

They didn t wanted banks to be condemned for selling knowly unhealthy products to their own customers

[@Gunni1972]

Like Toothpaste? Fluor aint good for ya.

[@JeRefuseDeBienPrononcerBaleine]

@@Gunni1972 Fluor is great for your health.

[@nab-v1w]

​@Gunni1972 small quantity of fluor can help tooth cells to exert an electrical potential and tyroid to capt calcium, both effects helps to create the mineral protection on teeth. I prefer be a white tooth complotist than a cavited sheep of the system

[@nicolashrv]

According to this judge......if a thief points a gun at you, and you give him your money, this is not robbery, because you gave your property directly to the thief.....

[@williamcarson3011]

I think it's more like, if they have someone else point a gun at you, and tell you to put your money on the ground, and then they just *happen* to pick it up, that is not robbery.

[@planescaped]

Sounds like the lawyers for the prosecution didn't do a very good job either, or the defense were slipping heroin into the judges coffee.

[@maganashaker167]

@@planescapedit’s Texas, the judges are bribed up their asses

[@dabeage]

That's Texas. Never drive across that State in your own car, or with any sort of valuables. They will pull you over, impound your assets on a trumped up charge, and then you have to pay to fight to get it back.

[@SEAZNDragon]

@@planescaped I'm a cop and I learned over the years to be careful with how I write as even a small grammatical error can lead to a charge getting thrown out. While I'm careful with my writing I had my share of nights where I was woken up at home in the middle of the night and told to rewrite a charge to add needed verbiage. Mind you this would be county judges in state criminal courts not the feds, but ironically I'm in Houston where the federal court is located. However, in fairness to the prosecution here the judge based his decision on the Supreme Court's Ciminelli decision which came a year after the indictment. The Supreme Court decision was unanimous by the way. If I got the legal logic right SCOTUS did not deem information as property, so depriving person of information can't be treated like depriving someone of their cash. Problem is pump & dumps work by depriving people of info and manipulation them with that lack of info.

[@BatkoNashBandera774]

I hope no one ever lands in front of such a buffoon judge, like, there's 'being wrong' and then there's 'being fundamentally wrong'.

[@MarcosElMalo2]

Who is the judge and who appointed them?

[@BatkoNashBandera774]

@@MarcosElMalo2 it's in the video, I didn't write it out. Meaning who the judge was, not who appointed them.

[@dmrr7739]

@@MarcosElMalo2 appointed by W. Very partisan judge.

[@MarcosElMalo2]

@@dmrr7739 Thank you. The ruling sounds more like that of a crackpot than a partisan, tbh, because its fundamental flaws are egregiously basic.

[@rogirek3362]

I believe it's called being "supremely" wrong, in the legal profession. As in "This is obviously an intentional, knowing, criminal subversion of what I know the law to be, but the 'Supreme' Court is going to back me on this objectively 'wrong' decision."

[@maximilian9000]

Thanks for taking the time today. Was a real kick meeting you!

[@benjaminh.7698]

Andrew Hanen: On January 23, 2002, he was nominated by President George W. Bush to a seat on the United States District Court for the Southern District of Texas.

[@TheGaijinZack]

I’m 5 mins in and he hasn’t told me which stock to buy or when the albums dropping

[@zagreus5773]

Always buy stocks that will go up on value, don't buy those that will go down. I take a 7% commission of your profits, please venmo me as soon as you make them.

[@allesarfint]

I'd recommend chicken stock, you can never go wrong with it.

[@Necrotic99]

Give him time, he never trained for this so he needs to learn from qualified people.

[@patelk464]

I can email you the stock I am about to trade in. I just won't tell you that I am going to sell my stock. Please don't take this as an investment advice. Always do your own research.

[@SuperBean69]

Goddang, the amount of sarcasm lol

[@Gastell0]

I am seriously impressed by solid 20 minutes of spite and sarcasm, and all of it is fully understandable, like what the actual fuck!

[@JeddieT]

_”…Due to their terrible grammar and spelling.”_ … Comedy gold Patrick.

[@runeodin7237]

What about 'While this dismissal may have been bad for investors, it's even worse for Hollywood.' - delivered with a totally serious face. I'm pretty happy I wasn't eating or drinking anything when Patrick said that so that I avoided the mess that would have come from my following uncontrollable laughing bursts.

[@JeddieT]

@@runeodin7237 …haha yes, it’s that straight-faced delivery that nails it every time.

[@georhodiumgeo9827]

My favorite was that he is only covering this because one of them was a rapper and that ties back to this being a KZbin channel primarily about rap music. AI will never be able to replicate Patrick.

[@johnathansilva2823]

Last week: New laws to stop politicians from insider trading? This week: Pump & dump now legal

[@kristintopol1724]

It's satire 😊😊

[@berndberndsen5680]

Just finished watching the video and I lost all my hair. I'd sue if I still had any legal rights.

[@dougypk111]

Ah yes the "Don't know, don't care, sucks to be you" defense. I think Elon's used that important legal principle to win a couple of lawsuits.

[@Ikaros23]

Financing secured 😂📈

[@dabeage]

He's lost a few as well, that's why he's so pro-Trump. He knows that the current system will collapse and he thinks he'll be able to do whatever he wants.

[@whtwht]

​@@dabeage oooh is this real patriotism

[@dabeage]

@@whtwht patriotism and power are not an equivalent

[@Gunni1972]

@@dabeage But he does. About 1/4 of SpaceX is financed by NASA (And therefore the Tax payer). Tesla is on the chopping block for false Advertising. And Yet Elon claims he is worth a 50BILLION salary.

[@jorgemmc21]

This channel is underrated af. High IQ humour while explaining something that should bore people to death.

[@Gunni1972]

It actually should enrage them, but hey, Lazy is, as Lazy does.

[@dougsheldon5560]

I think your jacket is more of a "Florida Real Estate Scammer " vibe.

[@obsidianjane4413]

He'd have to be wearing a pastel t-shirt though.

[@Goal-2-Go]

It reminds me of Don Johnson and the Days Inn Miami..

[@kenon6968]

Miami exotic car rental

[@davidpearn5925]

He'd obviously fail a Tesla interview.

[@TheDomander]

I think, this is done intentionaly

[@think2086]

*America is falling apart, in large part, because of judges in Texas. We gotta address this issue. Look into how manipulative Texas is with their federal judges for example.*

[@ChristopherSadlowski]

I know there are laws against states leaving the union on their own accord. Is there any saying we can't kick one out? I can play these stupid semantics games too...those two things are technically not the same thing.

[@armorhide406]

Texas has oil and mistreats women. We should invade them

[@johnredberg]

"The legal advice provided in this video is not legal advice." 🤣

[@PBoyle]

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[@novalinnhe]

Can't believe I terminated all my legal rights watching this

[@steare5034]

I can't belive my kindneys and my liver are in danger after watching this

[@mesiroy1234]

Why my favorite rapper news talking about sec ?

[@amazinggrapes3045]

What? How?

[@cooltwittertag]

​@@amazinggrapes3045if you saw a disney ad before this you are now legally obliged to deliver your firstborn and wife to disney headquarters by next week friday.

[@MbTrojansurgeon]

Mr Boyle! Dry as a martini…funny as a hip fracture!! Love this guy

[@Ln-cq8zu]

Martini dry, no lemonade 😂

[@NothingXemnas]

​@@Ln-cq8zu Not shaken, not stirred, just straight poured into your glass LMAO

[@Milen983]

It is very sad. When I just started discovering stock investing and trading, I fell a victim of pump and dump scheme. I knew absolutely nothing about it. I didn’t know much about price actions and how short selling worked, etc.. So, six months later, after I lost huge money (for me) on that scheme, interactive brokers restricts me from trading some stocks. As a result, I started trading some options and lost money. So, I totally moved to another platform. Screw IBKR. I called them. They told me probably it was because of my “involvement” in that scheme where I was a victim. I didn’t have my phone then so couldn’t confirm my identity for the moment, so I didn’t continue with details. So, pump and dump will continue to be legal unless these thousands of scammers scamming people of billions of dollars get punishment that they deserve, and not a tap on their hands. The judge should be imprisoned. The judge definitely was bribed.

[@serva7977]

I read the judge's document and it was dimissed without prejudice so the case can be retrialed. Hopefully prosecutors are able to do so and get charges to stick

[@dabeage]

BUT, only if you have the money, honey. Remember the first rule of law suits is delay, second is delay, third is delay. If you can afford to out wait them, maybe you have a chance-but the opportunity cost is usually too high so it gets dropped and you win.

[@Jinkypigs]

For such a stupid verdict to be reached in the first place .. seriously your judges in usa need to be investigated

[@ChiefBridgeFuser]

Did the SEC screw up by not siting the other precedent?

[@SK-ny5ei]

@dabeage Interesting point. You should delete it, and repost it on a story about a lawsuit. This story is about a criminal trial in a federal court, where stalling your case until the federal government runs out of resources would be a bold move, to say the very least.

[@dabeage]

@@SK-ny5ei You just have to hold out longer than them. Works more often than you would think. The Feds are overwhelmed and people come and go, along with the interest in certain cases.

[@nameless-sn3tj]

I feel it is important to point out that a trial court does not set precedent in the US. Just because one judge throws out a case does not mean the next judge won't throw the book at a pump and dump scheme. I bet the prosecutor will appeal the dismissal and refile the case. This really isn't too different from the postal worker who won a dismissal for charges of carrying a firearm in the post office. The trail court ruled that was constitutionally protected but that ruling doesn't apply to anyone else. EDIT: Typo, since y'all care so much.

[@rejvaik00]

That's true only the federal circuit like the 9th and the 3rd Courts who over see multiple states and of course the supreme court can set precedent But since the US supreme Court sees less than 3% of all cases presented to it most of the things that are seen by court and become precedent and become laws usually done by the federal circuit courts

[@obsidianjane4413]

Not only is this wrong, any court ruling can be cited as precedent, I'd rather not take legal advice from someone who can't even spell.

[@stephenthompson3418]

They can be persuasive authority.

[@maht0x]

@@obsidianjane4413 it is Texas, so using the trail courts might be correct

[@rejvaik00]

@@obsidianjane4413 no they cannot the federal level of government courts always overrules any other court ruling if they wish to do so Its why the supreme court is at the federal level and why the federal circuit courts are also at the federal level

[@thepureheartofdark]

Absolutely disgusting. How is scamming people of their money, and like the livehood, not "causing damages"?

[@the0ne809]

this is texas for you. guess who appointed these federal judges. You're welcome lol

[@OGJeff685]

@skippy6086 you aint kidding, Ken G. just bought a dinosaur with stolen money.. and it's all okay.

[@dabeage]

Caveat emptor, baby. Free-market Capitalism.

[@georgeshapovalov2548]

Well, obviously now its legal, as long as you launder. Still cannot do it directly, with cache hand-in, but just you wat.

[@brentfarvors192]

When, the people should have known better by now...At some point, personal responsibility has to.come into the picture; This is that point.

[@PhiloxenusTitanic]

The podcast was just like a Wall Street Bets comment section in the form of a conversation.

[@someotherfakename3443]

This guy might be the funniest person on KZbin. He has such great delivery.

[@johna2835]

I am disappointed at the lack of rap content this far into the video -

[@TheCienporciento]

You must have missed the super important info that one of the influencers of Patrick's previous videos had done some rapping. Watch again at 0:12.

[@RealmsOfThePossible]

Especially after Eminem dropped his album, I'd expect at least an analysis of Eminem's wealth in assets and a bar for bar verbal smack down on how he could have avoided both business tax and home improvements by claiming the music studio in his mansion is part of the home whilst also writing off furnishing and decorating the home as a business expense...and Patrick had better come with treble entendres and cyphers out the wahoo!

[@igotes]

N****a's been spitting some dope rhymes. You be trippin', dawg.

[@rocksnot952]

Fraud is usually considered a crime. LOL

[@RichWithTech]

Where? Edit: this was sarcasm based on the observation that so many countries just allow fraud to happen

[@richizzle39]

@@RichWithTechevery where 🤣🤣

[@LordZordid]

The court changed the word Fraud to Duarf. They don't consider Duarf to be a crime.

[@Mordecrox]

And bribery. When translating "lobbying" to my language it is often translated as "bribing" and when translating back it can causes issues.

[@hemerythrin]

@@LordZordid The card says "Moops"

[@Djb1976]

If there is anything we can count on in the USA, it is that we can be 100% sure our government will be totally feckless and uninterested in helping the average American in any manner.

[@theotherohlourdespadua1131]

True to its creed since 1886 (Fun Fact: it was Grover Cleveland that verbalized the US Government's position that is is not their duty to help the American public when farmers in the Midwest asked for aid during crop failures in 1886)...

[@dabeage]

That can be said of ANY form of Government. Ours ain't great but it's better than most.

[@lightningninja6905]

​@X_crypto1977 I question the wisdom of simply electing different people when the whole system appears to be corrupt.

[@chumba421]

@X_crypto1977u think they count the votes? lol

[@catriona_drummond]

Americans go on about small government all the time and complain when they get it. :P

[@martinjohnson5498]

So, as long as a publicly traded firm is not in the process of issuing new shares, it is OK for the CEO and CFO to lie on earnings calls and in other public information? This will not work.

[@shangobunni5]

Patrick, your videos are BRILLIANT!

[@fuzzydunlop7928]

Oh my god, everything is awful and getting worse by the minute. We're so fucked.

[@the0ne809]

guess who appointed those federal judges in Texas. Right.

[@dabeage]

Every civilization implodes.

[@goji_crafter]

​@@the0ne809george w bush?

[@danielschein6845]

The disclaimer he flashed on the screen at 9:22 is the best and funniest part of the video. 😂😂 Definitely worth hitting the pause button to read. He should have made this more prominent.

[@markowitzen]

lmfao you can tell it was probably from chatgpt

[@eddenoy321]

It is funny

[@razvanvlad6885]

thanks a lot, now my legal rights are terminated

[@Smorpdup2193]

Thanks! I totally missed that while watching the video. That laugh was totally worth losing all of my legal rights.

[@garrenosborne9623]

Possible side effects inc...... baldness😂, to take to new legal pump n dump arms race to the bottom , before project 2025 crowns and American emperor by divine right. Where all pumping will done one way only

[@geg754]

Patrick be looking dapper hes got better fashion than gurus and finance bros

[@PyroMancer2k]

I find the comment on how the stock market better helps allocate capital to companies that need it. It's like if Person A buys stock from Person B it doesn't have any direct impact on the company's funds. The only time stock price effects the company is if the company is directly buying or selling it's own stock, or using stock price as collateral to get a loan. The stock market is mostly a gambling/speculation house for financiers who make money with buy low and sell high rather than the actually financial well being of a company as we've seen plenty of stories where companies CEO do things to make the company look good so they can sell their own shares while the company value is high. Yet not considered pump and dump or insider trading because their policies were public knowledge and they "thought" it would improve the company cause after all incompetence is not illegal, but is a great legal defense.

[@zackbarkley7593]

Lots of illegal stuff that is accepted or tolerated by the establishment...especially if big money is involved. Monopolies, functional rackets like HMOs, bundled cable, trust funds which are fake companies, automatic/forced software updates and alterations to stuff you bought after the fact, surveillance, pump n dump, stock buybacks are all illegal by our laws already on the books. There is also such a thing as spirit of the laws and justice as well. Even private law firms are questionable legal as they create an obscenely unequal representation under the law. If we had lawyers worth their salt and a legal system uncorrupted, these would all be successfully challenged. Acceptance does not mean legal.

[@battragon]

"You can't make motivational speeches about how everyone slowly got tired of you and moved on." ^^

[@tsbrownie]

CEOs have, and are doing pump and dumps daily.

[@elftax]

It’s also been working great for Tesla….

[@verdazair]

Plot twist! The 5th Circuit has also recently started noting that Stare Decisis is no longer a "thing" they're doing. 😆

[@VetterStarksack]

No matter how bad you use the light in your videos, we still love them!

[@haraldstraume6892]

Brilliant rap analysis as always, Patrick!

[@gabrieldomocos7570]

Ah the "This is not financial advice" defense

[@Gunni1972]

"This is not Therapy"-disclaimer before Jordan Peterson gets on stage?

[@DukemusMaximus]

OK, it took a bit of work but freeze framing the “legal disclaimer” cleverly hidden in the video is absolutely worth it. Bravo, Patrick! Everyone, watch very carefully (intentionally not revealing where it is) …

[@Fred-gu6pk]

That is just annoying, 9:22. I note Patrick has included what could be a reference to the Earnest Saunders "Guiness case" in the possible side effects.

[@bigzee89]

Subbed because of this video, absolutely hilarious!

[@Ildskalli]

You’re looking sharp in this video, Patrick. As expected from the #1 source of rap news and rumors!

[@Lemma01]

Informative as this is, it leaves unanswered the question as to whether Patrick can really get away with that jacket.

[@TheViajeromundial]

Mr Boyle you did it again. I learn a lot while I laugh with your comments at the same time , regards from Chile

[@harpo5420]

Having now worn the snappiest jacket on the tube you have now backed yourself into a corner, where next? I'm already giddy with anticipation of the next video

[@misterseigal]

perfect disclaimer, Patrick

[@Mr8675309ful]

Patrick, I love your humor. Why not call Saul Goodman.

[@whattowatchrightnow]

The Crocodile of Pump and Dump

[@michaellongobardi91]

Wooooooo the jacket threw me off guard. Patrick, you are a rap fashion icon.

[@HandyMan657]

I know a certain orange someone who loves the pump and dump scheme. So much so I would ask if the Judge who made this ruling didn't have him in mind when making it.

[@skm5974]

Excellent piece as always

[@jstan5001]

Patrick, you should consider taking a suit sponsorship.

[@e.s.l.1083]

THAT suit ! ❤ (can't let it go unmentioned... wont let it go unmentioned)

[@erdngtn9942]

Glad to see your matching those scammers energy with your new thumbnail

[@pinagrrrr2280]

😂😂

[@tomwende5529]

Patrick Boyle: the dapper rapper. 🙂

[@victorfranca85]

I might like this jacket more than the red velvet one. Red is out, vertical stripes on white are in!

[@phutrinh686]

yes, it is legal now. Even brokerage companies setup legal dedicated channels - copy transactions - where influencers officially show their portfolio and let people follow their actions. This pump and dump activity is not legal but it is legally supported now.

[@geohhoeg8630]

As a former fraudster myself, that jacket is fire.

[@alecvandeleest]

How long until SCOTUS declares the SEC is unconstitutional? I give it 3 years if unabated.

[@personzorz]

Musk will make sure that the case comes faster than that.

[@jamesanthony5257]

@@personzorzThat pace will depend on how big of a “tip” he hints at now that money paid for a decision after said decision is a gratuity and not a bribe.

[@occamraiser]

Why? Are they busy undermining democracy for the next 2.5?

[@2adamast]

I thought they already did recently, congress makes laws and judges evaluate them, no place for SEC

[@MarcosElMalo2]

@@2adamast What laws has the SEC made independently of Congress?

[@jonaseggen2230]

Name of Patrick's first album? Legal pump?, Pump and dump? Schemes are now?

[@samxware]

Lil pumpty dumpty

[@a_changedworld]

Pyramid Crocodiles.

[@raymondcaylor6292]

" gotta hold of the snakes head " it's all encompassing

[@CaptTerrific]

Pumps and a Dump, obviously

[@dabeage]

Pump and dump, that's what Republicans do on the down-low. It's "family values."

[@qx4n9e1xp]

Your subtle comedy is next level, mate. I love it.

[@paulheartsongs]

That jacket!! You could sell me anything, Patrick.

[@saninorochimaru2]

ok but can we talk about Patrick's drip being extra fresh

[@Cleo-h3x]

Steal from the poor, get rich. Steal from the rich, get hammered..

[@astrolad293]

Another example of why no Texas federal court decision should ever be used for anything accept toilet paper.

[@etherealradar]

Why is this the best comedy?!😂 i love the deadpan cynicism and sarcasm as well 👏👏👏👏

[@clickbaitab5741]

Spectacular video. Great humor and good information at the same time