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Another reason why I manage my own money !
Old 07-09-2012, 10:24 AM   #1
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Another reason why I manage my own money !

Besides the fact I don't trust money managers and financial types in general. The link to the story that only validates and reinforces my mind set.

Manhunt for Georgia money manager accused of embezzling millions | The Lookout - Yahoo! News

Hopefully the SOB is fish food but more than likely enjoying lobster and steak somewhere in South/Latin America.
"The only function of economic forecasting is to make astrology look respectable.” Ezra Solomon
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Old 07-09-2012, 03:42 PM   #2
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He looks like such a nice guy too !!!
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Old 07-09-2012, 04:11 PM   #3
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A quick google search indicates that they seem to know quite a lot about him, so I doubt he'll evade capture for long.
I thought growing old would take longer.
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Old 07-09-2012, 04:55 PM   #4
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Let's see ... kill myself, or move in Rio with $17 million. Decisions, decisions!

I heard the last words anyone heard him speak were "It's a stock-picker's market."
And if I claim to be a wise man, it surely means that I don't know.
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Old 07-09-2012, 10:07 PM   #5
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Originally Posted by frayne View Post
"I hid many things fraudulently and deceptively, to try and give myself more time to pull some positive returns together," the note said. "To be clear, nothing has been taken, only lost through stressful periods of trading a bad investments ... I am emotionally overwhelmed and incapable of continuing in this life."
Wow...most con artists simply disappear. He is actually trying to mount is defense ahead of time (true slickster). Rather than admit he stole the money, he merely "lost it through bad investments.". That way, if/when he's apprehended, and it comes to light that he has assets in other countries, he can say that he was trying to take advantage of the opportunities in ______ in these other countries, and he merely ran out of time to capitalize on the return, "just as my suicide note said".

But, wait....he had kept some of the assets invested, and was just biding his time for the value to increase. And as a matter of fact, he was just about to sell the property and return the money to the investors when the gov't caught up to him and arrested him right before he was able to do so.

Out of all of the 'suicide' attempts, jumping off of a ferry in the ocean has to be the most fake. Not only would it have to be an insanely tall ferry to have a decent chance of dying on impact, but if he truly did want to die (which he apparently did not), and he happens to survive the impact, most people don't want to face the possibility of floating in the ocean with a broken arm/leg/neck, begging that the sharks take a big bite out at your neck to make it go quick, and not end up being slowly torn apart by smaller fish. There are hundreds of other ways to get the deed done with far greater certainty if you're trying to do it.
Dryer sheets Schmyer sheets
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Old 07-09-2012, 10:14 PM   #6
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Originally Posted by Onward View Post

I heard the last words anyone heard him speak were "It's a stock-picker's market."
More like a pocket-picker's market...
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Old 07-10-2012, 01:20 AM   #7
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As discussed in other threads I have started this year to buy some deferred annuities... so far so good. The agent has not disappeared yet
Very conservative with investments. Not ER'd yet, 48 years old. Please do not take anything I write or imply as legal, financial or medical advice directed to you. Contact your own financial advisor, healthcare provider, or attorney for financial, medical and legal advice.
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