Foreign Collusion, Naked Shorting (Counterfeiting) & Money Laundering — All Illicit Wealth
A second financial news organization was subpoenaed for records in an investigation by the Securities and Exchange Commission, whose chairman has put the subpoenas on hold amid controversy.
TheStreet.com and co-founder and major shareholder Jim Cramer were served subpoenas by the SEC about three weeks ago in connection with an inquiry into allegations of stock manipulation.
Fox News and TheStreet.com Reach Settlement on Lawsuit
The Fox News Network has settled a lawsuit against TheStreet.com and its co-founder, the hedge fund manager James J. Cramer, after the financial news site canceled a program on the Fox News Channel, a cable channel.
The terms of the settlement include a promise by TheStreet.com not to produce a similar show for another network before May 1, 2001. Mr. Cramer promised to make only occasional appearances on other networks until then.
Jim Cramer Responds to Fox News Lawsuit After TheStreet.com
NEW YORK, June 6 /PRNewswire/ — In the wake of Fox News’ airing of the
final “TheStreet.com” show on May 28, 2000, former program panelist James J.
Cramer has filed counterclaims against Fox News. Alleging that Fox News
breached its contract, Cramer, a partner in the hedge fund Cramer Berkowitz,
charges that Fox News invented new policies that it applied only to him which
made it impossible for Cramer to appear on the program. Cramer also states he
is now free to appear on other TV networks because TheStreet.com show has been
canceled, and his contract with Fox News provided that the agreement would
terminate if Fox News discontinued airing the program.
Life of an 18-Year-Old Day Trader: He’s Got Fake Millions, Fake ID
Nick Paumgarten , Observer, 09 August 1999
For a good chunk of July, an 18-year-old kid from Long Island named Harris Kupperman was beating the 9,100 other contestants_in_something_called “TheStreet.com Investment Challenge.” In just four weeks, he had turned $500,000 into $7.6 million, a 1,400 percent return. At that rate, he’d have $76 quintillion in a year. “I guess that’s O.K.,” he said. Actually, it’s unheard of. And to think-this kid couldn’t get a summer job on Wall Street this year. He was too young.
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THE DOLLAR HAS NO INTRINSIC VALUE : DO YOUR ASSETS?
