SEC Charges Twitter's First Ponzi Scheme Operator Anthony Davian With Fraud

SEC Charges Twitter's First Ponzi Scheme Operator Anthony Davian With Fraud


Tyler Durden's picture


Once upon a time there was a Twitter-based, pump-and-dumping daytrading bucket shop posing as a "successful hedge fund manager" also known as Davian Letter/Davian Capital Advisors run by an Ohio gentleman known as Anthony Davian, which for reasons unknown even managed to run outside capital (somehow raking up to $1.5 million in idiot AUM, mostly courtesy of his very aggressive self promotion on Twitter using the @hedgieguy handle), and which didn't like Zero Hedge much.

(but that's ok because the feeling was mutual - we had advised the SEC in late 2009 that the Davian operation was nothing but a ponzi scheme).

A few years later, said outside capital is gone (with losses that could have been prevented had the SEC moved earlier) and moments ago, following a four year delay since our notice, the SEC has finally acted and charged Anthony Davian with fraud.

Full SEC filing

http://www.zerohedge.com/news/2013-08-14/sec-charges-twitters-first...

Views: 136

Reply to This

Report an Issue

Need help or have questions/concerns?

Send a message to The Admin Team

Thumbnail

updated drop down menu

Forum

Another Banker Jumps To His Death

Started by HwΩΩd♪ in Current News/Events. Last reply by HwΩΩd♪ 19 hours ago. 2 Replies

Eventually I'm gonna be funny

Started by Deep Space in Current News/Events. Last reply by Less Prone yesterday. 5 Replies

Please remember this website is supported by your donations...

© 2015   Created by truth.

Badges  |  Report an Issue  |  Terms of Service

content and site copyright 12160.info 2007-2015 - all rights reserved. unless otherwise noted