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Hope Fades As London 'Superstar' FX Trader Is Arrested

Tyler Durden's picture





 

How the self-described 'mighty' have fallen. It was a month ago when we first heard of this mysterious British FX trader who dropped $300k in a Liverpudlian nightclub on a bottle of champagne that weighed more than the models he was 'dating' that night. The 'talented, charismatic, and likable' Alex Hope has been arrested by London's Financials Services Authority (FSA) in connection with an investigation into a suspected unauthorized FX trading scheme. As City A.M reports this morning, Hope's publicist confirms he is the 23 year old in question - though he 'obviously' denies all allegations. The schadenfreude on London's FX 'trading' desks (as opposed to bucket-shop retail-mauling FX 'brokerage' shops) is palpable from what we hear as 'it couldn't have happened to a nicer guy' echoes off the City's pub ceilings. As yet no charges have been filed - we await with baited breath for the sad truth to be outed.

 


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Wed, 04/04/2012 - 09:03 | Link to Comment FOC 1183
FOC 1183's picture

Fucking beautiful

Wed, 04/04/2012 - 09:09 | Link to Comment Thomas
Thomas's picture

What the hell is "unauthorized trading"? If it moves, trade it!

Wed, 04/04/2012 - 09:11 | Link to Comment Max Hunter
Max Hunter's picture

Ill gotten gains being spent on hookers and blow. Who'd have thunk it..

Wed, 04/04/2012 - 09:13 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

Hold on.....let me find my shocked face.

 

Wed, 04/04/2012 - 09:15 | Link to Comment I think I need ...
I think I need to buy a gun's picture

there is a sale at apmex this morning on canadian maples

 

"WHILE SUPPLIES LAST"

Wed, 04/04/2012 - 09:38 | Link to Comment MillionDollarBonus_
MillionDollarBonus_'s picture

Alex Hope is a star trader who beams with confidence and creative energy. You can tell he's a successful superstar when hoards of greasy ZH day traders attack him with envy. I was seriously thinking of taking his FX trading master class this month, but sadly I'll have to wait till the end of the trial.

Wed, 04/04/2012 - 09:49 | Link to Comment Canucklehead
Canucklehead's picture

... Good One ...

Wed, 04/04/2012 - 09:56 | Link to Comment nope-1004
nope-1004's picture

Nobody at 23 in the financial world is a self-made person and "successful" - period.  There was either a substantial inheritance, pure dumb luck, or criminality.

 The only people at 23 who are self made are athletes, as it has been shown that peak physical ability of the human body is somewhere between ages 19-22.

 

Wed, 04/04/2012 - 09:57 | Link to Comment strannick
strannick's picture

 

 

Dang, dat Tyler shur kin talk purdy

Wed, 04/04/2012 - 10:22 | Link to Comment redpill
redpill's picture

Poor Alex. I hope someone smuggles in some Armand de Brignac and sluts for him. lol.

Wed, 04/04/2012 - 11:50 | Link to Comment Agent P
Agent P's picture

He's going to learn the true definition of "Big Swinging Dick"...prison rape, bitchez!

Wed, 04/04/2012 - 11:54 | Link to Comment Harlequin001
Harlequin001's picture

And of course the FSA is renowned for 'getting it right' isn't it, and looking after investors best interests, not.

How the fuck do you people slag off the SEC and then beam the first time you get any news or propaganda from some other 'regulator' about them having a go at some other guy who tried his luck? What a sad bunch of jealous fucks you really are. Licensing equals control, or perhaps you haven't got that yet. Perhaps you think it's a good thing that you cannot even find out or be offered anything now that isn't pre packaged through licensing into some sterile piece of crap that simply funnels your money into domestic government coffers in one form or another? All I see here is a bunch of down-and-out unemployed sad fucks with nothing better to do but gloat when anything unfortunate happens to anyone else with the wherewithal to actually do something to at least try to make a buck.

Go back to your fucking dole checks, I'm sure you earned it, and if you ever bother to get of your lazy idle arse and work for a living then maybe, just maybe you might be able to afford some champers yourself. That is of course, if you can get past the wall of 'regulation' that now stands before you, the benefits of which you're now experiencing every minute of every fucking day.

Wed, 04/04/2012 - 12:32 | Link to Comment chipshot
chipshot's picture

dont mind those brown smugs on the smuggled blow ...i had to get it in here somehow...

Wed, 04/04/2012 - 17:24 | Link to Comment Milestones
Milestones's picture

Interesting post. Bye the bye, the spelling is "bated" not baiting a fish with a hook.          Milestones

Wed, 04/04/2012 - 10:15 | Link to Comment LawsofPhysics
LawsofPhysics's picture

Actually, for endurance atheletes that optimum age is much older.  I competed professionally until I was almost 35 and won my last stage race as a CAT1 rider at 37.

Wed, 04/04/2012 - 10:19 | Link to Comment prains
prains's picture

25 for rugby, 28 for hockey, 32 for field events. been there done it

Wed, 04/04/2012 - 10:23 | Link to Comment redpill
redpill's picture

and 40 for golf!

Wed, 04/04/2012 - 10:40 | Link to Comment superflyguy
superflyguy's picture

and what's the age for chess?

:-)

Wed, 04/04/2012 - 11:00 | Link to Comment Common_Cents22
Common_Cents22's picture

Good news, there are no age limits for winning by creating ponzi schemes!  

Wed, 04/04/2012 - 22:09 | Link to Comment smiler03
smiler03's picture

Quite a few talented and untalented musicians "make it big" before they're 23.

Wed, 04/04/2012 - 10:42 | Link to Comment YC2
YC2's picture

Same for powerlifting, the opposite of endurance, where old men are setting all the records.

 

Maybe that 19-22 is for skill focused athletics.  There is skill in power or endurance sports, but it is often secondary.

Wed, 04/04/2012 - 15:03 | Link to Comment 12ToothAssassin
12ToothAssassin's picture

the longer you roid up the more cumulative effect huh? Makes sense. Old dudes probably would do better at power lifting.

Wed, 04/04/2012 - 10:33 | Link to Comment Willzyx
Willzyx's picture

How about actors/musicians?  Basically the entire entertainment/performing industry

Wed, 04/04/2012 - 13:11 | Link to Comment SemperFord
SemperFord's picture

Crazy, I am 32 and swear that I'm better(physically) than when I joined the Corps at 17(and already in decent shape), I am actually stronger and can run a lot longer, etc...genes, rest, food and proper maintenance might push that up, check MMA fighters and Kobe...just saying...

Wed, 04/04/2012 - 13:16 | Link to Comment SemperFord
SemperFord's picture

Crazy, I am 32 and swear that I'm better(physically) than when I joined the Corps at 17(and already in decent shape), I am actually stronger and can run a lot longer, etc...genes, rest, food and proper maintenance might push that up, check MMA fighters and Kobe...just saying...

Wed, 04/04/2012 - 14:11 | Link to Comment Diogenes
Diogenes's picture

When did your memory start failing?

Wed, 04/04/2012 - 09:50 | Link to Comment Dealer
Dealer's picture

Good one, MDB!  Your material is so funny!

Wed, 04/04/2012 - 10:02 | Link to Comment AcidRastaHead
AcidRastaHead's picture

Make sure you also take the Learning Annex course: "Don't be riding 'round da hood with your stolen bling"

Wed, 04/04/2012 - 10:08 | Link to Comment mickeyman
mickeyman's picture

Ha ha ha ha!

Wed, 04/04/2012 - 10:18 | Link to Comment NotApplicable
NotApplicable's picture

I LOLed.

Wed, 04/04/2012 - 10:44 | Link to Comment _ConanTheLibert...
_ConanTheLibertarian_'s picture

What?! No attack on libertarians? I'm disappointed.

Wed, 04/04/2012 - 14:41 | Link to Comment MeelionDollerBogus
MeelionDollerBogus's picture

AND the end of the sentence following conviction

Fri, 04/06/2012 - 00:40 | Link to Comment PersonalRespons...
PersonalResponsibility's picture

Could it be you missed this time?

Say the guy had a publicity deal with "Scouse club" and the makers of the "GBP125K bottle of bubbly"; more publicity, more traffic, and more sales makes for success in this case.  Sells papers too (eyeballs).

 

"As yet no charges have been filed" ... genius 


Wed, 04/04/2012 - 09:22 | Link to Comment Comay Mierda
Comay Mierda's picture

look at this ass clown's website and tell me we couldn't have seen this coming

http://www.alexhopefx.com/

Wed, 04/04/2012 - 09:26 | Link to Comment Popo
Popo's picture

What exactly is an "unauthorized trading scheme"?

Is that British for "illegal"?  

Wed, 04/04/2012 - 09:42 | Link to Comment WonderDawg
WonderDawg's picture

I didn't think the British had trading laws, or that anything could be unauthorized. Laissez faire and all that.

Wed, 04/04/2012 - 09:43 | Link to Comment Schmuck Raker
Schmuck Raker's picture

I believe it's British for 'Caught'.

Wed, 04/04/2012 - 10:30 | Link to Comment GeezerGeek
GeezerGeek's picture

May we therefore infer that there are actually "Authorized Trading Schemes" and if so how can I find one. Or may we infer that unauthorized trading schemes are those performed by persons not in the inner circle, as only those are authorized to run scams?

Wed, 04/04/2012 - 10:42 | Link to Comment superflyguy
superflyguy's picture

google HFT

Wed, 04/04/2012 - 11:41 | Link to Comment tonyw
tonyw's picture

"Authorized Trading Schemes" = those almost guaranteed to seperate you and your money. On a long enough timeline...

Wed, 04/04/2012 - 12:37 | Link to Comment AgShaman
AgShaman's picture

No....that's "City of London"....for "your system is better than ours"

Wed, 04/04/2012 - 09:40 | Link to Comment MillionDollarBonus_
MillionDollarBonus_'s picture

What about it? Looks pretty good to me. You jealous of his self-esteem? It's not his fault he is the best. He just is. Ok?

Wed, 04/04/2012 - 09:54 | Link to Comment A_S
A_S's picture

well, it does look like a narcissistic litte boy in a suit and all the other cliché wallstreet accessoires

Wed, 04/04/2012 - 10:20 | Link to Comment toxic8
toxic8's picture

did we need another MDB clone_?

Wed, 04/04/2012 - 10:26 | Link to Comment MillionDollarBonus_
MillionDollarBonus_'s picture

There is no clone. If you don't believe me, then search the usernames.

Wed, 04/04/2012 - 14:06 | Link to Comment Biosci
Biosci's picture

All clones say that.  It's part of the cloning process.

Thu, 04/05/2012 - 04:05 | Link to Comment MeelionDollerBogus
MeelionDollerBogus's picture

noooooooooooope

introducing...

mini-Dee-Bee !

No no no, we pet our kitty, don't eat him

Thu, 04/05/2012 - 04:04 | Link to Comment MeelionDollerBogus
MeelionDollerBogus's picture

yuuuuuuuup

Wed, 04/04/2012 - 09:50 | Link to Comment chenn
Wed, 04/04/2012 - 09:53 | Link to Comment aerojet
aerojet's picture

Aaaaand...it's gone...

Wed, 04/04/2012 - 10:00 | Link to Comment Nukular Freedum
Nukular Freedum's picture

From his website, with helpful comments added in brackets:

London born and bred, Alex Hope, 22, is a self-taught trader who specialises in the Foreign Exchange Market. Despite his tender years, Alex is a name to watch out for in the city;...   (they got that right!)

Alex knows and loves the FX market. Throughout his youth, his passions were football and…currencies! At the age of 11, Alex had a deep-rooted interest in the different currencies and relished trips across Europe where he could explore this interest first hand...  (school trips abroad!)

After school, he spent just over 2 years in the sporting industry as a Football Coach for Charlton Athletic Community Scheme before moving into the hospitality sector. Although he was making a modest salary of £21k, he could not deny his interest in the financial field and set about teaching himself everything he could and should know about the economy. Whilst still living at home and holding down a full time job, Alex started to trade, opening his first account with just £500; in one day he’d more than doubled his money and turned the £500 into £1100 by trading gold...  (What could possibly go wrong?)

As his confidence and knowledge grew, Alex knew this was the world for him and at 20 years old he headed for the city and soon found employment at The Forex Academy in early 2010 as a FX & Commodity Trader. In July this year, he stepped into the spotlight when his career was profiled in The Daily Telegraph, subsequently Alex went onto work at leading Trading and Commodities company, Zone Invest Group. For a career that started out trading on the local market stalls for pocket money, to a modest £21k salary in the hospitality industry, Alex has since followed his dream in the trading world and his basic salary has entered the six figure bracket... (very rare in the City you know!)

Wed, 04/04/2012 - 10:09 | Link to Comment AcidRastaHead
AcidRastaHead's picture

He's got database connection issues.  How embarassing.

Wed, 04/04/2012 - 11:40 | Link to Comment tonyw
tonyw's picture

Completely unexpectedly the site has now been suspended, so we can't see what a dick head he is.

I'm not aware of any other FX trader with a publicist, he's probably trying to con idiots who think they can beat the banks at their own game using a home OPC and his "magic" software/methods.

"trades milions" so what. it's just the average trade.

 

Wed, 04/04/2012 - 10:08 | Link to Comment monkeyboy
monkeyboy's picture

Haha the dude's got a publicist Classic!

Wed, 04/04/2012 - 09:17 | Link to Comment Joe Davola
Joe Davola's picture

A trade that stands to put the entire enterprise in jeopardy of default.

 

On the other hand, authorized trades are ones that put the entire enterprise in jeopardy of default, but there was a prior arrangement with the government to bail out any losses in excess of those not covered by "vaporized" customer funds.

Wed, 04/04/2012 - 09:26 | Link to Comment jus_lite_reading
jus_lite_reading's picture

Hope who?

 

Wed, 04/04/2012 - 11:02 | Link to Comment mspgrandi
mspgrandi's picture

we dont know the details.. but i really think this is a non story!

1) this fx trader is probably a guy that traded his own account (either through a spread betting platform or a fx margin platform)

2) after he made some cash and some publicity openeed up his account or trades to other individuals, kind of running his account as a fund or fx prop desk,  without knowing that if he wants to do that need FSA approvals. it isnt really a scam or a market manipulation... just some pedantic dross

Wed, 04/04/2012 - 13:39 | Link to Comment Reformed Sheep
Reformed Sheep's picture

"Unauthorized Trading" is probably one of:

A) Leveraging some loophole or regulation that the TBTF haven't discovered.

B) Leveraging some loophole or regulation that the TBTF already exploit and don't want the "muppets" to know about.

 

 

Wed, 04/04/2012 - 09:10 | Link to Comment AldousHuxley
AldousHuxley's picture

The Shitty of London is nothing but a gambling hall of assets stolen from britain's former colonies.

 

 

Wed, 04/04/2012 - 09:11 | Link to Comment francis_sawyer
francis_sawyer's picture

Well... It was fun while it lasted!

Wed, 04/04/2012 - 09:35 | Link to Comment SWRichmond
SWRichmond's picture

What is ya, ignorant?  The bitches is in the limo!

Wed, 04/04/2012 - 09:26 | Link to Comment HamyWanger
HamyWanger's picture

I don't often agree with Huxley, but he is spot on on this one.

The United Kingdom has been a giant gambling house with no industry and no innovation for a while now. 

Wed, 04/04/2012 - 09:54 | Link to Comment DOT
DOT's picture

Why do you hate the British so much ? They have been so busy re-inventing, and re-re-inventing, and re-re-re-innventing !

They were doing it all just for you ! 

 

Wed, 04/04/2012 - 10:46 | Link to Comment Thorny Xi
Thorny Xi's picture

I went to the British Museum of Science and Industry once.  Great displays of steam engines and a little Sinclaire PC.

Wed, 04/04/2012 - 09:58 | Link to Comment aerojet
aerojet's picture

And NYC is different how?  I was watching some show last night about all the urban renewal taking place in our former industrial powerhouse city--it's all about cleaning up shit and beautifying it so that high-end real-estate can be created.  There is nothing else left! 

Wed, 04/04/2012 - 10:48 | Link to Comment superflyguy
superflyguy's picture

That's not bad news since NYC is such a shithole it really needs a good clean up.

Wed, 04/04/2012 - 11:54 | Link to Comment tarsubil
tarsubil's picture

It just won't be the same without the urine smell.

Wed, 04/04/2012 - 09:43 | Link to Comment Mercury
Mercury's picture

Aside from maybe Brazil I think you'd be better off living in an ex-colony of Britain than an ex-colony of any other European country.

You'll notice that those countries which were and are able to leverage their enduring, British colonial legacies (railroads, civil service, schools, republican governance, the English language itself etc.) have a leg up on those aren't.

One former Brisish colony even became the most powerful country in the world for ~100 years and even now people are still  trying to get in the door...

 

Wed, 04/04/2012 - 10:36 | Link to Comment GeezerGeek
GeezerGeek's picture

Another British colony gave us the donor of half of the genes within our current president.

Wed, 04/04/2012 - 22:47 | Link to Comment memyselfiu
memyselfiu's picture

I didn't know Obama was half Australian....

Wed, 04/04/2012 - 15:20 | Link to Comment TheGardener
TheGardener's picture

Someone here owes me a drink or two for junking back than :-)

http://www.zerohedge.com/news/mystery-trader-revealedand-his-name-hope#c...

Wed, 04/04/2012 - 09:04 | Link to Comment Cdad
Cdad's picture

Banker corruption gone wild, bitchez!

Wed, 04/04/2012 - 09:14 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

Soooooo......put the toga party on hold then?

 

Wed, 04/04/2012 - 09:05 | Link to Comment GeneMarchbanks
GeneMarchbanks's picture

Farcism hittin' fever pitch.

Wed, 04/04/2012 - 09:07 | Link to Comment GMadScientist
GMadScientist's picture

I do sometimes feel the need to confirm whether or not I'm reading The Onion.

Wed, 04/04/2012 - 10:25 | Link to Comment redpill
redpill's picture

The Onion tries to make their stories more plausible than Alex Hope <insert stylized AH logo here>

Wed, 04/04/2012 - 10:41 | Link to Comment GeezerGeek
GeezerGeek's picture

There no longer is any difference between what one finds in The Onion and what one finds in the NY Times, Washington Post or WSJ. In all those publications, 'reality' is presented based upon the way the editors wish the readers to perceive events. Facts are no longer allowed if they contradict the theme, as illustrated by our president's recent attempts to claim credit for the expansion of drilling for oil when he had done nothing to encourage it.

Wed, 04/04/2012 - 09:23 | Link to Comment WoodMizer
WoodMizer's picture

What's after plaid?

Wed, 04/04/2012 - 09:06 | Link to Comment JustObserving
JustObserving's picture

Fraud seems to be the only way to make money in these manipulated markets. It's "God's work."

Wed, 04/04/2012 - 09:16 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

Dude.....you're like totally giving away our best stuff.

 

Wed, 04/04/2012 - 09:28 | Link to Comment fuu
fuu's picture

Mr. Potatohead! Mr. Potatohead fraud is not a secret.

http://www.youtube.com/watch?v=mNiiBrEHBWA

Wed, 04/04/2012 - 09:31 | Link to Comment icanhasbailout
icanhasbailout's picture

you put the apostrophe in the wrong place, he meant to say they were doing "gods' work"

 

 

Wed, 04/04/2012 - 10:43 | Link to Comment GeezerGeek
GeezerGeek's picture

Fraud is an authorized FX trading scheme, as lone as you're one of the approved traders.

Wed, 04/04/2012 - 09:05 | Link to Comment GMadScientist
GMadScientist's picture

Alex Dope.

No, real dope, on the real.

Wed, 04/04/2012 - 09:07 | Link to Comment Id fight Gandhi
Id fight Gandhi's picture

Some 22-23 year old kid made his bones in just a couple years with this market? Riiiiiight.

Wed, 04/04/2012 - 09:48 | Link to Comment Seorse Gorog fr...
Seorse Gorog from that Quantum Entanglement Fund. alright_.-'s picture

To be fair, he claims to have doubled £500 in one day when he was 19. That was four years ago in 2008 when you could get 200-300pip moves in something like the Euro. Going in aggressive as a beginner and risking 20% by following the downtrend to bag a net 500pips (in, say, two trades) could've doubled his money.

 

If you knew what you were doing between that time up until mid 2011, you could've made a significant return. Except I don't know anyone who has. This Hope person might have fizzled out and is just looking for some sort of social proofing now.

Wed, 04/04/2012 - 11:05 | Link to Comment mspgrandi
mspgrandi's picture

I just got back from a weekend in MIami.... went partying at the fointanbleau on Saturday night....probably the poshest club with the best girls in the whole world... welll not even P Diddy there would spend 300k on some champagne....

Wed, 04/04/2012 - 09:07 | Link to Comment cossack55
cossack55's picture

Was there a deposit on the bottle.  Michigan pays well on bottle deposits.

Wed, 04/04/2012 - 09:07 | Link to Comment Cursive
Cursive's picture

Impossible! He was a man among FX trading children! He was self-taught. Who does not believe this modern day Horatio Alger story? /sarc

Wed, 04/04/2012 - 09:18 | Link to Comment kridkrid
kridkrid's picture

The entire thing was made up, no?  Kabuki theater.  A diversion while the real criminals skate.  But unlike someone like Madoff who really did create a Ponzi scheme, I buy no part of this story.  Thought the same thing a month ago.

Wed, 04/04/2012 - 09:43 | Link to Comment pods
pods's picture

They toss out some meat every couple of months to keep the proles happy.

Like the guy in the Hamptons that carried millions in a checking account leaving an ATM receipt there.

Just as long as you NEVER question where the hell all that "money" comes from, ie conjured.

pods

Wed, 04/04/2012 - 09:08 | Link to Comment Spitzer
Spitzer's picture

Its not easy even if your going illegal

Wed, 04/04/2012 - 09:08 | Link to Comment Barometer
Barometer's picture

Will I get a refund on my subscription to his training course?

Wed, 04/04/2012 - 09:09 | Link to Comment Floordawg
Floordawg's picture

WTF, I thought rich bankers CAN'T get in trouble? This guy must be doing something right.

Wed, 04/04/2012 - 09:18 | Link to Comment junkyardjack
junkyardjack's picture

Obviously he forgot to drop $300K off to the politicians

Wed, 04/04/2012 - 10:53 | Link to Comment Willzyx
Willzyx's picture

as should have Kim Dotcom

Wed, 04/04/2012 - 09:10 | Link to Comment fonzannoon
fonzannoon's picture

Unrelated but anyone watch Jon Stewart last night? He's a closet liberaterian.

Wed, 04/04/2012 - 09:24 | Link to Comment DrunkenMonkey
DrunkenMonkey's picture

Closet librarian more like :)

Wed, 04/04/2012 - 09:34 | Link to Comment Saro
Saro's picture

Stewart's not a libertarian; he's just a consistent liberal. 

The two are easily mistaken when the parties in power swap places and most people scramble to change their position to the exact opposite of what they were arguing in the previous administration.

"I'm totally against illegal wars, torture, and non-transparent government . . . unless the president is a Democrat, then it's cool!"

Wed, 04/04/2012 - 10:37 | Link to Comment kridkrid
kridkrid's picture

This is by design and allows us to be divided and conquered.  Wars in the middle east become unpopular... what to do, what to do... run an anti-war candidate, get him elected, quiet the dissent, rage on.  People are so easily duped.

Wed, 04/04/2012 - 09:43 | Link to Comment Id fight Gandhi
Id fight Gandhi's picture

Quick someone lock the closet

Wed, 04/04/2012 - 09:11 | Link to Comment Zola
Zola's picture

Classic modus operandi of TBTF. Have the FSA lapdogs always investigate the small guys but never of course Barclays , RBS etc...

Wed, 04/04/2012 - 09:13 | Link to Comment Floordawg
Floordawg's picture

Too Small To Succeed

Wed, 04/04/2012 - 10:41 | Link to Comment Equites
Equites's picture

Too tiny to bail

Wed, 04/04/2012 - 09:11 | Link to Comment UGrev
UGrev's picture

He OBVIOUSLY never watched Goodfella's..  

"Didn't I tell you not to attract attention?... "

http://www.youtube.com/watch?v=26x3_YXna1U

Wed, 04/04/2012 - 09:18 | Link to Comment junkyardjack
junkyardjack's picture

I'd +10 if I could

Wed, 04/04/2012 - 09:13 | Link to Comment q99x2
q99x2's picture

Bit Torrent his tell all before it is too late. They'll be coming for a bankster with handcuffs in their hands. They'll be coming for a bankster with handcuffs in their hands. They'll be coming for a bankster They'll be coming for a bankster They'll be coming for a bankster in your land.

Wed, 04/04/2012 - 10:48 | Link to Comment GeezerGeek
GeezerGeek's picture

But his name won't be Corzine.

Wed, 04/04/2012 - 09:13 | Link to Comment malikai
malikai's picture

WTF? "Hope's publicist"? Uh..

Wed, 04/04/2012 - 09:25 | Link to Comment DrunkenMonkey
DrunkenMonkey's picture

Likewise. Had to double-take on that one.

Wed, 04/04/2012 - 09:15 | Link to Comment LawsofPhysics
LawsofPhysics's picture

The real criminals are now looking for scapegoats among their own.  Let me know when Jamie Dimon and Hank Paulson are arrested, until then it is the same as it ever was. 

Wed, 04/04/2012 - 09:18 | Link to Comment SheepDog-One
SheepDog-One's picture

Thats how I see it, theyre starting to throw their own under the bus.

Wed, 04/04/2012 - 09:25 | Link to Comment DOT
DOT's picture

" their own"       /sarc      

Wed, 04/04/2012 - 09:25 | Link to Comment kridkrid
kridkrid's picture

I'll go one step further, as my conspiratorial mind likes to... but I don't even think this is real.  The kid was likely a mark to create a story that could grab some attention.  I mean it's all a little too perfect, no?  The kid was likely identified as being just narcissistic enough to believe what his handlers were telling him.  It all seems scripted.

Wed, 04/04/2012 - 09:28 | Link to Comment Floordawg
Floordawg's picture

I sure hope your right, a thought that satisfying is such a rarity at this point of the game. Nearly impossible to find justice brings happy thoughts indeed... "the wheels on the bus go round and round."

Wed, 04/04/2012 - 09:16 | Link to Comment junkyardjack
junkyardjack's picture

This must be an episode of Punk'd or the Onion News network is working overtime

Wed, 04/04/2012 - 09:16 | Link to Comment Downtoolong
Downtoolong's picture

This is what happens when your long term horizon is 90 days. I think it just goes with the territory. 

Wed, 04/04/2012 - 09:16 | Link to Comment WoodMizer
WoodMizer's picture

23, 23 fucking years old.

I wouldn't trust him with a handgun, much less a trading desk.  Assuming he went to college for an "education" in fincance and econ, he has been out of school for less than 3 years.  Who would trust their money with someone so wet behind the ears?

This farce headed for a cliff with children behind the wheel; looting is more common than blow in the financial industry these days.

Wed, 04/04/2012 - 10:52 | Link to Comment GeezerGeek
GeezerGeek's picture

Who would trust their money with someone so wet behind the ears?

Would you trust someone with years of bankster experience? Jon Corzine had lots of experience. MF Global customers trusted him. Didn't work out so well, did it?

Wed, 04/04/2012 - 09:18 | Link to Comment I am a Man I am...
I am a Man I am Forty's picture

He must not have paid his Chase credit card bill.

Wed, 04/04/2012 - 09:27 | Link to Comment DOT
DOT's picture

Hasn't even made a dent in those student loans; can we extradite this pup?

 

Wed, 04/04/2012 - 09:18 | Link to Comment TheBadgersSett
TheBadgersSett's picture

This is the best news thus far this week. All we need now is charges to be filed, narcotics unearthed & a seedy kiss n tell from some washed up Daily Sport hag with FFFF tits & a growler like a yawning hippo.

Wed, 04/04/2012 - 09:20 | Link to Comment Dr. Engali
Dr. Engali's picture

I thought Goldman sucks made trading fraud legal.

Wed, 04/04/2012 - 09:19 | Link to Comment Martin Silenus
Martin Silenus's picture

I'd pay to to see them all drawn and quartered, and the pieces then keelhauled before being set on fire.

Wed, 04/04/2012 - 09:28 | Link to Comment spentCartridge
spentCartridge's picture

 

+1

 

I'd even pay with some gold :)

Wed, 04/04/2012 - 09:21 | Link to Comment j0nx
j0nx's picture

He must have forgotten to pay off the requisite folks in positions of power if they arrested him. The rule is you can be as greedy and nasty as you want as long as you grease the wheels above you. It's not as if they actually arrested him for breaking the law since laws for these people are not enforced as it is. Lesson learned me thinks.

Wed, 04/04/2012 - 09:24 | Link to Comment firstdivision
firstdivision's picture

Bet the banks were on the otherside of his trades, and were upset that he profited from the trades.  Hence the "investigation".

 

Can someone pose the question to FSA on how many arrests were made in the LIBOR fixing scheme?

Wed, 04/04/2012 - 09:26 | Link to Comment JonNadler
JonNadler's picture

the probem was he didn't invite the regulators to the 300K bash. When you get out of jail call me!

Wed, 04/04/2012 - 09:29 | Link to Comment Dr. Crime
Dr. Crime's picture

Alex, Dude, like WTF.

Wed, 04/04/2012 - 09:29 | Link to Comment Saro
Saro's picture

Bated breath, perhaps?  Just sayin . . .

Wed, 04/04/2012 - 11:06 | Link to Comment GeezerGeek
GeezerGeek's picture

Baited or bated?

Grammar and spelling count about as much as laws, rules & regulations: Only when convenient.

I give a pass to those whose English is a second language, or third. My personal all-time favorite was a post (not on ZH if I recall correctly) by a guy who claimed to have avoided an accident by "a hare's breath" rather than by a hair's breadth. Unless, of course, the hare had really bad breath.

Wed, 04/04/2012 - 09:31 | Link to Comment MFL8240
MFL8240's picture

This is what Bernanke and the crime ring on Wall Street are doing everyday and it is fine for them but not for individulas?  Joke!

Wed, 04/04/2012 - 09:33 | Link to Comment Shylockracy
Shylockracy's picture

Oh Tempura! Oh Moreys!

Wed, 04/04/2012 - 09:36 | Link to Comment q99x2
q99x2's picture

TVIX good luck indicator $7.77 at the open.

And, one minute later the Dip in BTFD has been vaporized.

Wed, 04/04/2012 - 09:34 | Link to Comment mayhem_korner
mayhem_korner's picture

 

 

He prolly never had the benefit of DeNiro's Goodfellas lesson on keeping a low profile:

http://www.youtube.com/watch?v=glSN4qvjt2E

Wed, 04/04/2012 - 09:37 | Link to Comment Dingleberry
Dingleberry's picture

Silly trader....only CEO's like Corzine, Blank-fiend, et al, are allowed to gamble with or steal OPM. Didn't he know that?

No sympathy here though...after MF Global, anyone that gets their money stolen by the lords of finance will get laughs of derision from me, not sympathy.

Wed, 04/04/2012 - 09:36 | Link to Comment undercover brother
undercover brother's picture

i'm sure he's a nice guy, but he deserves to get his ass handed to him simply because he spent 300k on a bottle of champagne.  a silly trade by a 23 year old jerkoff. 

Wed, 04/04/2012 - 09:39 | Link to Comment jcaz
jcaz's picture

Dude, you coulda had a Dell....

Wed, 04/04/2012 - 09:39 | Link to Comment Haddock
Haddock's picture

He was probably 'managing' other people's money without an FSA licence - that's all.

Wed, 04/04/2012 - 09:46 | Link to Comment DOT
DOT's picture

Only "authorized" business will be allowed.

What is "authorized" will be announced at the proper time by the authorities.

Non-regulators including all pesky speculatin' blogger types are in violation of the "authorized" activities rule.

The Secretary will move with all due speed to remove these financial terrorists from our civil society.

 

To  report an evil speculatin' type dail 911 and say  "TRIPWIRE"

 

Stay tuned for further developments.

Wed, 04/04/2012 - 09:52 | Link to Comment Fix It Again Timmy
Fix It Again Timmy's picture

Why give a hoot when you can loot?  It ain't stealing until you get caught.....

Wed, 04/04/2012 - 09:52 | Link to Comment lsbumblebee
lsbumblebee's picture

23? Who the fuck is he? Rothschild's gigolo?

Wed, 04/04/2012 - 09:57 | Link to Comment Michael66
Michael66's picture

Should be "bated breath"

Wed, 04/04/2012 - 10:00 | Link to Comment vegas
vegas's picture

Alex, Alex, Alex, we barely knew ye. If you think that club bill was pricey, wait until you get lawyers.

 

http://vegasxau.blogspot.com

Wed, 04/04/2012 - 10:11 | Link to Comment JohnKozac
JohnKozac's picture

How vulgar when a member of the Upper Crust, a true financial leader, a math wizard, a City of London Superstar. is nabbed by the Hoi Poloi....disgusting....

Wed, 04/04/2012 - 10:11 | Link to Comment tekhneek
tekhneek's picture

Pretty sure Widowmaker called this one: http://www.zerohedge.com/news/fx-trader-spends-323483-liverpool-night-cl...

"Those that spend it like they stole it, did.

This faggot will be a headline again, most likely without his head."

Wed, 04/04/2012 - 10:15 | Link to Comment Scalaris
Scalaris's picture

I genuinely thought that this self-professed FX guru/genius, this time, was in fact the real deal, so I can't emphasize enough the magnitude of my disappointment.

He possessed all the right traces; a rent-a-desk subscription at Zone Trading, a one-term period studying sports science at Brunel University before dropping out and an all around flair for the money making game.

I wont even mention the fact that he is indeed wearing sunglasses in a night club. Textbook cunt material by any means.

Wed, 04/04/2012 - 10:21 | Link to Comment Nukular Freedum
Nukular Freedum's picture

Changing his name to Alex Pray.

Wed, 04/04/2012 - 10:22 | Link to Comment nah
nah's picture

big cheeks

Wed, 04/04/2012 - 11:02 | Link to Comment Common_Cents22
Common_Cents22's picture

Here's what happened.  the kid knew he was going to busted, so he had his last supper and bigass party with customer money!   A nice 300k going away party for himself.   Hey, if MF Global can swipe customer money, why can't a 23 yr old?

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