Ivanhoe Mines Ltd T.IVN

Martin Armstrong

[Dragonflyinvest]

"In 1999, Japanese fraud investigators accused Armstrong of collecting money from Japanese investors, improperly commingling these funds with funds from other investors, and using the fresh money to cover losses he had incurred while trading.[13] United States prosecutors called it a three-billion-dollar Ponzi scheme.[14] Allegedly assisting Armstrong in his scheme was the Republic New York Corporation, which produced false account statements to reassure Armstrong's investors. In 2001, the bank agreed to pay US$606 million as restitution for its part in the scandal.[14]

Armstrong was indicted in 1999 and ordered by Judge Richard Owen to turn over fifteen million dollars in gold bars and antiquities bought with the fund's money; the list included bronze helmets and a bust of Julius Caesar.[15][16] Armstrong produced some of the items but claimed the others were not in his possession; this led to several contempt of court charges brought by the SEC and the CFTC, for which he served seven years in jail until he reached a plea bargain with federal prosecutors.[17][18][19] Under the terms of the agreement, Armstrong admitted to deceiving corporate investors and improperly commingling client funds—actions that according to prosecutors resulted in commodities losses of more than seven hundred million dollars—and was sentenced to five years in prison.[20][15]"


https://select.nytimes.com/2006/08/18/business/18trader.html?ref=martinaarmstrong


Martin A. Armstrong - Wikipedia

 
What's this thing about Republicans and criminals?

[Arminius]

I find it psychologically highly implausible that he (Armstrong) specifically stole money (I suspend judgement on anything else, since I don’t have the facts), and my impression is that the government has not really set out a proper case, let alone proven it. Even were he guilty as hell, it is simply plain wrong to hold a man in prison for seven years for contempt of court under those

[Dragonflyinvest]

A jury of his peers thought differently after having reviewed the evidence at his trial.  You know, like the jury in New York who found Trump guilty of fraud.

[Arminius]

I don't believe a jury convicted him. He plead guilty to one charge after being in prison for seven years on contempt, and beaten into a coma by another prisoner. I could be wrong. Cheers!

[Dragonflyinvest]

"I could be wrong"   Yes, you could, and so could I.  If you would be so kind as to cite a source of that information, I will review it and change my opinion accordingly.   Why is it that right-wingers never break the law and when called to account always claim it is politically motivated?  Every time?  

[1student]

Dragonflyinvest, It's simply amazing how a person such as yourself chooses to overlook the real gravy here when simply trying to take a swipe ar the U.S. Republican  Party and it's president elect, for the second time now. I hold no political allegiance and it is because of this I am able to tell you that both Republicans and Democrats have the propensity to become and act as corrupt

[Dragonflyinvest]

"I don't know everything; and yet. this I know. (sic)"   and this I know.  If you had a reasonable, logical, factual argument to make, you wouldn’t have to regurgitate worn out conspiracy theories, or make personal attacks laced with childish sarcasm and egotistical scorn.

[Dragonflyinvest]

" a swipe ar the U.S. Republican  Party and it's president elect," Huh!  “A swipe” you call it, hmm.  I guess pointing out that your “president elect” is a criminal, a convicted felon is just a fact that you would wish we didn’t know.  But we do. I’m sorry you snowflakes get all bent out of shape when you are reminded of the man’s long history of fraud and

[Arminius]

This post has been removed in accordance with Community Policy

[Arminius]

This post has been removed in accordance with Community Policy