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Pastimes : Jonathan Lebed, 14 Year Old Boy Fined 1/4 Million by SEC
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To: Bilow who wrote (105)9/23/2000 7:37:06 AM
From: donjuan_demarco  Read Replies (2) of 172
 
He pled guilty to civil fraud, I don't see how a criminal charge could have stuck, based upon what I've read.

It appears to me that he was cheerleading under a variety of aliases, and that he sold into the ensuing hype. If that's a crime, then they better start building more prisons.

I would prefer to see the SEC going after journalists who predict 10,000% increases in stocks with no earnings than a kid (or his dad) who exhibit clown-like tendencies and that no reasonable person would have paid any attention to.
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