Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

To: Kartographer
What got me wondering about this article was the claim that Armstrong did ten years in prison for contempt of court. That sounded rather odd to me.

So I checked him out on Wikipedia (yeah, I know it's a left of center site).

Anyway, from Wikipedia:

_____

(snip) In 1999, Japanese fraud investigators determined that Armstrong had been 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.

(snip)

Armstrong was indicted in 1999, and was ordered by Judge Richard Owen to turn over a number of gold bars, computers, and antiquities that had been bought with the fund's money

(snip)

He pleaded guilty and was sentenced to five more years in prison.
_____

So maybe this guy is a financial genius. But he is also a criminal who specialized in fraud.

7 posted on 05/22/2012 5:24:40 PM PDT by Leaning Right (Why am I carrying this lantern? you ask. I am looking for the next Reagan.)
[ Post Reply | Private Reply | To 1 | View Replies ]


To: Leaning Right

Watch the video at the linked site. They basically were saying he would never get out of prison unless he confessed. Interesting info on the video regarding Germany. He makes sense. Too much sense.


17 posted on 05/22/2012 8:03:53 PM PDT by justa-hairyape
[ Post Reply | Private Reply | To 7 | View Replies ]

Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson