Domain: tminr.com
Stories and comments across the archive that link to tminr.com.
Comments · 20
-
Re:Overpopulation and Length of Sentencing
I have done everything possible to show my remorse. I have forfeited every asset. I have accepted my responsibility, and I am working on my books in order to make full restitution to my victims via my "Five Mill to Freedom Campaign."
The misconception that my criminality did not lead to immense knowledge is wrong. I worked 3am-4pm every single day, as provable by my trading records. That information resulted in me writing, "The Market is Not Random.", and the forthcoming fictional portrayal of how to save our debt situation, "The White Swan."
Only by reaching an audience of hundreds of millions will I be able to make things right to those I have harmed.
-
Re:Overpopulation and Length of SentencingClaim:
Despite Mr. Klatch’s success, his young age led to some reckless decisions. Mr. Klatch was indicted in 2011 by the federal government, and he subsequently accepted a guilty plea to four felony counts: Conspiracy to Defraud the United States, Securities Fraud, Wire Fraud, and Money Laundering. Mr. Klatch acknowledges that he engaged in deceptive marketing tactics, which led to some investor losses during the 2008-2010 financial crisis. However, he accepted responsibility for his actions, and successfully served a five-year federal prison sentence. Today, he is actively pursuing various avenues in order to make full restitution to his victims.
FBI:
Kenyen Brown, U.S. Attorney for the Southern District of Alabama, is pleased to announce that Anthony J. Klatch, II, of Tampa, Florida and Sugarloaf Township, Pennsylvania, has pled guilty to one count each of conspiracy, securities fraud, wire fraud, and money laundering. These convictions all stem from his involvement in a fraudulent investment scheme involving the TASK Capital Partners hedge fund. All the TASK fund investors were located in either the Mobile area or in Florida. Combined, they lost a total of $2.3 million. In addition to spending time in prison, Klatch will be required to forfeit assets associated with his fraudulent activities. As part of his plea agreement, Klatch also agreed to the following facts about his involvement:
In January 2009, Anthony J. Klatch, II and Timothy Sullivan created the TASK Capital Partners, LP hedge fund, with Klatch serving as the fund’s Senior Managing Director and Chief Investment Officer.
After creating TASK, Klatch, Sullivan, and others solicited individuals to invest in the fund. This was done through a variety of means, including, but not limited to, providing potential investors with investment prospectuses, which contained material misrepresentations and material misleading omissions. At least one potential investor received this prospectus via e-mail.
From April through October 2009, seven investors invested approximately $2.3 million in the TASK hedge fund. Along with the seven investors, Klatch and Sullivan each invested $1 in TASK. Once investors agreed to invest money in the TASK fund, the investors used interstate wires to transfer, or to authorize a transfer of, money from their accounts into accounts managed by TASK. Wire transfers, or the authorizations to transfer money, for three of the TASK investors originated in the Southern District of Alabama.
Between April 2009 and December 2009, Klatch and Sullivan managed the $2.3 million of investment capital in TASK. However, only about 60 percent of this amount was ever actually invested. This 60 percent was lost over the course of eight months through a series of investments. In December 2009 and January 2010, all TASK investors were told by Klatch, Sullivan, and others that their entire investment had been lost in a single bad trade.
The remaining 40 percent of money in TASK was used for non-investment related expenditures. This includes $180,592.45 which ended up in Klatch’s personal bank account. Before ending up in his personal account, this money was moved through different bank accounts, via a series of transactions, which Klatch knew were designed in whole or in part, conceal or disguise the nature, location, source, ownership, or control of the proceeds.
In addition to his involvement in the TASK scheme, Klatch admits that he was also involved in similar fraudulent investment schemes involving American Private Equities, LLC, ARM Capital Management, LLC, and Vigilant Capital Management, LLC. Furthermore, Klatch agrees that the total fraud amount associated with these other funds will be included as relevant conduct for sentencing purposes. The parties agree that
-
Overpopulation and Length of Sentencing
As a former federal inmate (Read my story via The Market is Not Random), I was able to witness the expanding overcrowding of the system. The United States Sentencing Commission has been stating for many years that prison sentences are too long, and that non-violent criminals (like me) are prime candidates for alternative sentencing. In fact, regardless of crime, the majority of Americans believe a prison sentence of 2.6 years is long enough.
That said, I don't see that as the complete problem. Once released, federal inmates are subject to supervised release sometimes in excess of 10-15 years. The ability to track the ever expanding populous of inmates does a disservice to tracking the non-reformed. If one was to believe that prison did not lead to reform, then the proper conclusion is that all prisons (including myself) should be executed, regardless of crime.
-
Re: So much for his career
You wrote here: " I didn't have criminal intent."
You wrote on your web site: "[ I ] acknowledge that [ I ] engaged in deceptive marketing tactics, which led to some investor losses during the 2008-2010 financial crisis." (source: http://tminr.com/bio/)
Unless your deceptive marketing was inadvertent, then you purposefully misrepresented the facts for gain. That is the very definition of fraud, to which you pleaded guilty. Just because you didn't plan on anyone getting harmed, and are sorry you got caught, doesn't mean you didn't have mens rea. Man up.
-
Re: So much for his career
Yes but will he be charged with a federal crime? Doubtful even though he knew what he was doing. I didn't have criminal intent. My Story
-
As a Market Lover
I find the emergence of bitcoin and other virtual currencies alarming. We have "free markets," that are governed by some type of ruling bodies be it the IMF or the Fed (not a government entity, for those that didn't know). However, the acceptance of an unregulated currency is strife with the ability for fraud and manipulation. However, as a stock trader (see my blog The Market is not Random), the emergence of these currencies that trade on pure technical patterns is something that must be embraced if it becomes publicly accepted.
I just hope it does not become publicly accepted. Can someone help convince me that bitcoin is the way to go?
-
Re:As a Federal Inmate
Although I knew that I would lose several civil rights, such as carrying a firearm, etc. I never believed that being put into the Department of Justice and the Federal Bureau of Prisons would mean that my personal health history would be shared across thirty-five departments. I do not mind this, and it does not surprise me. However, this is just another example of big brother making decisions that are outside of my control.
See my story at The Market is not Random.
-Anthony
Just my opinion...
When you're one of the few people who stays healthy through good nutrition and didn't get caught up in the medical matrix,
Oh how naïve of you... You DO remember that the ACA mandates coverage for 1 doctor visit a year for a physical. They will now know that you did or didn't make that visit, because it is the LAW now that you have health care insurance. The IRS will have to know about your insurance status to make sure you have it or paid your fines. So you may not have any health issues of interest, but information about you will still be available, like it or not.
Your only way of "opting out" of such tracking is to 1. Make sure the IRS doesn't know about you (No tax returns, No employment, No bank accounts, no health insurance) and 2. Make sure you NEVER see a doctor who will be obliged to report the visit and pay in cash. 3. Don't have a driver's license, own a car or have insurance on one. 4. No credit cards. 5. Don't register to vote (much less actually vote). 6. Don't get married, divorced, or have kids (heck, just never get an SSN in the first place.) And there is a lot more things, but you get the idea...
Don't figure on that healthy lifestyle keeping you out of the medical database. Healthy people do get sick and require medical treatment from time to time. Perhaps not as much as you, but as you get older your chances of needing medical care will only go up, even if you do continue your healthy ways.
You are tracked.... Like it or not, healthy or not, you will be tracked in public records, credit records and the like.
-
Re:As a Federal Inmate
Although I knew that I would lose several civil rights, such as carrying a firearm, etc. I never believed that being put into the Department of Justice and the Federal Bureau of Prisons would mean that my personal health history would be shared across thirty-five departments. I do not mind this, and it does not surprise me. However, this is just another example of big brother making decisions that are outside of my control.
See my story at The Market is not Random.
-Anthony
Just my opinion...
When you're one of the few people who stays healthy through good nutrition and didn't get caught up in the medical matrix, so you don't take a prescription and don't require the dependency-inducing treatments of allopathic medicine, you don't really have much medical record to share.
If I ever got a broken bone, hit by a car, something like that, I want an allopathic doctor. Trauma is what they're good at. Maintaining health? They fucking suck. Any chronic condition would be my own failure to live correctly. Course, that's not a profitable viewpoint. Healthy people don't generate profits for pharmaceutical companies.
-
As a Federal Inmate
Although I knew that I would lose several civil rights, such as carrying a firearm, etc. I never believed that being put into the Department of Justice and the Federal Bureau of Prisons would mean that my personal health history would be shared across thirty-five departments. I do not mind this, and it does not surprise me. However, this is just another example of big brother making decisions that are outside of my control.
See my story at The Market is not Random.
-Anthony
-
Time is an Art
If you are someone who researches the financial markets, there was a famous trader going back to the late 1800s named W.D. Gann. Gann's analysis of time was always that it was a subjective, illusory edge with respect to defining market movements, but that the definition was quantifiable at the highest of levels. In my book, "The Market is not Random.," I explore this subject more and think it is relevant for this conversation.
What's more, I think this article's timing is perfect with the recent theatrical release of "The Theory of Everything."
So,
/. is time real or is it imaginary? -
Time is an Art
If you are someone who researches the financial markets, there was a famous trader going back to the late 1800s named W.D. Gann. Gann's analysis of time was always that it was a subjective, illusory edge with respect to defining market movements, but that the definition was quantifiable at the highest of levels. In my book, "The Market is not Random.," I explore this subject more and think it is relevant for this conversation.
What's more, I think this article's timing is perfect with the recent theatrical release of "The Theory of Everything."
So,
/. is time real or is it imaginary? -
As a New Author
I have been getting several questions about my book, "The Market is not Random.," lately, and it is an amazing experience to engage with readers. Between posts on my blog TMINR, twitter messages, and general emails, it has been a tremendous learning experience.
As my book has breached the top 75 on Amazon's finance section, I have noticed that I am slowly approaching the "Tipping Point" as Mr. Gladwell lovingly pointed out, and I hope to one day fall off that edge to be in a position to gather my own group of questions from the
/. community. -
Constitutional Irrelevancy
One thing I learned with going through the federal process (see my bio at The Market is not Random), is that the constitution is irrelevant and that the use of it becomes pure interpretation and loophole. I doubt that the current legal structure was anything close to the forefathers imagined, but never doubt that the governmental employees will utilize any and every loophole at its disposal to justify its actions. The oxymoron of united states government.
-
Irrelevant
In some ways, I believe that the state of communications, globally, has already become monitored/recorded by governmental intervention, after what I witnessed through the federal system (See My Bio). The idea of bringing this down to the ISP level seems to be irrelevant with respect to what already exists. However, the purpose of purchasing access to the internet is to have a dedicated stream that is not capped. Those countries that allow this will fall behind the others.
-
Re:Lucky America
Although the world seems to focus on America, we must remember that aside from subsidized countries like Venezuela, Americans enjoy an average gas price that is much less than the global averages. That said, we must understand that the recent movement in crude prices is in direct correlation to the ongoing strategy that the United States has with choking off Russian monetary supplies. It's not a conspiracy theorist and as a pure market technician, which can be defined in my book The Market is not Random., the market foretold this sell off going all the way back to the swing sell in May...
Whenever one mentions that gas prices are so much higher elsewhere and that American's are lucky, one should also mention the why of gas prices being higher else where. It's almost always, if not always, entirely due to punitive taxation on fuel. According to the BBC filling up a 55 liter tank would currently cost about 68 pounds, of which 43 is bloody taxes. So, gas in the US isn't cheap. It just isn't taxed to death like in other parts of the world.
-
Lucky America
Although the world seems to focus on America, we must remember that aside from subsidized countries like Venezuela, Americans enjoy an average gas price that is much less than the global averages. That said, we must understand that the recent movement in crude prices is in direct correlation to the ongoing strategy that the United States has with choking off Russian monetary supplies. It's not a conspiracy theorist and as a pure market technician, which can be defined in my book The Market is not Random., the market foretold this sell off going all the way back to the swing sell in May...
-
From the Inside Out
As someone who has been through the federal justice system, I advise any American to assume that every piece of communication is tracked and saved under the guise of security. It was amazing to me how much information and how many resources the government has the ability to utilize if it wants to target one person, and even if I do make full restitution to my victims, I do not know if I will ever feel free again - not because of my situation, which you can read at The Market is not Random - but because of the knowledge I gained from the inside out.
-Anthony
-
Re:As a Federal Inmate...
It is amazing to witness how various forms of recognition is attained from an inmate. Everything from phone privileges requiring voice recognition mapping to recurrent DNA swabs become part of the norm. Otherwise, the penalty for disobeying these "rules" is a multi-week stay in the "hole."
It's unfortunate that someone with my education and my level of life experience had to experience federal incarceration, but the rebuilding of one's life also requires a public spread of what is and what is not the reality of the system. See my story: http://tminr.com/bio
IQ of 174 my ass.
Mr. Klatch was indicted in 2011 by the federal government, and he subsequently accepted a guilty plea to four felony counts: Conspiracy to Defraud the United States, Securities Fraud, Wire Fraud, and Money Laundering. Mr. Klatch acknowledges that he engaged in deceptive marketing tactics, which led to some investor losses during the 2008-2010 financial crisis. However, he accepted responsibility for his actions, and successfully served a five-year federal prison sentence.
Sentenced to five years in August 2012 (nice mug shot, BTW...), it's kind of impossible to "successfully serve" a five year sentence in two years and two months.
Fucker can't count to five, and claims he has an IQ of 174?
And what the hell does "successfully served" a FUCKING PRISON SENTENCE even mean, anyway?
-
Re:As a Federal Inmate...
Unfortunately, the comments posted about me are what I have come to expect from people who are not completely familiar with my case or with the system. I have taken responsibility for my crimes, and I have done everything possible to try and fix my wrongs. This has included the publication of books - http://tminr.com/the-book/ - whereby the proceeds go directly to victims. It has included seminars to high schools, churches, and local YM/YWCAs.
The reality of my case is that, yes, I did wrong, but I never created or started any of my companies with the objective of theft. That said, I was merely trying to illustrate that this was a step in the right direction by a United States District Judge with respect to discussing the realities of the system with the populous.
-
As a Federal Inmate...
It is amazing to witness how various forms of recognition is attained from an inmate. Everything from phone privileges requiring voice recognition mapping to recurrent DNA swabs become part of the norm. Otherwise, the penalty for disobeying these "rules" is a multi-week stay in the "hole."
It's unfortunate that someone with my education and my level of life experience had to experience federal incarceration, but the rebuilding of one's life also requires a public spread of what is and what is not the reality of the system. See my story: http://tminr.com/bio