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US Charges English Twins Over $1.2m 'Stock Robot' Fraud

Posted by timothy on from the not-all-english-twins-of-course dept.

peetm writes "Twin brothers from England face U.S. civil charges for allegedly defrauding investors out of $1.2m (£745,000) through a bogus stock-picking robot. The twins, Alexander and Thomas Hunter, were just 16 years old when they devised the scam — which fooled around 75,000 people, according to U.S. officials."

4 of 114 comments (clear)

  1. I knew it! by lxs · · Score: 5, Funny

    Twins are evil.

  2. Re:Good one. by jaymemaurice · · Score: 3, Funny

    Your mathematics and/or facts are not welcome at this trial. BURRN THE WITCH!

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    120 characters ought to be enough for anyone
  3. Re:what about those companies by PopeRatzo · · Score: 4, Funny

    This is true in England, also? I really don't know how the laws work for companies over there compared to the US corporations.

    When it comes to corporations, US law is the only one that matters when it comes to protecting the company, but when it comes to tax law, Grand Cayman law is the only one that matters and when it comes to labor law, China is the only one that matters. They don't care about England.

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    You are welcome on my lawn.
  4. Re:Had to read the article... by Opportunist · · Score: 5, Funny

    criminal, -s, n: Someone unable to buy laws to make his actions legal.

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    We used to have a Bill of Rights. Now, with the rights gone, all we have left is the bill.