The following was posted @proglobyte - reposted here with permission, because it is something that should be seen by as many people as possible.
@dollarvigilante wrote:
'Helicopter Money Coming' - Exclusive Interview With Top Hedge Fund Manager Tom Conrad
So this Berwick "contribution" was basically a brief interview, a Q&A-style blahbideeblah, between Berwick and Thomas Conrad, who @dollarvigilante describes as follows ..
Thomas D. Conrad, Ph.D. is a highly ranked hedge fund manager with World Opportunity Master Fund and president of Financial Management Corporation. His flagship World Opportunity Master Fund, LP, is an international hedge fund that operates globally as a fund-of-hedge-funds. Fund managers hold in aggregate well over US$2 billion in managed investments.
Well .. I did a little digging...
SEC Charges Fund-of-Funds Manager, Principals With Fraud
SEC Charges Fund-of-Funds Manager, Principals With FraudThe SEC has charged Thomas Conrad Jr., Stuart Conrad, Financial Management Corp. (FMC) and Financial Management Corp. S.R.L. (FMC Uruguay) with fraud after Conrad, despite being barred in 1971 from association with any registered broker-dealer, “has continued in the securities business in an unregistered capacity.”
From 2010 through late 2014, Conrad directed preferential redemptions and other disbursements to himself, his son Stuart, extended family and some favored investors, while telling other investors that redemptions were suspended. He also failed to disclose to investors certain fees he received for his purported management of the funds and related conflicts of interest and also hid his disciplinary history.
According to the agency, during different periods beginning in 1994, Conrad created at least four hedge funds: the World Opportunity Master Fund L.P. (WOF Master) and its feeder funds, World Opportunity Fund L.P. (WOF); World Opportunity Fund Ltd., based in the British Virgin Islands; and World Fund II L.P. (World Fund II). Investors in the feeder funds received limited partnership interests in those funds.
THE SEC FILING CAN BE READ IN ITS COMPLETE FORM HERE ... https://www.sec.gov/litigation/complaints/2016/comp23597.pdf
ANOTHER SOURCE:Decades after ban from industry, Alpharetta man again accused of fraud
Conrad’s funds also ran into trouble when one large investment turned out to be a Ponzi scheme run by another money manager, the SEC said.
World Opportunity Funds
315 CROOKED Stick Dr.
Alpharetta, GA 30004
http://www.worldfund.net/
For all those who have been ignoring the many warnings about the people brought here, presented to you as heroes of the cause (whose!!?) - people who toss a pile of steaming bullshit at you and get a shit tonne of YOUR STEEM in return ... for what!? FOR THIS!? Let this be your last warning - if you refuse to wake up, you only have yourselves to blame for what is going to happen to STEEMIT - a total loss of legitmacy!But who am I to judge right? GO AHEAD .. give Berwick and gang 10s of thousands more!!! All I know is, I read a four-line poem by someone who hasn't even earned 50 cents here, and it was worth more than all the "work" that has been done by these fucking bullshit artists, combined!
Well said, with every day coming and going like that, the accusations that this whole thing is a scam become more and more applicable. The founders don't really care, they probably cashed out a couple of millions already.
It seems, as if it never was intended to grow to a working platform, but to keep it afloat as long as possible with the help of the gang of insiders.
Really crooked shit. The same applies to Bitshares.
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The platform succeeds as long as it is not abandoned.
The scammers will out, scandals will ensue, and life goes on.
I can only hope that they leave in droves so it can all accrue to me!!
Because crapitalism rules!!
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