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Trump re-tweets praise from hedge fund bro "banned for life" from National Futures Association
Jacob Wohl ?Verified account
@JacobAWohl
Replying to @JacobAWohl @realDonaldTrump
The #MAGA great again movement is WINNING, and the left-wing media can't stand it!
6:33 PM - 2 Aug 2017
@JacobAWohl
Replying to @JacobAWohl @realDonaldTrump
The #MAGA great again movement is WINNING, and the left-wing media can't stand it!
6:33 PM - 2 Aug 2017
Meet Trump’s New BFF Jacob Wohl
Regulators all over the country seem to be trying to find out. On August 19th of last year, the National Futures Association, an non-governmental industry watchdog and self-regulation body created under the auspices of the Commodity Futures Trading Commission in 1982, filed a complaint for numerous infractions including ripping off a guy named David Diedrich. Diedrich invested $75,000 with Wohl, making a nice return of 8.3% on his investment over about 6 months. But when Diedrich tried to withdraw his money, he had to ask over and over again to get it. And when Wohl finally sent him a check to close out his account, it was for $44,000 rather than $89,500 his account listed.
Wohl said the difference was due to “loses.”
The NFA proceeded to investigate, an effort that included an effort to visit the place of business, which seems to have been the Wohl family’s home. This led to a bizarre cat and mouse game with the Wohls objecting to the NFA personnel’s clothing, threatening the examiner to “stay away or else” and finally file a complaint with the LAPD.
On March 2nd, 2017, the NFA banned Jacob Wohl for life from the NFA or operating as a principal for any NFA member.
Wohl says he’s been called the Wohl of Wall Street but claims the comparison is unfair. WohlofWallStreet is also the url of his personal website.
http://talkingpointsmemo.com/edblog/meet-trumps-new-bff-jacob-wohl
Regulators all over the country seem to be trying to find out. On August 19th of last year, the National Futures Association, an non-governmental industry watchdog and self-regulation body created under the auspices of the Commodity Futures Trading Commission in 1982, filed a complaint for numerous infractions including ripping off a guy named David Diedrich. Diedrich invested $75,000 with Wohl, making a nice return of 8.3% on his investment over about 6 months. But when Diedrich tried to withdraw his money, he had to ask over and over again to get it. And when Wohl finally sent him a check to close out his account, it was for $44,000 rather than $89,500 his account listed.
Wohl said the difference was due to “loses.”
The NFA proceeded to investigate, an effort that included an effort to visit the place of business, which seems to have been the Wohl family’s home. This led to a bizarre cat and mouse game with the Wohls objecting to the NFA personnel’s clothing, threatening the examiner to “stay away or else” and finally file a complaint with the LAPD.
On March 2nd, 2017, the NFA banned Jacob Wohl for life from the NFA or operating as a principal for any NFA member.
Wohl says he’s been called the Wohl of Wall Street but claims the comparison is unfair. WohlofWallStreet is also the url of his personal website.
http://talkingpointsmemo.com/edblog/meet-trumps-new-bff-jacob-wohl
2 replies
= new reply since forum marked as read
= new reply since forum marked as read
