Fox News contributor tweets that Trump should pardon all indicted Russians during summit w/Putin

[VMA131Marine]

4. You had to know there is more to it than that

Jacob Wohl was a 19-year old hedge fund manager, but not a very ethical one. In many ways, he sounds a lot like Trump:

https://finance.yahoo.com/news/jacob-wohl-teenage-hedge-fund-202540921.html

Jacob Wohl, the 19-year-old “Wohl Of Wall Street” hedge fund manager, faces a pending action by the Arizona Securities Commission that accuses Wohl’s companies of violating the state’s securities laws.

The commission cites a number instances of alleged fraudulent activities by Wohl and his companies Wohl Capital Investment Group (WCIG), Nex Capital Management, LLC (NEX) and Montgomery Assets, Inc. (MAI) in the September 27, 2016, order. A hearing is scheduled for August 7, 2017, at the regulatory agency’s Phoenix office.

In response to the action from the Arizona Commission, Wohl told Benzinga in an emailed statement, "All of the allegations made by the Arizona Corporation Commission are based on false statements made by the disgruntled former investor to the commission, and are not supported by any of the documentary evidence in the case. The investor was a well heeled, accredited investor, and was provided with and signed all of the necessary risk disclosures."

Contents Of The Order
Among the 14 alleged counts of fraud in connection with the offer or sale of securities included in the cease and desist order are the following:

Wohl and WCIG falsely represented to Investor 1 that only 20 percent of his investment would be at risk, yet lost approximately 50 percent of his Investor 1's account value between December 2015 and January 2016, according to the securities commission.
Wohl and WCIG falsely represented to Investor 1 that WCIG managed between $9 million and $10 million in assets, but actually managed less than $500,000, the order said.
Wohl and WCIG misled Investor 1 regarding the risk associated with the investment by representing that a textbook trade for WCIG had a 99.5 percent probability of profit, according to the commission.
Wohl, Johnson, and MAl falsely represented to potential investors that MAl had 35 years of experience flipping single-family residential real estate, but MAl had existed for less than six months, the order said.