Members in Chat:
BertieBot, Gildebot_LockHart | |
If this is your first visit, be sure to check out the FAQ by clicking the link above.
You may have to register before you can post: click the register link above to proceed.
To start viewing messages, select the forum that you want to visit from the selection below.
| | Harry Potter News Latest news and rumors about the Harry Potter world! | Vote for SS! 
04-12-2008, 08:24 AM
| | |  Headstart Fund charged with bamboozling Potter tricks
The manager of a London-based hedge fund, Headstart Advisers, is facing legal action from the Securities and Exchange Commission (SEC), the U.S. financial regulator.
Najv Nasser is charged with illicitly trading shares in U.S. mutual funds. The SEC also alleges that subsidiaries with completely unrelated names were set up by the firm's employees in an attempt to conceal their indentities and to trick the U.S. mutual funds into accepting their trades. They claim that such subsidiaries were set up with names such as "Voldemort [sic] Ltd", as well as other less inventive names.
It is claimed that the fund manager has made over £100m by breaching market timing regulations and late trading between September of 1998 and September of 2003.
Representatives of the Headstart Fund have denied the charges.
Source: The Telegraph.co.uk
Confused?  Click here! | |
04-12-2008, 09:30 AM
|
#2 (permalink)
| | Chizpurfle
Location: Forks, With Edward. Join Date: Jan 2008
Posts: 688
Hogwarts RPG Name:
Adalia Longbottom.
Third
Ministry RPG Name:
Harmony Black.
Magical Law Enforcement |
O_o
I don't get it. xD | 
|  | |
04-12-2008, 09:58 AM
|
#3 (permalink)
|  Sneaky LuciusBowtruckle
Location: With the other Death Join Date: May 2007
Posts: 243
Hogwarts RPG Name:
Hannah Wheatley
|
Nither do I | 
| | |
04-12-2008, 10:08 AM
|
#4 (permalink)
|  Tonks' Gum Chewer
Twins' Extra EarNiffler
Location: boarding skool :/ Join Date: Oct 2006
Posts: 2,855
Hogwarts RPG Name:
Rachael
|
Some guys was trading shares when he wasn't allowed to. I think he says that he set up a business and called it "Voldemort LTD" so that it would be legal. But he's probably lying. | |
| | |
04-12-2008, 10:31 AM
|
#5 (permalink)
| 
Madam Malkin's Mod
Stepford Wife
Quill Editor
SmexyRAWR!Basilisk
Location: 20, Diagon Alley Join Date: Jun 2004
Posts: 42,576
Hogwarts RPG Name:
Garret Crocker
Second Year |
It's like having multiple accounts on SS so that you can get more points in the RP, or something like that. It's against the rules, and you can get banned for it.
That's what's happening to Headstart Fund. Think of them with the offending member with 5 accounts, all in one house so that they can all attend class at one time and ALL get points at one time.
Think of the SEC as the SS staff who catch the member and ban them for a certain amount of time, while also getting rid of the other accounts.
That's the best way for me to explain it in SS terms. lol hope you understand. | |
| | |
04-12-2008, 11:52 AM
|
#6 (permalink)
|   Portuguese Language Mod
Potter’s Princess
A+ FangGirlThestral
Location: In my private world Join Date: Feb 2004
Posts: 38,381
Hogwarts RPG Name:
Melina Fay Roscoe
Second Year
Ministry RPG Name:
Viola Hart
Diagon Alley |
Oooh gotcha.
*pokes the dude hard* | |
| | |
04-12-2008, 01:15 PM
|
#7 (permalink)
|   Russian Mod
HBCFC President/MoMFC Activities
SotS WriterCentaur
Location: Fwopstickles. Join Date: Nov 2006
Posts: 24,000
Hogwarts RPG Name:
Seth Benjamin Paton
Fifth Year
Ministry RPG Name:
Madison Andrea Bailey
Diagon Alley |
Tut, tut. Such a stupid move to make.  | |
| | |
04-12-2008, 01:25 PM
|
#8 (permalink)
| Chinese Language ModChaos Creator Skrewt
Join Date: Sep 2007
Posts: 1,285
Hogwarts RPG Name:
Lily Kaly Lu
Fourth Year
Ministry RPG Name:
Suzanna Ming
Magical Games & Sports |
Wow. Shouldn't have done that now. | |
| | |
04-12-2008, 01:42 PM
|
#9 (permalink)
| | Nogtail
Location: Canada Join Date: Feb 2008
Posts: 338
Hogwarts RPG Name:
Gwenavere
First Year |
Wow,that's insane!!!!! | |
| | |
04-12-2008, 03:44 PM
|
#10 (permalink)
| | Chizpurfle
Location: Armwrestling Emmett Join Date: Mar 2008
Posts: 701
Hogwarts RPG Name:
Heidi Sparks
Second Year |
 Very well put Nabiya! Shame on them for using the names as well. | |
| | |
04-12-2008, 05:01 PM
|
#11 (permalink)
| | Chizpurfle
Location: Forks, With Edward. Join Date: Jan 2008
Posts: 688
Hogwarts RPG Name:
Adalia Longbottom.
Third
Ministry RPG Name:
Harmony Black.
Magical Law Enforcement |
Quote:
Originally Posted by Nabiya  It's like having multiple accounts on SS so that you can get more points in the RP, or something like that. It's against the rules, and you can get banned for it.
That's what's happening to Headstart Fund. Think of them with the offending member with 5 accounts, all in one house so that they can all attend class at one time and ALL get points at one time.
Think of the SEC as the SS staff who catch the member and ban them for a certain amount of time, while also getting rid of the other accounts.
That's the best way for me to explain it in SS terms. lol hope you understand. | Thanks. I think I can get it now. :] | |
| | |
04-12-2008, 05:26 PM
|
#12 (permalink)
| SS Senile Senior Abraxan
Location: in the TARDIS Join Date: Jun 2007
Posts: 6,496
Hogwarts RPG Name:
Qaz Windsong
Fifth Year
Ministry RPG Name:
Jose Espinosa, Peru PM
Special Ops |
Quote:
Originally Posted by Nabiya It's like having multiple accounts on SS so that you can get more points in the RP, or something like that. It's against the rules, and you can get banned for it.
That's what's happening to Headstart Fund. Think of them with the offending member with 5 accounts, all in one house so that they can all attend class at one time and ALL get points at one time.
Think of the SEC as the SS staff who catch the member and ban them for a certain amount of time, while also getting rid of the other accounts.
That's the best way for me to explain it in SS terms. lol hope you understand. | On top of that, they could sell to each other, artificially raising the price of the stock so that real investors ar paying much more than it's really worth and then reaping a windfall profit. When they sell off all their stock the price plummets and the real investors lose. | |
| | |
04-12-2008, 06:07 PM
|
#13 (permalink)
|  Hermione's DoubleEdward's Spider MonkeyCanna Vampire
Location: Eric's Basement Join Date: Nov 2007
Posts: 11,236
Hogwarts RPG Name:
Anna Bella Greingoth
Fifth Year
Ministry RPG Name:
Bella Greingoth
Diagon Alley |
The nerve of some people... | |
| | |
04-12-2008, 09:38 PM
|
#14 (permalink)
|   SS Quill Journalist
MMFC Activities
HEFC Co-PresPygmy Puff
Location: The Break Room Join Date: Aug 2007
Posts: 10,698
Hogwarts RPG Name:
Gwen Minton
Fourth Year
Ministry RPG Name:
Mona Artemis Quigley
Accidents & Catastrophes |
....Bwahahahahaaaa Caught in the act! Crrrrime doesn't pay  Quote:
Originally Posted by Nabiya It's like having multiple accounts on SS so that you can get more points in the RP, or something like that. It's against the rules, and you can get banned for it.
That's what's happening to Headstart Fund. Think of them with the offending member with 5 accounts, all in one house so that they can all attend class at one time and ALL get points at one time.
Think of the SEC as the SS staff who catch the member and ban them for a certain amount of time, while also getting rid of the other accounts.
That's the best way for me to explain it in SS terms. lol hope you understand. | Wonderful explanation, Nabs! *applauds*  | |
| | |
04-13-2008, 12:33 AM
|
#15 (permalink)
| | Jarvey
Join Date: Feb 2008
Posts: 148
Hogwarts RPG Name:
Lily Silvanus
First |
What a stupid idea | |
| | |
04-13-2008, 01:05 AM
|
#16 (permalink)
| TFFC Games Officer
DMFC Games Officer Bicorn
Location: under Tom's bed. Join Date: Jul 2006
Posts: 1,663
|
They used a name as Voldemort. Lol. | |
| | |
04-13-2008, 04:11 AM
|
#17 (permalink)
| | Bicorn
Location: Vacaville, Ca Join Date: Sep 2007
Posts: 1,654
Hogwarts RPG Name:
Elizabeth Snape
Graduated
Ministry RPG Name:
Department of mysteries planet room
|
how could he do something like that? theres always two sides to every story. | |
| | |
04-13-2008, 11:07 AM
|
#18 (permalink)
| G1GGL3R! *giggles* Yeti
Location: on Ameh's purdy head Join Date: Feb 2006
Posts: 14,796
Hogwarts RPG Name:
Terry Saunders
Fourth Year |
Lol, I don't get this either.  | |
| | |
04-13-2008, 11:38 AM
|
#19 (permalink)
| George's Ear Doxy
Location: Southampton/England Join Date: Jun 2007
Posts: 431
Hogwarts RPG Name:
Narisa Carter
First Year |
Okay, call me thick, but I've read all the explanations and I STILL don't get it o.O sorry. | |
| | |
04-13-2008, 04:26 PM
|
#20 (permalink)
| DAFC VIP
A&MFC G.O.
Fan Fiction Elf Abraxan
Join Date: Sep 2006
Posts: 6,049
Hogwarts RPG Name:
Sam Mc Conroy
Sixth Year
Ministry RPG Name:
Nicoli Vanhattck
Magical Law Enforcement |
| |
| | |
04-13-2008, 04:33 PM
|
#21 (permalink)
| | Skrewt
Location: Denmark.. Join Date: Mar 2008
Posts: 1,266
Hogwarts RPG Name:
Destiny Love Moonlight
Second Year
Ministry RPG Name:
Sorena Evans Malietta
Department of Mysteries |
Madness! O.o | |
| | |
04-13-2008, 05:25 PM
|
#22 (permalink)
| | Jarvey
Location: in the deep blue sea Join Date: Dec 2007
Posts: 148
Fourth |
cheaters never win!!!
how stupid can you get? | |
| | |
04-13-2008, 07:43 PM
|
#23 (permalink)
|
SS Quill Journalist
Hermione Co-President
Book Club Babe
SotS ChampionVampire
Location: Maryland Join Date: Nov 2005
Posts: 11,300
Ministry RPG Name:
Jermey Jackston
Special Ops |
confused much | |
| | |
04-13-2008, 08:14 PM
|
#24 (permalink)
| Russian Dancing Snake-Twin
Magical ReaderJam Pony Rider Werewolf
Location: Wangdoodleland. Join Date: Dec 2005
Posts: 27,522
Hogwarts RPG Name:
Jude Alexander Maxwell
First Year
Ministry RPG Name:
Aricca Jade "AJ" Silverstone
Magical Creatures |
and they thought a name like Voldemort LTD wouldn't get caught and inspected???
wow. nerds. stupidest nerds ever. haha. glad they got caught. | |
| | |
04-14-2008, 03:18 PM
|
#25 (permalink)
| | Ramora
Location: Neverland... Join Date: Mar 2008
Posts: 396
Hogwarts RPG Name:
Peter Plumb Jnr
First Year
Ministry RPG Name:
Peter Plumb Snr
Department of Mysteries |
Good idea if you can get away with it i suppose... :-/
But did he really think no-one would notice??? | |
| | 
Posting Rules
| You may not post new threads You may not post replies You may not post attachments You may not edit your posts
HTML code is On | | | All times are GMT. The time now is 02:50 PM. |
Voldemort for evil 
