Wanna get rich? We have a stock-picking robot that will double your money.
It’s amazing the Securities and Exchange Commission would have to waste its time shutting down such an obviously fraudulent pitch like this.
You would hope people would be smart enough not to be taken, and laugh it off. But 75,000 U.S. investors fell for this ridiculous pump-and-dump started by two 16-year-old British twins.
Click here to read more from the SEC. And click here to read the SEC’s complaint.
“While touting their supposed breakthrough investment technology on two websites, the [twins] were racking up fees as stock promoters through a third,” said Thomas A. Sporkin, Chief of the SEC’s Office of Market Intelligence.
It’s hard to believe investors this stupid would have any money left to invest in a stock-picking robot.
What if I told you I had a stock-picking fairy? Would you buy that, too?
