Premium Essay

Lebed

In:

Submitted By css2709
Words 1091
Pages 5
In this paper I will cover a story about what many people would say it was an unethical business activity, not by a company or a government entity but by only one single person, his name is Jonathan Lebed. Jonathan Lebed is considered by many a stock manipulator. He started trading when he was only 12 years old with $8,000 dollars and within 18 months had a portfolio of $28,000 dollars. At the age of 15 he had a profit of $800,000 dollars due to in my opinion, a genius strategy. Many people might say that his strategy is considered unethical but before reading how he did it, may I ask you this question. These practices still happen, don’t they? Jonathan Lebed was a normal child, interested in stock trading after seeing his father being promoted and buying shares of the company he worked for. He started by watching CNBC and analyzing the trades, even though he didn’t understand what the numbers meant on the bottom of the screen. As the internet boom took place in the late 90’s Lebed got his first computer and learned everything he could about trading on the internet and TV. Lebed begin trading when he was 12 and despite the fact that he wasn’t an expert, he learned everything about a company he wanted to buy through the internet and if not, he asked his mom to take him to the headquarters of a company to make sure it existed. After 18 months he had a profit of $20,000, and created a website devoted to companies with small market capitalization, known as penny stock companies. This website was having 1500 visitors a day and companies start offering him money to advertise them. At the age of 14 he was called in the US Securities and Exchange Commission and asked many questions about his trading activities. Not frightened by them he continue trading, claiming that they never told him to stop doing what he was doing or that it was a bad thing and he had to stop.
At

Similar Documents

Premium Essay

Planning and Design Analysis

...Planning and Design Analysis Grid Your Learning Team has been assigned two articles to analyze for assignments in Weeks Three and Four. One article is a qualitative research study, and the other is a quantitative research study. Identify which article is which, and then complete the table where applicable. Write no more than three sentences in each cell of the table. Qualitative: Living with Incurable Cancer at the End of Life-Patients’ Perceptions of Quality of Life Quantitative: Dance and movement program improves quality-of-live measures in breast cancer survivors Qualitative Quantitative Research question What is the patients’ perception of quality of life in incurable cancer at the end of life? What effect does dance and movement have on breast cancer survivor’s quality of life? Problem Can illness affect a patient’s quality of life perceptions? Can dance and movement affect quality of life and shoulder function in breast cancer survivors that were treated in the last 5 years? Purpose To evaluate what an incurably ill person’s perspective of quality of life is. To analyze the effects of dance and movement on shoulder function and quality of life for cancer survivors who were treated within the past 5 years. Hypothesis To show that quality of life at the end of life has a positive meaning for patients with incurable cancer by using five themes of relevance relating to quality of life and to use individual patient strategies to relive pain via emotional...

Words: 1119 - Pages: 5

Free Essay

Mr.Bosun

...The Constitution and Government Structure During 1992-93 Yeltsin had argued that the existing, heavily amended 1978 constitution of Russia was obsolete and self-contradictory and that Russia required a new constitution granting the president greater power. This assertion led to the submission and advocacy of rival constitutional drafts drawn up by the legislative and executive branches. The parliament's failure to endorse a compromise was an important factor in Yeltsin's dissolution of the body in September 1993. Yeltsin then used his presidential powers to form a sympathetic constitutional assembly, which quickly produced a draft constitution providing for a strong executive, and to shape the outcome of the December 1993 referendum on Russia's new basic law. The referendum vote resulted in approval by 58.4 percent of Russia's registered voters. The announced 54.8 percent turnout met the requirement that at least 50 percent of registered voters participate in the referendum. The 1993 constitution declares Russia a democratic, federative, law-based state with a republican form of government. State power is divided among the legislative, executive, and judicial branches. Diversity of ideologies and religions is sanctioned, and a state or compulsory ideology may not be adopted. The right to a multiparty political system is upheld. The content of laws must be made public before they take effect, and they must be formulated in accordance with international law and principles. Russian...

Words: 3194 - Pages: 13

Free Essay

The Russian Ruble Crisis of 1998

...The Russian Ruble Crisis of 1998 is termed as among the worst financial crisis to hit the Russian economy. The Crisis is believed to have been triggered by a number of factors. The Asian financial crisis of 1997 is a major cause of the crisis as it led to declines in the world commodity prices (Owyang, & Chiodo 2002, p. 7). Just to be appreciated is the fact that Russian economy was heavily dependent on oil. There are other reasons such as the downfall of the Soviet Union in 1991 and the economic difficulties it brought to the Russian nation. Another common cited reason is poor financial policy practices by the Russian government as well as political crisis that were witnessed in the nation earlier that year (Owyang, & Chiodo 2002, p. 7). The Russian financial crisis had various political and economic consequences. First, the crisis compromised the confidence of the citizens of Russian to the government of president Yeltsin. Indeed, facing much opposition in the parliament, Yeltsin was forced to fire Kiriyenko as the prime minister and nominated Foreign Minister Yevgeny Primakov to the position (Tarassova, Kraakman, & Black 2000, p. 12). On the economic front, the Russian crisis led to the collapsing of the Russian stock, bond, and currency market on august 13, 1998. This was a direct result of investors fear that the government could devalue the ruble as well as claims of failure by the government to repay its domestic debts. This paper gives a critical analysis...

Words: 1554 - Pages: 7

Free Essay

The Peculiarities of Elections to the State Duma of the Russian Federation

...The peculiarities of elections to the State Duma of the Russian Federation (VI convocation) coverage by “Nezavisimaya Gazeta” Introduction The necessity for Russia's democratic development, constructing of the civil society and law-based state is now generally accepted. At the same time, the authorities often seek only to declare the general principles, but demonstrate little desire to implement them in practice. In such situation the population is justified to mistrust the government and be skeptical about its actions. It is widely known that the key features of democracy (which underlies the basis of civil society), except guarantee of the rights and freedoms are also such as: the acceptance of political rights and freedoms of citizens in the volume, which allows not only government parties and organizations to act legally, but the opposition too; the presence of representative bodies of power, which are formed on the basis of universal, free and fair elections; the “separation of powers” principle, which means that the parliament is the sole legislative body; political pluralism and publicity of power. The civil society will not be able to exist without ensuring equality of rights and freedoms for all people; freedom of citizens in establishing of political parties and civil movements; freedom of establishing the mass media and ensuring their activities. In the modern Russian society the media, as declared, should ensure dialogue...

Words: 3370 - Pages: 14

Free Essay

The Analytical Difference in Conceptualising the Russia-Ukraine Crises in Realist and Materialist Terms

...University of Kassel Governance of the World Market: Institutions, Instruments and Experiences (MCC III) Prof. Christoph Scherrer Winter Semester 2015/2016 The Analytical difference in Conceptualising the Russia-Ukraine Conflict in Realist and Materialist Terms Kofi Adu Frimpong Kholmati Kholik Global Political Economy Global Political Economy 33423968 33420343 kadfrimpong@yahoo.com kkholik@gmail.com 15/03/2016 Abstract The so called Euromaidan revolution – Ukraine’s struggle to move one step further to closer ties with Europe by liberating itself from the Russian orbit, have created the Russia-Ukraine Crisis. It has re-established and heightened the tensions between Russia and West. Realism has been on the fore front of the academic discussion in explaining the crisis as the power competition between Russia and the West. Alternatively, Materialism has provided a different yet deeper analytical perspective on the conflict by attributing it to the broadening of the transnational class capitalism. This paper will seek to explain and scrutinize the analytical differences in conceptualizing this crisis in Realist and Materialist terms. Keywords: Ukraine crisis, Realism, Security, Materialism, Lockean heartland, Contender states Table of Contents 1 Introduction 4 2 Theoretical framework 5 2.1 Theoretical underpinnings of the Realist school of thought 5 2.2 Theoretical underpinnings of Materialism: Amsterdam School Approach 7 2...

Words: 9639 - Pages: 39

Premium Essay

Consumer Behaviour

...INDEX |CHAPTERS |TOPIC |PAGE NO | | | | | | |EXECUTIVE SUMMARY |1 | | |RESEARCH OBJECTIVE |2 | | |RESEARCH METHODOLOGY |3 | | | | | |  |PART I |  | | | | | |I |BASIC |4 - 7 | |II |STOCKS |8 - 11 | |IIII ...

Words: 19926 - Pages: 80

Free Essay

Sintesi Dei Risultati E Ruolo Della Nato Per La Sicurezza in Europa

...Università degli Studi di Trieste Facoltà di Scienze Politiche Corso di Laurea in Scienze Politiche Tesi di Laurea in Geografia Politica SINTESI DEI RISULTATI E RUOLO DELLA NATO PER LA SICUREZZA IN EUROPA Laureando: T.Col. Lucio PROVENZANI Relatore: Chiar.ma Prof.ssa Maria Paola Pagnini Correlatore: Prof. Aldo Colleoni Anno Accademico 2002-2003 INDICE INDICE……………………………………………………………………..………….2 INTRODUZIONE………………………………………………...…...………………5 CAPITOLO I…………………………………………………………..……………..10 Le origini e la genesi della NATO; dalla seconda Guerra Mondiale alla fine del Patto di Varsavia 1. 2. Gli antecedenti………………………………………………...………………10 Il ruolo della NATO negli anni della guerra fredda…………...………………13 CAPITOLO II………………………………………………………………………...20 Struttura e principi organizzativi dell’Alleanza 1. 2. I mezzi a disposizione ed i compiti fondamentali……………………………..21 Principi organizzativi di vertice dell’Alleanza………………………………...23 CAPITOLO III……………………………………………………………………….28 Il ruolo dell’Alleanza nel controllo degli armamenti 1. 2. 3. Il controllo delle armi Nucleari, Biologiche e Chimiche……………………...29 Gli armamenti Convenzionali…………………………………………………34 Le armi di distruzione di massa……………………………………………….37 CAPITOLO IV……………………………………………………………………….40 Gli Stati Uniti e la nuova strategia per la sicurezza Europea 1. 2. L’interesse degli Stati Uniti nell’Europa dopo la fine della guerra fredda……40 I nuovi comp iti ed il Nuovo “Concetto Strategico” della NATO……………..45 CAPITOLO...

Words: 78133 - Pages: 313