Young enterprenuers make $1.2m

[fido]

ben_h100 said:

Apologies if my title was taken out of context - entrepreneur meaning more in the way of
But still, although what they did was downright dodgy - to think this up, get companies on board, get subscribers, and name the 'robot' after a combination of your first names, at the age of 16/17 - that I find impressive.

Selling cocaine when you're 16 would also be 'impressive' -dealers, marketing, clients etc. And getting away with a crime and it's proceeds is the hard part.

[AdamTheTrader]

alfabadass said:

What a system.

Pick on little kids but don't bother with the adults who raped the whole world.

This is quite genius though. I'll be very surprised if something similar hasn't been done on a larger scale before.

edit:The news report from Sky News says as follows:

The Hunters allegedly snared about 75,000 investors, mostly in the US
"One email to this list of people rockets a stock price."
Once a stock promoter was reeled in by the scam, the twins would send an email to the thousands of investors subscribed to their newsletter, recommending they buy the touted asset, it is claimed.
And once investors followed the advice, the shares value and volume would instantly increase, it is alleged.

^ This sort of thing happens all the time. It's only the same as reporting that a 'big investor' is going to buy a large amount of a stock- many individuals follow suit and buy- and subsequently the so-called 'big investor' dumps all their stocks onto the stream of buyers to stop the share price from plummeting.

Edited by AdamTheTrader on Sunday 22 April 13:06