50cent Uses Twitter as "insider trading stock tip" to make himself 8.7mil in 1 day
 

LOL what a way to make a buck off some stock :thumbsup:thumbsup

NEW YORK TheStreet -- 50 Cent is a hot search topic today following a slew of reports that claim the popular hip-hop artist earned $8.7 million on Monday through Twitter.

50 Cent Pumps H&H Imports Stock Via Twitter

The New York Post reports that 50 Cent, or Curtis Jackson, helped drive up the share price of H&H Imports by promoting the penny stock via Twitter. "You can double your money right now. Just get what you can afford," he tweeted on Monday. The value of the stock rose 29 cents to 39 cents following his promotional tweets.
Jackson reportedly received 30 million shares of H&H in a private placement last October



wonder what the feds will do to stop things liker this from happening:Oh crap

isn't that an SEC violation? pumping penny stocks like that?

he didnt earn anything unless he sold his shares

i played some 50 cent at the affiliate ball in vegas on monday

good shit

i cant believe people would take stock advice from a retard

yeah hes a terrible business person, making $100mil and all from vitamin water, making them agree to give him 10% of the company when they were small. a true tard.

Hate on, hater. :2 cents:

one would think:Oh crap

Yeah thats going to end up landing him in some shit.

I recall someone getting in deep for doing the same with email.

It was on the news yesterday. What he did was an SEC violation and he should be arrested and / or fined. What's worse though are people who took his advice. WTF?

I think he has to sell to commit the crime. pump and dump

If he holds, it could just be considered an opinion of a stock that he owns.

The company could then dissolve and he could get paid that way.

Wesley Snipes should have called me. :)

i thought he'd get in trouble for this, in the UK they are complaining about celebs advertising for their personal gain. . .

probably fake news :)

wrong....





.

so wesley would of gone to jail whether he called him or not. . . ?

Ya no shit, dude is one smart cookie.

Ya, he hired people with brains to help him not blow it all on diamonds and shiny rims...

:1orglaugh:1orglaugh:1orglaugh:1orglaugh at your avatar...





.

from the NY post :
http://www.nypost.com/p/news/busines...PHX43R2NCWX6MN

:winkwink:

Too bad you can't short it! (penny stock)

no. I would have gotten him off due to hs lack of... education, professional advice and prior convictions.

:)

Does being so jealous hurt inside?


:pimp

Nah, he just fired all the angry jealous jews that were stealing from his accounts.

:1orglaugh

That illegal, if trade stocks and say it's going to go up publicly and buy then you are breaking the law. It's called pumping sticks and is a huge fine and maybe Jail. Also the people taking his advise can be prosecuted.

Penny stocks are pumped and dumped on a daily basis using message boards and "advisor" memberships.

Which shows he is smart. Success in one arena makes a lot of people think they can do anything and that can succeed at anything. 50 is smart enough to realize he is good at rapping, he hires other people to help him invest his money and make money on non-music ventures.

You obviously don't know much about the guy.

Actually I think it was closer to 400-500 million.

he should just use Tor to update his twitter and blame someone else lol

http://www.wytv.com/entertainment/st...jT6YdwUUw.cspx

he knows he fucked up.

Is it illegal for him to use his celebrity to "pump up" a stock?

Curious