Bernie Madoff was a notorious financial fraudster who ran a Ponzi scheme for years, using new investors' money to pay earlier investors and threatening some investors that they would not be allowed to reinvest with him if they withdrew their money.
Citadel Securities, led by Ken Griffin, has similarly restricted its clients and presented an ultimatum. It reportedly told clients they must stay invested or risk being permanently locked out of the fund.
OPINION:
Investors should run as fast as they can. It doesn't matter if they get banned, this hedge fund and market maker probably won't exist when it all comes crashing down.
Citadel, a Wall Street market maker and hedge fund, took a $600 million loan prior to the recent financial events and later required a $1.15 billion bailout from Sequoia Capital and Paradigm. This was the first time the firm had to seek outside investment. Despite this, Citadel has been releasing statements in the media about their business success. As a news website, InvestorTurf warns the public to exercise caution when considering investments in hedge funds like Citadel. Our analysis suggests that the institution may be in trouble and is continuously misleading its investors and the public. We believe that there are similarities between Citadel's actions and those of Bernie Madoff.
@HarryCicma@GregSchiano@CoachPikiell Rutgers went from a bottom dweller to a team you expect to make the tourney every year since pike got here. The future only gets brighter with multiple five star recruits committed and more in the pipeline. Final four in the next five years. #welikepike#youdontknowanything
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Tj Thompson is making his mark with Rutgers basketball. Found an absolute gem in big Wolf and was the lead recruiter for Gavin and Dellquan Warren.
I saw this man change the entire landscape of New Hampshire basketball in just a few years. His basketball mind is unmatched
I just created a brand new @GameStopNFT wallet, funded it with credit card, and purchased a @GuildOfGuardian hero in the span of 5 minutes
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Onboarding is now easier than ever!
$HKD
▪︎ Ran from $17 to $900+ and didn't have a single halt or the buy button removed.
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▪︎ Zero news, almost intended to be silent.
$AMC $GME
I hope you're all paying very close attention.