It is a small and relatively trivial point, but still an interesting one.
Two 16 year old brothers from Tyneside have got themselves into trouble:
Twin brothers from England face US civil charges for allegedly defrauding investors out of $1.2m (£745,000) through a bogus stock-picking robot.
Alexander and Thomas Hunter, of Whitley Bay, North Tyneside, were aged 16 when, in 2007, they devised the scheme of the robot, dubbed Marl, say US officials.
The Securities and Exchange Commission said the stocks “picked” were actually firms that paid the twins hefty fees.
The Hunters allegedly snared about 75,000 investors, mostly in the US.
And this is how they did it:
Marl was a supposed combination of the names of its phoney creators, Michael Cohen and Carl Williamson. The Hunters claimed that “Michael Cohen” had developed a Goldman Sachs trading algorithm that reaped billions in profits.
Because, if you’re going to defraud people by pretending that you have a super duper stock picking machine, then obviously, you’d be a Jew.
