US Charges English Twins Over $1.2m 'Stock Robot' Fraud

peetm writes "Twin brothers from England face U.S. civil charges for allegedly defrauding investors out of $1.2m (£745,000) through a bogus stock-picking robot. The twins, Alexander and Thomas Hunter, were just 16 years old when they devised the scam — which fooled around 75,000 people, according to U.S. officials."

I knew it!

[lxs]

Twins are evil.

Re:Good one.

[jaymemaurice]

Your mathematics and/or facts are not welcome at this trial. BURRN THE WITCH!

Re:what about those companies

[PopeRatzo]

This is true in England, also? I really don't know how the laws work for companies over there compared to the US corporations.

When it comes to corporations, US law is the only one that matters when it comes to protecting the company, but when it comes to tax law, Grand Cayman law is the only one that matters and when it comes to labor law, China is the only one that matters. They don't care about England.

Re:Had to read the article...

[Opportunist]

criminal, -s, n: Someone unable to buy laws to make his actions legal.