[Zhang Fei]

First off, Cramer basically ran a boiler room operation a couple decades ago. The guy is a crook and it amazes me he has a show on Bloomberg.

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Cramer ran a hedge fund, whereas boiler room operations sell penny stocks. Very different lines of business. Cramer’s returns weren’t great, but that’s because most fund managers under-perform the (mostly passive) indices over time, despite the massive amounts of brainpower devoted to money management.

[Sam Gamgee]

Not according to the book I read. He ran a fund that was nothing more than a Ponzi scheme whereby he submitted fake investment return documents to holders.