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To: delta7

Um, pass.

In 1999, Japanese fraud investigators accused Armstrong of collecting money from Japanese investors, improperly commingling these funds with funds from other investors, and using the fresh money to cover losses he had incurred while trading.[13] United States prosecutors called it a three-billion-dollar Ponzi scheme.[14] Allegedly assisting Armstrong in his scheme was the Republic New York Corporation, which produced false account statements to reassure Armstrong’s investors. In 2001, the bank agreed to pay US$606 million as restitution for its part in the scandal.[14]

Armstrong was indicted in 1999 and ordered by Judge Richard Owen to turn over fifteen million dollars in gold bars and antiquities bought with the fund’s money; the list included bronze helmets and a bust of Julius Caesar.[15][16] Armstrong produced some of the items but claimed the others were not in his possession; this led to several contempt of court charges brought by the SEC and the CFTC, for which he served seven years in jail until he reached a plea bargain with federal prosecutors.[17][18][19] Under the terms of the agreement, Armstrong admitted to deceiving corporate investors and improperly commingling client funds—actions that according to prosecutors resulted in commodities losses of more than seven hundred million dollars—and was sentenced to five years in prison.[20][15]

He was released from federal custody on 2 September 2011 after serving a total of eleven years behind bars.


3 posted on 05/16/2025 9:37:31 PM PDT by DoodleBob (Gravity's waiting period is about 9.8 m/s² )
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To: DoodleBob

And since then he has been called upon by sovereign nations, the major investment institutions , and even US Congress to solve their financial issues.

Keep in mind, his AI super computer generates the ECM cycles, not him. The second movie about him releases the end of summer. Be sure to see it.


5 posted on 05/16/2025 9:46:42 PM PDT by delta7
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To: DoodleBob; catnipman; Williams; TexasGator
DoodleBob quoting: "Armstrong was indicted in 1999 and ordered by Judge Richard Owen to turn over fifteen million dollars in gold bars...
Under the terms of the agreement, Armstrong admitted to deceiving corporate investors and improperly commingling client funds—actions that according to prosecutors resulted in commodities losses of more than seven hundred million dollars—and was sentenced to five years in prison."

Armstrong was a fraud from the beginning and his Socrates AI forecasting & economic model is just one among many.
Major investment firms like Vanguard, Fidelity or Black Rock use AI machine learning & modeling that is orders of magnitude more data-driven and sophisticated in pattern recognitions than anything Armstrong could even imagine, must less construct.

As for predicting the disappearance of Ukraine, that is just Russian propaganda at work, nothing to do with AI predictive modeling.

The more likely probabilities for the end of Russia's invasions of Ukraine are as follows:

  1. 10% Ukraine will collapse & disappear
  2. 10% Russia will use nukes against Ukraine & western allies
  3. 40% Peace talks will end the war for the long term
  4. 40% War will continue until Russia's current leadership is gone and Russians give up the fight in Ukraine (similar to Afghanistan, 1979-1989).

38 posted on 05/17/2025 5:01:45 AM PDT by BroJoeK (future DDG 134 -- we remember)
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