Pump And Dump Schemes Are Now Legal! 

Use PATRICK activation code at nordpass.com/patrick to get a NordPass Business free 3-month free trial.No credit card is required.

As a Scottish Lord with real estate on the moon, I doubt that I shall ever succumb to a scam as pedestrian as a "pump and dump".

According to this Texas court, pushing someone off a roof is not murder because it is not the horizontal movement that kills.

it's only a financial crime if you steal from people/orgs richer than you.

Judge "you shot him dead sir" Defendant "no, the bullet killed him, I was just giving my gun a little hand hug" Judge "case dismissed"

What's the going price of a Texas judge these days, anyway? $500? $1000? A Big Mac and a line of coke?

Steal from the poor, get rich. Steal from the rich, get hammered.

Best judicial system money can buy!

As a fraudster, what I need to know is how do I make sure my dastardly scheme falls under Texas jurisdiction?

Your deadpan cynicism and straight-faced sarcasm is golden. Keep it up.

The judge is not a “Texas” judge, i.e. a judge in a Texas STATE court, but a FEDERAL judge in a Texas jurisdiction.

I read up on the case and the reasoning behind dismissing it. The judge cited Greenlaw and Cimenelli as precedent. His argument was that "deceit" is not enough to convict for fraud; you need to deprive people of money or property. Since the followers did not give money directly to the influencers, it's not a crime. So fraud is a-ok as long as you launder the money. You can thank the Supreme Court and the Fifth Circuit for that one. Happy pump-and-dumping!

>gain money that someone else loses “you’re honor i wasn’t trying to make them lose money just make myself gain money”

Came for information, left without any legal rights

I can see this Texas court deciding the following: "K wasn't responsible for V's death, because K only fired the gun. The bullet had to travel the distance from the barrel of the gun to V, which is determined by physics. Then the bullet had to penetrate V's skin. K is clearly not responsible for physics or the failure of Vs skin to be impervious to bullets. The bullet was too far removed from K for V's death to be K's fault."

Can't believe I terminated all my legal rights watching this

This reminds me of the Margin Call distinction, "You are selling something which you know has no value", "No, we are selling to willing buyers at the current fair market price".

Finfluencers always wear sunglasses so you can't see their dead eyes.

I think it's time to promote "A Texas Court" to the same level as "A Florida Man."

_”…Due to their terrible grammar and spelling.”_ … Comedy gold Patrick.

There seems a fundamental flaw in the US fraud offences. From what I understand of the UK offence of fraud, all that is required is that the defendant gains from their misrepresentation, and their is no need to identify a victim or causation of the victim's loss.

The US judicial system is the best money can buy

Apparently their defense was "it's just a prank bro"

The white on white only works because you're a rapper, Patrick.

"the only thind investors were deprived of was accurate information necessary to make discretionary economic decisions" wow, like it's not the most important thing in the equation

It is very sad. When I just started discovering stock investing and trading, I fell a victim of pump and dump scheme. I knew absolutely nothing about it. I didn’t know much about price actions and how short selling worked, etc.. So, six months later, after I lost huge money (for me) on that scheme, interactive brokers restricts me from trading some stocks. As a result, I started trading some options and lost money. So, I totally moved to another platform. Screw IBKR. I called them. They told me probably it was because of my “involvement” in that scheme where I was a victim. I didn’t have my phone then so couldn’t confirm my identity for the moment, so I didn’t continue with details. So, pump and dump will continue to be legal unless these thousands of scammers scamming people of billions of dollars get punishment that they deserve, and not a tap on their hands. The judge should be imprisoned. The judge definitely was bribed.

Come for financial news, stay for the firehose of sarcasm.

Pro tip; Finfluencers hate you and would steal the last piece of food out of your starving mouth without blinking an eye.

I think people fall for this,it's not because they don't know it's a scam,but because they think they can get out before it collapses and they smarter than other people

Remember, if influencers tell you to buy, it's time to sell.

This is my favourite hip-hop news channel!

According to this judge......if a thief points a gun at you, and you give him your money, this is not robbery, because you gave your property directly to the thief.....

I hope no one ever lands in front of such a buffoon judge, like, there's 'being wrong' and then there's 'being fundamentally wrong'.

They didn t wanted banks to be condemned for selling knowly unhealthy products to their own customers

*America is falling apart, in large part, because of judges in Texas. We gotta address this issue. Look into how manipulative Texas is with their federal judges for example.*

Really gotta hand it to Patrick on his sense of humor

This channel is underrated af. High IQ humour while explaining something that should bore people to death.

Absolutely disgusting. How is scamming people of their money, and like the livehood, not "causing damages"?

If there is anything we can count on in the USA, it is that we can be 100% sure our government will be totally feckless and uninterested in helping the average American in any manner.

Andrew Hanen: On January 23, 2002, he was nominated by President George W. Bush to a seat on the United States District Court for the Southern District of Texas.

Last week: New laws to stop politicians from insider trading? This week: Pump & dump now legal

I am seriously impressed by solid 20 minutes of spite and sarcasm, and all of it is fully understandable, like what the actual fuck!

I think your jacket is more of a "Florida Real Estate Scammer " vibe.

I’m 5 mins in and he hasn’t told me which stock to buy or when the albums dropping

CEOs have, and are doing pump and dumps daily.

Thanks for taking the time today. Was a real kick meeting you!

I feel it is important to point out that a trial court does not set precedent in the US. Just because one judge throws out a case does not mean the next judge won't throw the book at a pump and dump scheme. I bet the prosecutor will appeal the dismissal and refile the case. This really isn't too different from the postal worker who won a dismissal for charges of carrying a firearm in the post office. The trail court ruled that was constitutionally protected but that ruling doesn't apply to anyone else. EDIT: Typo, since y'all care so much.

Ah yes the "Don't know, don't care, sucks to be you" defense. I think Elon's used that important legal principle to win a couple of lawsuits.

Mr Boyle! Dry as a martini…funny as a hip fracture!! Love this guy

Informative as this is, it leaves unanswered the question as to whether Patrick can really get away with that jacket.

Just finished watching the video and I lost all my hair. I'd sue if I still had any legal rights.

Thanks to our growing list of Patreon Sponsors and Channel Members for supporting the channel. www.patreon.com/PatrickBoyleOnFinance : Paul Rohrbaugh, Douglas Caldwell, Greg Blake, Michal Lacko, Dougald Middleton, David O'Connor, Douglas Caldwell, Carsten Baukrowitz, Robert Wave, Jason Young, Ness Jung, Ben Brown, yourcheapdate, Dorothy Watson, Michael A Mayo, Chris Deister, Fredrick Saupe, Winston Wolfe, Adrian, Aaron Rose, Greg Thatcher, Chris Nicholls, Stephen, Joshua Rosenthal, Corgi, Adi, maRiano polidoRi, Joe Del Vicario, Marcio Andreazzi, Stefan Alexander, Stefan Penner, Scott Guthery, Luis Carmona, Keith Elkin, Claire Walsh, Marek Novák, Richard Stagg, Stephen Mortimer, Heinrich, Edgar De Sola, Sprite_tm, Wade Hobbs, Julie, Gregory Mahoney, Tom, Andre Michel, MrLuigi1138, Stephen Walker, Daniel Soderberg, John Tran, Noel Kurth, Alex Do, Simon Crosby, Gary Yrag, Dominique Buri, Sebastian, Charles, C.J. Christie, Daniel, David Schirrmacher, Ultramagic, Tim Jamison, Sam Freed,Mike Farmwald, DaFlesh, Michael Wilson, Peter Weiden, Adam Stickney, Agatha DeStories, Suzy Maclay, scott johnson, Brian K Lee, Jonathan Metter, freebird, Alexander E F, Forrest Mobley, Matthew Colter, lee beville, Fernanda Alario, William j Murphy, Atanas Atanasov, Maximiliano Rios, WhiskeyTuesday, Callum McLean, Christopher Lesner, Ivo Stoicov, William Ching, Georgios Kontogiannis, Dru Hill, Todd Gross, D F CICU, JAG, Pjotr Bekkering, Jason Harner, Nesh Hassan, Brainless, Ziad Azam, Ed, Artiom Casapu, Eric Holloman, ML, Meee, Carlos Arellano, Paul McCourt, Simon Bone, joel köykkä, Alan Medina, Chris Rock, Vik, Fly Girl, james brummel, Jessie Chiu, M G, Olivier Goemans, Martin Dráb, Boris Badinoff, eliott, Bill Walsh, Stephen Fotos, Brian McCullough, Sarah, Jonathan Horn, steel, Izidor Vetrih, Brian W Bush, James Hoctor, Eduardo, Jay T, Claude Chevroulet, Davíð Örn Jóhannesson, storm, Janusz Wieczorek, D Vidot, Christopher Boersma, Stephan Prinz, Norman A. Letterman, georgejr, Keanu Thierolf, Jeffrey, Matthew Berry, pawel irisik, Chris Davey, Michael Jones, Alfred, Ekaterina Lukyanets, Scott Gardner, Viktor Nilsson, Martin Esser, Paul Hilscher, Eric, Larry, Nam Nguyen, Lukas Braszus, hyeora,Swain Gant, Kirk Naylor-Vane, Earnest Williams, Subliminal Transformation, Kurt Mueller, KoolJBlack, MrDietsam, Shaun Alexander, Angelo Rauseo, Bo Grünberger, Henk S, Okke, Michael Chow, TheGabornator, Andrew Backer, Olivia Ney, Zachary Tu, Andrew Price, Alexandre Mah, Jean-Philippe Lemoussu, Gautham Chandra, Heather Meeker, Daniel Taylor, Nishil, Nigel Knight, gavin, Arjun K.S, Louis Görtz, Jordan Millar, Molly Carr,Joshua, Shaun Deanesh, Eric Bowden, Felix Goroncy, helter_seltzer, Zhngy, lazypikachu23, Compuart, Tom Eccles, AT, Adgn, STEPHEN INGRA, Clement Schoepfer, M, A M, Dave Jones, Julien Leveille, Piotr Kłos, Chan Mun Kay, Kirandeep Kaur, Jacob Warbrick, David Kavanagh, Kalimero, Omer Secer, Yura Vladimirovich, Alexander List, korede oguntuga, Thomas Foster, Zoe Nolan, Mihai, Bolutife Ogunsuyi, Old Ulysses, Mann, Rolf-Are Åbotsvik, Erik Johansson, Nay Lin Tun, Genji, Tom Sinnott, Sean Wheeler, Tom, Артем Мельников, Matthew Loos, Jaroslav Tupý, The Collier Report, Sola F, Rick Thor, Denis R, jugakalpa das, vicco55, vasan krish, DataLog, Johanes Sugiharto, Mark Pascarella, Gregory Gleason, Browning Mank, lulu minator, Mario Stemmann, Christopher Leigh, Michael Bascom, heathen99, Taivo Hiielaid, TheLunarBear, Scott Guthery, Irmantas Joksas, Leopoldo Silva, Henri Morse, Tiger, Angie at Work, francois meunier, Greg Thatcher, justine waje, Chris Deister, Peng Kuan Soh, Justin Subtle, John Spenceley, Gary Manotoc, Mauricio Villalobos B, Max Kaye, Serene Cynic, Yan Babitski, faraz arabi, Marcos Cuellar, Jay Hart, Petteri Korhonen, Safira Wibawa, Matthew Twomey, Adi Shafir, Dablo Escobud, Vivian Pang, Ian Sinclair, doug ritchie, Rod Whelan, Bob Wang, George O, Zephyral, Stefano Angioletti, Sam Searle, Travis Glanzer, Hazman Elias, Alex Sss, saylesma, Jennifer Settle, Anh Minh, Dan Sellers, David H Heinrich, Chris Chia, David Hay, Sandro, Leona, Yan Dubin, Genji, Brian Shaw, neil mclure, Jeff Page, Stephen Heiner, Peter, Tadas Šubonis, Adam, Antonio, Patrick Alexander, Greg L, Paul Roland Carlos Garcia Cabral, NotThatDan, Diarmuid Kelly, Juanita Lantini, Martin, Julius Schulte, Yixuan Zheng, Greater Fool, Katja K, neosama, Shivani N, HoneyBadger, Hamish Ivey-Law, Ed, Richárd Nagyfi, griffll8, Oliver Sun, Soumnek, Justyna Kolniak, Vasil Papadhimitri, Devin Lunney, Jan Kowalski, Roberta Tsang, Shuo Wang, Joe Mosbacher, Mitchell Blackmore, Cameron Kilgore, Robert B. Cowan, Nora, Rio.r, Rod, George Pennington, Danial Ramzan, Sergiu Coroi, Nate Perry, Eric Lee, Martin Kristiansen, Gamewarrior010, Joe Lamantia, DLC, Allan Lindqvist, Kamil Kraszewski, Jaran Dorelat, Po, riseofgamer and Yoshinao Kumaga.

Oh my god, everything is awful and getting worse by the minute. We're so fucked.

I am disappointed at the lack of rap content this far into the video -

Key take away, the more sociopathic you are, the less fraud you are committing because complete indifference to other people losing all of their money is not intent.

Lots of illegal stuff that is accepted or tolerated by the establishment...especially if big money is involved. Monopolies, functional rackets like HMOs, bundled cable, trust funds which are fake companies, automatic/forced software updates and alterations to stuff you bought after the fact, surveillance, pump n dump, stock buybacks are all illegal by our laws already on the books. There is also such a thing as spirit of the laws and justice as well. Even private law firms are questionable legal as they create an obscenely unequal representation under the law. If we had lawyers worth their salt and a legal system uncorrupted, these would all be successfully challenged. Acceptance does not mean legal.

"You can't make motivational speeches about how everyone slowly got tired of you and moved on." ^^

I read the judge's document and it was dimissed without prejudice so the case can be retrialed. Hopefully prosecutors are able to do so and get charges to stick

Fraud is usually considered a crime. LOL

we are truly living in the scam age

So, as long as a publicly traded firm is not in the process of issuing new shares, it is OK for the CEO and CFO to lie on earnings calls and in other public information? This will not work.

The disclaimer he flashed on the screen at 9:22 is the best and funniest part of the video. 😂😂 Definitely worth hitting the pause button to read. He should have made this more prominent.

How long until SCOTUS declares the SEC is unconstitutional? I give it 3 years if unabated.

Patrick be looking dapper hes got better fashion than gurus and finance bros

"The legal advice provided in this video is not legal advice." 🤣

The podcast was just like a Wall Street Bets comment section in the form of a conversation.

It’s also been working great for Tesla….

Ah the "This is not financial advice" defense

Probably the judge was like " Whoever is so stupid to believe those clowns, then they deserve to lose their money. Finfluencers innocent, case dismissed."

“You see judge, I did not commit a murder. I was simply firing my *legal* gun, and I was completely indifferent to any potential victims”

This guy might be the funniest person on RU-vid. He has such great delivery.

Steal from the poor, get rich. Steal from the rich, get hammered..

Another example of why no Texas federal court decision should ever be used for anything accept toilet paper.

THAT suit ! ❤ (can't let it go unmentioned... wont let it go unmentioned)

This Cimmenilli case is insane

OK, it took a bit of work but freeze framing the “legal disclaimer” cleverly hidden in the video is absolutely worth it. Bravo, Patrick! Everyone, watch very carefully (intentionally not revealing where it is) …

If it wasn't legal to hype up worthless stock so you can sell your shares at an inflated price Tesla would have gone out of business long ago.

The Crocodile of Pump and Dump

For what it's worth; the Judge has a point -- SCOTUS wants to say a bribe isn't a bribe, he's making the point that fraud isn't fraud. SCOTUS got it wrong and he's just following through with their logic.

This should be ILLEGAL, our court system is clueless

Has the US considered ignoring this "supreme court"? Seems like it doesn't make decisions in the best interests of humanity.

Having now worn the snappiest jacket on the tube you have now backed yourself into a corner, where next? I'm already giddy with anticipation of the next video

Patrick Boyle: the dapper rapper. 🙂

Important question. Can I use my Volvo as basis for a pump and dump? It is a diesel. I think Volvo stopped making diesels, so there are a finite number of them and that number will only decrease with time.

Nice! How can I get in on this? Do you sell an expensive course I could sign up for? MLM, click funnel, maximize my downstream kind of courses?

Mr Boyle you did it again. I learn a lot while I laugh with your comments at the same time , regards from Chile

As a former fraudster myself, that jacket is fire.

Wooooooo the jacket threw me off guard. Patrick, you are a rap fashion icon.

It's basically increasing perceived value of a thing you wanna sell, through means of promotion, which is common practice. The problem is when you lie about selling and pretend you're actually buying. That's undeniably a fraud

Patrick, you should consider taking a suit sponsorship.

I know a certain orange someone who loves the pump and dump scheme. So much so I would ask if the Judge who made this ruling didn't have him in mind when making it.

Every conservative legal "mind" in the US has seemingly lost their mind.

ok but can we talk about Patrick's drip being extra fresh

I might like this jacket more than the red velvet one. Red is out, vertical stripes on white are in!

perfect disclaimer, Patrick

Brilliant rap analysis as always, Patrick!

this news has got me PUMPED for the upcoming texas stock exchage

Glad to see your matching those scammers energy with your new thumbnail

Can't knock the hustle.

Patrick, i read your full disclaimer and now there's a man in a British officer's uniform demanding that I lodge and supply his regiment in my home. Please help.