Jonathan Lebed

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Jonathan Lebed (born circa 1985) is an American who, in 2001 as a teenager, made hundreds of thousands of dollars by going into internet chat rooms and encouraging people to buy stocks he already owned. The U.S. Securities and Exchange Commission under Arthur Levitt prosecuted him. However, out of fear of losing the case, the SEC settled out of court and allowed him to keep most of his earnings ($500,000 out of almost $800,000). The case was controversial — the SEC had never prosecuted a minor — and produced significant media interest. Despite the negative press and SEC inquiry, Lebed continues to trade actively; he also sells his trading advice through a newsletter.

[edit] External links

• A New York Times online article mirror, "Jonathan Lebed: Stock Manipulator, S.E.C. Nemesis — and 15
• Jonathan Lebed's website