Jim Cramer Fraud? SEC Investigates TheStreet.com

nypost.com:

TheStreet.com, the financial Web site founded by loudmouth stock picker and TV personality Jim Cramer, is being investigated by the Securities and Exchange Commission.

Read the whole story: nypost.com

Comments

[alicewood]

03:19 AM on 03/24/2010

According to a report that I ordered at http://tenantscreeningbackgroundcheck.com I see that Cramer lives at

4 WHITTREDGE RD
SUMMIT, NJ 07901-2812

A $3.5 million dollar house.

Does anyone know if REMARC INVESTMENTS, LLC out of PA is his "charitable trust" ?

[FreedomCorpse]

07:56 AM on 03/22/2010

better way late than never I guess ... like madoff and everything else related to wall street.

[ranthny]

03:15 AM on 03/22/2010

Jim and his co-hort, Maria B. , were the biggest and gushiest cheerleaders leading up to this whole financial mess. Why anyone listens to them is beyond me!

[Buddy Hamms]

07:10 PM on 03/21/2010

I mean people should have noticed from the beginning. This guy never recommends stocks when they at the bottom. Then when the stock picks up he brings on the CEO and boast's how good the company is doing and recommends the stock. Investors go after that stock, the prices jumps 15% people think they made money but at the same time the insiders/big investing firms dump the portion that they originally invested, people get stuck with high priced stock firms/insiders have free stock. Prime example Lehman and AIG. I feel sorry for the folks that bought AIG at 70 dollars...ouch. I hope this guy goes to jail or they take him off air.

[NevaforLeadership]

09:41 AM on 03/21/2010

This man should have been personally investigated when he publicly boasted on video, aired by the original network and the HP that, when he was a hedge-fund manager, he attempted to manipulate stock to profit by talking a stock/company up or down.

[Margo Arrowsmith]

07:41 AM on 03/21/2010

The SEC needs you talk to Jon Stewart's team because they have already done all the work.

[nogimmicks]

09:14 PM on 03/20/2010

Scamming was very tempting when everybody around him was doing exactly that. This whole class of Wallstreet speculators and their associates are useless parasites. Kramer should learn a useful skill. But the idea that SEC will do anything is questionable. SEC, pay-tzar, the Fed, Treasury, Budget Office , - all represent the banker-wallstreet interests exclusively.

[AirViceMarshalPark]

02:30 AM on 03/20/2010

After the SEC finishes investigating Cramer. the American Psychiatric Association would like a turn.

[isaidit]

01:58 AM on 03/20/2010

Jim, it's time to go back to Jon Stewart for a refresher session.

[Winston120]

08:18 PM on 03/19/2010

Boo yah from Sing-Sing

Cramer preaches that the stock of good companies will always rise. He never addresses the rigged game it all is. He sets small investors up to be clobered by the legalized theft of WS. He feeds lambs to the lions, that is what his show is about in reality.

Jim has a lot to answer for even if this stuff is false.

[Mattplastik]

04:31 PM on 03/19/2010

Nawwww....Really?! who would have guessed?? (sarcasm)

[studmoose]

01:58 PM on 03/19/2010

It's about time!

What took them so long?

[delta7777]

01:53 PM on 03/19/2010

LEAVE HIM ALONE!!!

HE IS ONE OF THE BEST ENTERTAINERS ON TV!!!!

[ProfessorDuh]

01:12 PM on 03/19/2010

Remember when Jon Stewart eviscerated Cramer in an interview? Here was poor Jim Cramer, a respectable ranting loon shilling for Wall Street fatcats on television, and along comes Stewart and MAKES FUN OF HIS GREEDY, CORRUPT LYING. Poor Cramer. Life is just SO unfair.

[Kingfrog]

12:28 PM on 03/19/2010

The national GDP growth is 5.7% . Business investment is up EXPORTS and INVENTORIES are what is driving the GDP the most. and Bouncing back..This is good for FUTURE job growth and isif youu look atall recessions from 1960 to now the metrics are the same.

JOBS ALWAYS follow the stock market going UP and or down. Employment is a coiled spring. We lost 50% more jobs than the economy suggested. Businesses were planning for a lot worse and wll be hiring soon. This will be good for Obama and I think this is why he did not go after jobs,,,,,,He is listening to to those who have looked at past recessions. As jobs go up. MORE taxes are paid into the Government. This is where Clinton was able to achieve a balanced budget (although the talking pointthe "surplus was a myth)