The Times reports that 25 Hedge Fund managers made $11.6 billion in '08.
Get Rich Cheating Says: Run a hedge fund!
Not a reserve of cash to pay your gardener, hedge funds are big green bales of cash separating the lawns of prosperity from the sidewalks of poverty. Their managers gets at least 1% of the value of the fund, regardless of how it performs, then another 20% of the profit.
It's easy pickings:
Manage a $1 billion hedge fund, so get 1% ($10 million) off the top. If you make no money, take that $10 mill. Or, lie and say the fund made $100 million, then take 20% ($20 million) of that. Or, steal the whole $1 billion, and take the $10 mill, too.
(What do you do later when people question your numbers? That's right, you restate your past financials, declare bankruptcy, get immunity from your Congressional friends, and move to Turks & Caicos!!! Hooray!)
You'll be the envy of your smarter, more experienced, harder-working friends. Your poor friends.
Jeff Kreisler's first book, "Get Rich Cheating," is now available for pre-order.
"Just by reading this book you'll earn an asterisk next to your name. You'll be laughing all the way to the bank, assuming other cheaters haven't forced it into bankruptcy yet"
- Rachel Maddow (MSNBC)