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Submission + - Quantitative Hedge Fund Manager Released from Federal Custody (tminr.com)

An anonymous reader writes: Anthony J. Klatch II was indicted in July of 2011 of various federal charges stemming from a quantitative trading system he was running. He served a 60-month federal sentence, and as of today, December 5, 2014, he has been officially released from custody, and he has written a decent post explaining what he went through. He has been a Slashdot member going back to 2004, and his case was one of the first of its kind. What's more, Mr. Klatch was an entrepreneur who never had premeditated criminal intent, yet people like him, ended up going to federal prison while all the investment bankers of the world who caused tremendous harm in 2007-2009 remained free. So, I Ask Slashdot, would you give him a second chance?

Comment As a New Author (Score 0) 48

I have been getting several questions about my book, "The Market is not Random.," lately, and it is an amazing experience to engage with readers. Between posts on my blog TMINR, twitter messages, and general emails, it has been a tremendous learning experience.

As my book has breached the top 75 on Amazon's finance section, I have noticed that I am slowly approaching the "Tipping Point" as Mr. Gladwell lovingly pointed out, and I hope to one day fall off that edge to be in a position to gather my own group of questions from the /. community.

Comment Constitutional Irrelevancy (Score 2) 446

One thing I learned with going through the federal process (see my bio at The Market is not Random), is that the constitution is irrelevant and that the use of it becomes pure interpretation and loophole. I doubt that the current legal structure was anything close to the forefathers imagined, but never doubt that the governmental employees will utilize any and every loophole at its disposal to justify its actions. The oxymoron of united states government.

Comment Irrelevant (Score 1) 76

In some ways, I believe that the state of communications, globally, has already become monitored/recorded by governmental intervention, after what I witnessed through the federal system (See My Bio). The idea of bringing this down to the ISP level seems to be irrelevant with respect to what already exists. However, the purpose of purchasing access to the internet is to have a dedicated stream that is not capped. Those countries that allow this will fall behind the others.

Comment Lucky America (Score 1) 554

Although the world seems to focus on America, we must remember that aside from subsidized countries like Venezuela, Americans enjoy an average gas price that is much less than the global averages. That said, we must understand that the recent movement in crude prices is in direct correlation to the ongoing strategy that the United States has with choking off Russian monetary supplies. It's not a conspiracy theorist and as a pure market technician, which can be defined in my book The Market is not Random., the market foretold this sell off going all the way back to the swing sell in May...

Comment From the Inside Out (Score 1) 202

As someone who has been through the federal justice system, I advise any American to assume that every piece of communication is tracked and saved under the guise of security. It was amazing to me how much information and how many resources the government has the ability to utilize if it wants to target one person, and even if I do make full restitution to my victims, I do not know if I will ever feel free again - not because of my situation, which you can read at The Market is not Random - but because of the knowledge I gained from the inside out.

-Anthony

Comment Acceptance of Responsibility (Score 1) 320

It is an interesting position to be placed in, but it is always better to accept responsibility for one's actions. I had to do it as well as part of my case (http://tminr.com/the-book/) but it led to a better outcome had I not admitted wrongdoing and fought.

I hope all of the parties are able to step-up because, if they do, the end result will be a lot better for them.

Comment Re:As a Federal Inmate... (Score 1) 79

Actually, the average american deems that 2.6 years should be the length of any prison sentence regardless of crime if you via statistics from the United States Sentencing Guideline Commission surveys. That being said, I do not feel like voluntarily forfeiting every asset I owned, losing the woman I loved the most, and losing three years of my life is "getting off lightly." I have paid my debt to society, and I have full intention of paying full restitution to my victims as soon as possible.

Wouldn't it make sense for me to get back to work to pay these people back then to rot away in prison? Sometimes the logical ineptitude of the average person is quite shocking to deal with, and if I would've been punished for this same crime in various other countries such as the UK/Sweden/France/Australia, etc., I would have received much much less time.

Do your research.

Comment Re:As a Federal Inmate... (Score 1) 79

Unfortunately, the comments posted about me are what I have come to expect from people who are not completely familiar with my case or with the system. I have taken responsibility for my crimes, and I have done everything possible to try and fix my wrongs. This has included the publication of books - http://tminr.com/the-book/ - whereby the proceeds go directly to victims. It has included seminars to high schools, churches, and local YM/YWCAs.

The reality of my case is that, yes, I did wrong, but I never created or started any of my companies with the objective of theft. That said, I was merely trying to illustrate that this was a step in the right direction by a United States District Judge with respect to discussing the realities of the system with the populous.

Comment As a Federal Inmate... (Score 3, Interesting) 79

It is amazing to witness how various forms of recognition is attained from an inmate. Everything from phone privileges requiring voice recognition mapping to recurrent DNA swabs become part of the norm. Otherwise, the penalty for disobeying these "rules" is a multi-week stay in the "hole."

It's unfortunate that someone with my education and my level of life experience had to experience federal incarceration, but the rebuilding of one's life also requires a public spread of what is and what is not the reality of the system. See my story: http://tminr.com/bio

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