American Greed: Party Boy VC Hit by the DOJ

[RagingBull Elite]( Undefined, If Kyle Dennis took a shot every time a millennial committed fraud, his liver would give out before the end of the year. Taking that into consideration, it’s nice to see a double shot serving of justice being served up to one party boy venture capitalist in particular. His name is Michael B. Rothenberg. The Harvard application of this 36-year-old is probably one the ivy league wished it trashed, though at the time it looked like a shining star. Now, Rothenberg may not look like your typical “smart money” player. But that doesn’t hold Kyle back from [taking advantage of traders just like him in his Dollar Ace service.]( Before we show you how Kyle’s doing that, let’s see if Rothenberg still has the itch to party in prison…. Ivy League Tech VC Turns to the Dark Side... Rothenberg founded and managed an investment firm while getting one of the most elite educations in the country. His company, Rothenberg Ventures Management Company (RVMC), had at its height $64 million under management with over 200 clients. And for 2 years Rothenberg seemed to actually have a conscience. He peaked investors interest with his innovative investing. He touted an ability to get in on tech companies in their infancy, including an area of growing interest by many teens— virtual reality. Then 2014 rolled in like a summer storm, thoroughly blowing Rothenberg’s morals out with it. Rothenberg started slowly. He made false statements about his finances to his bank while refinancing his home. But this $300,000 loan would be the first ill-gotten gains for the 36-year-old— money that he proceeded to sllllllide right into one of his funds instead of his home. 2015 Was When Things Went Buck Wild... Rothenberg took money from one of the RVMC funds he managed. As a result, by the end of the year, the fund fell short. Instead of confessing to his investors, he employed a ridiculous scheme. He turned to the bank yet again. This time he was after a $4 million line of credit to pay back the funds he skimmed by charging excessive fees. And of course, he had created a whole new web of lies to get his hands on these bank funds... Over the next year, he charged more and more fees and invested less and less of investors’ funds. During this time, Rothenberg continued to role play as the responsible owner of RVMC. By Early 2016, Rothenberg Upgraded His Scam to Full-Blown Thievery One of RVMC’s investors handed over $2 million to invest in Rothenberg’s virtual reality company. Instead of being a good boy and being true to his word, Rothenberg used most of the money for other things. In July 2016, Rothenberg scammed another 5 investors. He convinced the group to wire him a total of $1.35 million. The ruse? Rothenberg would be investing in a privately held software company, one that not just anyone could get in on. The same day the money hit the RVMC investment account, he transferred it to the company’s main account. Not even a single dollar went to investing in the software company. It was this very month someone in his firm blew the whistle. The SEC Takes Note... After Rothenberg learned he was under the SEC’s microscope, he never straightened up his behavior. He continued his nasty money habits. In total, Rothenberg charged his clients about $7 million in excessive fees— fees that dated back his supposedly innocent time in 2013! But that $7 million was only a fraction of the whopping $18.8 million he obtained through his shady behavior. So what the heck was this scumbag spending money on that was worth risking jail time? Paying legal bills, making credit card payments, covering the RVMC’s ever-growing expenses... And financing his company, River Studios… which meant sinking investors’ money into a virtual reality accelerator, an online store, a production studio, and ………. a racing team. Things Get Sexy... Rothenberg was also known for his very public and extravagant lifestyle. He leased a suite at the Golden State Warriors arena for several seasons. He got a box at Super Bowl 50. He rented out the San Francisco Giants Stadium for an event…. one which INSPIRED a scene for HBO’s Silicon Valley. Rothenberg also had a taste for throwing wild parties and events at high resorts with VIP guest lists. Everything Ends Badly... The SEC was the first to get a hit on Rothenberg in 2018. Early that year, the SEC finally nailed with a $31 million combo of disgorgement, penalties, and prejudgment interest. Rothenberg agreed to be barred from the securities industry, granted that he could reapply in 5 years. But he might be out of luck with this newest tag-team effort. The DOJ has just stepped into the ring with Rothenberg, charging him with 23—yes 23— crimes. If he gets the maximum penalty for all his many crimes, he could very well spend the rest of his days behind bars. Rothenberg is currently out on a $250K bond. But that could change shortly with his next date with the judge. How To Follow The “Smart Money” This Week Dirty players like Rothenberg may not seem “smart” when everything is said and done. But believe it or not, we can learn a lot— and make a lot of money— by potentially identifying their moves. How? [A special scanner that hunts down unusual options activity.]( Kyle Dennis discovered it after dishing out thousands and thousands of dollars on financial data, realtime feeds, and subscriptions. Whether or not these moves are made ahead of some important news events by dirty players and “insiders” like Rothenberg, we could never be certain. But after seeing these trades work out countless times, it’s clear how the risks can be worth the while for Kyle Dennis. The potential payouts, over such a short period of time, can be quite remarkable. Kyle wants to teach traders how to use the scanner in his upcoming event. [Join Kyle’s upcoming “smart money” trading workshop here.]( [Alternate text] [A Better Way To Buy The Dip?]( By Jason Bond of Weekly Windfalls [Alternate text]( [How I Handled The Market Rout]( By Jeff Williams of Penny Pro [Alternate text]( [Butchering Shakespeare, But Still Making Money]( By Jeff Bishop of RagingBull Investor [Alternate text]( [3 Technical Indicators You Can’t Ignore]( By JC Parets of Chart Hunter [Alternate text]( [Necessary Pullback, Or The Start Of A Selloff?]( By Jason Bond of Jason Bond Picks [Alternate text]( [This Dark Pool Stock Didn’t Hear About The]( [Recent Market Selloff]( By Ben Sturgill of Daily Profit Machine [Alternate text]( To Your Success, The RagingBull.com Team *Past performance is not necessarily indicative of future trading results, and the results presented in this communication is not necessarily indicative of future results, and the results presented in this communication are not typical. Investing in securities is speculative and carries a high degree of risk; you may lose some or all of the money that is invested. RagingBull, LLC 62 Calef Hwy. #233, Lee, NH 03861 [Click Here to stop receiving emails from support@ragingbull.com]( [Unsubscribe from all RagingBull emails]( DISCLAIMER: To more fully understand any Ragingbull.com, LLC ("RagingBull") subscription, website,application or other service ("Services"), please review our full disclaimer located at [(disclaimer. FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NOT INVESTMENT ADVICE. AnyRagingBull Service offered is for educational and informational purposes only and should NOT beconstrued as a securities-related offer or solicitation, or be relied upon as personalizedinvestment advice. RagingBull strongly recommends you consult a licensed or registered professional before making any investment decision. RESULTS PRESENTED NOT TYPICAL OR VERIFIED. RagingBull Services may contain information regarding the historical trading performance of RagingBull owners or employees, and/or testimonials of non-employees depicting profitability that are believed to be true based on the representations of the persons voluntarily providing the testimonial. However, subscribers' trading results have NOT been tracked or verified and past performance is not necessarily indicative of future results, and the results presented in this communication are NOT TYPICAL. Actual results will vary widely given a variety of factors such as experience, skill, risk mitigation practices, market dynamics and the amount of capital deployed. Investing in securities is speculative and carries a high degree of risk; you may lose some, all, or possibly more than your original investment. RAGINGBULL IS NOT AN INVESTMENT ADVISOR OR REGISTERED BROKER. Neither RagingBull nor any of its owners or employees is registered as a securities broker-dealer, broker, investment advisor(IA), or IA representative with the U.S. Securities and Exchange Commission, any state securitiesregulatory authority, or any self-regulatory organization. WE MAY HOLD SECURITIES DISCUSSED. RagingBull has not been paid directly or indirectly by the issuer of any security mentioned in the Services. However, Ragingbull.com, LLC, its owners, and itsemployees may purchase, sell, or hold long or short positions in securities of the companies mentioned inthis communication.