Martin Grunin - Facebook Ads Fraud - Bank Fraud - mgrunin

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Gru just made the WSJ...

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Darn shame it wasn't for his automated trading system.
 
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bluechinagroup said:
Indeed. Mgrunin made his criminal acts very public. He can't help himself. His ego needs the attention because deep down he feels very insecure about himself.

Also I think Mgrunin was really hoping for some good luck in his trading thread so that he can show off some big financial upswings from his trades and then scam people by selling his useless trading software.
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Spot on 100%, kind of like Leo in >catch me if you can<. I am curious...what type of time if any do you think he is looking at?
 
g1c9 said:
Thank you.
..
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uhm....

coca-cola, mcdonalds/BK/KFC sell outright poison to kids. Make billions.

Tabaco companies make billions selling literary poison.

Google, ATT, Apple, Samsung, Verizon fined by FTC for deceptive marketing, anti-competition practices, you name it.

That's the most valuable brands in the world, right there. People love 'em.

Big banks.... do I need even to start? Just one example - goldman sachs owns the 3 big suppliers of aluminium so it makes them broker thousands of tons to each other. In the real world they move the aluminium 10 yards and back.... a thousand times a year. On paper though, they make each soda can cost a fraction of a cent more. The result - billions in profits each year, fabricated out of thing air, simply because they can. You can read it in the Times, if you wish.

Humans are animals. We just have forks. You're either a lion, or the lamb.

As for that dumb ass Grunnin, you all give him too much credit for his "smarts". Simple wire fraud. Bitcoins, trading, cars, articles = his hope to make some guru money so he can pay FB back and then some. Tough luck on his trades. It seemed like some people would have fallen for it.
 
Ha!

This article on the wolf of wickedfire is quoting WF - http://www.thewire.com/technology/2...ms-facebook-for-hundreds-of-thousands/371503/
A recent St. Francis College graduate who thought he could outsmart Facebook for some major financial gains, is now being hit with a lawsuit worth hundreds of thousands of dollars. Martin Grunin, a wannabe "Wolf of Wall Street," according to the New York Post, told his school newspaper that "money drives me completely" in an interview about him being "already being a financial trader." He now faces jail time for an elaborate scam involving Facebook's ads.

Grunin, 22, convinced Facebook representatives to open high spending limit advertising accounts with him. He did this by posing as an executive at major marketing firms, like Imprezzio Inc, and even created fake bank records, email addresses, and company papers to match. After he had Facebook convinced and the accounts were open, he re-sold the ad space for thousands of dollars. He even sold the space to fellow scammers. Facebook estimates he earned about $350,000 and never paid Facebook a dime.

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Details of Grunin's 2011 Cease and Desist Via Wicked Fire
Facebook has been following Grunin's actions since 2011. Grunin was a regular user of Wicked Fire, posting in the affiliate marketing forum about his business schemes. On March 9, 2011, he posted that Facebook had sent him a Cease and Desist. He discussed the email he received at that time from Facebook's legal counsel with his fellow forum members, and said "I'm just going to comply and not get into any conversation with them." As it turns out, Grunin did not comply, and this time around, Facebook hand delivered a Cease and Desist order to his father's home — where Grunin reportedly still lives.


Martin's list of accomplishments, in his own words.
Facebook has since shut down around 70 accounts which Grunin used for his ad sales scheme. Though it seems he was making the majority of his money on ad sales, he had created a digital personality as a trader. He was leading the life of an e-Wolf of Wall Street, complete with a rented orange Lamborghini and YouTube videos boasting about successful trades.
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Grunin even told his school newspaper — remember, he was gettin' money at the ripe old age of 19 — “I’ve gotten so used to just being able to go anywhere without looking at any price tags." Now all that money can be spent on legal counsel, and repaying his debts to Facebook.

Check out the lawsuit in full below. This pup-of-not-quite Wall Street is in for a bumpy ride:
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g1c9 said:
Just be poor. So what?
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I don't want to. I've been poor. I am poor. It's not fun.

As a consequence I have lots of things to prove. Mainly to myself, a few things to others. Dreams are not free, contrary to the popular belief.
 
momchil9 said:
I don't want to. I've been poor. I am poor. It's not fun.

As a consequence I have lots of things to prove. Mainly to myself, a few things to others. Dreams are not free, contrary to the popular belief.
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Dreams are free, it's realizing those dreams that isn't.
 
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g1c9 said:
You're rationalizing by saying that life is not fair, everyone else does bad things, etc...
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g1c9, i hear ya, and everything you posted is true. but it'll never end when you keep peeling the onion. you'll ultimately end up having to wax philosophically about what financial system or society would be the best/most "moral" or fair ;) :p capitalism? 'buy low sell high' seems to be a con and/or deceptive at the get-go. on the otherhand it's a system that's at least 'out in the open' for everyone to see the con game. communism? on paper it sounds great, but in reality? well...wouldnt wanna ever move to a communist country. not to mention it seems to lead to financial transactions that's not 'out in the open' like bribes, etc.

anyhoo, im always open to suggestions/solutions if you have any ;) im all ears.
 
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