Part 2.
Crook of the Month: Martin Armstrong
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According to Armstrong’s allocution, after he suffered “some millions of dollars of trading losses”, he decided “not to disclose to investors that …. Substantial losses had been experienced in this trading of futures. And we did not disclose it.” Armstrong also admitted that his concealment of his losses went beyond non-disclosure: “letters were sent by my company to investors concerning how much money was in fact in the accounts assigned to them. I … did send out those letters, even though I knew the amounts in the accounts were less than the letter stated.”
You wan't to send him money. Go ahead!
It is interesting that today we discover the same behavioral pattern in the output of the Socrates source code:
https://bitcointalk.org/index.php?topic=1082909.msg51666429#msg51666429In the same way, the behavior goes beyond concealment. The failure to execute a signal is turned into the opposite: The claim that execution occurred is manufactured in the reports that Martin Armstrong repeats in his private blog, tricking the reader into believing that the system would have generated a profit had the reader bought the subscription and executed the signal that did in fact not even exist. A computer program lies about its own (lack of) performance.
Martin Armstrong is a charlatan, and he spent 11 years in jail for a reason.
Read this blog
starting at page 273 to find out more about computerized fraud.
See
armstrongecmscam.blogspot.com for a more compact view of major findings posted in this blog.