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Yea - he's mainly backed by some bigger names. I think minimum unit of $2m in a new fund he set up (his second).

That's the base income. Also clips a % of winnings (30% on one fund, 45% on another fund)

Isn't that market manipulation in the sharemarket, given the intention was to create a false market?

According to the law that is. If stock market manipulation is theft, why isn't real estate market manipulation theft? If I posted a fake ad up now on domain or realestate.com.au to create the impression that rents in an area are higher than what they really should be, is that market...

Many giants have been bankrupt. John Elliott comes to mind. So does Eddy Groves. A very close friend of mine the other day was hanging out with a prominent sharemarket guru from the 1990s (the sort who shook the world and made headlines around the world briefly). The guy used to be worth...