Shia LaBeouf: Sage investor or InterOil dupe?

March 26, 2010 by  

So who do you get your stock tips from, these days? How about 23-year-old actor Shia Labeouf? Yes, in studying for his role in the upcoming film “Wall Street 2,” Labeouf spent time at John Thomas Financial. At John Thomas, InterOil (IOC) is their “favorite energy stock.”

So guess which stock LaBeouf is praising?

“IOC’s momentum is major, and it will surprise to the upside,” texted LeBeouf to a GQ writer.

That InterOil is beset with controversy, lawsuits, and a distinct inability to find proven reserves of oil or natural gas doesn’t seem to dissuade the young actor.

Of course, maybe he could have researched a little better. From Sam Antar’s White Collar Fraud:

When a company like InterOil starts on a corrupt foundation, everything that follows continues to be corrupt. In many ways, Phil Mulacek’s transgressions against investors remind me of me, back in my criminal days at Crazy Eddie. We both exploited the hopes of our investors with “spin and lies.” During its entire existence, InterOil has issued an endless string of press releases hyping its future prospects and selling hope to gullible investors. Yet, after almost a decade, InterOil has no proven commercially exploitable reserves to show for it.

Read Antar’s lengthy look at InterOil here for more, and see for yourself if John Thomas has found a willing patsy to pump InterOil stock.

As for LaBeouf, he may do best to study the words of Joshua Brown at Benzinga.com:

Kid, can you just talk about your movie and stop digging your credibility hole any deeper? You seem like a nice guy and no one is rooting against you. When you read this stuff you’re saying five years from now, you’re going to cringe in embarrassment like the rest of us are doing as we speak.

–WKW

Comments

4 Responses to “Shia LaBeouf: Sage investor or InterOil dupe?”

  1. Penny Stock Blog Linkfest: Shia LeBeouf, Kermit The Frog & Superman Trading Stocks on March 27th, 2010 5:08 am

    [...] who’s picking InterOil Corporation (IOC)? Hint: Someone with 23 years of experience [...]

  2. The InterOil Saga: Convicted Felons Battle Current Breed of Stock Market Miscreants « The Biz Insider News on March 31st, 2010 11:26 am

    [...] apparently pretends like he wants to clean up Wall Street’s image, and  mixed-up naive young actor Shia LaBeouf apparently fantasizing as if he is living out in real life a role he is [...]

  3. InterOil: A (unreported) family affair? « News « William K. Wolfrum Chronicles on May 5th, 2010 6:30 am

    [...] Not long ago, actor Shia LaBeouf, star of the upcoming “Wall Street II,” delved into the world of advising investors, as he had these kind words to say about InterOil: [...]

  4. Shia LaBeouf – I tapped that « Entertainment « William K. Wolfrum Chronicles on June 29th, 2011 5:25 am

    [...] was the time we just passed each other on the street when I wanted to congratulate him on his new career as a stock broker. (Interoil is down $15 since you were pumping it,  btw, Shia [...]

Feel free to leave a comment...
and oh, if you want a pic to show with your comment, go get a gravatar!





Enter 300x250 Banner Code Here
  • Details: Love never dies. Ok, everything dies. But this is still sweet.


WordPress SEO fine-tune by Meta SEO Pack from Poradnik Webmastera