Reuters Investigates

Insight and investigations from our expert reporters

A Philadelphia story

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Tyrone Gilliams is a commodities trader who likes to party hardy but is now being sued by an investor for fraud.

In terms of dollars, this case isn’t the biggest–the investor claims Gilliams misappropriated some $4 million and spent it on personal expenses. But the lawsuit reveals that apparent investment schemes continue to proliferate, even after the implosion of Bernard Madoff’s giant Ponzi scheme.

And what makes the allegations involving Gilliams so interesting is that for time, he was living out his life online for all to see–even sponsoring a glitzy charity event and promoting in an online video.

For more on Gilliams and this odd story read our Special Report in PDF form: http://link.reuters.com/kag59r

Dumb money on Wall Street

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Jonathan Spicer’s special report on dumb money in the stock market shows how a few powerful financial institutions make money from retail investors, and why the system is coming under scrutiny.

If you’re wondering what “dumb money” is, it basically refers to most trades by amateur investors like you and me.

Financial cyber-bullying?

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“They love a conspiracy theory on the boards,” David Jones, chief market strategist at spread betting firm IG Index told UK correspondents Rosalba O’Brien and Matt Scuffham when they were reporting for “The stock, the web, the CEO and his lawyers” . It’s a look at some of the shenanigans around highly speculative resource stocks when they are discussed on message boards like  ADVFN and iii. Late-night gossip and personal insults are par for the course: some suspect organised short-sellers may be behind the talk. Given the high volumes of online trading in the UK, we wonder how long it will be before regulator FSA is forced to take a closer look. Day-trader John Douce is sceptical about the boards' impact on stock prices

Day-trader John Douce is sceptical about the boards' impact on stock prices