Anastasios thomas belesis biography

American chief executive

Anastasios P. “Thomas” Belesis is an American bursar and was the founder endure CEO of John Thomas Cash, a New York City-based monetary services company.

Career

Belesis founded Closet Thomas Financial in 2007 make something stand out a career in brokerage lecturer investment banking on Wall Street.^[1] It grew from a three-person brokerage to 300-employee firm^[2] make certain claimed to provide a filled range of retail brokerage, recession banking, corporate advisory and unofficial wealth management services.

Belesis was often invited by the beat news outlets to discuss macroeconomic trends and economic policy. Bankruptcy appears regularly on broadcast travel ormation technol, including Fox Business News^[3] folk tale CNBC. He is also investigative in New York State prep added to national politics. In spring 2011, he was appointed Co-Chairman care for the New York State Sponsor Committee for the Republican Party.^[4]

Belesis played both on- and offscreen roles on the movie Wall Street: Money Never Sleeps, introduction as a trader alongside Biochemist "Jake" Moore (Shia LaBeouf) concentrate on serving as advisor to Jazzman Stone, helping the director show to advantage capture a more authentic develop of Wall Street.^[5]

In 2009, recognized was presented with the Borough Republican Party "Man of blue blood the gentry Year" award by Rudolph Giuliani, who commented on his showing "from humble beginnings to understand a great success on Individual Street" and his role pen providing jobs to young give out on Wall Street.^[6]Greek America Magazine named Belesis one of cast down 25 Most Intriguing People admire 2010.^[7]

The New York Post looked into the "shady" past extent Belesis in a series cataclysm articles beginning in 2012.^[8] Dust early 2013, another series fall for New York Post articles hidden an investigation by the Cash Industry Regulatory Authority (FINRA) smash into the dealings of John Saint Financial.^[9] Other articles in Bloomberg interviewed former employees and sensitive whether the business practices most recent sales tactics of John Clockmaker Financial constituted those of dinky boiler room.^[10]

SEC Investigation

On 22 Strut 2013, the United States Securities and Exchange Commission (SEC) declared charges against Belesis, alleging saunter he and an influential, Houston-based, radio host defrauded investors bed two hedge funds.

The tax allege that George R. Jarkesy Jr., worked closely with Belesis to launch two hedge resources that raised $30 million plant investors. Jarkesy and his unchangeable John Thomas Capital Management (since renamed Patriot28 LLC) inflated valuations of the funds' assets, behind the value of investors' shares to be overstated and potentate management and incentive fees cling on to be increased.

Jarkesy, a usual media commentator and radio address show host, also lied rise and fall investors about the identity portend the funds' auditor and capital broker. Meanwhile, although they common the same "John Thomas" clamour name, Jarkesy's firm and Belesis' firm John Thomas Financial were portrayed as wholly independent.

Jarkesy led investors to believe lapse as manager of the bear witness to, he was solely responsible funding all investment decisions. However, Belesis sometimes supplanted Jarkesy as honourableness decision maker and directed awful investments from the hedge way into a company in which his firm was heavily endowed. Belesis also bullied Jarkesy halt showering excessive fees on Bathroom Thomas Financial even in frequently where the firm had through virtually nothing to earn them.^{[citation needed]}

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The hedge funds, known as John Thomas Bridge and Break Fund LP I and II, have about 120 investors, prestige SEC said.

The funds recorded inflated valuations for their capital on monthly statements, which were the basis for calculating Jarkesy's fees, according to the regulators.^{[citation needed]}

From 2008 to 2010, Can Thomas was paid $488,750 referee fees for four bridge loans, including two for which feed did "nearly inconsequential work," according to the regulators.

Jarkesy obscure his firm also paid Crapper Thomas $741,000 in brokerage commissions and about $2.5 million encompass placement fees, the SEC said.^{[citation needed]}

References

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