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The Millionaire Who Built a Penny Stock Fortune at 27

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March 12 -- Investor Josh Sason turned penny stock investments into a multi-million dollar fortune and is now working on building an entertainment empire. Bloomberg’s Zeke Faux reports on “In The Loop.” (Corrects name.) -- Subscribe to Bloomberg on YouTube: http://www.youtube.com/Bloomberg Bloomberg Television offers extensive coverage and analysis of international business news and stories of global importance. It is available in more than 310 million households worldwide and reaches the most affluent and influential viewers in terms of household income, asset value and education levels. With production hubs in London, New York and Hong Kong, the network provides 24-hour continuous coverage of the people, companies and ideas that move the markets.
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Text Comments (114)
El Coyote Loco (19 days ago)
Lol I was in a band living in Long Island NY, when am I going to make $1,000,000???????
Supernova (1 month ago)
Sounds like a loan shark coming in to extort money from the start ups regardless of how it affects their business.
Blue De Leon Tagorda (5 months ago)
This guy has weird eyes
Crazy Spaceman (6 months ago)
Zekey boy! With the spirit of a true spokesman
bohdi sativa2 (7 months ago)
I dont believe this entire story he must of knew people and starting with a million.
onee (7 months ago)
I hate that everytime we hear something about penny stocks, news reporters have to mention that douchebag Jordan Belfort. He's just a scumbag con artist who absolutely has nothing to do with the story...
Supernova (1 month ago)
Jordan Belfort is a scumbag and unfortunately he is idolized by many wannabe wall street punks.
coltekr (7 months ago)
She definitely doesn’t understand sh*t.
Alex K. (10 months ago)
Imagine being called Zeke Faux
Kristovsky (1 year ago)
He must have had that NZT. I gotta get me some..
Patrique D'limi (1 year ago)
From day one when i started trading with Rob`s strategy i knew it was my end of worries
John Doe (1 month ago)
Roxane Hayward  Yes Mr. Rob is an expert and helps me make $2,000 a day. With his smart expertise and a mouth full of his cum as I choke on his big fat throbbing dick, I can say with confidence that my eye is on the prize! *As long as I wipe the cum out of them I mean*
Patrique D'limi (1 year ago)
You have to trade with Mr rob strategic system of trading for you to know how fully trading is done successfull
Ethan Smith (1 year ago)
introduced my neighbour too and she's grateful for this secret you given us, thanks roxane
Ethan Smith (1 year ago)
when you said making $4000 a day was possible i thought you must be a joke, but now i know im wrong and im sorry, it worked roxane
Ethan Smith (1 year ago)
Never seen an easy approach of trading like Mr rob system before, trading made easy
Anuj Saraswat (1 year ago)
super
Tony John (1 year ago)
I'd spend it on value hookers. 💲💲‼️
jerp pin (1 year ago)
USRM
Ashfaq Sheikh (1 year ago)
Well done Josh Sason and good luck in all your endeavors. Sure would like to learn (preferably from you) how you got started and how was your journey.
C. Lincoln (1 year ago)
Not gunna lie, that asian lady is looking pretty god damn fucking hot.
Ray Baldwin (1 year ago)
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Ruth Marroquin (1 year ago)
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Hai Le Quang (1 year ago)
He looks 37
Sharon Ferry (1 year ago)
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Yusuf Omar (1 year ago)
Yea, nice story Sharon...
Thomas Clark (1 year ago)
Thanks a lot lady
Kyle Pasta (1 year ago)
Wonder boy? My ass
Goldie Curley (1 year ago)
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George Williams (1 year ago)
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F M (1 year ago)
Where did get get the money to land if he was living with mommy and daddy. Crappie story many details are missing.
Jake Cormack (1 year ago)
Securitized based loans - Very risky but profitable.
mike / anna chafe (1 year ago)
Might as well interview people who won the lottery. Same. Film production? Now that is a fast way to go broke.
Great interview, are you guys going to interview Josh Sason?
mcpooface (2 years ago)
Bitch obviously didn't watch wolf of wall street. Cause this guy is an investor and wolf of wall street is about a broker who scams people
Riddem79 (7 months ago)
JRAGE VLOGS Lol
JRAGE VLOGS (1 year ago)
Stephen Damant exactly what u doing
Mike Oxlong (2 years ago)
wow. besides for the 200 million dollars, he was completely self made from scratch!
ceibert2000 (1 year ago)
i thought it is describing how he has invested 200mil over the course of his investing life
Alex Charles (1 year ago)
lmao
Vr Kid (2 years ago)
200 million??
Luann Siemon (2 years ago)
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faresar (2 years ago)
Invested 200 million dollars. Man he was poor
lozko karamitev (1 month ago)
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123 456 (1 month ago)
+Travis Patton HOW?
Travis Patton (4 months ago)
You'd be surprised how much easier it is than you think
Dom J. Lva (9 months ago)
Duy Pham it's sarcasm little bitch
Kuziai (2 years ago)
lol this shit is made up for kids like you to have a dream and lose money hahaha fucking stupid society
Cute cheetah (2 years ago)
lol
alfred john (2 years ago)
This was an amazing story. How can a person earn this much from penny stock. Is this a reality???
Abdou (1 year ago)
alfred john penny stocks are very volatility you can make a lot of money when you buy them low and sell them high. But if you don't know what you are doing you will lose all your money 💰
Jake Smith (2 years ago)
this dude forces and tricks desparate companies into giving him shares at steep discounts, in other words he'll make a profit no matter what the market price of the stock is! Because of him the shareholders of companies are practically decimated. With a greek shipping company called NewLeads he gave a loan to them and than paid NewLeads lenders for the right to collect NewLead's old debts, He than sued to collect which allowed him to file a settlement that allows him to receive loads of cheap shares. He's a vulture looking for weak desparate companies and will do anything to get those shares
Yusuf Omar (1 year ago)
It isn't illegal & is part of the game. He didn't give them a loan, he payed off a portion of their lenders & bought some of the company's debts & sued them. It didn't go bankrupt but it did ruin its stock, "ruin" is an understatement tbh.. From $4000 per share to 20 billionths of a penny in 6 months, that's a massacre! That's why you got to be on your toes when it comes to the stock market, it can get vicious, its all about knowing your risks & if you're in debt, you're chances of getting fck'd are high.
Jake Smith (2 years ago)
the thing is there are plenty of other groups and individuals who are doing this and they get no media coverage what so ever
SNIPERLEGEND234 (2 years ago)
Honestly Jake, you make an amazing point. I had a feeling he had to have been playing good cop bad cop because it doesn't seem right for him to casually gain all this money no matter what. Everyone knows if the stock goes down so does your money but his doesnt in glad i read your message because it was clear what he did. The only problem is. Thats sadly how business works. Its a shame especially with him randomly starting a movie. If i had that money forget movies start franchises hes still young and he has time to learn about franchises and owning businesses. He can start a generation but i guess him spending his money is more important haha.
Jake Smith (2 years ago)
true true capitalism is as efficient humans can get
Zita Claxton (2 years ago)
A friend of mine he is also an expert trader. He suggested me ANDY LANK METHOD.
Ant Phillips (2 years ago)
...This one legal way to make millions LOL....He buys millions of their shares in the form of a loan...Then pumps the stock to high hell and sells off all of his shares.. Resulting in thousands of other investors losing money...
suchapill ! ! (1 year ago)
🚩Tk Seye Exactly. Pump and dump IS the main strategy of penny stocks. It isn't even really a secret unless you're extra gullible. Penny Stocks are pure gambling BUT the majority of investors have No patience or desire to learn so They treat it like a lottery ticket . The ones who do research and use strategy can make mint by following the market makers (the ones with so much money in the game that their investments drag huge sections of the market where they want it to go). Want proof it isn't all smoke and mirrors? True Religion jeans, BJ's Restaurants, Quality Systems, Monster Energy Drink, and Xerox all started as penny stocks. Why? Because that was the only way they could raise capital. They took a chance. Don't hate the player or the game. Do your research. 🔍
Tyson007ian (2 years ago)
+Anthony Phillips lol, this is a smart trick, you know nothing about the stock market, he isn't pumping the price, he gets his loan paid back in the form of shares from the company at a steep discount, meaning no matter how low or high the stock goes, because of the discount the company always makes money, of course you wont understand any of this, because you dont seem to be aware of the first thing about stock markets. 
Ant Phillips (2 years ago)
+Tyson007ian toxic financing 101. hilarious..
Tyson007ian (2 years ago)
+Anthony Phillips I dont think you understand how all this works mate, read a couple o books and get back to me
Tk Seye (2 years ago)
Pump and dump
Obeyance DeKat (3 years ago)
We have such a negitive stigma of penny stocks that most people wont get into them. This is unfortunate as there really is a ton of money to be made, if you work for it. Day Traders, swing traders, short traders... they are all needed in this market to help the companies grow. Without us, the stocks are uselss and dont help the company at all. But with penny stocks, as the guy said, you can buy into a .001 per share stock and if it goes to .002... and there are buyers for the amount you wish to sell... you make double your investment. So for instance, you can put only 1000$ into a penny stock and make 1-3K profit, sometimes only in a matter of a few min if you are lucky. The downside is that you can lose a lot of money too, because if you predict wrong or maybe some bad PR comes out about that company, you can lose all of your money too... or worse, lose more than you put in. Its just why you play it safe and do a lot of research into the trade, in example, reading charts and understanding why the market moves. Plenty of people have done this and made early retirement in their 20s... Like Tim Sykes for example. Its obviously not for everyone, some people would rather work a 9-5 and earn 1.5 million over their lifetime, because its simple and very low risk. Others are risk takers and try for the stars. Most fail, a lot succeed in making a living out of it, a few reach the stars. But you cant go into it thinking its a get rich quick scheme, you have to be smart, you have to play it safe... Thats where most people go wrong and 80% of beginning traders fail and swear it off. Put in 1000$, lose 500 in 5 min, then they are done and never look back.
Fise Phalnoxt (1 year ago)
How is it going now?
Tony John (1 year ago)
That's why I fucked yo bitch Let her come back after you give her a good hard spanking.
Obeyance DeKat (1 year ago)
+Alexisanuneducatedafricanamerican yeah, my wife and dad got mad at me when i lost all my cash. They suggested i cut out when i was 300% ahead, but the stock i was watching had nothing but good news... Then they announced a 1:1000 RS and everyone bailed in one day. Went from 3500$ profit, to -75% lol. Oh well, such is the nature. The best players only win about 65% of the time. Im not done, i just dont have the capital to play again. But yeah, my wife and father were fairly upset that i lost. But my wife understands. It was Category C money, no huge loss. Sorry yours left, but now you can buy a new one... or 5 XD
Drank in my cup (1 year ago)
Troll I am a millionaire based off stocks. This guy is absolutely correct. I lost $2000 and my wife before I landed the big one. Now my ex wife wants me back haha
marlonmruss (3 years ago)
I learned something!
DanKest (3 years ago)
how do i give companies loans in return for stock?
Supernova (1 month ago)
That's not what's going on here.
Jon Anderson (3 years ago)
This is complete bullshit hahaha. This isn't a trick, it's just basic financing, except it is extremely risky. 
C. Lincoln (1 year ago)
Good looking out.
Levar Haffoney (1 year ago)
It's called convertible debt financing.
C. Lincoln (1 year ago)
What's this "trick" called? Is there is term I can type in google/youtube to learn more about it. Thanks
Dylon Garrett (2 years ago)
+0ng0n People dont want to understand or learn how to do it. In any case, people just say "pump and dump" "scammer" and "cheater". People dont want to take the time to do research or anything.
Rommel V (3 years ago)
He had 2 million to start with. Where did that come from?
aadil786 (6 months ago)
Rommel V Tffh
onee (7 months ago)
His rich father.
Duy Pham (1 year ago)
idiots can blow their 2 billions of dollars super fast , so making 200 mil from 2 mil is not easy as idiots think.
JeevS GOne (3 years ago)
How is this diff compared to what Jordan Belfort did? In the end, you're still selling penny fucking worthless stocks to poor people! 
Elijah Payne (1 year ago)
Penny stocks have nothing to do with the investor. They are simply stocks worth less than one dollar.
Dax Stevenson (3 years ago)
+JeevS GOne Many investors are dying to know how exactly they should invest in penny stocks if they want to make the most profit possible. Read on to discover how to do this and how to make penny stocks investing much easier and efficient. Visit here ==> http://fx-tradepennystocks.blogspot.com/
JeevS GOne (3 years ago)
+Norris M. Blevins you wouldnt post this if you were earning 1M
Norris M. Blevins (3 years ago)
+The Ready Bready>>> Copy my trading strategy that turns $1000 into $1M+ in 38 Trades! Get started ==>pennystockss2015.blogspot.com Click it, hope it helps?
The Ready Bready (3 years ago)
+JeevS GOne  It's miles different. Belfort would pump the prices up artificially, take a profit, then pull out all his money, causing the stock to crash. This guy receives shares at a discounted price and sells the penny stocks to the market, at market price, and to people who WOULD HAVE BOUGHT IT ANYWAY. (He is not a broker and he is not enticing them to buy)

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