shortformblog: Unexpected sequel of the day: Rudy Ruettiger, the Notre Dame football walk-on and inspiration for the Sean Astin movie “Rudy,” just had to settle with the Securities and Exchange Commission — getting fined $382,000 for turning his Gatorade challenger “Rudy” into a penny stock pump-and-dump scheme that drew $11 million in illicit profits, hundreds of thousands of which went to the feel-good icon. In the end, the hardworking runt sold more stocks than he did beverages. “Investors were lured into the scheme by Mr. Ruettiger’s well-known, feel-good story but found themselves in a situation that did not have a happy ending,” said the sound-bite-ready Scott W. Friestad of the SEC’s enforcement division. That feel-good story doesn’t feel so good anymore now, does it?
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shortformblog:

Unexpected sequel of the day: Rudy Ruettiger, the Notre Dame football walk-on and inspiration for the Sean Astin movie “Rudy,” just had to settle with the Securities and Exchange Commission — getting fined $382,000 for turning his Gatorade challenger “Rudy” into a penny stock pump-and-dump scheme that drew $11 million in illicit profits, hundreds of thousands of which went to the feel-good icon. In the end, the hardworking runt sold more stocks than he did beverages. “Investors were lured into the scheme by Mr. Ruettiger’s well-known, feel-good story but found themselves in a situation that did not have a happy ending,” said the sound-bite-ready Scott W. Friestad of the SEC’s enforcement division. That feel-good story doesn’t feel so good anymore now, does it?

(via shortformblog)

21 Notes/ Hide

  1. texasamaggies reblogged this from shortformblog
  2. underdog19 reblogged this from shortformblog and added:
    such a good movie…
  3. nickturse reblogged this from reuters
  4. techgent reblogged this from shortformblog
  5. abandonedsandals said: Anyone from Joliet will tell you what a shameless self-promoter this guy is. It’s not and never was like the movie version.
  6. reuters reblogged this from shortformblog
  7. oldmanyellsatcloud said: Yikes.
  8. savagemike said: Samwise Gamgee, how could you???
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