They say Tharp acted as a referral agent and reference for Mobley. The investors claim Van Tharp acted with gross negligence by promoting Mobley as a successful trader. The 25 investor plaintiffs have filed a lawsuit in Collier County Circuit Court seeking compensation and unspecified punitive damages from Tharp, his wife, Kala Tharp, and the International Institute of Trading Mastery in Cary, N.C.
Investors' claims top $100 million.Ī group of Mobley's jilted clients, who have collectively lost $8 million, now want Tharp to answer for his high praise of Mobley. Now facing federal fraud and money-laundering charges, Mobley â who confessed to masterminding his $120 million, Naples-based Maricopa swindle to regulators last year â perhaps didn't get those feelings of invincibility curbed enough. And Tharp endorsed Mobley as an accomplished hedge-fund manager and graduate of his counseling courses. Tharp helped Mobley curb feelings of invincibility, Mobley explained. The feeling that he had the Midas touch led to self-sabotage, Mobley said. Tharp in an interview formerly posted on Tharp's International Institute of Trading Mastery Web site. Mobley's clients file lawsuit against his stock-trading coachīy GINA EDWARDS, Mobley sometimes felt invincible, he confessed to his psychological stock-trading coach Van K. He took all the courses and was trained by VKT. Yeah this is old news, but how could this (supposedly) sharp trading expert be so taken in and swindled? Also FWIW, Tharp's son used to post here.
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