Billionaire hedge fund investor Leon Cooperman took to CNBC to complain about stock manipulation being undertaken by some rogue independent investors, claiming that the activity is “a way of attacking wealthy people.”
https://youtu.be/0uWgf6KVys8
With a net worth of $3.2 billion who settled an insider trading charge in 2016 by paying more than $3 million in fines, Cooperman said, “The reason the market is doing what it’s doing is because people are sitting at home, getting checks from the government, and this fair share is a bullshit concept.”
“It’s just a way of attacking wealthy people,” Cooperman continued. “And it’s inappropriate. We all gotta work together and pull together.” He did not address how he would work with others as he traded stocks and made money off other’s work.