iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,433 Blog Posts

I INTERRUPT YOUR EVENING FOR WAR

A blog war that is, one that I support with full vigor and tenacity. Without droning on about how much of a lowbrowed, degenerate, miscreant, TIM is, in every meaning of those words, I know for a fact that he is a danger to any investor, mainly because he is a two bit huckster and mountebank of the worst order, fleecer of all that is good and worthwhile.

I give you poetry in Lindzon G Major:

Timothy Sykes is a despicable person. I feel a bit better just finally writing this even though I know it won’t stop him from scamming people.

That said, I have worked hard enough on this blog to build a trusted following that will help pin some real insight into the search engines that lead people to his awful websites. This is a public service, get it off my chest post.

I have a pretty open door policy. It is obviously dangerous. It is easy to find me. The big danger I have learned is that not just lazy and dangerous people can walk in with a good pitch, but extremely cancerous people.

Timothy Sykes barged through my doors in 2007 and as a favor to him (after we had been purchased by CBS), I introduced him to the crew and he was a guest on the show. He shat on our brand. Ha. Good one.

When I started Stocktwits he would email over and over saying he wanted to be an angel investor. He knew one of my good friends an angel investor as well in Stocktwits. I said he could invest. Phil Pearlman and Soren almost killed me. They were pissed. I said it could not hurt. Wrong.

Within a few days, Phil had blocked him, his spam accounts, his mother (seriously) from spamming the site with penny stock ideas and putrid behavior. But, he (his dad) was an investor and I had my head down. He went away for a bit.

When Soren and I started Stocktwits, we would argue over ‘filling holes’ early. I thought there should be a Twitpic for charts. Soren said let the community build it. Timothy Sykes wanted to build this for us. Soren and Chris thought it was a bad idea. I wanted to go fast. We agreed to pay Tim and his ‘partner’ $10,000 and 50 percent of ad revenues for the finished product. Very simple contract. Chris and Soren rebuilt it a year later but we honored the contract. Chris is still mad at me and rightly so.

In the end Tim sued Stocktwits (honestly we have no idea why) and ran up his legal bill (I heard this from a source who was friends with the attorney who was not getting paid by Tim), north of $40,000. We had dug in because of the silly claims. We settled with Tim for an amount very close to his legal bills, but I have no idea if Tim paid his attorney. Tim continues to harass me and friends and other people on the financial web. That will never stop. I have offered Tim an interview on this directly if he would show me that he paid his attorney. Pretty simple request. That was a few months ago and he replied that his ‘lawyer’ said I must be tricking him.

The good news is Tim sold his Stocktwits shares. He said at the time, he needed the money (well before the lawsuit). He made $15,000 from my count (enough to cover some of his legal bills).

Genius.

I don’t even want to go into how awful his websites are or how impossible and misleading his profit claims declare. I do want to warn people. Here is an email I received from an acquaintance just last week who got the Timothy Sykes penny stock pitch…

Got a phone call from Tim Sykes crew…LOL They asked me to trade with them…then turned around and asked me to buy 5K worth of ‘training material’. I listened to the spiel and all the talk….bottom line is they wanted me to pretend like I was a new trader and be willing to do interviews based on money that I had already made…and attribute it to Tim’s system….lol wow.

I have more. It’s the same stuff under different websites he fronts or hides behind. People hate him and like sharing their hatred of him. Like I said in my title…Tim is a cancer. This is the Wikipedia definition of ‘Malignant Tumor‘ and it does describe Tim and his web tactics pretty well.

For the first time in my blog I will turn off my comments as this is not a discussion for me.

Source: HOWARD

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57 comments

  1. leftcoasttrader
    leftcoasttrader

    Poetry indeud.

    Tim is a whore.

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  2. The Clam's Posse
    The Clam's Posse

    Another sanitized bond swap could resolve such injustice.

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  3. skyfish

    Forgive the dumb question. Is this the same “Tim” that created Prophet Finance (later sold to ??? somebody) InvestTools I think!?!

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  4. Woodshedder

    Tim just got GRAPED.

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    • lol

      Where the Sparta clip of Tim getting kicked into the well/down the elevator shaft?

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  5. Random Money

    Was a spectator to his continual and persistant attacks on Tobin Smith via twitter about a year or two ago. I had to unfollow Sykes as almost every tweet was a sales gimmick.

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  6. Hack

    A guy like this would be found out and fired within a year in corporate America. But give a man a wagon and a midget and he can sell snake oil to thousands…

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  7. Joe

    I’ll read ibc and pay for the ppt any day over Tims over loaded wheel barrel full of horse shit. I saw Tim on Wall Street Warriors when I first became interested in the markets. Then….I found ibc shortly there after. Nuff’ said

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  8. z

    Say it ain’t so TIMMAY!!!

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  9. Mhfgarwood

    I have had lunch with this man..l invested in cilantro. My simple advice is to steer clear .

    This story does not surprise me one bit

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  10. skyfish

    So the moral of this story is…

    Invest in Cilantro – if you’re making a delicious Guacamole! Otherwise…thanks, but no thanks!

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  11. franky

    i’m sure tim s. is a douche. i’m equally sure that howard has not seen his last lawsuit from said douche.

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    • The Fly

      As for the lawsuit:

      I have no idea what’s going on there. I only know what I know.

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  12. Rhino

    I rarely get this mad at internet entities, but ever since he paid a former Special Forces soldier who I personally trained with at Bragg to promote his shit, I’ve wanted to commit serious acts of violence against him.

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    • Fly

      Really?

      Pray tell us the story as we are all fireside.

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      • Rhino

        Look at this shit. No operator goes to recruit unless they are broken(physically) or are a shit bag. Especially in Hawaii, where there is very little recruitment. Also, no SOF operator puts this much shit about them out there. On my resume, or to a potential client even, I would only disclose awards if asked with reason and conviction. This guy is def offering to be paid, the picture and name are right but it just doesn’t add up. The others I have asked in the community have said that they can not speak on his behalf, which is very rare in a such a small professional community.
        http://www.linkedin.com/pub/noah-burkham/38/a87/31

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  13. J

    What a fucking total scumbag this guy is. You feel creeped out just reading about him.

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  14. jg

    mountebank. lol.

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  15. Jake

    Im curious. If Tim is peddling shit, how come you don’t see the Internet buzzing bad about him? Seems like the only people talking shit about him are you and your “stock twits friends”. He probably dug some crap on you and now you want to discredit him.

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    • The Fly

      Jake

      Look around and you will see everyone is talking shit about him.

      Truth be told, there is no way you are not affiliated with Tim for posting that comment.

      Hi Tim 🙂

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    • The Fly

      One last thing Jake:
      I have some pretty damning emails about Tim regarding his “hedge fund” days.

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      • skyfish

        is Jake a “mole” (so to speak)?

        does Jake like Cilantro in his guac-a “mole”?

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  16. GROKLC

    https://twitter.com/#!/search/realtime/http%3A%2F%2Fhowardlindzon.com%2Ftimothy-sykes-is-a-cancer-a-malignant-tumor-of-the-web%2F

    ^Twitter seems to be responding in widespread agreement with Howard.

    If you go on Google, the first auto-complete suggestion for “Timothy Sykes” is “Timothy Sykes Scam”.

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  17. momo14318

    Fly, what an appropriate post about internet garbagio scammer-types! I can’t help but contrast Tim’s behavior vs your kind help when I couldn’t figure out the intracacies of those PPT OS guages yesterday. Thank you again for all that you do:)

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  18. Gonzales

    The Fly says:
    December 28, 2008 at 3:29 am

    Here’s another prediction:

    Howard’s alliance with Tim Sykes will backfire on him, in a very egregious way.

    http://ibankcoin.com/flyblog/2008/12/28/predictions-for-2009/#comment-76498

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  19. Frog

    The unfortunate thing is that there are a lot of people like this on the Internet trying to scam people 24/7. The Internet is the most Caveat Emptor place imaginable.

    If what Howard says about Tim is true, Howard can count on being sued again. Because the truth hurts. And the reaction that people like this have to feeling hurt, is to blame someone (never themselves though) when they are hurting. And then to sue them.

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  20. Blind Read Ant

    Am I the only part of the readership who’d like to watch Fly debate this TIM guy?

    It would have to be entertaining.

    Topics: all above mentioned.

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    • The Fly

      Why would I debate such an idiot? The nerd prides himself as being a penny stock millionaire.

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      • Blind Read Ant

        Well, ahem, I watched WS’s video.

        The arrogance, flamboyance and plain haughtiness of said nerd all but evinced a person I would expect Fly might take immense pride in shredding.

        I stand corrected M..

        It appears the umbrage arises with respect to your ally, which is noble (all the same).

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  21. Whaler31

    Okay, now don’t forget we have an X-5 rated solar flare burst headed toward us, it will hit between 1-5 EST, let us know how things are going out there.

    The sun is in the process of engaging in a pole reversal as I write this, they say THAT is what could trigger the “mo-fo” of solar storms.

    Let us hope the big one won’t take out the power grid, or the satellites. Then we will be hosed.

    Make sure you have a generator and plenty of fuel, food, water and guns/ammo to last for several weeks.

    And no, I’m not Mormon.

    I did not know the sun’s poles revese about every 10 years. Did you?

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    • Cheesetrader

      Or take down the web – just to be cautious, might be a good day to do some backups..

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  22. TeahouseOnTheTracks

    OEW Daily Recap:

    “The market opened higher today after hitting extremely oversold for two days in a row. The rally, 15 points from yesterday’s 1340 low, took short term momentum into slightly overbought territory, and lifted daily momentum up from quite oversold yesterday.”

    “It would appear the three waves down ended a small abc pattern we have tentatively labeled Minute WaveA. This low, and today’s rally, should be part of a three minute wave pattern (Minor Wave A).”

    [This rally is Minute WaveB to be followed down by Minute WaveC to complete Minor WaveA … then up Minor WaveB … Down to complete Minor WaveC and Intermediate Wave2 … Then up, up & away with Intermediate Wave3!]

    “With ten of the worlds twenty international indices, and three of the nine SPX sectors, already in confirmed downtrends, we’re expecting the major US indices to confirm a downtrend soon as well. Support for an Intermediate Wave2 correction would be between the OEW 1261 and 1291 pivots.”

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  23. Henry Fool

    Glad I’m up early to comment on this while it’s a live topic.
    First off thank you Fly for exposing very definitely in single blog all there is to know about this swindler, shyster, grifter wanna be, schmuck-ass, tool bag.

    I will not take up anymore space here but will proceed to my IBC blog network blog http://ibankcoin.com/henryfools/ to share my own views of how TIM first struck me and why I never thought twice about subscribing.

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  24. drummerboy

    guess i’m glad i never heard of this turd.

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  25. crazymoppo

    shouldn’t mess with penny stocks, even to short them. for a real investor, dabbling in penny stocks is like panhandling by asking people to toss coins in your tophat as you stand loiter in the tenderloin in your tuxedo. I never realized TIM was that bad, I always just viewed him with mild amusement and slight distaste.

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