Jacob Wohl, born on December 12, 1997, is an American entrepreneur, hedge fund manager, political activist and conservative commentator based in Orange County, California. He is a staunch Trump supporter and a conspiracy theorist. Jacob is the son of David Wohl, who is an attorney. He is the CEO and also the Managing Partner at Montgomery Assets and Beverly Hills Management both based in Los Angeles, California.
He has also worked as a blogger and a columnist The Gateway Pundit website. In 2017, Wohl became the youngest person to be banned for life by the National Futures Association (NFA) for alleged misappropriation in handling investors’ fund and for refusing to cooperate with regulatory bodies. He drew attention in 2018 when news broke out that he, alongside John Burkman (under Surefire Intelligence), paid some women to make false allegations of sexual assaults against U.S. Special Counsel, Robert Mueller, who was investigating Russia’s interference in the 2016 U.S. elections. Mueller subsequently directed the FBI to watch over both Wohl and Burkman.
In October 2019, Wohl alleged that Elizabeth Warren, Democratic presidential candidate, was involved in a long-term BDSM affair with a Marine veteran.
Jacob Wohl Bio: Parents, Early Life
Given birth to by a father who is an attorney by profession and a mother who is a social worker, Jacob Wohl was born on December 12, 1997 in Orange County, California. He grew up in the inland empire, Corona, California
Jacob Wohl Education Details
Jacob Wohl attended Santiago High School. While in school, he was a member of the school’s basketball and football teams. He watched several economics courses online and traded financial markets throughout his childhood. While in school, he started his first hedge fund firm. When he launched his hedge fund firm, the first investors he had were his classmates. He later got investments from his teachers, friend’s parents and coach as his firm recorded growing success. For being the youngest hedge fund manager of all time, he started getting attention from around the world.
After leaving school he, together with his business partner, found Montgomery Assets Inc. which is an assets management and proprietary trading company. In 2015, Wohl got the nickname, “Wohl of Wall Street,” in reference to a 2013 movie, “The Wolf of Wall Street”.
Investments And Allegations of Fraud
Aside from setting up Montgomery Assets Inc. (MAI), Wohl also founded Wohl Capital Investment Group (WCIG) and NeX Capital Management (NeX). In 2016, the NFA received an investor’s complaint about one of Wohl’s firm, NeX Capital Management and upon investigation, they found out that he has been misrepresenting investments and misleading investors all along. According to the investor, he had invested $75,000 which Wohl told him had grown but he only received $44,000 of his investments when the investor demanded the money to be returned. Wohl claimed that the difference in the amount paid out to the investor was due to losses, but the NFA discovered that Wohl’s trading accounts made profit—and not losses—overall. In another of NFA’s findings, they claimed Wohl made unbalanced presentation of profit potential and risk of loss to clients, and by claiming he had been trading for 10 years, misled investors.
In 2017, Wohl was banned by the National Futures Association (NFA) for irregularities in handling investors fund, misleading investors and refusing to cooperate with regulatory bodies. Also, in 2017, the Arizona Corporation Commission (ACC) issued an order of cease-and -desist to Wohl, WCIG, NeX and MAI after it was discovered they were in violation of securities laws. A 14-count of securities fraud was levelled against Wohl and his companies. According to one of his grossly false claims which ACC found out, Wohl said he was managing accounts of 178 clients and combined total assets under management (AUM) as large as $10,000,000 but the ACC found that he only had 13 clients and an AUM of $500,000. Eventually ACC forced Wohl to pay $32,919 in restitution and $5,000 in penalties. Wohl has denied all charges put up to ban his firm, stating that they are all false.
Attempts At Framing Key Public Figures
In 2018, Jacob Wohl, Surefire Intelligence and conservative radio host, Jack Burkman were implicated in a plot to offer money to some women to make false accusations of sexual harassment against U.S. Special Counsel who is investigating Russian involvement in the 2016 presidential election. Though Burkman denied any involvement in the plot. On 30th of October, 2018, Mueller directed the FBI to investigate the alleged attempt to frame him for sexual misconduct.
Again, Wohl and Burkman, in April 2019, got media attention for attempting to frame mayor of South Bend, Indiana, Pete Buttigieg—2020 Democratic presidential candidate—for sexual assault. Some of his other victims (majorly Democratic party politicians) against which he has created and promoted false and unfounded claims include: Hillary Clinton, Kamala Harris, Elizabeth Warren and llhan Omar.
Wohl had a very strong following of conservatives—over 175k followers—before he was banned permanently on February 26, 2019, by Twitter for violating its rule of creating and operating fake accounts.
Jacob Wohl Personal Life
As pertaining to religion, Wohl is Jewish and has described himself as a Zionist. In matters concerning relationship, he is still single and hasn’t been linked to any lady.
Jacob Wohl Net Worth
It is estimated that the net worth of the controversial entrepreneur is $5 million.