Editing Jonathan Lebed (section)

==Career==
Between September 1999 and February 2000, Lebed made hundreds of thousands of dollars from using a computer in his bedroom in Cedar Grove, New Jersey, using [[pump and dump]] by posting in internet chat rooms and message boards, encouraging people to buy [[Penny stock|penny stocks]] he already owned, thus, according to the SEC, artificially raising the price of the stock. Between September 1999 and February 2000, his smallest one-day gain was US$12,000, while his biggest was $74,000.<ref>Lewis, Michael [https://www.nytimes.com/2001/02/25/magazine/jonathan-lebed-s-extracurricular-activities.html?pagewanted=all&src=pm Jonathan Lebed's Extracurricular Activities] ''New York Times''. March 17, 2015</ref> Lebed became the first minor prosecuted by the SEC.<ref>{{cite news |last1=Lewis |first1=Michael |title=Jonathan Lebed's Extracurricular Activities (Published 2001) |url=https://www.nytimes.com/2001/02/25/magazine/25STOCK-TRADER.html |access-date=7 January 2021 |work=The New York Times |date=25 February 2001}}</ref><ref>{{cite news |last1=Morgenson |first1=Gretchen |title=S.E.C. Says Teenager Had After-School Hobby: Online Stock Fraud (Published 2000) |url=https://www.nytimes.com/2000/09/21/business/sec-says-teenager-had-after-school-hobby-online-stock-fraud.html |access-date=7 January 2021 |work=The New York Times |date=21 September 2000}}</ref> In 2001, Lebed and the SEC negotiated an out-of-court settlement in which Lebed forfeited $285,000 in profit and interest he had made on 11 trades without admitting any wrongdoing, allowing him to keep close to half a million dollars.<ref>Lewis, Michael. [https://www.nytimes.com/2001/02/25/magazine/25STOCK-TRADER.html?pagewanted=all "Jonathan Lebed: Stock Manipulator, S.E.C. Nemesis -- and 15"], ''[[The New York Times]]'', February 25, 2001. Accessed December 22, 2014. "The S.E.C.'s news release explained that Jonathan -- the first minor ever to face proceedings for stock-market fraud -- had used the Internet to promote stocks from his bedroom in the northern New Jersey suburb of Cedar Grove."</ref>

In 2003, Lebed was an unsuccessful candidate for the Cedar Grove township council.<ref>{{cite news |last1=Strauss |first1=Robert |title=IN PERSON; No Grass Grows Under These Feet (Published 2003) |url=https://www.nytimes.com/2003/04/27/nyregion/in-person-no-grass-grows-under-these-feet.html |access-date=7 January 2021 |work=The New York Times |date=27 April 2003}}</ref><ref>{{cite web|date=2003|title=Teenage stock swindler runs for office - May. 12, 2003|url=https://money.cnn.com/2003/05/12/pf/investing/teenage_stockswindler/|accessdate=11 September 2015|work=[[CNN]]}}</ref>

Lebed's legal issues were profiled in an episode of the 2001 [[BBC]] documentary ''The Future Just Happened''.<ref>{{cite web|url=http://news.bbc.co.uk/hi/english/static/in_depth/programmes/2001/future/tv_series_1.stm|title=The Future Just Happened - The tv series: Amateur vs pro|work=bbc.co.uk|accessdate=11 September 2015}}</ref><ref>{{cite web|url=https://www.latimes.com/archives/la-xpm-2001-aug-08-cl-31629-story.html|title=What's Next for Michael Lewis?|work=[[Los Angeles Times]]|date=2001|access-date=11 September 2015}}</ref>

In 2010, he was living in [[Wayne, New Jersey]], and was the sole owner of Lebed Biz LLC, which runs a website touting penny stocks.<ref>{{cite web|author=Hugh R. Morley|date=11 April 2011|title=Former teen SEC target from Wayne settles $2.56 million judgement|url=http://www.northjersey.com/news/wayne-financial-adviser-settles-2-56m-judgment-1.914114|accessdate=11 September 2015|work=[[NorthJersey.com]]}}</ref><ref name="hughr.morley" /> In 2008, a company won a $2.56 million judgment against Lebed.<ref>{{cite web|author=Hugh R. Morley|date=15 November 2010|title=Texas company seeks to get a receiver appointed to run the Wayne company of former schoolboy stockpicker Lebed|url=http://www.northjersey.com/news/creditor-sues-for-assets-of-n-j-stock-promoter-1.920025|accessdate=11 September 2015|work=[[NorthJersey.com]]}}</ref>