Do the analysts do the same thing, but they have a company behind then?
The analysts (most anyway) do actual research on comapanies and dispense truthful (most of the time) reports on companies. Lebed lied to people. Analysts rarely do that, and when they do, they often get caught. And as far as the analysts go, they recommed large cap stocks that are difficult to influence (move in price), so their reports don't really effect the price much. Only the handful of elite analysts have the influence to move a stock. Lebed pumped small cap stocks with no potential or value and that could be easily moved in price. There is a big difference between the two.
Cocky teenagers
I wouldn't say he's (was) cocky, just greedy and stupid.
He had good attorneys
If he had good attorneys, he'd be broke. He had decent attorneys for the price he could afford. I don't think the attorneys had a whole lot to do with it, but I could be wrong.
He still has a brain that is good
From the looks of his latest venture ( http://www.lebed.biz ) , I doubt it, LOL. Someone needs to slap some sense into him. I hope he screws up and gets caught again, maybe he'll learn something next time.