Foreign Collusion, Naked Shorting (Counterfeiting) & Money Laundering — All Illicit Wealth
Wall St. Confidential: Cramer Explains Shorting
Jim Cramer, The Street, 27 April 2007
Cramer the director and co-founder of TheStreet.com talks about naked short and his recommendation on the market.
Continue reading “Video: Wall St. Confidential: Cramer Explains Shorting”
Overstock attempts to uncover malicious naked shorts
Keith Hahn
Dealbreaker, 25 April 2007
Patrick Byrne, the CEO of Overstock.com, is seeking $3.5bn in damages from 10 prime brokers for intentionally manipulating Overstock’s share price through naked shorting. The big names charged are Bear Stearns, Citigroup, Credit Suisse, Goldman Sachs, Merrill Lynch, and Morgan Stanley.
The Top 25 Moneymakers: The New Tycoons
Institutional Investor, 23 April 2007
This year’s list of 25 top-earning hedge fund managers make, on average, an altogether astonishing $570 million.
SEC seen shy on naked shorting
Bloomberg, 23 April 2007
Critics of short-selling practices they deem abusive are up in arms over what they say is continued inaction by the Securities and Exchange Commission.
They say that the SEC delayed long-overdue reforms last month when it asked for more comments on proposals to tighten up exemptions to a rule intended to curb illegal “naked” short selling.
PATRICK BYRNE, 05 April 2007
Bloomberg Television has produced a shocking 25 minute exposé showing how Wall Street rogues are exploiting a crack in the system to steal tens of billions of dollars from Americans. The Bloomberg piece starts by talking about Overstock (I make a brief appearance, as a guy just trying to be a good citizen), but goes on to describe a wildly illegal scheme that hurts thousands of companies and millions of Americans with stock accounts. This may turn into a financial scandal that makes Enron look like a Sunday picnic.
THE DOLLAR HAS NO INTRINSIC VALUE : DO YOUR ASSETS?
