Foreign Collusion, Naked Shorting (Counterfeiting) & Money Laundering — All Illicit Wealth
2 October 2019
Wolf Haldenstein Adler Freeman & Herz LLP announces that a federal class action securities lawsuit has been filed in the United States District Court for the District of Utah on behalf of shareholders of Overstock.com, Inc. (“Overstock” or the “Company”) (NASDAQ: OSTK) who purchased shares between May 9, 2019, and September 23, 2019, inclusive (the “Class Period”).
2 October 2019
Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Infosys Limited (NYSE:INFY) from July 7, 2018 and October 20, 2019, inclusive (the “Class Period”) of the important December 23, 2019 lead plaintiff deadline in the securities class action commenced by the firm. The lawsuit seeks to recover damages for Infosys investors under the federal securities laws.
Collusion with Trump over Russia inquiry ‘did not happen’, says Raab
Patrick Wintour, 02 October 2019
No member of the British government, including the prime minister, would ever collude with Donald Trump to try to discredit the work of intelligence agencies uncovering Russian interference in the 2016 US election, the UK foreign secretary said.
Dominic Raab told the Commons that “any such collusion is entirely unacceptable, would never happen, and did not happen”.
The foreign secretary refused to say at prime minister’s questions whether Boris Johnson, or his predecessor, Theresa May, had spoken to the US president about any request to cooperate with the inquiry he had ordered into how the US intelligence agencies handled claims that Russia colluded with the Trump presidential campaign in 2016.
The collusion claim led to the lengthy report by Robert Mueller, which showed that Russia was attempting to swing the presidential election in favour of Trump but did not say whether there had been collusion between Russia and Trump.
Raab was asked whether, as reported in the Times, Trump had personally contacted Johnson to ask him to cooperate with the US inquiry.
The Labour MP Ben Bradshaw implied that the purpose of any Trump request might be “to undermine or smear British intelligence services, as well as damage cooperation with their US colleagues”.
Raab, deputising for Johnson at prime minister’s questions, said: “Neither the prime minister or, as then, the foreign secretary, would collude in the way that he described. That is entirely unacceptable and would never happen and did not happen.”
It is noticeable that the British government has been less willing than either the Australian or Italian governments to give details of help given to Trump’s inquiry into the role of the US intelligence services.
London forex trader sues Citigroup over ‘malicious’ forex prosecution
Kirstin Ridley, 02 October 2019
Rohan Ramchandani, the former European head of Citigroup’s forex spot market trading desk, alleges in a lawsuit filed on Wednesday that Citigroup made false and “gravely derogatory” assertions against him to government investigators and the media after firing him in 2014 without cause.
“Ultimately, Citi quite literally fabricated an antitrust case for the United States Department of Justice against Ramchandani based upon knowingly false allegations that he engaged in market ‘manipulation’ and ‘collusion’,” read the complaint filed in the federal court in Manhattan.
A spokeswoman for Citigroup in London said the bank rejected the allegations and would fight the case.
“Mr. Ramchandani’s claims of malicious prosecution are without merit and we will contest them vigorously,” she said.
Benzinga, 1 October 2019
Comment: This appears to be a stellar example of a life-saving vital technology company being destroyed by collusion between a placement agent and naked short sellers.
CFTC Orders Two Trading Firms, Bank to Pay a Total of $3 Million for Spoofing
CFTC, 1 October 2019
The U.S. Commodity Futures Trading Commission today announced that civil enforcement actions were filed and simultaneously settled against two trading firms and one bank for violating the Commodity Exchange Act’s (CEA) prohibition on spoofing (bidding or offering with the intent to cancel the bid or offer before execution). These cases were brought in connection with the Division of Enforcement’s Spoofing Task Force.
“As these cases demonstrate, the CFTC is committed to preserving the integrity of our markets—like the financial and precious metals futures markets at issue here—and to rooting out unlawful practices like spoofing,” said CFTC Enforcement Director James McDonald. “We will continue to vigilantly investigate and prosecute misconduct by entities that spoof in our markets.”
THE DOLLAR HAS NO INTRINSIC VALUE : DO YOUR ASSETS?
