Foreign Collusion, Naked Shorting (Counterfeiting) & Money Laundering — All Illicit Wealth
PRNewswire, 30 June 2020
Report entitled “Time To Nix Management” outlines how Prestige Consumer Healthcare Inc. (“PBH”, “Prestige” or “the Company”) faces 40%-60% downside risk to approximately $15 to $23 per share. The full contents of the report can be reviewed at www.sprucepointcap.com. Continue reading “Article: Spruce Point Capital Management Releases A Strong Sell Research Opinion On Prestige Consumer Healthcare Inc. (NYSE: PBH)”
Coffee’s for Closers: How a Short Seller’s Warning Helped Take Down Luckin Coffee
Jing Yang in Hong Kong, Juliet Chung in New York and Julie Steinberg in London, 23 June 2020
In January, days after the shares of Luckin Coffee Inc. hit a record high on the Nasdaq Stock Market , giving the company a $12 billion valuation, a cryptic email arrived in the inboxes of multiple short sellers. “A new generation of Chinese Fraud 2.0 has emerged,” it said. “Companies that start off as fundamentally and structurally flawed business model [sic] that evolves into fraud.” The author offered to share customer receipts and videos from Luckin Coffee outlets, attached a long report about the company and said the short sellers could publish and take credit for it. Continue reading “Article: Coffee’s for Closers: How a Short Seller’s Warning Helped Take Down Luckin Coffee”
Why Investors Are Talking About Hyliion and Tortoise Acquisition
John Rosevear, 28 June 2020
Shares of Tortoise Acquisition (NYSE:SHLL) are on quite a run. The stock ended Friday’s session up 41.2% on the day — and up 140% since the morning of June 19, when it announced plans to merge with a company called Hyliion. The quick run-up has investors asking some big questions. Did I miss something? Is this a scam? Who the heck are these guys?
What is Tortoise Acquisition?
Tortoise is a special-purpose acquisition company, or SPAC, a type of company created specifically to acquire one or more other companies. Sometimes called a “shell company,” SPACs generally have no ongoing businesses of their own. In this case, Tortoise was created by a team of veteran energy-industry executives and investors with the goal of finding and investing in one or more good businesses related to their shared area of interest, renewable natural gas. That’s where Hyliion comes in.
Continue reading “Article: Why Investors Are Talking About Hyliion and Tortoise Acquisition”
Founder & Chief Investment Officer at Safkhet Capital
Born in the USA to Bangladeshi parents. Left PhD track to do research at Deallus Consulting. Recruited by Michael Krensavage to be a short seller.
Central to the short selling of both Valeant and Wirecard. Has enjoyed a massive media elevation with no inquries into her connections to naked short sellers who destroyed both Valeant and Wirecard.
Website: https://safkhetcapital.com/
Comment: There is a new layer of naked short sellers and bashers on Wall Street that is connected to India, Pakistan, and Bangldesh. They are the new gang in town.
The woman shaking up Wall Street
Safi Thind, SquareMile, 7 February 2020
“Valeant had a certain reputation within the industry,” she says. “I knew it was already engaged in unethical, potentially fraudulent practice. Pharmaceuticals are a very established industry, when someone tries to disrupt it and post unusual numbers, there’s probably something wrong.”
Short-sellers need more transparency, says former SEC commissioner
Ben Ashwell, Corporate Secretary, 26 June 2020
Former SEC commissioner Robert Jackson says he is troubled by the ‘increasing evidence of manipulation through short-selling’, and calls on his former colleagues at the SEC to consider a proposal for greater transparency for short-sellers.
Russian scammer tied to Naama Issachar case jailed for 9 years by US court
MATTHEW BARAKAT, 27 June 2020
A Russian computer hacker who facilitated $20 million in credit card fraud and ran a sophisticated clearinghouse for international cybercriminals was sentenced Friday to nine years in prison.
Prosecutors say Aleksey Burkov of St. Petersburg, Russia, filled a unique niche in the world of cybercrime, describing his Direct Connection website as “the most exclusive criminal forum on the web.” Would-be participants had to put up a $5,000 bond and have three existing members vouch for them. Once inside, members could buy and sell stolen credit-card numbers, hacking services and malware, and criminals with different skill sets could join forces to launch schemes. Continue reading “Article: Russian scammer tied to Naama Issachar case jailed for 9 years by US court”
Russian Cybercriminal Gets 9 Years for Online Fraud Website
Associated Press, 27 June 2020
A Russian computer hacker who facilitated $20 million in credit card fraud and ran a sophisticated clearinghouse for international cybercriminals was sentenced Friday to nine years in prison.
Prosecutors say Aleksei Burkov of St. Petersburg, Russia, filled a unique niche in the world of cybercrime, describing his Direct Connection website as “the most exclusive criminal forum on the web.” Would-be participants had to put up a $5,000 bond and have three existing members vouch for them. Once inside, members could buy and sell stolen credit-card numbers, hacking services and malware, and criminals with different skill sets could join forces to launch schemes.
“You’ve made it as a criminal once you get on Direct Connection because you have access to the best criminals in the world,” prosecutor Kellen Dwyer said at Friday’s sentencing hearing. Continue reading “Article: Russian Cybercriminal Gets 9 Years for Online Fraud Website”
Russian national pleads guilty to being part of $568 million fraud ring
Sean Lyngaas, 26 June 2020
A 33-year-old Russian man has pleaded guilty to being part of a cybercriminal enterprise that caused more than $568 million in losses through identity theft and stolen payment cards, the U.S. Justice Department announced Friday. Continue reading “Article: Russian national pleads guilty to being part of $568 million fraud ring”
Cartoon sponsored by Robert David Steele https://robertdavidsteele.com
SHORT URL THIS POST:
https://tinyurl.com/POTUS-DMX4
25 June 2020
DECISION MEMORANDUM FOR THE PRESIDENT
From: Robert David Steele
Subject: Eradicating Crime on Wall Street, Recovering $100 Trillion, Passing Election Reform Legislation, Winning the Mother of All Landslides
German watchdog updates market manipulation case against Wirecard
Douglas Busvine, 23 June 2020
BERLIN, June 23 (Reuters) – Germany’s financial watchdog said on Tuesday it had filed an updated case against Wirecard , saying the collapsed payment company’s disclosure of a $2.1 billion financial hole showed it had sought to mislead markets.
The regulator Bafin said it had filed a follow-up to an earlier complaint with Munich prosecutors as it now suspected Wirecard’s accounts for 2016, 2017 and 2018 had misstated revenues and assets.
“This also strengthens the suspicion that the information contained in its financial reports sent false signals for Wirecard’s share price and thus violated a ban on market manipulation,” Bafin said in a statement.
Hyliion Holdings Corp (HYLN): SHLL is a scam
investorguru2 , 22 June 2020
SHLL is a scam. Their market cap at 10$ a share is 1.5Billion$ and at 20$ a share, their market cap is 3Billion$. They have a cash of 560 million $. So the current market cap of the Hyliion company is 2.4 Billion$ for a company we have no idea about the revenue or sales. The current float is 23 million shares and they are already sitting on a 80% profit and they are bound to take those profits. Then the shortable shares also would put pressure, then the market makers have incentive to short and the Hyliion management is happy with the 2.4billion $ valuation they have currently. They are not worried about the short term valuation dip that is bound to happen and the price may recover again close to third quarter of 2020 when the merger actually happens if Hyliion can prove that its worth 2.4 billion $. So short term, I am making a bearish case here.
Continue reading “Article: Hyliion Holdings Corp (HYLN): SHLL is a scam”
CNBC’s Jim Cramer says enough is enough: ‘This is the beginning of the end of the selloff’
Shawn Langlois, 21 June 2020
The stock market was getting beaten up pretty badly midway through Monday’s trading session, with the Dow Jones Industrial Average DJIA, -0.38% down more than 800 points amid rising concerns of another spike in COVID-19 cases in Europe.
But CNBC’s “Mad Money” host Jim Cramer, who has been telling his viewers for weeks to consider locking in profit, doesn’t seem to be too worried about it.
THE DOLLAR HAS NO INTRINSIC VALUE : DO YOUR ASSETS?
