Foreign Collusion, Naked Shorting (Counterfeiting) & Money Laundering — All Illicit Wealth
A naked short selling Death spiral lending group EXPOSED and TRAPPED by a Public company GTII This Firm
GENEVA ROTH REMARK HOLDINGS, INC had their Convertible Debt retired and has no way to cover naked short Position The press release
https://finance.yahoo.com/news/global-tech-industries-group-inc-200800416.html
Ihor Dusaniwsky
@ihors3
Naked Shorting – not a real thing in the U.S. market although it is talked about but rarely seen like Bigfoot, humble politicians and diet fried chicken.
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Texas Grid Failure: Why More Heads Need To Roll
Ed Hirs, 02 March 2021
The Texas electricity market failed. Yet in the words of ERCOT, the Electric Reliability Council of Texas, it functioned just as designed. ERCOT has congratulated itself for losing only 40% of the grid and is proceeding to settle transactions to transfer more than $50 billion from consumers to electricity generators. Why is there such an obvious disconnect?
The core premise of effective governance is that the officers and directors of any entity understand the business they govern. The late Yale University economist Paul W. MacAvoy used to state it this way: The purpose of the board of directors is to assist the CEO to develop the corporation’s strategy and then monitor performance. If performance is not up to expectations, the board must ask two questions. Continue reading “Article: Texas Grid Failure: Why More Heads Need To Roll”
FinCEN Must Staff Up to Fulfill Reform Mandate, Director Says
Dylan Tokar, The Wall Street Journal, 02 March 2021
The U.S. Treasury Department’s financial crimes unit is focused on acquiring the resources it needs to implement sweeping new anti-money-laundering reforms—in a way that doesn’t unnecessarily burden the financial industry, its director said.
Putting into practice the anti-money-laundering legislation, which was passed in January as part of an annual defense-policy bill, is a priority of the Financial Crimes Enforcement Network, FinCEN Director Kenneth Blanco said Tuesday at a virtual conference hosted by International Institute of Bankers.
“The priority is to make sure that we do everything that we can to implement the [law], everything that we can to get FinCEN in a position where it can accomplish that,” Mr. Blanco said.
That means making sure FinCEN is “fully staffed” and “fully resourced,” and conducts outreach needed to carefully write regulations surrounding the law, he said.
What’s Going On At Goldman? Another Senior Exec Just Jumped Ship
TYLER DURDEN, 02 March 2021
In the last few days, Goldman Sachs has lost two very senior executives from the investment bank’s two biggest bets on the future – consumer finance (Marcus) and wealth-management – and now, the behemoth’s chief lawyer is abandoning ship.
Leaving many asking – what is going on at Goldman? Continue reading “Article: What’s Going On At Goldman? Another Senior Exec Just Jumped Ship”
How Regulating GameStop’s ‘Market Manipulation’ Could Harm Crypto
Benjamin Sauter, Steven Perlstein, William McGovern and David McGill, 02 March 2021
The ongoing roller-coaster ride of GameStop, dogecoin and other so-called meme stocks has led day traders, market makers and exchanges to attack each other with knee-jerk accusations of “market manipulation.” When this happens, the primary winners are government regulators seeking to expand the scope of their authority. Industry cries of market “manipulation” – from all sides – are not only shortsighted. They also risk setting the market on a path towards an enforcement framework that all market participants may come to regret, no matter what side they think they are currently on.
Reddit takes on Wall Street
Since early this year, by sharing tips and organizing on social media platforms such as Reddit and Twitter, individual traders have been able to rally prices of meme stocks to unbelievable heights. First, it was GameStop, AMC and a handful of other targets, with traders sending prices skyward 1,500% or more. Then, traders set their sights beyond the securities markets: dogecoin (DOGE) rose over 800% in 24 hours after a tweet from Elon Musk rallied the masses behind it.
Aussie Bank Westpac Inks $25M Deal In Rate-Rigging Suit
Caleb Drickey, 02 March 2021
Australian bank Westpac has agreed to a $25 million deal settling claims that it conspired with a cabal of banking institutions to rig the price of derivatives based on an Australian foreign exchange benchmark.
Tuesday’s proposed deal would also compel Westpac, which denied all illegal conduct or wrongdoing, to turn over information related to the alleged price-fixing conspiracy. This would, according to the investors, strengthen cases against Westpac’s co-defendants and lead to similarly-structured deals with the accused conspirators.
In a memorandum, representatives for the proposed class expressed confidence that the newly announced deal would lead to further victories against defendant banks. Continue reading “Article: Aussie Bank Westpac Inks $25M Deal In Rate-Rigging Suit”
Thomas Sowell (/soʊl/; born June 30, 1930) is an American economist, social theorist, and senior fellow at Stanford University’s Hoover Institution.
Born in North Carolina, Sowell grew up in Harlem, New York. He dropped out of Stuyvesant High School and served in the Marine Corps during the Korean War. Upon returning to the United States, Sowell enrolled at Harvard University, graduating magna cum laude[1] in 1958. He received a master’s degree from Columbia University in 1959, and earned his doctorate in economics from the University of Chicago in 1968. Continue reading “Economist: Thomas Sowell”
Mariia Valeryevna Butina (Russian: Мария Валерьевна Бутина, sometimes transliterated as Maria Butina or Mariya Butina; born November 10, 1988) is a Russian who was convicted in 2018 of acting as an unregistered foreign agent of Russia within the United States.
Beginning in 2011, she worked as an assistant for Aleksandr Torshin, a former member of the Federation Council, a member of Vladimir Putin’s United Russia party, and a deputy governor of the Central Bank of Russia. In this role, she worked to infiltrate conservative groups in the US, including the National Rifle Association, as part of an effort to promote Russian interests in the 2016 United States presidential election. Continue reading “Subject: Maria Butina”
Peter Andreas Thiel (/tiːl/; born 11 October 1967) is a German-American billionaire entrepreneur and venture capitalist. A co-founder of PayPal, Palantir Technologies, and Founders Fund, he was the first outside investor in Facebook. He was ranked No. 4 on the Forbes Midas List of 2014, with a net worth of $2.2 billion, and No. 391 on the Forbes 400 in 2020, with a net worth of $2.1 billion. In 2016, Thiel confirmed that he had funded Hulk Hogan in the Bollea v. Gawker lawsuit because Gawker had previously outed him as gay. The lawsuit eventually bankrupted Gawker.
Born in Frankfurt, he moved with his family to the United States as an infant. He spent a portion of his upbringing in Southern Africa before the family settled in California in 1977. He studied philosophy at Stanford University, graduating with a B.A. in 1989. He then earned his J.D. from Stanford Law School in 1992. Continue reading “Entrepreneur: Peter Thiel”
Patrick M. Byrne (born November 29, 1962) is an American entrepreneur who was the CEO of Overstock.com. In 1999, Byrne launched Overstock.com after leading two smaller companies, including one owned by Warren Buffett’s Berkshire Hathaway. In 2002, Byrne took Overstock.com public. Since its initial public offering, Overstock.com has increased revenue to almost $1.8 billion, while achieving profitability in 2009.
In 2005, Byrne became known for his campaign against illegal naked short selling. Byrne and securities regulators maintained illegal naked shorting had been used in violation of securities law to distort prices of public companies’ stock. Under his direction, Overstock.com filed two lawsuits alleging improper acts by Wall Street firms, a hedge fund, and an independent research firm.[5] In each case the defendants settled with Overstock.com out of court. Continue reading “Entrepreneur: Patrick M. Byrne”
Peter Paul Strzok II (/ˈbluːmənθɔːl/; born February 13, 1946) (/strʌk/, like struck; born March 7, 1970) is a former United States Federal Bureau of Investigation (FBI) agent. Strzok was the Chief of the Counterespionage Section and led the FBI’s investigation into Hillary Clinton’s use of a personal email server.
Strzok rose to become a Deputy Assistant Director (one of several) of the Counterintelligence Division, the second-highest position in that division. He also led the FBI’s investigation into Russian interference in the 2016 United States elections. Continue reading “Subject: Peter Strzok”
THE DOLLAR HAS NO INTRINSIC VALUE : DO YOUR ASSETS?
