Mia – Page 84 – Financial Treason & Crime

Danny Nelson, 20 September 2019

In a blog post at his DeepCapture.com, Byrne said that, by the end of the week, he will have reinvested all of the proceeds into “investments that are counter-cyclical to the economy.”

“Gold, silver and two flavors of crypto,” he wrote.

A longtime proponent of cryptocurrency — Overstock was one of the first companies to accept crypto payments, launched the tZERO security token trading platform and acquired the company behind Ravencoin — Byrne was ahead of the curve, but perhaps too much so, as the external pressures against him compelled his resignation from the company last month. Continue reading “Article: Byrne Sells Overstock Stake to Buy Crypto and Battle ‘Deep State’”

09/19/201903/08/2021

Article: Short Sellers Piling Into Chinese Stocks As Trade Tensions Rise

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Short Sellers Piling Into Chinese Stocks As Trade Tensions Rise

Wayne Duggan, 19 September 2019

Trade tensions between China and the U.S. are once again on the rise over President Donald Trump’s threats to ban TikTok and WeChat in the U.S. starting on Sunday. With the November election now only about six weeks away, S3 Partners analyst Ihor Dusaniwsky said short sellers are targeting Chinese stocks in a major way.

Dusaniwsky said China and Hong Kong short interest now totals $104 billion, an increase of $2.03 billion in the past month. The dispute between Trump and China over TikTok could be a preview of what’s to come between now and the election, and short sellers seem to believe Chinese stocks could suffer. Continue reading “Article: Short Sellers Piling Into Chinese Stocks As Trade Tensions Rise”

09/19/201903/10/2021

Article: Overstock Falls to Support as Former CEO Cashes Out 4.7M Shares

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Overstock Falls to Support as Former CEO Cashes Out 4.7M Shares

JUSTIN KUEPPER, 19 September 2019

Overstock.com, Inc. (OSTK) shares fell to key support levels after former CEO Patrick Byrne disclosed the sale of 4.7 million shares in a Form 4 SEC filing earlier this week. While large insider sales are typically a bearish signal, Byrne noted in a letter that the sale was due to insurance, controversy, and hedging rather than a lack of confidence in the company. Continue reading “Article: Overstock Falls to Support as Former CEO Cashes Out 4.7M Shares”

09/19/201903/10/2021

Article: Overstock’s controversial former CEO sold his entire $90 million stake to pile into gold and crypto investments (OSTK)

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Overstock’s controversial former CEO sold his entire $90 million stake to pile into gold and crypto investments (OSTK)

Ben Winck, 19 September 2019

Overstock founder and former CEO Patrick Byrne sold nearly 5 million shares totaling roughly $90 million in order to invest in “counter-cyclical” assets like gold and cryptocurrencies.

Byrne plans to make his new investments by Friday. He can also provide “a capital injection if needed by buying back into Overstock” as soon as March 17, 2020, a Wednesday blog post highlighted.

The former executive added that his move into crypto and precious metals allows him to move his capital “outside acts of retaliation from the Deep State.” Continue reading “Article: Overstock’s controversial former CEO sold his entire $90 million stake to pile into gold and crypto investments (OSTK)”

09/19/201903/09/2021

Article: Overstock’s Former CEO Patrick Byrne Unloads His Entire Stake

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Overstock’s Former CEO Patrick Byrne Unloads His Entire Stake

Lauren Debter, 19 September 2019

Overstock founder Patrick Byrne, who resigned abruptly as CEO last month, has sold his entire stake in the online retailer.

Byrne unloaded close to 5 million shares, worth about $90 million before taxes, according to a regulatory filing Wednesday evening. Byrne was previously the company’s largest shareholder. Last month, after resigning, he told Forbes that he intended to hold onto his shares, saying he had “great, great enthusiasm for the prospects of the company.” Continue reading “Article: Overstock’s Former CEO Patrick Byrne Unloads His Entire Stake”

09/13/201903/13/2021

Article: Testimony Concerning The Involvement of Organized Crime on Wall Street

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Testimony Concerning The Involvement of Organized Crime on Wall Street

Richard H. Walker, 13 September 2019

The government has charged affiliates of organized crime families with securities law violations in several recent cases. While any unlawful activity by organized crime on Wall Street is cause for concern, the Commission believes such activity to be limited and not a threat to the overall integrity of our nation’s securities markets. The Commission’s experience shows that the activities of organized crime have been confined to the “microcap” securities market1 and taint only a small fraction of that sector. Moreover, through joint prosecutions with various United States Attorney’s Offices and state and local prosecutors, as well as the adoption of regulatory initiatives designed to safeguard the microcap market, the Commission has made significant strides in curtailing organized crime activity on Wall Street. Continue reading “Article: Testimony Concerning The Involvement of Organized Crime on Wall Street”

09/04/201903/15/2021

Article: Court Dismisses Some FX Rigging Claims Against Credit Suisse

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Court Dismisses Some FX Rigging Claims Against Credit Suisse

Aziz Abdel-Qader, 04 September 2019

A New York judge overseeing litigation accusing 16 banks of rigging prices in the foreign exchange market on Wednesday narrowed, but refused to dismiss antitrust lawsuits against Credit Suisse Group AG.

A group of investors has sued the global banks back in May for allegedly rigging prices for their own benefit by sharing confidential orders and trading positions. Continue reading “Article: Court Dismisses Some FX Rigging Claims Against Credit Suisse”

08/25/201903/10/2021

Article: Overstock’s Patrick Byrne: the rise and fall of a blockchain pioneer

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Overstock’s Patrick Byrne: the rise and fall of a blockchain pioneer

Scott Thompson, 25 August 2019

Patrick Byrne this week resigned as CEO of US online retailer Overstock. The move closely followed the announcement of disappointing Q2 2019 financial results.

In a letter, he said it was impossible to continue due to distraction and fallout related to his involvement in a Federal Bureau of Investigation Russian espionage probe. Continue reading “Article: Overstock’s Patrick Byrne: the rise and fall of a blockchain pioneer”

08/23/201903/09/2021

Article: Remarkable Admission from Overstock.com CEO

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Remarkable Admission from Overstock.com CEO

Kathleen Mary Willis, 23 August 2019

Overstock.com, Inc. (NASDAQ:OSTK) CEO Patrick M. Byrne has released the following statement:

“Sara Carter has published two articles relating the following claims of mine:

Starting in 2015 I (operating under the belief that I was helping legitimate law-enforcement efforts) assisted in what are now known as the ‘Clinton Investigation’ and the ‘Russian Investigation’ (in fact, I am the notorious ‘missing Chapter 1’ of the Russian investigation). It was the third time in my life I helped the Men in Black: the first was when my friend Brian Williams was murdered, and the second was when I helped the M.I.B. shake up Wall Street a decade ago. Unfortunately, this third time turned out to be less about law enforcement and more about political espionage conducted against Hillary Clinton and Donald Trump (and to a lesser degree, Marco Rubio and Ted Cruz). Continue reading “Article: Remarkable Admission from Overstock.com CEO”

08/22/201903/09/2021

Article: Patrick Byrne Goes on Fox News Making Serious Allegations Against Former Obama Administration Officials

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Patrick Byrne Goes on Fox News Making Serious Allegations Against Former Obama Administration Officials

JD Alois, 22 August 2019

Former Overstock (NASDAQ:OSTK) CEO Patrick Byrne was visiting with the studios of Fox News today following his abrupt resignation earlier today from the company he founded.

Byrne is widely recognized as a pioneer in the blockchain sector having launched several companies, including tZero, targeting the issuance of digital assets/security tokens.

Byrne, interviewed on The Story with Martha MacCallum, went on the air making serious allegations against former Obama Administration officials. The entire proceedings were shocking.

Byrne explained that he has been troubled by the chain of events and he recently spoke to long-time family friend Warren Buffett for advice – who told him to come forward. Continue reading “Article: Patrick Byrne Goes on Fox News Making Serious Allegations Against Former Obama Administration Officials”

08/15/201903/29/2021

Article: GE CEO Slams Whistleblower Report As ‘Market Manipulation’

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GE CEO Slams Whistleblower Report As ‘Market Manipulation’

Rachel Sandler, 15 August 2019

In response to a whistleblower report claiming to have uncovered massive accounting irregularities at General Electric, CEO Larry Culp said the author of the report, who previously raised concerns about Bernie Madoff’s ponzi scheme years before it was brought down, is engaging in “market manipulation” and stands to gain by tanking GE shares.

Harry Markopolos claims in the 175-page report that GE is falsifying financial statements to cover up massive losses related to its long-term-care insurance unit and the company’s oil and gas business, adding that GE is using many of the same accounting practices Enron did. Continue reading “Article: GE CEO Slams Whistleblower Report As ‘Market Manipulation’”

08/12/201904/10/2021

Article: Form 6-K Inmode Ltd.

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Form 6-K Inmode Ltd.

TOPPAN MERRILL, 12 August 2019

On August 12, 2019, InMode Ltd., an Israeli company (the “Company”) closed its previously announced initial public offering (the “IPO”) in which the Company offered 5,000,000 ordinary shares. The aggregate gross proceeds, before deducting underwriting discounts and commissions and other offering expenses, to InMode from the offering were approximately $70.0 million. In connection with the sale of the ordinary shares on August 12, 2019, on August 7, 2019, the Company entered into an underwriting agreement (the “Underwriting Agreement”) by and among the Company, Barclays Capital Inc. and UBS Securities LLC, acting as representative of the several underwriters named on Schedule I thereto (the “Underwriters”), pursuant to which the Company agreed to issue and sell the ordinary shares to the Underwriters. A copy of the executed Underwriting Agreement is attached hereto as Exhibit 1.1 and is incorporated herein by reference.

On August 12, 2019, the Company issued a press release announcing the closing of the IPO. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

On July 29, 2019, the Company filed the form Amended and Restated Articles of Association. On August 7, 2019, they became effective. A copy of the Amended and Restated Articles of Association is attached hereto as Exhibit 3.1 and is incorporated by reference.

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08/12/201903/18/2021

Article: Burford Capital adamant last week’s share price plunge was down to ‘illegal market manipulation’

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Burford Capital adamant last week’s share price plunge was down to ‘illegal market manipulation’

Tom Howard, 12 August 2019

On 6 August alone, Burford reckons almost £90mln of sell orders were placed and cancelled, artificially driving down the value of its shares. Burford Capital Limited (LON:BUR) is adamant that last week’s share price plunge owed more to “illegal market manipulation” than any flaws in its business.

Last week, shares in the litigation funder plunged by more than a third after notorious US short-seller Muddy Waters accused it of “Enron-esque mark-to-model accounting” and “egregiously misrepresenting” its returns. Continue reading “Article: Burford Capital adamant last week’s share price plunge was down to ‘illegal market manipulation’”

08/06/201904/12/2021

Article: China accuses US of ‘deliberately destroying’ world order

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China accuses US of ‘deliberately destroying’ world order

Dominic Rushe , Lily Kuo, 06 August 2019

China stepped up the trade war rhetoric on Tuesday, accusing the US of “deliberately destroying international order” with “unilateralism and protectionism”.

A day after Washington branded China a currency manipulator in a rapidly escalating trade dispute, China’s central bank said it “deeply regretted” the move by the US and said such behaviour “seriously undermined international rules” and damaged the global economy. Continue reading “Article: China accuses US of ‘deliberately destroying’ world order”

08/06/201903/21/2021

Article: Peter Navarro: Goldman Sachs is the ‘commander-in-chief’ of offshoring

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Peter Navarro: Goldman Sachs is the ‘commander-in-chief’ of offshoring

Nick Giampia, 06 August 2019

White House trade adviser Peter Navarro on Monday slammed Goldman Sachs, after they claimed President Trump’s China tariffs last year raised the prices of goods and hurt American businesses.

“Goldman Sachs, they are the commander-in-chief on Wall Street of offshoring,” Navarro told FOX Business’ Lou Dobbs on “Lou Dobbs Tonight.”

Last Sunday, Navarro spoke with Fox News host Christopher Wallace about the U.S.-China trade dispute.

Wallace pulled up a chart from Goldman Sachs, which showed President Trump’s tariffs raised the price of goods more than the rate of inflation. In addition, the anchor also talked about a report the bank released in May that said the cost of Trump’s tariffs last year have fallen “entirely” on American businesses and households.

“China is bearing the entire burden of these tariffs through currency manipulation and through slashing prices and if you look at inflation rates from 2018 to 2019 they’re down, including on our imports,” Navarro told Dobbs.

The Treasury Department declared China as a currency manipulator, after the Chinese let the yuan fall below 7 to the U.S. dollar.

Navarro continued to push back against Goldman, questioning whether the tariffs really had the effect the chart was suggesting.

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