Category: Article &#8211; Media

Fraser Perring: Chronicles of Deceit, Part I

Roddy Boyd

Foundation for Financial Journalism, 4 November 2019

Forty-six-year-old Fraser Perring, a resident of Lincoln, England, founded and runs Viceroy Research with two other analysts. Their investigations of what they claim are misleading corporate disclosures or flawed business models have regularly sent the stock prices of their targets spiraling downward.

But as revealed by a seven-month investigation by the Southern Investigative Reporting Foundation, Perring is a charlatan of the first order, with a brazen multiyear record of personal and professional deceit. It makes one wonder, If Perring is fudging the truth to reporters about houses and cars, what else is he not on the level about? A lot, it turns out.

The first part of this investigation lays out Perring’s erratic and troubling conduct, including some dubious methods to generate interest for his research on stock message boards and his impersonating a well-known hedge fund manager. Part two will examine the real forces backing and benefiting the business model of Perring and many other activist short sellers.

10/31/201905/12/2020

Article: H.C. WAINWRIGHT STICKS TO ITS BUY RATING FOR EKSO BIONICS (EKSO)

H.C. WAINWRIGHT STICKS TO ITS BUY RATING FOR EKSO BIONICS (EKSO)

Catie Powers

Markets.co, 31 October 2019

H.C. Wainwright analyst Swayampakula Ramakanth reiterated a rating on EKSO BIONICS ( – Research Report) today and set a price target of $1.20. The company’s shares closed last Monday at $0.66, close to its 52-week low of $0.48.

Comment: This company is at risk of collusion between a placement agent and naked short sellers.

RELATED:

Video: Ekso Bionics Killed by Naked Short Sellers – Thank You, HCWainwright for Front-Running Their Death

10/30/201903/31/2021

Article: Counter-Strike trading found to be ‘nearly all’ money laundering

Counter-Strike trading found to be ‘nearly all’ money laundering

Alex Hern, 30 October 2019

The gaming firm Valve has halted trading of some in-game items in its popular multiplayer shooter Counter-Strike: Global Offensive after discovering that “nearly all” of the trading was part of a money-laundering scheme run by “worldwide fraud networks”.

In CS:GO, players can earn containers with cosmetic items, which can be unlocked using keys bought either in-game or for real money from other players.

Valve said it had closed the market between players, and in patch notes for the latest version of CS:GO – first reported by Motherboard – it gave its reasons. Continue reading “Article: Counter-Strike trading found to be ‘nearly all’ money laundering”

10/28/201905/12/2020

Article: H.C. Wainwright Starts Ekso Bionics (EKSO) at Buy

H.C. Wainwright Starts Ekso Bionics (EKSO) at Buy

StreetInsider.com, 28 October 2019

H.C. Wainwright analyst Swayampakula Ramakanth initiates coverage on Ekso Bionics (NASDAQ: EKSO) with a Buy rating and a price target of $1.20.

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.

10/24/201904/27/2020

Article: Racketeering Law Makes Its Return to Wall Street

Racketeering Law Makes Its Return to Wall Street

Peter J. Henning

The New York Times 24 October 2019

Prosecutors have not brought a case under the Racketeer Influenced and Corrupt Organizations Act, or RICO, against Wall Street traders since the investment firm Princeton Newport Partners was indicted in the mid-1980s. The RICO charges filed recently against three traders at JPMorgan Chase indicate that prosecutors may be resurrecting the law to target white-collar defendants.

Prosecutors accused Michael Nowak, who was the head of precious metals trading at the bank, along with Gregg Smith and Christopher Jordan, of organizing the precious metals desk as a RICO enterprise to engage in “spoofing,” as well as wire and bank fraud in which JPMorgan and its customers were the victims

“Spoofing,” which was made a crime by the Dodd-Frank Act, happens when traders are “bidding or offering with the intent to cancel the bid or offer before execution.”

10/24/201905/12/2020

Article: Short sellers slammed as Tesla shares surge the most in 6 years

Short sellers slammed as Tesla shares surge the most in 6 years

Kevin Dugan

New York Post, 24 October 2019

Tesla shares are surging — and short sellers are hurting.

Wall Street investors betting against Tesla’s stock got clobbered to the tune of nearly $1.5 billion on Thursday after Elon Musk’s electric-car maker reported a surprise profit, giving the company’s shares their biggest boost in six years.

10/23/201903/10/2021

Article: Pan-Mass Challenge Raises Record $63 Million for Dana-Farber

Pan-Mass Challenge Raises Record $63 Million for Dana-Farber

Candid, 23 October 2019

The Dana-Farber Cancer Institute in Boston has announced a record $63 million gift from the Pan-Mass Challenge, an annual two-day cycling event that raises funds for adult and pediatric cancer research and patient care at Dana-Farber Continue reading “Article: Pan-Mass Challenge Raises Record $63 Million for Dana-Farber”

10/22/201905/12/2020

Article: H.C. Wainwright & Co. Is Once Again Ranked #1 by PlacementTracker

H.C. Wainwright & Co. Is Once Again Ranked #1 by PlacementTracker

BusinessWire, 22 October 2019

H.C. Wainwright & Co., LLC, announced its #1 Ranking by transaction volume during the third quarter of 2019, maintaining the Firm’s top position for 18 consecutive quarters, in PlacementTracker’s Market League Tables.

In addition to being the #1 Investment Bank for CMPO, RD and PIPE transactions, H.C. Wainwright executed 150 transactions in the first three quarters of 2019 totaling $5.5 Billion in transaction value. The H.C. Wainwright team has been the #1 ranked underwriter/placement agent by deal volume cumulatively since 1998.

Comment: This company is alleged to be one of the top front-runners helping naked short sellers destroy promising companies.

Learn more: HCWainwright @ NSS

10/22/201903/09/2021

Article: Pan-Mass Challenge Sets Record for Donations

Pan-Mass Challenge Sets Record for Donations

NewsCenter, 22 October 2019

The Pan-Mass Challenge announced their largest financial gift ever given to the Dana-Farber Cancer Institute. The record breaking $63 million check exceeds this year’s $60 million goal and brings the PMC’s 40 year fundraising total to $717 million.

The 40th Annual Pan-Mass Challenge bike-a-thon was held in early August, with the route going through Cape Cod all the way to Provincetown.

The PMC is the nation’s most successful single-event athletic fundraiser and donates 100 percent of every rider raised dollar to Dana-Farber, a world leader in adult and pediatric cancer treatment and research. Continue reading “Article: Pan-Mass Challenge Sets Record for Donations”

10/21/201905/24/2020

Article: Ex-Deutsche Bank Traders Must Face Spoofing Case, Judge Says

Ex-Deutsche Bank Traders Must Face Spoofing Case, Judge Says

Janan Hanna

Bloomberg, 21 October 2019

The criminal case against two former Deutsche Bank AG employees accused of fraudulent and manipulative precious-metals trading can proceed, after a federal judge on Monday rejected their request for dismissal.

U.S. District Judge John J. Tharp in Chicago said prosecutors had properly used the wire-fraud statute to charge James Vorley and Cedric Chanu with spoofing, part of an alleged multiyear scheme to defraud other traders on the Commodity Exchange Inc., a venue run by CME Group Inc.’s Chicago Mercantile Exchange.

10/17/201903/13/2021

Article: Fincrime Briefing: UBS pays to settle laundering probe, U.S., South Korea take down largest crypto-fueled child exploitation site, DOJ guidance on fines when you can’t pay, and more

Fincrime Briefing: UBS pays to settle laundering probe, U.S., South Korea take down largest crypto-fueled child exploitation site, DOJ guidance on fines when you can’t pay, and more

Brian Monroe, 17 October 2019

UBS pays $11 million to settle Italian money laundering probe, tied to tax fracas An Italian judge has accepted a request by UBS to pay more than 10 million euros ($11 million) to settle a money-laundering investigation, ending one of the Swiss bank’s biggest legal headaches in Europe, just the latest in a series of international probes and settlements tied to financial crime and compliance failures.

UBS has been grappling with two separate probes in Italy and a court case in France over allegations it enabled cross-border tax cheats to hide assets in Switzerland.

The judge on Thursday accepted the payment of 2.125 million euros as “agreed penalty” to close the case while also seizing 8.175 million euros as profit from the alleged money-laundering, two sources with direct knowledge of the matter said.

The settlement, which by Italian law is not an admission of guilt, was requested by UBS in July, after a deal with Italian prosecutors. Last June, the Swiss bank paid 101 million euros to settle its other Italian case, a related financial investigation, with tax authorities. Continue reading “Article: Fincrime Briefing: UBS pays to settle laundering probe, U.S., South Korea take down largest crypto-fueled child exploitation site, DOJ guidance on fines when you can’t pay, and more”

10/17/201904/08/2021

Article: Form S-1/A Bionano Genomics, Inc

Form S-1/A Bionano Genomics, Inc

EDGARFILINGS LTD, 17 October 2020

We are offering 5,265,000 shares of our common stock and common warrants to purchase an aggregate of 5,265,000 shares of our common stock (and the shares of common stock that are issuable from time to time upon exercise of the warrants). We are also offering to certain purchasers whose purchase of shares of common stock in this offering would otherwise result in the purchaser, together with its affiliates and certain related parties, beneficially owning more than 4.99% (or, at the election of the purchaser, 9.99%) of our outstanding common stock immediately following the consummation of this offering, the opportunity to purchase, if any such purchaser so chooses, pre-funded warrants, in lieu of shares of common stock that would otherwise result in such purchaser’s beneficial ownership exceeding 4.99% (or, at the election of the purchaser, 9.99%) of our outstanding common stock. Each pre-funded warrant will be exercisable for one share of our common stock. Continue reading “Article: Form S-1/A Bionano Genomics, Inc”

10/15/201905/17/2020

Article: Wirecard’s suspect accounting practices revealed

Wirecard’s suspect accounting practices revealed

Dan McCrum

Financial Times, 15 October 2019

FT Investigation: internal documents from the payments company point to a concerted effort to fraudulently inflate sales and profits

Comment: Dan McCrum is strongly suspected of being a shill for naked short sellers, and appears to be one of several journalists — others work for the Wall Street Journal — who routinely bash companies to further illegal naked short selling campaign. He should be deeply investigated.

10/15/201903/01/2021

Article: Bausch Health jumps after short seller says stock could double