Foreign Collusion, Naked Shorting (Counterfeiting) & Money Laundering — All Illicit Wealth
Cramer on rampant market speculation: ‘I’ve never seen so many games played with stocks’
Jesse Pound, 09 June 2020
CNBC’s Jim Cramer cautioned investors on Tuesday to avoid the risky stocks favored by day traders these days amid rampant speculation in the market.
“I’ve never seen so many games played with stocks, which is that, ‘hey, we’re taking this one up today. We’re taking that one up today,’” Cramer said on “Squawk on the Street.”
A whistleblower just took home $50 million — the biggest award the SEC has ever paid
Jordan Valinsky
CNN, 5 June 2020
The US Securities and Exchange Commission has paid out its largest-ever whistleblower award — nearly $50 million.
The whistleblower tipped off the agency to a currency manipulation scheme at a massive bank, resulting in a “successful enforcement action,” the SEC said Thursday.
The Wall Street Journal, which conducted an investigation about the scheme, reported the whistleblower is a trader from Bank of New York Mellon (BKPRC) who alerted the SEC about the bank’s reported pattern of “overcharging big clients on currency trades.”
Prosecutors search Wirecard premises in market manipulation probe
Thomas Escritt, 05 June 2020
BERLIN, June 5 (Reuters) – Prosecutors in Munich said they had searched the premises of financial services company Wirecard and opened proceedings against its management board as part of a market manipulation probe by BaFin, Germany’s financial regulator.
In a statement on Friday, prosecutors said the company was suspected of having issued misleading information which may have impacted Wirecard’s share price between March 12 and April 22.
Wirecard confirmed in a statement that its premises had been searched as part of an investiugation targeting its management board. It said it was cooperating fully with the investigation.
Goldman Sachs starts shorting the dollar as economic reopenings boost foreign currencies
Ben Winck, 01 June 2020
Economic reopenings outside the US are lifting foreign currencies and creating a strong opportunity for some bets against the dollar, Goldman Sachs strategists said in a Sunday note.
Cash assets served as an initial safe haven for investors as the coronavirus spread throughout the US in March and fueled new recession fears. With economic reopenings taking effect around the world and new stimulus measures further lifting sentiments, the firm highlighted the Norwegian krone as best suited for a bet against the dollar.
“We have maintained for some time that it was too early to look for outright and sustained dollar downside given the balance of cyclical risks,” the team led by Zach Pandl wrote. Yet “the steady reopening process, limited evidence of a pickup in COVID infection rates” and new relief policy like the EU Recovery Fund make Norway appear “well-positioned to outperform through the coronavirus shock,” they added.
9 FINANCIAL GURUS WHO’VE GIVEN TERRIBLE ADVICE
Accounting Degree, 01 June 2020
Many Americans turn to financial gurus for personal finance advice. Twenty-four-hour news stations, online media, and a wealth of financial books have made it easy to tune into your financial wizard of choice. And while there’s a lot of good advice being shared by financial gurus, even the best are bound to slip up at some point. Here, we’ll take a look at financial gurus, some good and some bad, that have at one point given terrible advice to their fans and clients.
Continue reading “Article: 9 FINANCIAL GURUS WHO’VE GIVEN TERRIBLE ADVICE”
Here’s Why Cerence Stock Crashed on Thursday
Jon Quast, 28 May 2020
Shares of automotive-technology company Cerence (NASDAQ: CRNC) crashed on Thursday after the company announced a convertible debt offering of $150 million. The stock was down by a single-digit percentage for most of the day before falling further in late trading. It finished 16% lower.
Even after today’s pullback, Cerence stock has beaten the market since it was spun off from Nuance Communications in October 2019.
Continue reading “Article: Here’s Why Cerence Stock Crashed on Thursday”
Deutsche Bank, BlackRock CEOs warn against too much optimism in markets
Reuters Staff, 27 May 2020
FRANKFURT (Reuters) – The heads of Deutsche Bank DBKGn.DE and BlackRock BLK.N on Wednesday warned against too much optimism in financial markets. Continue reading “Article: Deutsche Bank, BlackRock CEOs warn against too much optimism in markets”
Has Wall Street Stolen $100 Trillion from the American Public? Will Donald Trump Get It Back?
Tehran Times, May 26, 2020 – International
TEHRAN – Robert David Steele, a former Marine Corps infantry officer and CIA spy as well as an activist for Open Source Everything Engineering (OSEE), contributes regularly to Tehran Times.
“For Guys Like Me, It’s All About Sheer Luck”: Why Retail Traders Are Facing “Catastrophic Losses”
Comment: Zero Hedge is such a shit rag when it comes to honesty about how the system works. Day Traders / retail traders you can they are facing major losses The poor bastards stand a better chance at a casino at least they will give you a FREE DRINK.. Wall St little known secret is BIG Players will counterfeit shares into their buying and when they run our of money the stocks will go straight down WELCOME TO FRAUD ST. Poor Retail investors you know them Fireman, Police ,Nurses ,Teachers, military it goes on and on we all tell them what a great job,, BUT not on our field we will take your heads off But Thanks for playing
Sorrento Therapeutics Analyst Says Coronavirus Antibody Cocktail One Of Few Non-Vaccine Options
Sorrento Therapeutics Inc (NASDAQ: SRNE) shares spiked 158% Friday after the company disclosed that it has identified an antibody that demonstrated 100% inhibition of SARS-CoV-2 virus infection.
The Sorrento Analyst
H.C. Wainwright analyst Raghuram Selvaraju has a Buy rating on Sorrento with a $24 price target.
Comment: Every placement these guys do seems to sour. Time for an investigation?
Competing Comment: Every placement is subject to naked short selling pressure, without an investigation you cannot know for sure. Some companies do have histories. HCWainwreight appears to be one of them.
Moderna Plunges – Erases All Vaccine-Hope Gains
MRNA shares have tumbled back to pre-Vaccine headline levels this morning leaving all buyers of the follow-on offering significantly underwater…
Comment: Not a word about naked short selling, which has been obvious since March. Could it be that Zero Hedge is part of the media ecology protecting Wall Street financial crime from being discussed?
Overstock Distributes Digital Dividend to Shareholders as Scheduled
RELATED:
Overstock Stock Is Flying Higher After a Digital Dividend Distribution
Comment: If you have not received your digital dividend — and if your broker is offering you an IOU or market value credit — you are being cheated. Please email me at robert.david.steele.vivas AT gmail DOT com to be put in touch with the legal team that is accumulating evidence against the naked short sellers who have been cheating the public in specific relation to Overstock all these years.
Merrill Lynch Traders Can’t Avoid Spoofing, Fraud Charges
Law360, 21 May 2020
The government’s June 2018 indictment says the traders’ scheme between June 2009 and October 2014 created the illusion of market movement by using large orders to inflate the price, with no intention of filling the orders, thus committing wire fraud, commodities fraud and conspiracy to commit commodities fraud.
Lululemon Athletica Inc. Provides Update on Phased Global Store Reopening Plan
Business Wire, 21 May 2020
VANCOUVER, British Columbia — lululemon athletica inc. (NASDAQ:LULU) today provided details on the company’s phased reopening plan for its global store operations.
After closing the majority of lululemon stores globally outside of Greater China in mid-March, the company is gradually welcoming guests back to select locations where it is permitted to do so. lululemon’s phased reopening approach incorporates key learnings from its successful reopening in Greater China and is being carried out week-by-week, market-by-market in accordance with local government and public health authority guidelines. As of today, lululemon has reopened over 150 store locations across North America, Europe, Asia, New Zealand and Australia, with approximately 200 additional locations set to reopen over the next two weeks. Continue reading “Article: Lululemon Athletica Inc. Provides Update on Phased Global Store Reopening Plan”
PharmaCielo rebounds after reporting world’s lowest legal production costs
Jared Gnam, 21 May 2020
After a March 2 short-seller report sent shares of PharmaCielo Ltd. (TSX-V: PCLO) tanking for nearly two months, the valuation of Colombia’s largest cannabis grower rebounded 36 per cent this week as it posted promising fourth-quarter results. On Thursday, the Toronto-headquartered company said it generated a modest $657K in revenues during Q4, which ranks low among Canada’s publicly-traded licensed producers.
But the parent company of PharmaCielo Colombia Holdings also reported an all-in production cost for dried cannabis of $0.04 per gram at its Colombian operations. That’s the lowest production cost recorded in the legal worldwide weed industry, according to the company.
Continue reading “Article: PharmaCielo rebounds after reporting world’s lowest legal production costs”
THE DOLLAR HAS NO INTRINSIC VALUE : DO YOUR ASSETS?
