Category: Publications

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Release: President Trump Briefed on NSA Capabilities Against Financial Crime

Release

President Trump Briefed on NSA Capabilities Against Financial Crime

Senior-level sources confirm that President Trump is now fully aware of NSA holdings relevant to mapping all individuals on Wall Street engaged in organized financial crime.

WASHINGTON, D.C. Earth Intelligence Network has learned that President Donald Trump has been briefed on and is now fully aware of National Security Agency (NSA) holdings relevant to mapping all individuals on Wall Street who have communicated via any electronic channel to advance naked short selling and money laundering, both federal as well as state crimes.

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Article: Researchers say market manipulation is destroying traditional safe havens

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Researchers say market manipulation is destroying traditional safe havens

Valentina Ruiz Leotaud

Mining.com, 17 May 2020

The University of Sussex Business School released an analysis stating that widespread market turmoil caused by the covid-19 pandemic means regulators have so much on their plates right now that large-scale manipulation of the markets remains below their radar.

In the view of the researchers behind the study, this is the reason why prices of safe-haven assets such as gold and bitcoin are not surging.

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Article: Buffett Sells More Stocks, Including Goldman Sachs, With No ‘Elephant-Sized’ Acquisition On The Horizon

Article - Media

Buffett Sells More Stocks, Including Goldman Sachs, With No ‘Elephant-Sized’ Acquisition On The Horizon

16 May 2020

Forbes, Sergei Klebnikov

Billionaire investor Warren Buffett, who told investors earlier this month that he had made a “mistake” betting on airlines, is continuing to sell stocks amid the coronavirus pandemic, the latest regulatory filing from Berkshire Hathaway shows.

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Article: Warren Buffett’s Berkshire Hathaway sells majority of stake in Goldman Sachs

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Warren Buffett’s Berkshire Hathaway sells majority of stake in Goldman Sachs

Jazmin Goodwin

CNN, 16 May 2020

Warren Buffett’s Berkshire Hathaway (BRKA) sold off 84% of its stake in Goldman Sachs (GS) during the first quarter, according to a regulatory filing.

The conglomerate slashed its holdings in the investment bank to 1.9 million shares from 12 million shares, according to SEC filings released Friday. Goldman Sachs’s share price plunged by almost a third during the first quarter as the novel coronavirus swept the nation.

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Article: Two Russian financiers who used Bruce Willis as the face of their collapsed bank face having their UK riches seized after racking up £730m debts amid claims they siphoned off customers’ savings

Article - Media, Publications

Two Russian financiers who used Bruce Willis as the face of their collapsed bank face having their UK riches seized after racking up £730m debts amid claims they siphoned off customers’ savings

KATE DENNETT, 16 May 2020

Two Russian bankers, who lived in luxury in England, face having their assets seized by financial investigators after they were declared the second-biggest bankrupts in British history.

Financial investigators are searching to claim former Russia’s National Bank Trust (NBT) shareholders Ilya Yurov and Nikolay Fetisov’s assets. This comes after they were accused of siphoning off customers’ savings through a network of shell companies, The Times reported. Continue reading “Article: Two Russian financiers who used Bruce Willis as the face of their collapsed bank face having their UK riches seized after racking up £730m debts amid claims they siphoned off customers’ savings”

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Article: Warren Buffett’s Berkshire Hathaway slashed its Goldman Sachs stake by 84% last quarter

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Warren Buffett’s Berkshire Hathaway slashed its Goldman Sachs stake by 84% last quarter

Theron Mohamed

BusinessInsider, 15 May 2020

Warren Buffett’s Berkshire Hathaway slashed its Goldman Sachs holdings and sold its stakes in energy group Philips 66 and insurer Travelers in the first quarter, according to a Securities and Exchange Commission filing released on Friday.

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Article: Burford Loses Bid For LSE Trader Info In Short-Selling Attack

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Burford Loses Bid For LSE Trader Info In Short-Selling Attack

Richard Crump, Ed Harris

Law360, 15 May 2020

Burford Capital has failed to win a court order to force the London Stock Exchange to hand over the names of traders that dealt in its shares. (iStock)

Judge Andrew Baker has refused to grant an application by Burford Capital Ltd. for a court order to force the exchange to hand over the names of traders that bought and sold the funder’s shares on Aug. 6 and 7, 2019.

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Article: Burford Capital loses fight to force London Stock Exchange to hand over confidential trading data

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Burford Capital loses fight to force London Stock Exchange to hand over confidential trading data

Global Legal Post, 15 May 2020

Litigation funder Burford Capital has conceded defeat in an unprecedented battle with the London Stock Exchange (LSE) after the High Court rejected its application for the LSE to hand over confidential trading information.

Burford was seeking the identities of market participants trading in its shares in a bid to prove that its share price had been illegally manipulated during a sell-off that occurred after a heavily critical research report by hedge fund Muddy Waters last August.

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Article: “Selling American” Buffett Dumps Most Of His Goldman Stake, Trims JPMorgan In Turbulent First Quarter

Article - Media

“Selling American”: Buffett Dumps Most Of His Goldman Stake, Trims JPMorgan In Turbulent First Quarter

ZeroHedge, 15 May 2020

Airlines aren’t the only sector that Warren Buffett notoriously dumped in April, ahead of the Berkshire Hathaway annual meeting.

According to the just filed Berkshire 13F, in the first quarter when the conglomerate’s equity holdings took a record hit of $66.5 billion, as the value of Berkshire’s disclosed equity positions tumbled from $242BN as of Dec 31, to $175.5BN on March 31, Buffett also sold the bulk, or 84%, of his Goldman Sachs stake – formerly a top 20 position for Berkshire – selling 10 million shares of what at Dec 31 was a 12 million position, while trimming 3% of his stake in JPMorgan (from 59.5MM to 57.7MM shares).

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Article: Whistleblower Wall Street Has Engaged in Widespread Manipulation of Mortgage Funds

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Whistleblower: Wall Street Has Engaged in Widespread Manipulation of Mortgage Funds

Heather Vogell

ProPublica, 15 May 2020

Securities that contain loans for properties like hotels and office buildings have inflated profits, the whistleblower claims. As the pandemic hammers the economy, that could increase the chances of another mortgage collapse.

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Article: Burford abandons market manipulation claim

Article - Media, Publications

Burford abandons market manipulation claim

Gazette reporter, 15 May 2020

Burford Capital has abandoned a legal bid to prove its share price was illegally manipulated after being denied access to market information.

The embattled litigation funder said it does not intend to appeal a High Court ruling refusing an application to compel the London Stock Exchange to release trading data.

Burford has made a concerted effort to pursue claims for market manipulation following an August 2019 short attack against its shares. The Guernsey-registered and New York-based business came under assault when a US shareholder activist, Muddy Waters, published an apparently damning analysis. Muddy Waters claimed Burford was ‘arguably insolvent’ and described its governance as ‘laughter-inducing’, allegations which were strenuously denied by Burford. Muddy Waters renewed its attack on Burford earlier this week, accusing it of over-stating profits. Continue reading “Article: Burford abandons market manipulation claim”

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Article: Burford Loses ‘Market Manipulation’ Claim Against London Stock Exchange

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Burford Loses ‘Market Manipulation’ Claim Against London Stock Exchange

Krishnan Nair, 15 May 2020

Burford Capital has failed in its claim against the London Stock Exchange (LSE) that it had been the victim of market manipulation, after its share price plummeted last year.

Last August, the litigation funder’s share price tumbled following what the firm referred to as a “short-selling attack” by U.S. research firm Muddy Waters. More than $1.2 billion was wiped off Burford’s value, with shares dropping as low as 64%.

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