Finanzkrimi bei Wirecard Zahlungsverkehrt
Martin Hesse
SPIEGEL, 20 February 2019
Ugly English translation
Payment transactions
Continue reading “Article: Wirecard what is state prosecutor investigating: three possibilities”
Article: Forced End of “Ponzi-Like Leverage” & “Fraudulent Lending” Turns Australia’s House Price Bubble into “Property Bloodbath”
Article - Media, PublicationsWolf Richter, 19 February 2019
As investors are fleeing Australia’s housing bust, sales of new houses have plunged to record lows, and home prices in the Sydney and Melbourne metros have dropped 12% and 9% from their respective peaks in mid and late 2017. Combined, the two metros account for about two-thirds of residential property value in Australia. A two-decade-long housing boom, interrupted by only a few minor dips, led to two of the most magnificent housing bubbles in the world, and they’re not “plateauing” or anything. Continue reading “Article: Forced End of “Ponzi-Like Leverage” & “Fraudulent Lending” Turns Australia’s House Price Bubble into “Property Bloodbath””
Article: Germany bans Wirecard ‘shorting’ as prosecutors probe FT journalist
Article - MediaGermany bans Wirecard ‘shorting’ as prosecutors probe FT journalist
Arno Schuetze
Reuters, 18 February 2019
FRANKFURT (Reuters) – Germany’s financial watchdog has banned “short” selling of Wirecard shares due to volatility in the payments firm’s stock following reports in the Financial Times which are now the subject of an investigation by German authorities.
Munich prosecutors said on Monday they were investigating a Financial Times journalist, confirming that they had widened a probe into a possible violation of securities trading rules.
Article: Top US investor in charge of £3bn Russian hedge fund jailed over alleged £29m fraud
Article - Media, PublicationsTop US investor in charge of £3bn Russian hedge fund jailed over alleged £29m fraud
Oliver Carroll, 16 February 2019
A Russian court has sentenced a prominent American investor to two months of pre-trial detention in a development that has sent shockwaves through the country’s business community.
Michael Calvey, the founder of Baring Vostok Capital Partners, was one of several executives arrested on Friday.
He is one of the last major western private equity investors to remain in Russia, with his investment company claiming to have raised nearly $4bn (£3.1bn) in capital.
On Friday, a judge ordered Mr Calvey be detained for 72 hours, but agreed to a longer restriction less than a day later. Continue reading “Article: Top US investor in charge of £3bn Russian hedge fund jailed over alleged £29m fraud”
Article: What happened to Namaste Technologies (TSXV: N)
Article - Media, PublicationsWhat happened to Namaste Technologies (TSXV: N)
Ted Ohashi, 13 February 2019
QUESTION: What’s happening with Namaste Technologies (TSXV: N). I know it was one of your top recommendations a few years ago and then you cooled on it. Now I read the founder and CEO is fired by the Board and his uncle the Chairman is selling stock.
ANSWER: There’s no joy in kicking someone when they are down so that is not my objective. I often talk about the importance of management in the investment decision making process and Namaste Technologies (TSXV: N) is an excellent case in point. But the point of it is although reports by those much abhorred short sellers who write hatchet jobs on companies that describe in graphic terms why they believe a stock is extremely overvalued. But time and time again, they do provide a valuable service.
Continue reading “Article: What happened to Namaste Technologies (TSXV: N)”
Article: Overstock founder Patrick Byrne pitches radical transformation of government services via blockchain
Article - Media, PublicationsOverstock founder Patrick Byrne pitches radical transformation of government services via blockchain
Aaron Hankin, 12 February 2019
Even Venezuela can easily be fixed, Byrne claims: ‘We could step into Venezuela with six laptops and create not only a functioning society but arguably one with the most advanced government systems in the world’ Continue reading “Article: Overstock founder Patrick Byrne pitches radical transformation of government services via blockchain”
Article: Interactive Brokers to pay $100,000 fine for allowing convicted felon to trade on its platform
Article - MediaInteractive Brokers to pay $100,000 fine for allowing convicted felon to trade on its platform
Maria Nikolova
Financefeeds, 11 February 2019
Three-time convicted financial felon Peter Zuck used Interactive’s online trading platform in a scheme to defraud New Jersey residents who invested in his Osiris Fund Limited Partnership.
Article: Fraud allegations put Wirecard’s shy billionaire CEO Markus Braun in the spotlight
Article - MediaFraud allegations put Wirecard’s shy billionaire CEO Markus Braun in the spotlight
Straits Times (Singapore), 7 February 2019
The 49-year-old Austrian computer scientist has spent more than a decade fighting off critics whose whispering campaign burst into the headlines again last week. A Financial Times report of suspect transactions in Asia sent the company’s shares plummeting.
Comment: WireCard appears to be under attack by naked short sellers aided by corrupt journalists who, if properly iinvestigated, would in all likehood be found to have received substantial financial incentives for trashing the company. Dan McCrum at Financial Times is the “journalist” under investigation by German authorities. The bad guys most times have a [hired] whistleblower that alerts police and regulatory authorities. Once they have information sometimes legit, other times not or the naked short sellers then blow the investigation all out of proportion. They set outto destroy the stock price with their band of criminal syndicates which includes the banks. They are often joined by law firms that maliciously file shareholder class lawsuit announcements to inspire fear in the marketplace — this is outright tortious interference and market manipulation.
Article: Houston, Pot Stock Namaste Technologies Has a Problem
Article - Media, PublicationsHouston, Pot Stock Namaste Technologies Has a Problem
Sean Williams, 07 February 2019
On early Monday morning, Feb. 4, Namaste Technologies (OTC:NXTTF), a small-cap cannabis company known best for selling vaporizers and starting up a medical cannabis portal known as NamasteMD, issued a press release that announced the termination of its CEO Sean Dollinger, with cause. Before we get to the specifics of this press release and why Dollinger was relieved of his leadership role, it helps to have some background on why this press release was necessary.
Back in October, noted short-seller Citron Research, which is headed by Andrew Left, released a report alleging that Namaste Technologies was a “complete fraud.” Left accused Namaste of making a “fake claim of a Nasdaq listing to get investors to buy the stock” and, more importantly, claimed to have uncovered a related party sale tied to the company’s divestiture of Dollinger Enterprises in Nov. 2017.
Continue reading “Article: Houston, Pot Stock Namaste Technologies Has a Problem”
Mirror: Marc Cohodes’ Last Stand With MiMedX (w/ Grant Williams) | Interview | Real Vision™
Transcript-Marc Cohodes Last Stand With MiMed w/Grant Williams
Mirror: LIVE Q&A: Grant Williams In Conversation With Marc Cohode
Transcript LIVE Q A -Grant Williams In Conversation With Marc Cohodes
Article: Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry
Article - Media, PublicationsRoyal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry
Royal Commission, 01 February 2019
The Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry has now concluded. The Commissioner, the Honourable Kenneth Madison Hayne AC QC, submitted his final report to the Governor-General on 1 February 2019. The final report was tabled in Parliament on 4 February 2019. Continue reading “Article: Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry”
Article: FRAUD, INTIMIDATION AND TRUTH: MARC COHODES’ LAST STAND
Article - Media, PublicationsFRAUD, INTIMIDATION AND TRUTH: MARC COHODES’ LAST STAND
Real Vision, 04 February 2019
Grant Williams visits Marc Cohodes at his farm in Sonoma County to hear the astonishing story of the famed shortseller’s year-long battle with MiMedx – a company he calls the biggest fraud he’s ever seen. Marc details the prodigious amount of work he’s undertaken, his pleas to regulators and the extraordinary story of an FBI visit to his home. Filmed on January 19, 2019 in Cotati, California. Continue reading “Article: FRAUD, INTIMIDATION AND TRUTH: MARC COHODES’ LAST STAND”
Mirror: Cohodes Still shorting Home Capital Video BNN 2
Article: The Backlash to Larry Fink’s Letter Shows How Far Business Has to Go on Social Responsibility
Article - Media, PublicationsThe Backlash to Larry Fink’s Letter Shows How Far Business Has to Go on Social Responsibility
Mark R. Kramer, 31 January 2019
Larry Fink, CEO of BlackRock, the world’s largest investor with $6 trillion under management, evoked heated controversy with his remarks last week that his company would change its hiring and potentially its compensation structure to advance diversity and ensure that five years from now the company is not just “a bunch of white men.” This follows on the heels of his annual letter to CEOs asserting that companies need to embrace a purpose beyond just profit maximization. Continue reading “Article: The Backlash to Larry Fink’s Letter Shows How Far Business Has to Go on Social Responsibility”
