Publications – Page 58 – Financial Treason & Crime

DUNCAN RILEY, 05 April 2021

SoftBank Group Corp. said today it has invested $2.8 billion to acquire a 40% stake in Norwegian warehouse automation company AutoStore AS.

SoftBank, Japan’s largest telecommunications companies and one of the world’s largest venture capital firms, acquired shares in the company from funds affiliated with Thomas H. Lee Partners L.P. and EQT Private Equity, among other shareholders. According to the Wall Street Journal, the deal values AutoStore at $7.7 billion. Continue reading “Article: SoftBank pays $2.8B to acquire 40% stake in warehouse automation firm AutoStore”

04/05/202105/19/2021

WALL STREET TREASON & CRIME: Raw Interview with David Wenger, CEO ShareIntel

Video

04/04/2021

Article: Hedge Fund CIO: “At Some Point, Through Inflation, War Or Confiscation, The System Will Restart”

Article - Media, Publications

Hedge Fund CIO: “At Some Point, Through Inflation, War Or Confiscation, The System Will Restart”

TYLER DURDEN, 04 April 2021

Dusted off an anecdote from 2016 that explores the meaning of money. It is worth considering after a quarter in which the US dollar declined by more than 50% versus the dominant digital assets and the S&P 500 closed at an all-time high.

“People work in order to convert their time into a unit of account,” he said.

“We call that money, and it’s an invention that allows us to store time.” Continue reading “Article: Hedge Fund CIO: “At Some Point, Through Inflation, War Or Confiscation, The System Will Restart””

04/04/202105/13/2021

Article: Cryptocurrencies: A bubble or harbinger of a cashless world?

Article - Media, Publications

Cryptocurrencies: A bubble or harbinger of a cashless world?

ATANU BISWAS, 04 April 2021

The US Treasury described Bitcoin a “decentralised virtual currency”. For every transaction through Bitcoin, for example, some personal information from the user is used to create a kind of password. A ‘hash’ is given for every Bitcoin transaction, with a ‘public key’ and a ‘private key’. Each of these keys is inverse to each other, but it’s not easy to derive one from the other. The ‘public keys’ are available on public domain. Details of each transaction report are available in the database called ‘blockchain’. It is distributed across and maintained by nodes (computers). From this open source, anybody can tell how many Bitcoins are traded at a public key. But, nobody knows who the owner of those Bitcoins is as the security of the ledger cannot be broken. Anonymity and privacy are the characteristics and also the potential danger of cryptocurrencies. Continue reading “Article: Cryptocurrencies: A bubble or harbinger of a cashless world?”

04/04/2021

Article: Guebert: ‘Price fixing’ settlements need big fix

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Guebert: ‘Price fixing’ settlements need big fix

Alan Guebert, 04 April 2021

In a too-common story in American agriculture, Archer Daniels Midland last month agreed to pay farmers $45 million to settle what the March 13 Wall Street Journal described as “price-fixing allegations leveled at its peanut processing division.”

While $45 million is, indeed, peanuts to ADM, this isn’t the first time the Chicago-based company has faced market manipulation charges. In the late 1990s, ADM spent years and millions on criminal and civil price-fixing settlements. But ADM isn’t the only ag master of the universe to settle recent civil lawsuits over alleged market irregularities. Continue reading “Article: Guebert: ‘Price fixing’ settlements need big fix”

04/03/2021

Article: Man Group Dials Up Short Bets as Turkey Stirs Fragile Five Fears

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Man Group Dials Up Short Bets as Turkey Stirs Fragile Five Fears

Ben Bartenstein, 03 April 2021

The market meltdown following Turkey’s central-bank shakeup is reviving a longtime debate among the world’s largest money managers and Ivy League economists over the vulnerability of developing nations.

Doomsayers including Man Group Plc, the world’s biggest publicly listed hedge-fund firm, and the Institute of International Finance’s chief economist Robin Brooks warn that the turmoil battering Turkish securities could ripple across emerging markets in a repeat of the 2013 taper tantrum. Yet that gloomy scenario isn’t the dominant narrative in the hallways of Pacific Investment Management Co., BlackRock Inc. and Ashmore Group Plc, which have some of the largest exposures to the nations that might be next in the crosshairs. Continue reading “Article: Man Group Dials Up Short Bets as Turkey Stirs Fragile Five Fears”

04/03/202104/03/2021

Article: Did The NFT Boom Just Burst?

Article - Media, Publications

Did The NFT Boom Just Burst?

TYLER DURDEN, 03 April 2021

Non-fungible tokens, or NFTs, are changing the way we think about art (and other collectibles), and in 2021, investors have started to take notice. As Decrypt writes, in the last year, NFTs have shot to the forefront of the crypto space. The cryptographically-unique tokens make it possible to create real-world scarcity for digital objects, and artists have seized on the opportunity presented by the technology.

“It’s not meaningful to characterize a concept as a financial bubble,” said Chris Wilmer, a University of Pittsburgh academic who co-edits a blockchain research journal. Continue reading “Article: Did The NFT Boom Just Burst?”

04/03/202104/03/2021

Article: Greensill and Gupta’s Intertwined Empires Had for Years Raised Concerns Internally

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Greensill and Gupta’s Intertwined Empires Had for Years Raised Concerns Internally

Alistair MacDonald and Duncan Mavin, 03 April 2021

The business empires of metals magnate Sanjeev Gupta and financier Lex Greensill leaned on each other to fuel their growth. But for years executives and advisers close to both entrepreneurs urged the two men to decouple their businesses, according to people familiar with the matter.

They failed to do so. Now Mr. Greensill’s firm, Greensill Capital, is insolvent, and Mr. Gupta’s conglomerate, GFG Alliance, is scrambling to survive. Continue reading “Article: Greensill and Gupta’s Intertwined Empires Had for Years Raised Concerns Internally”

04/02/202104/17/2021

Article: Robinhood Restricted-Trading Suits Will Play Out In Florida

Article - Media, Publications

Robinhood Restricted-Trading Suits Will Play Out In Florida

Elise Hansen, 02 April 2021

Dozens of lawsuits against stock-trading app Robinhood over its move to block users from buying shares of GameStop and other volatile stocks will be centralized and moved to the Southern District of Florida, the U.S. Judicial Panel on Multidistrict Litigation said.

Panel Chair Karen K. Caldwell said Thursday that even though the suits have varied defendants and legal claims, there’s enough common ground to centralize the cases. Many of the plaintiffs and all of the defendants supported centralization, the order noted. Continue reading “Article: Robinhood Restricted-Trading Suits Will Play Out In Florida”

04/02/2021

Article: Matt Gaetz investigation: Feds examining whether congressman used cash, drugs in soliciting young women

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Matt Gaetz investigation: Feds examining whether congressman used cash, drugs in soliciting young women

Evan Perez, David Shortell, Paula Reid and Pamela Brown, 2 April 2021

WASHINGTON — Federal investigators looking into Rep. Matt Gaetz’s relationships with young women have examined whether any federal campaign money was involved in paying for travel and expenses for the women, a person briefed on the matter said.

Investigators are examining whether the Florida Republican engaged in a relationship with a woman that began when she was 17 years old and whether his involvement with other young women broke federal sex trafficking and prostitution laws, according to that source and another person briefed on the matter. Continue reading “Article: Matt Gaetz investigation: Feds examining whether congressman used cash, drugs in soliciting young women”

04/02/202104/03/2021

Article: ALERT! Ex-Silver Regulator Lands Cushy Rigging Job

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ALERT! Ex-Silver Regulator Lands Cushy Rigging Job

Bix Weir of Road to Roota, 02 April 2021

The “Revolving Door” between the market riggers and the US regulators is the most TOXIC RELATIONSHIP in the history of “Free Markets!” Sick Bastards! Also, we have selected a date for a LIVE SHOW in Phoenix, AZ on May 7th. If you live in the Phoenix area we could use your help arranging the site for the show so reach out to me if you are willing to assist the Roota Family!

Read Full Article

04/02/202104/07/2021

Article: Who (Almost) Killed Home Capital Group?

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Who (Almost) Killed Home Capital Group?

Featured Posts, Investments, 02 April 2021

I am still coming to terms with the collapse in shares of Home Capital. It wasn’t supposed to play out this way. The Canadian alternative mortgage lender saw its shares fall from an all-time high of $54.86 in August of 2014 to a low of $5.85 in May of 2017. At the time, I was working as an analyst at one of Canada’s largest asset managers. I spent 2014 and 2015 following only the Canadian banking sector. I saw the events at Home Capital up close.

The company was in the crosshairs of short sellers for years prior to its 2017 crisis. As an alternative lender in Canada’s frothy housing market, many shorts saw parallels between Home Capital and some of the worst-performing American subprime lenders. Steve Eisman, made famous in Michael Lewis’ The Big Short for his success betting against the US subprime bubble, was one of the first to come out publicly as a bear on Home Capital in 2013. And from there the criticisms continued for years. Continue reading “Article: Who (Almost) Killed Home Capital Group?”

04/02/202104/05/2021

Article: American Acquisition Opportunity Inc. Announces Partial Exercise of Over-Allotment Option in Connection With Its Initial Public Offering

Article - Media, Publications

American Acquisition Opportunity Inc. Announces Partial Exercise of Over-Allotment Option in Connection With Its Initial Public Offering

ACCESSWIRE, 02 April 2021

American Acquisition Opportunity Inc. (NASDAQ:AMAOU)(the “Company”) announced today that it has closed the issuance of an additional 506,002 units pursuant to the partial exercise of the underwriter’s over-allotment option in connection with the company’s initial public offering. The units are listed on the Nasdaq Capital Market (“Nasdaq”) under the ticker symbol “AMAOU”. Each unit consists of one share of the Company’s Class A common stock and one-half of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one share of Class A common stock at a price of $11.50 per share. Only whole warrants are exercisable and will trade. Once the securities comprising the units begin separate trading, shares of the Class A common stock and warrants are expected to be listed on Nasdaq under the symbols “AMAO” and “AMAOW,” respectively Continue reading “Article: American Acquisition Opportunity Inc. Announces Partial Exercise of Over-Allotment Option in Connection With Its Initial Public Offering”

04/02/202104/03/2021

Article: Deliveroo Debut Declared “Worst IPO In London’s History”, Sign Of Amsterdam’s Growing Dominance

Article - Media, Publications

Deliveroo Debut Declared “Worst IPO In London’s History”, Sign Of Amsterdam’s Growing Dominance

TYLER DURDEN, 02 April 2021

It’s official: the Financial Times (citing an informal polling of anonymous bankers) has declared Deliveroo’s botched London offering the “worst IPO in London’s history.”

As we reported yesterday, shares of the food-delivery competitor, which is struggling to grow market share at all costs in a battle for survival with Uber Eats and “Just Eat Takeaway”, tanked in their public-markets debut, sliding 31% after pricing at the bottom of their range. Bankers immediately started complaining to reporters about being misled by Deliveroo’s bankers, who had initially bragged that the company would price at the high end of the range. The debut, marketed as a major coup for the LSE and London markets, which are struggling for European supremacy with Euronext Amsterdam, more generally, has turned into a major embarrassment for the industry. Continue reading “Article: Deliveroo Debut Declared “Worst IPO In London’s History”, Sign Of Amsterdam’s Growing Dominance”

04/02/202104/03/2021

Article: Israeli pleads guilty to money laundering on dark web, faces 20-year sentence

Article - Media, Publications

Israeli pleads guilty to money laundering on dark web, faces 20-year sentence

Neta Bar, 02 April 2021

Tal Prihar, a 37-year old Israeli living in Brazil, pleaded guilty Wednesday to operating illegal transactions on the darknet, including purchasing firearms, heroin, and other contraband.

According to court documents, Phihar and his partner, another Israeli named Michael Phan, earned $8.4 million through running DeepDotWeb, a website that provided users with direct links to illegal darknet marketplaces. In return, Phihar and Phan received payments from the marketplaces in the form of bitcoin virtual currency.

To conceal the payments, Phihar transferred them from his bitcoin wallet to other accounts he owned in the names of shell companies. Continue reading “Article: Israeli pleads guilty to money laundering on dark web, faces 20-year sentence”