Article: Wirecard Shares Plunge 60% As Auditors ‘Unable To Verify’ $2 Billion In Cash On Its Books

Article - Media

Wirecard Shares Plunge 60% As Auditors ‘Unable To Verify’ $2 Billion In Cash On Its Books

As we’ve previously noted, German regulators have bent over backwards to accommodate Wirecard, even going so far as to discourage short sellers from targeting the stock, and launching an investigation into an FT reporter who published the first allegations about fraud within the fast-growing digital payments company.

Read full article.

Comment: Insiders always have deep broad advance knowledge. Wirecard appears to have some combination of internal issues AND be under attack. The plunging prices are covering the shorts.  NSA has all the data but is not doing “trade intelligence” or white collar crime counterintelligence.

Article: Robinhood Selling Order Flow to Enable Illegal Front Running by Wall Street

Article - Media

New filing shows Robinhood brought in close to $100 million by offloading order flow in the first quarter

Frank Chaparro

TheBlockCrypto.com, 15 June 2020

  • The new 606 filed at the end of May shows net payments made to Robinhood increased from $19.4 million in January to $45.4 million in March
  • Payments for options orders made up the lion’s share of total payments

Continue reading “Article: Robinhood Selling Order Flow to Enable Illegal Front Running by Wall Street”

Video: Inside Lehman Brothers

Video

Inside Lehman Brothers is the autopsy of a crime by those who tried to prevent it from within. As mortgage brokers for Lehman’s subsidiary BNC, Linda Weekes and her Californian colleagues were at the forefront of the subprime crisis. Matthew Lee, then headquartered in New York, was the first leader to have refused to validate the accounts tainted by fraudulent transactions. At the time nobody listened to these whistleblowers. In 2007 and 2008 other banks lost by the same greed and were saved by the Fed. On Wall Street they say Lehman Brothers was “sacrificed”. It was necessary to make them an example, to promise that this would not happen again. Today banks have recovered their health, and with it, their bad habits. The labels have changed but the mechanisms remain, unlocked by Donald Trump whose cabinet of advisors are the ones who drove the system into bankruptcy back in 2008. Inside Lehman Brothers is the result of an investigative survey conducted by the team for over two years.

https://www.watchonline.guide//movies/inside-lehman-brothers

Article: Why You Should Care About Mercurity Fintech Holding Inc.’s (NASDAQ:MFH) Low Return On Capital

Article - Media, Publications

Why You Should Care About Mercurity Fintech Holding Inc.’s (NASDAQ:MFH) Low Return On Capital

Simply Wall St, 14 June 2020

Today we’ll look at Mercurity Fintech Holding Inc. (NASDAQ:MFH) and reflect on its potential as an investment. Specifically, we’ll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires.

First, we’ll go over how we calculate ROCE. Second, we’ll look at its ROCE compared to similar companies. Finally, we’ll look at how its current liabilities affect its ROCE. Continue reading “Article: Why You Should Care About Mercurity Fintech Holding Inc.’s (NASDAQ:MFH) Low Return On Capital”

$100 Trillion Stolen by Wall Street Recoverable — Robert Steele’s Open Letter to the President

Letter

11 June 2020

Open Letter to the President

Leverage NSA, Clean Up Wall Street, Engage Authentic Black Leaders

Mr. President,

It is my good fortune to be a former spy and also good friends with Bill Binney and known to Mike Flynn.  It has taken me months to arrange for Bill Binney to speak on the record, in a sixteen minute video at https://tinyurl.com/NSA-10-30-100. With ten people in thirty days Bill can deliver all the data you need to confiscate, through civil and criminal forfeiture, $100 trillion (or more) in assets acquired by varied Wall Street financial criminals among whom Goldman Sachs is by far the largest, using naked short selling and money laundering to steal from all.

Continue reading “$100 Trillion Stolen by Wall Street Recoverable — Robert Steele’s Open Letter to the President”

Article: Cramer on rampant market speculation: ‘I’ve never seen so many games played with stocks’

Article - Media, Publications

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.”

Continue reading “Article: Cramer on rampant market speculation: ‘I’ve never seen so many games played with stocks’”

Subject: Andrew Left

Subject of Interest

Andrew Edward Left is an activist short seller, author and editor of the online investment newsletter Citron Research, formerly StockLemon.com. Left is known for advising investors on short selling and has often appeared on various media outlets such as CNBC and Bloomberg to talk about his opinions on stocks. In 2016, Left was banned for five years by the Hong Kong Market Misconduct Tribunal for disclosing false or misleading information, and so inducing transactions under the Securities and Futures Ordinance.

Biography

Official: Robert S. Khuzami

Official

Robert S. Khuzami was the Deputy U.S. Attorney for the United States Attorney’s Office for the Southern District of New York until March 22, 2019. He previously was a United States federal prosecutor and Assistant United States Attorney for the office, and a former director of the Division of Enforcement of the U.S. Securities and Exchange Commission. He was previously a partner at law firm Kirkland & Ellis. and general counsel of Deutsche Bank AG.  Khuzami  graduated from the University of Rochester (BA), and Boston University (JD).

Biography