Foreign Collusion, Naked Shorting (Counterfeiting) & Money Laundering — All Illicit Wealth
Interactive 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.
Fraud 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.
Houston, 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”
Transcript-Marc Cohodes Last Stand With MiMed w/Grant Williams
Transcript LIVE Q A -Grant Williams In Conversation With Marc Cohodes
Royal 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”
FRAUD, 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”
The 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”
Citadel CEO buys $122 million London mansion
CNBC’s Robert Frank reports on Citadel CEO and Founder Ken Griffin’s purchase of a $122 million home in London.
Source: Vorwürfe gegen Wirecard: Chronologie der Ereignisse, 30.1.19
Revere Securities LLC Fined by FINRA
30 January 2019
An AWC was issued in which the firm was censured and fined $25,000. Without admitting or denying the findings, the firm consented to the sanctions and to the entry of findings that it failed to accurately report municipal securities transactions to the Real-time Transaction Reporting System (RTRS) and failed to maintain reasonably designed WSPs related to municipal securities.
Court orders Palantir to let investor in U.S. fraud probe inspect emails
Jonathan Stempel, 30 January 2019
(Reuters) – The Delaware Supreme Court on Tuesday gave an investor probing possible fraud and mismanagement at Palantir Technologies Inc more power to litigate against and inspect emails of the data analytics company co-founded by Silicon Valley billionaire Peter Thiel.
In a 3-0 vote, the court said a lower court judge abused his discretion by preventing KT4 Partners LLC from using materials from Palantir in litigation outside Delaware, and from reviewing emails related to Palantir’s investors’ rights agreement.
Continue reading “Article: Court orders Palantir to let investor in U.S. fraud probe inspect emails”
FSD Pharma: A Rollup With Scattered, Uneconomical Cannabis Investments, 50-70% Downside
WHITE DIAMOND, 25 January 2019
FSD Pharma’s founder, Thomas Fairfull, and director, Anthony Durkacz, have a history of value destruction. Durkacz had an average loss of 92% over 11 stocks in which he had involvement. The company spent $8 million on listing fees, which is a head-scratcher, as it is multiple times larger than what comps spend. Durkacz has received an astounding sum of over C$28.7 million total current value in cash and warrants for being both a director and broker for FSD. FSD Pharma routinely announces investing in other small cannabis companies, but so far has shown little follow-through. We have a price target on FSD of C$0.09 per share, which was its pre-RTO financing price less than a year ago.
Continue reading “Article: FSD Pharma: A Rollup With Scattered, Uneconomical Cannabis Investments, 50-70% Downside”
THE DOLLAR HAS NO INTRINSIC VALUE : DO YOUR ASSETS?
