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Article: Jim Cramer Responds to Fox News Lawsuit After TheStreet.com

Article - Media, Publications

Jim Cramer Responds to Fox News Lawsuit After TheStreet.com

NEW YORK, June 6 /PRNewswire/ — In the wake of Fox News’ airing of the
final “TheStreet.com” show on May 28, 2000, former program panelist James J.
Cramer has filed counterclaims against Fox News. Alleging that Fox News
breached its contract, Cramer, a partner in the hedge fund Cramer Berkowitz,
charges that Fox News invented new policies that it applied only to him which
made it impossible for Cramer to appear on the program. Cramer also states he
is now free to appear on other TV networks because TheStreet.com show has been
canceled, and his contract with Fox News provided that the agreement would
terminate if Fox News discontinued airing the program.

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Article: The Renaissance Man of E-Commerce Patrick Byrne has done more in his 37 years than most do in a lifetime. Will that make his company, Overstock.com, a success?

Article - Media, Publications

The Renaissance Man of E-Commerce Patrick Byrne has done more in his 37 years than most do in a lifetime. Will that make his company, Overstock.com, a success?

Nicholas Stein, 07 February 2000

How many Internet CEOs spend their adolescence learning allegorical life lessons from Warren Buffett? And how many then go on to follow his advice? Patrick Byrne, CEO of Overstock.com, a Salt Lake City company that sells excess inventory of items such as clothing and consumer electronics at deep discounts, has done both. Continue reading “Article: The Renaissance Man of E-Commerce Patrick Byrne has done more in his 37 years than most do in a lifetime. Will that make his company, Overstock.com, a success?”

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Article: Life of an 18-Year-Old Day Trader: He’s Got Fake Millions, Fake ID

Article - Media, Publications

Life of an 18-Year-Old Day Trader: He’s Got Fake Millions, Fake ID

Nick Paumgarten , Observer, 09 August 1999

For a good chunk of July, an 18-year-old kid from Long Island named Harris Kupperman was beating the 9,100 other contestants_in_something_called “TheStreet.com Investment Challenge.” In just four weeks, he had turned $500,000 into $7.6 million, a 1,400 percent return. At that rate, he’d have $76 quintillion in a year. “I guess that’s O.K.,” he said. Actually, it’s unheard of. And to think-this kid couldn’t get a summer job on Wall Street this year. He was too young.

Continue reading “Article: Life of an 18-Year-Old Day Trader: He’s Got Fake Millions, Fake ID”

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Lawyer: Eric Holder

Lawyer
Eric Holder

Eric Himpton Holder Jr. (born January 21, 1951) is an American lawyer who served as the 82nd Attorney General of the United States from 2009 to 2015.

Holder is notorious for his bad judgement and complicity in massive financial fraud inclusive of naked short selling. The Holder Memorandum will stand with Herbert Hoover’s complicity in  The Great Depression as one of the most examples of what Matt Taibbi calls “Griftopia” – the merger of political and financial crime.

Wikipedia / Eric Holder

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Target: The Holder Memorandum (No Jail for Financial Fraud)

Target (Organization of Interest)
Eric Holder

The Holder Memorandum of 16 June 1999 is the equivalent of a “get out of jail free” card for all practitioners of financial fraud, with naked short sellers being the largest group of Wall Street criminals who are not only stealing money at the trillion dollar level, but also destroying innovation and individual entrepreneurs. The Department of Justice — until it overturns the Holder Memorandum and also applies federal RICO to all forms of inter-state financial crime, is complicit in this massive crime against humanity and the Republic. This should be a priority to our President, Donald J. Trump.

PDF (12 Pages): Holder Memo 1999-06-16

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Article: NASD Fines Morgan Stanley $1 Million For Allegedly Manipulating Stock Prices

Article - Media

NASD Fines Morgan Stanley $1 Million For Allegedly Manipulating Stock Prices

Deborah Lohse

Wall Street Journal,

The National Association of Securities Dealers fined Morgan Stanley & Co. $1 million and suspended and fined seven traders for allegedly manipulating in 1995 the price of 10 stocks that are part of the Nasdaq 100 Index.

The decision was issued Monday, following five days of hearings last June and July before the NASD’s market-regulation committee. That committee, made up of members of the securities industry, was convened after Morgan Stanley contested an NASD Regulation complaint on the matter issued Oct. 25, 1996.

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Article: 30 Firms to Pay $900 Million In Investor Suit

Article - Media

30 Firms to Pay $900 Million In Investor Suit

David Barboza

New York Times, 25 December 1997

Thirty brokerage firms, including some of the biggest and most trusted names on Wall Street, agreed yesterday to pay about $900 million to end a civil suit contending they schemed with one another for years to fix prices on the Nasdaq stock market.

Lawyers for the plaintiffs in the class-action lawsuit, which represented tens of thousands of investors, called it the biggest settlement ever of a price-fixing lawsuit.

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Article: CANADA’S MANULIFE HIT WITH CLASS-ACTION SUIT

Article - Media, Publications

CANADA’S MANULIFE HIT WITH CLASS-ACTION SUIT

ASSOCIATED PRESS, 21 October 1996

A class-action suit has been launched against Manufacturers Life Insurance Co. over its ”vanishing premium” policies. A multimillion-dollar lawsuit has been filed in Ontario Court General Division on behalf of a group of Manulife’s Ontario policyholders. Lawyer Charles Wright said the judge will be asked to establish the suit as a class action, where the claims and rights of many people with common interests are decided in a single-court proceeding. Toronto-based Manulife is already facing class actions in the United States pertaining to vanishing premium policies.

”There are thousands of people behind this suit,” Mr. Wright said. The suit bears the name of Bernard McKrow, 75, of Windsor, Ontario, who alleges he bought a $100,000 vanishing premium policy in 1986 after being told he would only have to make seven premium payments because money earned on the relatively high premiums would cover payments in the future.
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Filing: U.S. v RUSSO

Filing

U.S. v RUSSO

Leagle.com, 11 January 1996

This is an appeal in a stock market manipulation case. Paul Russo, Barbara Hosman, and William Petrokansky appeal from judgments of conviction entered February 28, 1995, by the United States District Court for the Eastern District of New York, Sterling.

Real full filing.

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Article: Ex-Shearson Exec To Plead Guilty in Stock-Loan Investigation

Article - Media

Ex-Shearson Exec To Plead Guilty in Stock-Loan Investigation

Stefan Fatsis

Associated Press, 7 September 1989

The expected guilty plea by Dennis T. Palmeri, Shearson’s former executive vice president in charge of stock loans, would be the first action following more than a year of examination by federal prosecutors.

The case also is said to be derived from information from jailed speculator Ivan F. Boesky, a major source of evidence for Wall Street securities investigations since he was ensnared in an insider trading probe in 1986.

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Article: N.Y. Grand Jury Probes Stock Loan Practices

Article - Media

N.Y. Grand Jury Probes Stock Loan Practices

Steve Coll and David Vise

Washington Post, 21 July 1989

NEW YORK, JULY 20 — The Manhattan U.S. attorney is conducting a criminal investigation of Wall Street’s lucrative securities lending business, focusing on an official of Shearson Lehman Hutton Inc., according to documents and sources familiar with the case.

Subpoenas issued as part of the grand jury investigation, while not stating the precise target of the probe, have requested witnesses to provide records about investments, transactions and accounts involving Dennis Palmeri, who supervises all of Shearson’s stock loan operations.

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Graphic: Naked Short Selling — 32 Years of Cheating the 99%! Can President Donald Trump Stop It?

Graphic

The media always has a single teaser so they can say “we told you so” and then they bury the story.  Same thing happened with 2008, in October a pro forma alarm was sounded and then the story buried.

See this post for how it works.

Video: Ekso Bionics Killed by Naked Short Sellers – Is HCWainwright Culpable for Front-Running Their Death?

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Article: SEC Alleges Manipulation Of IBM Stock

Article - Media, Publications

SEC Alleges Manipulation Of IBM Stock

John F. Berry, 25 October 1978

The Securities and Exchange Commission has ordered an adminstrative hearing into the alleged manipulation of the price of the stock of International Business Machines Corp. by several Chicago broke-dealers. In a brief announcement yesterday the SEC alleged that broker-dealers sought to manipulate IBM shares through a series of transactions on the New York Stock Exchange and the Chicago Board Options Exchange.

The SEC named Chicago Financial Partnership, Jameco Investments, Thomas J. Connelly Jr. III, Philip J. Dalman, James M. Chipman, Gail J. Connelly and Michael A. Faberburg, all of the .Chicago area.The SEC, which alleges fraud and manipulation of the market by certain of the Chicagoans, claims the series of questionable transactions took place during the week of July 11, 1977.
Continue reading “Article: SEC Alleges Manipulation Of IBM Stock”