Foreign Collusion, Naked Shorting (Counterfeiting) & Money Laundering — All Illicit Wealth
Barron’s Gary Weiss Caught Plagiarizing Matt Taibbi, Find-Replaces Style With Spin Patrick Byrne DeepCapture, 7 August 2012 Two months ago a schlubby-but-savage Goldman lawyer named Joseph E. Floren made a mistake that caused some previously redacted information about Goldman Sachs to slip into the public’s hands. The event was ably covered by such globally-respected publications …
Overstock.com Donating All Profits from “Worldstock” to Charity Ocean Media, 18 May 2011 Hot on the heels of Ocean Media Client Overstock.com announcing they’re beginning Carbon-Neutral Shipping, they will now begin donating 100% of all profits from their “Worldstock Fair Trade” store to charity. The Worldstock Fair Trade Department of Overstock.com was founded in 2001, …
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Meet The Sith Lords: The 20 People Alleged To Be Part Of A Shadowy Short-Selling Conspiracy Kamelia Angelova Business Insider, 18 December 2009 Last week, a list of journalists appeared on the internet, along with every single one of their Facebook friends. The list, which included John Carney, Henry Blodget, and Joe Weisenthal, was assembled …
Press Release December 8, 2009 at 5:34 PM EST Rocker Pays $5 Million to Overstock.com to Settle Lawsuit ‘A fine victory for Overstock, a triumph for the cause of cleaning up US capital markets’ says CEO Patrick Byrne. Full text below the fold.
How Dendreon Is Proving Short Sellers Wrong Gary Weiss Seeking Alpha, 18 August 2009 In other words, Dendreon is not like the third-rate Internet retailer Overstock.com (NASDAQ:OSTK), whose wack-a-doo CEO Patrick Byrne has been weaving wild conspiracy theories over naked short selling for years, ever since it dawned on him that he simply does not …
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Gary Weiss, Psychopath & Scaramouch Patrick Byrne Portfolio Magazine cited by DeepCapture, 31 December 2008 For over 10 years Gary Weiss (once a reporter with BusinessWeek, and recently, a columnist with Forbes) has been posting under fake names to confuse, distort, and hijack Usenet groups, stock message boards, and Wikipedia, using social media to prevent the …
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The DTCC’s CNS naked short selling residue Patrick Byrne DeepCapture, 1 December 2008 In a previous post I named various places where unsettled trades can accumulate: in the desks of brokers, in pre-netting among brokers, in the Continuous Net Settlement (CNS) system, in the Stock Borrow Program (SBP), through ex-clearing, and in delivery mechanisms from …
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Emails show journalist rigged Wikipedia’s naked shorts Cade Metz The Register, 1 October 2008 Two and a half years ago, Overstock.com CEO Patrick Byrne penned an editorial for The Wall Street Journal, warning that widespread stock manipulation schemes – including abusive naked short selling – were threatening the health of America’s financial markets. But it …
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Naked in Wonderland Patrick Byrne Forbes via Wayback, 23 September 2008 Recent concerns about short-selling have culminated in a regulatory flurry of emergency orders and amendments. What should be of concern, however, is not short-selling per se: As its devotees frequently remind us, short-selling is a vital and legitimate market activity. What should be of …
The Simple, Literal Explanation Patrick Byrne DeepCapture, 11 February 2008 The “St. Smallcap” example conveyed the dynamics of the manipulation, but it was only a metaphor. This blog will provide an explanation whose truth is more literal. You and I enter a stock trade. You buy a share of stock from me. You hand over …
Overstock.com Congratulates Bloomberg Television for Its Emmy Nomination for ‘Phantom Shares’, a Special Report on Naked Short Selling PRNewswire, 02 November 2007 Bloomberg Television’s special report on naked short selling entitled “Phantom Shares” was nominated for an Emmy(R) Award for Business & Financial Reporting by the National Academy of Television Arts & Sciences. The report, …
Overstock attempts to uncover malicious naked shorts Keith Hahn Dealbreaker, 25 April 2007 Patrick Byrne, the CEO of Overstock.com, is seeking $3.5bn in damages from 10 prime brokers for intentionally manipulating Overstock’s share price through naked shorting. The big names charged are Bear Stearns, Citigroup, Credit Suisse, Goldman Sachs, Merrill Lynch, and Morgan Stanley. Read …
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Bloomberg TV’s Special Report “Phantom Shares” (later nominated for an Emmy for Investigative Journalism) PATRICK BYRNE, 05 April 2007 Bloomberg Television has produced a shocking 25 minute exposé showing how Wall Street rogues are exploiting a crack in the system to steal tens of billions of dollars from Americans. The Bloomberg piece starts by talking …
Bloomberg TV Examines ‘Phantom Shares’ in Special Report Tonight Bloomberg , 13 March 2007 NEW YORK, March 13 /PRNewswire/ — Tonight BLOOMBERG TELEVISION(R) examines a little-known stock trading practice that can be affecting your portfolio and your company. The special report, titled “Phantom Shares,” explores the problem of “naked shorting” in the stock market. The …
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Flames Flare Over Naked Shorts Dan Mitchell New York Times, 20 January 2007 UNSUSPECTING readers of certain stock message boards may be forgiven for believing they have stumbled into a flame war among 14-year-old boys. But the increasingly vicious online dispute actually involves, among others, the chief executive of a publicly traded corporation and a …
THE DOLLAR HAS NO INTRINSIC VALUE : DO YOUR ASSETS?
