Article: Has Wall Street Stolen $100 Trillion from the American Public? Will Donald Trump Get It Back?

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Has Wall Street Stolen $100 Trillion from the American Public? Will Donald Trump Get It Back?

Tehran Times, May 26, 2020 – International

TEHRAN – Robert David Steele, a former Marine Corps infantry officer and CIA spy as well as an activist for Open Source Everything Engineering (OSEE), contributes regularly to Tehran Times.

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Article: Overstock Fights Wall Street Over Dividend Amid 400% Rally

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Overstock Fights Wall Street Over Dividend Amid 400% Rally

Robert Schmidt and Ben Bain

Bloomberg, 18 May 2020

If Overstock’s dividend plan proves successful, the implications for U.S. markets could be significant. More companies may decide to dabble in digital assets or add restrictions to their shares, especially if they find that doing so gives them more sway over their investors. On Wall Street, brokerage firms and exchanges are loath to see the launch of any security that raises the specter of a monopoly and could cut them out of trading and listing fees.

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Article: Crying Foul In Short-Selling Land

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Crying Foul In Short-Selling Land

Liz Moyer

Forbes, 9 May 2006

An issue once relegated to conspiracy theorists and boiler-room insiders is about to get its 15 minutes in the sun when the Senate Judiciary Committee takes up naked short-selling in a hearing next Wednesday.

The hearing, which was postponed a week because of scheduling (and what was said to be overwhelming media interest), will focus on a brewing controversy that has already generated lawsuits against hedge funds, broker firms and research analysts alleging market manipulation in short-selling certain thinly traded stocks.

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Victim: Dr. Patrick M. Byrne

Victim - Individual

Dr. Patrick M. Byrne received a bachelor’s degree in philosophy and Asian studies from Dartmouth College, a master’s in philosophy (ethics) from Cambridge University as a Marshall Scholar, and a doctorate in philosophy (focusing on political theory, jurisprudence, and economics) from Stanford University. Patrick served as chairman, president and CEO of Centricut, LLC, a manufacturer of industrial torch consumables, then held the same three positions at Fechheimer Brothers, Inc., a Berkshire Hathaway company that manufactures police, firefighter and military uniforms. Patrick Michael Byrne is the former CEO of Overstock.com, Inc., a Utah-based internet retailer that has been publicly traded since 2002.

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Web: Wikipedia – Naked Short Selling

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Naked Short Selling

Naked short selling, or naked shorting, is the practice of short-selling a tradable asset of any kind without first borrowing the security or ensuring that the security can be borrowed, as is conventionally done in a short sale. When the seller does not obtain the shares within the required time frame, the result is known as a “failure to deliver” (“FTD”). The transaction generally remains open until the shares are acquired by the seller, or the seller’s broker settles the trade.

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Article: tZERO secures US$5M equity investment

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tZERO secures US$5M equity investment

Nawaz Ahmed

BraveNewCoin, 23 April 2020

tZERO is Patrick Byrnes’ attempt to utilize blockchain technology to replace traditional institutional market structures.

Project Medici intends to create a blockchain-based securities exchange, and Byrne had stated that he was interested in listing Overstock securities on a blockchain-based exchange. The project was officially announced on October 6th at the Inside Bitcoins Las Vegas conference.

The long term goal was to compete with the Depository Trust and Clearing Corporation (DTCC).

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Article: Former Overstock CEO Explains by Charles Gasparino and Lydia Moynihan

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Fmr. Overstock CEO Patrick Byrne wants to explain controversial exit, stock sale and predicts more deep state revelations

According to Byrne, his departure and stock sale are unrelated to his FBI activities or what he has described as a romantic tryst with an alleged Russian spy, Maria Butina, though he says those matters will become a huge story sometime soon. Byrne in his interview with FOX Business said he didn’t want to dwell on spycraft (“I’m supposed to be keeping quiet [on] all that political stuff,” he said), adding cryptically that the full story “will break this year and it will be 100 times bigger than Watergate … it’s political fraud conducted by the deep state against the republic, against Democrats and Republicans … I was asked to set up Hillary Clinton,” all of which he declined to elaborate on.