For those not thinking it thru with $OSTK . the @SEC_Enforcement
is after Patrick Byrne and his Pump and Dump, not Overstock. This is not new at all and they should get Patrick, for what he did was wrong and illegal.. It was also years ago so I could frankly care less.
@AlderLaneeggs Gosh, Marc, you keep climbing in the tag cloud at https://stopnakedshortselling.org. What do you do when declassification of white collar criminal communications and banking transactions happen? #WallSteet, #SEC We have it all. Time for you to make the deal.
‘Whistleblower Field’: Marc Cohodes announces $100,000 donation to rename Parker H. Petit Field
Brooklyn Valera, The Signal, 23 February 2021
The Signal has been reporting on Georgia State alumnus and top donor Parker H. Petit’s criminal activity and investigation since 2018.
Marc Cohodes, a notorious short-seller who helped shine a light on Georgia State alumnus and top donor Parker H. Petit’s criminal activity, is now calling to remove Petit’s name from Georgia State’s football field.
Read full article.
Comment: The Signal, evidently a student run publication that is both stupid and slutty — it can be bought — has defamed a good man — Parker H. Petit — and chosen to consort with a known piece of crap, Marc Cohodes. One can only hope that the President of Georgia State is endowed with intelligence and integrity and takes Cohodes’ offer of $100K for what it is — a bribe, below market price, and to be treated with scorn and disdain.
PDF (5 Pages): 20210218-Cohodes Submission Against Petit
“Second, Mr. Cohodes has never engaged in naked short selling (that is, he trades through brokers who find shares for him to borrow and he pays high interest fees to maintain his short positions). He was never part of any concerted illegal campaign to target MiMedx; his actions were his own.”
Comment: The above statement by a lawyer is easily challenged in court with evidence. Mr. Cohodes appears to be panicking. This time around it will cost him 10X to 100X what he was forced to pay Patrick Byrne. We have it all. The matter of compromised judges and DOJ and SCC as a RICO organization are also on the table. DTCC will not survive a Special Prosecutor.
Mark Cohodes posted this to his “private” twitter:
Robert Steele, intelligence professional, responded:
NOTE: Mr. Cohodes is believed to be well aware there were 50 million counterfeit shares. Evidence of both that fact and his knowledge of and engagement with that fact can be presented to a court court. Mr. Cohodes should have his day in court — in fact, he should have many days in many courts in CA, UK, and US. Tik tok, tik tok . . .
Cartoons @ Financial Crime
Videos @ Financial Crime
Hedge Fund Sues Brokers Alleging Naked Shorting In Now Defunct Concordia Health
Tyler Durden, Zero Hedge, 16 February 2021
Several major international brokers have been sued by a Bermuda hedge fund that claims the brokerages coordinated “abusive” naked short selling and spoofing strategies in US and Canadian markets. The suit revolves around the former Concordia Health, which was highly leveraged and ultimately went bankrupt after controversy about price gouging.
CIBC, Bank of America, UBS and TD Bank are among those named as defendants in a lawsuit filed by Harrington Global Opportunity Fund in the US District Court for the Southern District of New York, according to Securities Finance Times.
Read full article.
Comment: Mr. Cohodes, who is very much present in the tag cloud, seems to think that we have all forgotten his years of engagement in the ecology of naked short selling. His offering to brief Congress, which G. Robert Blakey considers a RICO organization enabling naked short selling, is laughable. We have it all, Mr. Cohodes. There is no place to run. Can you spell “discovery?”
The Dark Money Secretly Bankrolling Activist Short-Sellers — and the Insiders Trying to Expose It
Institutional Investor, 30 November 2020
More than a dozen short-sellers interviewed by Institutional Investor in an effort to penetrate this murky terrain say there are numerous players and various permutations of the model that may involve the sharing of ideas and research along with either a cut of the gains on the short trade or a set fee. In fact, some short-sellers believe that almost all of the activists have such backing — even those running small hedge funds themselves.