David – Financial Treason & Crime

04/07/202104/08/2021

Article: Here’s What We Know Right Now About Matt Gaetz’s Indicted Tax Collector Friend Joel Greenberg

Here’s What We Know Right Now About Matt Gaetz’s Indicted Tax Collector Friend Joel Greenberg

AARON KELLER, 07 April 2021

A former Florida tax collector and close associate of Rep. Matt Gaetz (R-Fla.) is facing a 45-page federal indictment alleging wire fraud, sex trafficking, and a litany of other offenses connected to the alleged abuse of his office and other crimes. That former tax collector, Joel Greenberg, is suspected of being a possible cooperating witness against Gaetz, Politico and others have recently reported, as Gaetz faces a reported inquiry into his own sexual behavior. Continue reading “Article: Here’s What We Know Right Now About Matt Gaetz’s Indicted Tax Collector Friend Joel Greenberg”

01/27/202103/08/2021

Article: Short Squeeze Costs Tesla Shorts $40 Billion in 2020

Article - Media, Publications

Short Squeeze Costs Tesla Shorts $40 Billion in 2020

Danny Vena, 21 January 2021

Tesla (NASDAQ:TSLA) was one of the undisputed winners of 2020, with the stock gaining 743% over the course of the year. There were a number of factors that contributed to the electric car maker’s surging stock price, including five successive quarters of profits, induction into the S&P 500 Index, and a well-received stock split.

However, short sellers that bet against the stock lost a massive $40 billion in 2020, making it the single most unprofitable short of the year. Short sellers lost a combined $245 billion last year, with Tesla costing shorts more than the next nine stocks combined. Continue reading “Article: Short Squeeze Costs Tesla Shorts $40 Billion in 2020”

12/01/202005/12/2021

Article: The Dark Money Secretly Bankrolling Activist Short- Sellers — and the Insiders Trying to Expose It

Article - Media

The Dark Money Secretly Bankrolling Activist Short-Sellers — and the Insiders Trying to Expose It

Michelle Celarier

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.

06/19/202003/08/2021

Article: Short selling tests China’s zeal for market reform

Article - Media, Publications

Short selling tests China’s zeal for market reform

Samuel Shen, Alun John, 19 June 2020

As the novel coronavirus swept the world this year, Chinese hedge fund manager Yuan Yuwei made lucrative short-selling bets against stocks such as New York-listed Starbucks Corp SBUX.O, Yum China Holdings Inc YUMC.N and Walt Disney Co DIS.N. At home, he barely bothered. “Short-selling is too inefficient in China. Either there are no available stocks to borrow, or it takes too long,” said Yuan, who runs a global macro fund for Olympus Hedge Fund Investments.

Short sellers sell borrowed shares in the hope of buying them back when prices fall and pocketing the difference. Those such as Carson Block of Muddy Waters and Dan David of Wolfpack Research have made their name shorting Chinese stocks but, like Yuan, their bets have been against stocks in New York or Hong Kong, not Shanghai or Shenzhen. Continue reading “Article: Short selling tests China’s zeal for market reform”

02/19/201903/08/2021

Article: Forced End of “Ponzi-Like Leverage” & “Fraudulent Lending” Turns Australia’s House Price Bubble into “Property Bloodbath”

Article - Media, Publications

Forced End of “Ponzi-Like Leverage” & “Fraudulent Lending” Turns Australia’s House Price Bubble into “Property Bloodbath”

Wolf Richter, 19 February 2019

As investors are fleeing Australia’s housing bust, sales of new houses have plunged to record lows, and home prices in the Sydney and Melbourne metros have dropped 12% and 9% from their respective peaks in mid and late 2017. Combined, the two metros account for about two-thirds of residential property value in Australia. A two-decade-long housing boom, interrupted by only a few minor dips, led to two of the most magnificent housing bubbles in the world, and they’re not “plateauing” or anything. Continue reading “Article: Forced End of “Ponzi-Like Leverage” & “Fraudulent Lending” Turns Australia’s House Price Bubble into “Property Bloodbath””

03/21/200702/19/2021

Article: Jim Cramer Admits To Stock Manipulation When At Hedge Fund

Article - Media, Publications

Jim Cramer Admits To Stock Manipulation When At Hedge Fund

Philip David, Seeking Alpha, 21 March 2007

My thanks to Trader Mike, who wrote a nice article on a subject we had been discussing all weekend on the member site as all the market manipulation of the past two days made me forget to talk about the evidence of market manipulation we uncovered last week.

Continue reading “Article: Jim Cramer Admits To Stock Manipulation When At Hedge Fund”