Media: David Dayen

Media

David Dayen is the executive editor of The American Prospect. He also writes regularly for The Intercept and The Nation.  He is the author of Monopolized: Life in an Age of Corporate Power and Chain of Title: How Three Ordinary Americans Uncovered Wall Street’s Great Foreclosure Fraud. Dayen lives in Venice, California.

 

Biography

The American Prospect

The Intercept

 

 

 

Article: David Dayen Series on Naked Short Selling

Article - Media

David Dayen, a persistent chronicler of how oligarchs exploit the financial system to enrich themselves at the expense of others, writes about Chris DiIorio, a stock analyst who for 10 years has obsessively investigated how exactly he came to lose $1 million on one penny stock. A remarkable story ensues.  All article in The Intercept.

The Money is Gone (22 September 2016)

Big Players, Little Stocks, and Naked Shorts (23 September 2016)

Naked Shorts Can’t Stay Naked Forever (24 September 2016)

Calling the SEC (25 September 2016)

Turning Up Like A Bad Penny (26 September 2016)

Were Paper Losses the Goal All Along (27 September 2016)

The Half Billion Glitch (28 September 2016)

 

 

Article: BIG PLAYERS, LITTLE STOCKS, AND NAKED SHORTS

Article - Media, Publications

BIG PLAYERS, LITTLE STOCKS, AND NAKED SHORTS

David Dayen, 23 September 2016

CHRIS DIIORIO HAD lost a million dollars when the penny stock he was betting on shed 98 percent of its value in a matter of weeks. But when he looked deeper, he found this wasn’t a typical penny stock pump-and-dump scheme. He was determined to get to the bottom of it.

For one thing, there were two huge companies involved. Continue reading “Article: BIG PLAYERS, LITTLE STOCKS, AND NAKED SHORTS”

Book: Chain of Title: How Three Ordinary Americans Uncovered Wall Street’s Great Foreclosure Fraud

Book
Amazon Page

In the depths of the Great Recession, a cancer nurse, a car dealership worker, and an insurance fraud specialist helped uncover the largest consumer crime in American history—a scandal that implicated dozens of major executives on Wall Street. They called it foreclosure fraud: millions of families were kicked out of their homes based on false evidence by mortgage companies that had no legal right to foreclose.

Continue reading “Book: Chain of Title: How Three Ordinary Americans Uncovered Wall Street’s Great Foreclosure Fraud”

Article: Whisleblower Vindicated Massive Trading Firm Knight Capital Charged With Abusing “Naked Shorts”

Article - Media

Whisleblower Vindicated: Massive Trading Firm Knight Capital Charged With Abusing “Naked Shorts”

David Dayen

The Intercept, 15 December 2016

Back in September, I wrote a seven-part series at The Intercept chronicling how former Wall Street trader Chris DiIorio, determined to figure out how he lost a small fortune on a penny stock, came to the conclusion that gigantic market-making firm Knight Capital, now known as KCG, repeatedly violated federal regulations meant to prevent abuse in what are known as “naked short sales.”

Read full article.