Article: Five More Plead Guilty to Conspiring to Stage Automobile Accidents in Order to Defraud Insurance and Trucking Companies

Article - Media, Publications

Five More Plead Guilty to Conspiring to Stage Automobile Accidents in Order to Defraud Insurance and Trucking Companies

Department of Justice, 25 May 2021

NEW ORLEANS, LOUISIANA – United States Attorney Duane A. Evans announced that LOIS RUSSELL (“RUSSELL”), age 61 of Gibson, Louisiana, TANYA GIVENS (“GIVENS”), age 43, of Gibson, Louisiana; HENRY RANDLE (“RANDLE”), age 64, of Gibson, Louisiana; JOHN DIGGS (“J. DIGGS”), age 60, of Thibodaux, Louisiana; and DAKOTA DIGGS (“D. DIGGS”), age 25, of Ft. Smith, Arkansas, entered a plea of guilty today to Conspiracy to Commit Mail Fraud, in violation of Title 18, United States Code, Section 371, arising out of staged automobile accidents with tractor-trailers occurring in New Orleans.

According to today’s guilty plea, on March 27, 2017, RUSSELL, GIVENS, and J. DIGGS conspired with passenger James “Curtis” Williams (“Williams”) to stage an accident with a tractor-trailer at the intersection of Chef Menteur Highway and Downman Road. Damien Labeaud (“Labeaud”) and Roderick Hickman (“Hickman”), who have already pleaded guilty to staging other accidents, also participated in this accident. Hickman, while driving RUSSELL’s car, intentionally struck the 18-wheeler and then fled the scene with Labeaud. RUSSELL advised NOPD that she was the driver and she, along with GIVENS and J. DIGGS, made claims for personal injuries. In total, the victim trucking and insurance companies paid out $272,500.00 for these fraudulent claims. Continue reading “Article: Five More Plead Guilty to Conspiring to Stage Automobile Accidents in Order to Defraud Insurance and Trucking Companies”

Article: Tense YMCA board scrambles to replace CEO amid scandal

Article - Media, Publications

Tense YMCA board scrambles to replace CEO amid scandal

David Hammer / Eyewitness Investigator,  26 March 2021

NEW ORLEANS — The Dryades YMCA board of directors held a tense meeting Friday and had to scramble to deal with the retirement of its longtime president and chief executive officer as state and local police looked into allegations of employees’ falsified background checks.

It was the first time the board had met since a scathing letter earlier this month from New Orleans Public Schools alleged fake employee background checks at James Singleton Charter School, a public K-8 school run by and housed in the historic Y in Central City.

The board members gave the Y’s departing president and CEO, Doug Evans, a standing ovation after he made brief comments. He spent 45 years working for one of the few formerly segregated Black YMCA’s left in the country. Evans touted his team’s work supporting and educating the Central City community, providing youth programs and teaching water safety. Continue reading “Article: Tense YMCA board scrambles to replace CEO amid scandal”

Journalist: Richard B. Evans

Journalist, People

Richard B. Evans  Associate Professor of Business Administration, Donald McLean Wilkinson Research Chair in Business Administration.

Richard Evans’ research deals broadly with investment decisions, and his current research projects explore fund manager compensation and incentives, exchange-traded funds, corporate political activity and stock performance, short-selling and quantitative vs. fundamental investment strategies. Continue reading “Journalist: Richard B. Evans”

Article: Co-Diagnostics Inc. [CODX] stock Reiterated by H.C. Wainwright analyst, price target now $20

Article - Media

Co-Diagnostics Inc. [CODX] stock Reiterated by H.C. Wainwright analyst, price target now $20

Brandon Evans

DBT News, 30 April 2020

Co-Diagnostics Inc. [NASDAQ: CODX] traded at a low on 04/29/20, posting a -8.57 loss after which it closed the day’ session at $12.37. The results of the trading session contributed to over 5099148 shares changing hands. Over the past one week, the price volatility of Co-Diagnostics Inc. stands at 10.98% while the volatility over the past one month is 12.61%.

The market cap for CODX stock reached $332.63 million, with 26.89 million shares outstanding and 20.80 million shares in the current float. Compared to the average trading volume of 12.82M shares, CODX reached a trading volume of 5099148 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Read full article.

 

Comment: This company is at risk of collusion between a placement agent and naked short sellers.

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Paper: ETF Short Interest and Failures-to-Deliver: Naked Short-Selling or Operational Shorting?

Paper

ETF Short Interest and Failures-to-Deliver: Naked Short-Selling or Operational Shorting?

Richard B. Evans, Rabih Moussawi, Michael S. Pagano, John Sedunov

Darden Business School, 3 May 2017

We identify an alternative source of ETF shorting related to the market maker liquidity provision and creation/redemption activities. This “operational shorting” arises due to a regulatory exemption, allowing ETF market makers to satisfy excess demand in secondary markets by selling ETF shares that have not yet been created.

PDF (79 pages): ETF Short Interest and Failures-to-Deliver: Naked Short-Selling or Operational Shorting?