Article: No Surprise Here: Institutions Could Run Bitcoin’s Price Higher

Article - Media, Publications

No Surprise Here: Institutions Could Run Bitcoin’s Price Higher

ETF Trends, 31 March 2021

Institutions are slowly warming to Bitcoin, which many market observers believe will lead to substantial long-term price appreciation.

Institutional investors are playing an increasingly prominent role in the Bitcoin market, and that role is likely to continue growing. For smaller investors, there are tangible benefits to this scenario. Continue reading “Article: No Surprise Here: Institutions Could Run Bitcoin’s Price Higher”

Subject: Al Green

Subject of Interest

Al Green (D-TX) is a committee member of the 116th Congress U.S. House Committee on Financial Services. He is an American lawyer and politician. Green has served in Congress as the Representative for Texas’s 9th congressional district since 2005. Green is a member of the Democratic Party. He attended Florida A&M University and Tuskegee University. He received a Juris Doctor degree, in 1974 from Thurgood Marshall School of Law at Texas Southern University. After law school, Green co-founded the law firm of Green, Wilson, Dewberry, and Fitch.  In 1978, Green was elected justice of the peace in Harris County, Texas. He held this position for 26 years before retiring in 2004.


U.S. House Banking Committee on Financial Services


Article: Wirecard — Who’s Who of Bad Boys

Article - Media

Wirecard critics targeted in London spy operation

Miariam Jackson

The Union Journal, 11 December 2019

Two specialist traders, Matt Earl and Fraser Perring, co-authored the Zatarra report and therefore are one of the eight guys surveilled over recent weeks, combined with Mr [Crispin] Odey, Brett Palos, the stepson of merchant Philip Green, along with Nick Gold, a veteran stock exchange speculator.

Wirecard executives seem to have guessed a mole was working at a senior level within the firm after Mr Earl and Mr Perring released their Zatarra Report at 2016, prompting a criminal investigation from Germany into alleged market manipulation.

Article: Criminal investigation into possible price rigging in London foreign exchange market

Article - Media, Publications

Criminal investigation into possible price rigging in London foreign exchange market

Merco Press, 22 July 2014

The United Kingdom Serious Fraud Office (SFO) has launched a criminal investigation into allegations of price rigging in the £3tn-a-day foreign exchange market. The probe will look into allegations of “fraudulent conduct”, the director of the SFO said in a statement.

Around 15 international agencies are investigating allegations of collusion and price manipulation. It is alleged that traders used online chat-rooms to plan the fixing of benchmark prices.

The Financial Conduct Authority (FCA) said in October it had joined other regulators around the world in scrutinizing firms over the potential manipulation of the foreign exchange market.

Several investment banks, including Barclays and HSBC have already suspended currency traders due to the investigation by the FCA. And in March this year the Bank of England suspended one member of staff over the probe.

At the time the head of the Financial Conduct Authority, Martin Wheatley, said that currency manipulation was “every bit as bad” as the Libor scandal, where banks including Barclays, Royal Bank of Scotland and UBS paid fines totaling 6bn dollars relating to Libor fixing.

For the criminal probe the SFO will work in co-operation with the FCA and the US Department of Justice, which announced its own criminal investigation last October.

Earlier this year US prosecutors flew to London to question individuals over allegations of market manipulation.

The Serious Fraud Office is an independent UK government department responsible for investigating and prosecuting serious and complex fraud, bribery and corruption. It is headed by the Director, David Green CB QC, who exercises powers under the superintendence of the Attorney General. These powers are derived from the Criminal Justice Act 1987.

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Article: HSBC pays record $1.9bn fine to settle US money-laundering accusations

Article - Media, Publications

HSBC pays record $1.9bn fine to settle US money-laundering accusations

Jill Treanor and Dominic Rushe,  11 December 2012

HSBC was guilty of a “blatant failure” to implement anti-money laundering controls and wilfully flouted US sanctions, American prosecutors said, as the bank was forced to pay a record $1.9bn (£1.2bn) to settle allegations it allowed terrorists to move money around the financial system.

Hours after the bank’s chief executive, Stuart Gulliver, said he was “profoundly sorry” for the failures, assistant attorney general Lanny Breuer told a press conference in New York that Mexican drug traffickers deposited hundreds of thousands of dollars each day in HSBC accounts. At least $881m in drug trafficking money was laundered throughout the bank’s accounts. Continue reading “Article: HSBC pays record $1.9bn fine to settle US money-laundering accusations”

Article: Foul Play Among the UAL Shorts?

Article - Media

Foul Play Among the UAL Shorts?

Gene Marcial

Bloomberg, 8 October 2002

The shorts have crowded in on UAL in a big way, helping to push the parent of financially troubled United Airlines much closer to bankruptcy. The stock has nosedived from $20 a year ago to $2 on Oct. 8. Right after US Airways filed for bankruptcy protection on Aug. 11, UAL (UAL ) announced that it, too, might have to resort to Chapter 11 bankruptcy protection. UAL shares were then trading at $4.

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