Foreign Collusion, Naked Shorting (Counterfeiting) & Money Laundering — All Illicit Wealth
Uber underwriters worried about the IPO deployed unusual ‘naked short’ tactic to support the stock
Leslie Picker, Hugh Son
CNBC, 14 May 2019
Uber’s underwriters, led by Morgan Stanley, were so worried the company’s initial public offering had run into trouble, they deployed a nuclear option ahead of the deal last week, so they could provide extra support for the stock, four people with knowledge of the move said.
Lyft is threatening litigation against Morgan Stanley, accusing the firm of supporting short-selling
Deirdre Bosa, Leslie Picker
CNBC, 6 April 2019
Lyft has threatened litigation against Morgan Stanley, accusing the firm of supporting short-selling for investors who are subject to lock-up agreements.
In a letter sent to Morgan Stanley on April 2, Lyft questioned the firm about its alleged role in helping market certain products that would help pre-IPO investors bet against the stock.
THE DOLLAR HAS NO INTRINSIC VALUE : DO YOUR ASSETS?
