Darren Saunders was an investor, activist, and one of the stars in The Wall Street Conspiracy (2012) documentary. He was a victim of Naked Short Selling and spent the remainder of his life exposing and protested daily to raise awareness about the financial crime of naked short selling He eventually hooked up with David Patch, another victim and activist and was known as one of the “dirty dozen.” Saunders passed away from cancer in 2010.
This week, an important online news service released an article that should send shockwaves into our public markets. In very curt form, the article chronicles the many abuses of U.S. public companies by short selling manipulators, particularly through naked short selling and regular and derivative based synthetic shorting. By implication, the article recites the sheer embarrassing ineffectiveness of our regulators, who are engaged in a pattern of systematic conflicts of interest with revolving doors that are a major disgrace to our own government.