Pornhub Offering Free Premium Memberships in Response to Quarantines, CNBC

(FT) “If you think people were upset about bailing out banks where the CEOs were making $50m a year, how are they going to feel about bailing out private equity firms where the CEOs make $500m a year?” said another investor.”
Read more

Rating Brokerage Firms by Their Complaint Histories

The Big Takeover
“The global economic crisis isn’t about money – it’s about power. How Wall Street insiders are using the bailout to stage a revolution”

EXCLUSIVE: Ex-AIG unit head Cassano back in U.S.

Rigging The Municipal Bond Market
“”The “simple fraud” Waszmer described centered around public borrowing. Say your town wants to build a new elementary school. So it goes to Wall Street, which issues a bond in your town’s name to raise $100 million, attracting cash from investors all over the globe. Once Wall Street raises all that money, it dumps it in a tax-exempt account, which your town then uses to pay builders, plumbers, the chalkboard company and whoever else winds up working on the project.But here’s the catch: Most towns, when they raise all that money, don’t spend it all at once. Often it takes years to complete a construction project, and the last contractor isn’t paid until long after the original bond is issued. While that unspent money is sitting in the town’s account, local officials go looking for a financial company on Wall Street to invest it for them.To do that, officials hire a middleman firm known as a broker to set up a public auction and invite banks to compete for the town’s business. For the $100 million you borrowed on your elementary school bond, Bank A might offer you 5 percent interest. Bank B goes further and offers 5.25 percent. But Bank C, the winner of the auction, offers 5.5 percent”.(Rollingstone)

Bid Rigging Treasury Bonds

Rigging of Foreign Exchange Market Makes Felons of Top Banks, NYT

Paid Executives Billions with Bailout Money Without Informing Shareholders

Bloomberg Writer Claims Bonuses Akin to Sharing, Comparable to Art

(Wall Street Credit is Subsidized by the Government)

Government Sachs

Private Deals (With Credit Subsidized By The Government)

(Bloomberg) Sept. 29, 2008 – “As much as $37 billion from federal bailout loans to American International Group Inc. has gone to investment banks including Goldman Sachs Group Inc., the firm Treasury Secretary Henry Paulson used to run”.

“It was the biggest crisis ever — if you’re an investment bank,” said Joshua Rosner, a managing director at investment research firm Graham Fisher & Co. in New York. We didn’t just save AIG. We saved the counterparties, the banks. It’s true that it would have been a disaster, but it would have been a disaster for them.” The firms received cash as AIG borrowed from a Federal Reserve credit line endorsed by Paulson, Goldman’s former chief executive.
Without the government money, Goldman, Merrill Lynch & Co., Morgan Stanley, Deutsche Bank AG and other firms could have become some of the biggest creditors in a bankruptcy filing by AIG”

June 26 2006: 4:18 PM EDT NEW YORK ( — “The $183,500 salary for the Treasury Secretary post may not mean much to nominee Henry Paulson, Jr., who’s used to earning closer to $40 million”.

“Paulson, who is expected to get the nod from the Senate Finance Committee as early as Tuesday, owns about $480 million worth of Goldman Sachs stock, which the White House said he would sell to avoid conflicts of interest, according to published reports”.

Settlements in Foreign Exchange and Interest Rate Cases, NYT

In FX rigging: ‘If you ain’t cheating, you ain’t trying’, Reuters

The Perfect Example of Related Party Transaction Abuse.

Once-Unthinkable Criminal Pleas by U.S. Banks Get Investor ‘Meh’, Bloomberg

The Man Who Crashed the World (Joseph Cassano, AIG)

List of largest corporate profits and losses, Wikipedia

Visium Asset Management Inflates Asset Prices

In the Matter of Visium Asset Management, LP Admin. Proc. File No. 3-18473

“Visium’s Sanjay Valvani found dead in apparent suicide after insider trading charge”

Hedge fund suing Sanjay Valvani’s widow to recover the millions he earned at firm

“Pharmaceutical Enron”. Plaintiff TIMBER HILL LLC
(Interactive Brokers) Vs Defendant Valeant Pharma

2019, The Nations Largest Banks Rigged The Government Sponsored Housing Bond Market….Too….

Defendants’ unlawful agreement exploited both the structure of the vast over-thecounter (“OTC”) secondary market for GSE Bonds and the lack of systems and controls in place during the Class Period to detect such misconduct. Unlike stocks, which trade on a national exchange at publicly visible prices, investors looking to buy or sell GSE Bonds in the OTC market must typically communicate directly with a salesperson or trader to request a price quote. Prices are given individually by dealers in response to such requests made by phone or in electronic chats, making the process of pricing a GSE Bond slow and opaque compared to exchange-based markets, like the stock market, where a multitude of banks and investors and other agents can see price information updated in real-time as they trade. This opaque structure supported Defendants’ agreement to unlawfully increase their own profits at the expense of Plaintiffs and the Class by fixing the prices of GSE Bonds.

Initial Public Offering Securities Litigation (laddering scandal)

All 310 Cases Listed in One Place

U.S. Underwriters Face Losses on B.P. Offering

Citigroup structures, markets and sells billions in CDO’s to investors then shorts them immediately preceding the financial crisis (SEC litigation release)

Non-Profit organization attempts to block the settlement of the above Citigroup CDO Litigation

“Goldman Sachs created what is referred to as the “Abacus deal,” which became notorious for the conflicts of interest it exposed at Goldman Sachs. In the Abacus deal, Goldman Sachs constructed a CDO whose failure was all but guaranteed. Goldman constructed the CDO with the help of one of its clients, who picked the mortgages that would make up the CDO. That client shorted the deal at the same time that Goldman was selling interests in the CDO to another client”.

Here’s the staggering amount banks have been fined since the financial crisis, Marketwatch

“The development of our financial oligarchy followed, in this respect, lines with which the history of political despotism has familiarized us:-usurpation, proceeding by gradual encroachment rather than by violent acts; subtle and often long-concealed concentration of distinct functions….

…...which are beneficent when separately administered, and dangerous only when combined in the same persons. It was by processes such as these that Caesar Augustus became master of Rome. The makers of our own Constitution had in mind like dangers to our political liberty when they provided so carefully for the separation of governmental powers”.

Other People’s Money and How the Bankers Use It, 1914 – Chapter I: Our Financial Oligarchy

DOJ Will Not Prosecute Goldman Sachs in Financial Crisis Probe

Goldman’s Abacus lies

Veteran Goldman Sachs Executive Leaves The Company Due To Ethical Concerns
“What are three quick ways to become a leader? a) Execute on the firm’s “axes,” which is Goldman-speak for persuading your clients to invest in the stocks or other products that we are trying to get rid of because they are not seen as having a lot of potential profit. b) “Hunt Elephants.” In English: get your clients — some of whom are sophisticated, and some of whom aren’t — to trade whatever will bring the biggest profit to Goldman. Call me old-fashioned, but I don’t like selling my clients a product that is wrong for them. c) Find yourself sitting in a seat where your job is to trade any illiquid, opaque product with a three-letter acronym”.

During the summer and fall of 2007, Defendant Citigroup Inc. (“Citigroup”) made a series of material misstatements about its investment bank’s exposure to sub-prime mortgages..Citigroup made these misstatements at a time of heightened investor and analyst interest in public company exposure to sub-prime mortgages. Citigroup represented that it had reduced its investment bank’s sub-prime exposure from $24 billion at the end of 2006 to $13 billion or slightly less than that amount. In fact, however, in addition to the approximately $13 billion in disclosed subprime exposure, the investment bank’s sub-prime exposure included more than $39 billion of “super senior” tranches of-sub-prime collateralized debt obligations and related· instruments called “liquidity puts” and thus exceeded $5~ billion.

“The story of how this works begins in 27 industrial warehouses in the Detroit area where a Goldman subsidiary stores customers’ aluminum. Each day, a fleet of trucks shuffles 1,500-pound bars of the metal among the warehouses. Two or three times a day, sometimes more, the drivers make the same circuits. They load in one warehouse. They unload in another. And then they do it again.

This industrial dance has been choreographed by Goldman to exploit pricing regulations set up by an overseas commodities exchange, an investigation by The New York Times has found. The back-and-forth lengthens the storage time. And that adds many millions a year to the coffers of Goldman, which owns the warehouses and charges rent to store the metal. It also increases prices paid by manufacturers and consumers across the country”NYT

TBTF Banks Lawyers Meet Once Per Year In Versailles In Secret to Devise Plans on How They Can Work Together to Reduce Blowback From Constantly Being Sued Every Single Year For Various Systemic Thefts That They Have Institutionalized Into Their Business Models and Corporate Culture. Don’t Forget This Too: Their Profits Are Also Subsidized By The Government

(2007) Citigroup Appoints a Hedge Fund Manager to Run Their Government Subsidized Bank and Manage Millions of Americans Savings While Offering Practically No Interest on Their Deposits. He is Also Endorsed By Robert E Rubin, Former Treasury Secretary and Citigroup Executive

(Livemint) “Vikram has earned a reputation as one of the most respected leaders in the financial services industry. The combination of his deep executive experience and long history as a strategic thinker makes him the outstanding choice to be Citi’s CEO,”

“The Board is unanimous in its conviction that, as part of a new generation of executives in this industry, Vikram is the right leader to build on the exceptional strengths of this great company and take the steps necessary to lead us forward,” Rubin said in a statement.

(2012) “Citigroup CEO ousted for mismanaging operations: source”
“Citigroup Inc. directors ousted CEO Vikram Pandit after concluding he had mismanaged operations, leading to setbacks with regulators and a loss of credibility with investors, a person with knowledge of the discussions said”, Financial Post

The $9 Billion Witness: Meet JPMorgan Chase’s Worst Nightmare

In Financial Crisis, No Prosecutions of Top Figures

The Bear Stearns Conspiracy | The Nation

The SEC’s Internal Battles over Goldman Sachs Probe(Paywall)

Lehman Lending To Itself, Uses Collateral To Finance Repo Borrowing

The Magnetar Trade: How One Hedge Fund Helped Keep the Bubble Going

“The trader known as the London Whale lost more than $6.2 billion for JPMorgan Chase & Co. last year. That’s a lot of money until you remember that it didn’t stop the bank from earning a record profit of $21.3 billion”. Bloomberg

FRONTLINE investigates why Wall Street’s leaders have escaped prosecution for any fraud related to the sale of bad mortgages. (no pending investigations — at all)

Frontline Gets Its Man: Lanny Breuer Leaves DOJ After Exposé

SEC Hiring Freeze Hits Enforcement Staff Hard, Andrew Ramonas Sept. 4, 2018

“The Claytons (Current SEC Chairman) own a place in Ocean City, a beach community in southern New Jersey, that Clayton valued at $1 million to $5 million; a rental property there worth more than $1 million; and another property in Philadelphia, worth up to $5 million. And that doesn’t include their 3,000-square-foot loft apartment on Hudson Street, in Manhattan’s Tribeca, which they bought for around $3.2 million in 2006, according to city records. All told, the couple has a net worth of more than $50 million”. The Intercept

The Carmen Segarra Tapes

Before she could formalize her findings, Segarra said, the senior New York Fed official who oversees Goldman pressured her to change them. When she refused, Segarra said she was called to a meeting where her bosses told her they no longer trusted her judgment. Her phone was confiscated, and security officers marched her out of the Fed’s fortress-like building in lower Manhattan, just 7 months after being hired.

“They wanted me to falsify my findings,” Segarra said in a recent interview, “and when I wouldn’t, they fired me.”

Quick summary. gives you the gist

Conclusions (Short)

The Actual Recordings: Audio Plus Introduction that Includes a Quick Summary

Inside the New York Fed: Secret Recordings and a Culture Clash

NY Fed Fired Examiner Who Took on Goldman

“U.S. District Judge Ronnie Abrams in New York ruled late Wednesday that the assertion by Carmen Segarra that supervisors retaliated against her failed to fall within the whistleblower statute under which she filed her case”. Propublica

(This is terrifying)

“Plaintiff continues to object to Defendants inserting their versions of facts into the discussion at this point in the proceeding, when the Judge has granted their request to stay discovery. For example, Defendants continue to say Goldman is not a depository institution (This is like something you’d expect to see in Russia) when there has been no discovery and no stipulation regarding how or why Goldman came to be examined by the New York Federal Reserve Bank through Carmen Segarra. The Court has been abundantly considerate of Defendants’ wishes to stay discovery; for any discrepancy in facts, the Plaintiffs version of the facts must be given deference. Plaintiff continues to hope the Court will not find itself distracted by Defendants’ ‘red herrings.’” (Italicized text is my own)….

At this direct link from the FDIC, we see that Goldman Sachs Bank USA is a direct unit of Goldman Sachs Group, Inc., the bank holding company. We also see that the commercial bank has been insured by the FDIC since November 28, 2008″

“Segarra’s lawyer, Linda Stengle, filed a letter with the court asking for a more complete disclosure of the Judge’s husband’s relationship with Goldman Sachs. The New York Fed responded with its own letter, writing: “Plaintiff’s request for additional disclosures raises concerns about the appearance of a different sort of impropriety: forum shopping…Under these circumstances, the Court should deny Plaintiffs request for additional disclosures and proceed with the case.”

Tower Financial Corp. and Jeffrey Epstein Ponzi Scheme Complaint

Andrew Madoff, Who Told of His Father’s Swindle, Dies at 48

Bonventre, the Director of Operations at Bernard L. Madoff Investment Securities LLC (Complaint)

The Bernie Madoff Chronicles – Detailed Exposé By Vanity Fair

JPMorgan and Madoff Were Facilitating Nesting Dolls-Style Frauds Within Frauds



How High Up Did the London Whale Criminality Go at JPMorgan?

Will Jamie Dimon Finally Lose His Job Over Racketeering Charges?

JP Morgan Unit Agree to $410 Million in Penalties, Disgorgement to Ratepayers

JPMorgan Chase to pay $410 million penalty in electricity pricing scheme

JPMorgan Gets Back Into the Electricity Business

How The Fed Creates Money

Man Buys The Entire Float, Wakes Up The Next Day To See The Stock Still Trading Millions Of Shares!!


The Big 4 Banks Hold Deposits Equal To 27% of the Entire U.S. GDP, But They Couldn’t Come Up With $100 Billion For Repo Loans, WSP Reports

(WSP)Wall Street Is Gobbling Up Two-Thirds of Your 401(k)

“The Retirement Gamble raises troubling questions about how America’s financial institutions protect our retirement savings”.(WSP)

Libor Scandal: Why the N.Y. Fed Must Be Investigated, Eliot Spitzer

The New York Fed is the most powerful financial institution you’ve never heard of. Look who’s running it. Eliot Spitzer

Fed Minutes Reveal a Dangerous Power Grab by New York Fed(WSP)

BATS Admits CEO Lied About HFT On CNBC

It’s a Big Club, and You’re Not In It:

(Reuters) “In the third quarter of 2014, Fidelity funds boosted their collective stake in Ultragenyx by 3.3 million shares to become the biotech firm’s largest mutual fund investor, with nearly 4.6 million total shares. By then, the average closing price of the stock had moved up to $50.24 from $41.17 in the second quarter. During the same quarter, F-Prime unwound most of its stake in Ultragenyx by distributing the stock to limited and general partners, U.S. regulatory filings show”.

F-Prime is owned by Johnson Family members, insiders and affiliates(agents, cronies, friends, however you want to put it — the club that you’re not in)

“MIT Sued Over Alleged 401(k) Quid Pro Quo With Fidelity”,

After Charges of Running a Price Fixing Cartel on Nasdaq in the 90s, Wall Street Banks Are Now Trading Their Own Stocks in Darkness(WSP)

(Leaking Fed Minutes Before They Are Released; Allows You To Trade Ahead of the Market Because Fed Policy Will Shift Equity and Bond Prices ) “During his employment at Goldman, the Associate wrongfully obtained confidential information, including approximately 35 documents, on approximately 20 occasions, from a former co-worker at the New York Fed (the “New York Fed Employee”). These documents constituted confidential regulatory or supervisory information – many marked as “internal,” “restricted,” or “confidential” – belonging to the Department, the New York Fed or the Federal Deposit Insurance Corporation (the “FDIC”). The Associate’s main conduit for receiving information from the New York Fed was his former coworker, the New York Fed Employee, who has since been terminated for this conduct.While still employed at the New York Fed, the New York Fed Employee would email documents to the Associate’s personal email address, and the Associate would subsequently forward those emails to his own Goldman work email address”. ValueWalk..


The Nasdaq stock market, filled with the stocks of rigged analyst research from the iconic firms on Wall Street (the target of investigation), had imploded, losing 66 percent of its pumped up value and wiping out $4 trillion in wealth”.(WSP)


In 2003 there had been a few tens of billions of dollars of subprime mortgage loans. From June 2004 until June 2007, Wall Street underwrote $1.6 trillion of new subprime-mortgage loans and another $1.2 trillion of so-called Alt-A loans—loans which for some reason or another can be dicey, usually because the lender did not require the borrower to supply him with the information typically required before making a loan”

“I’m convinced that our input into the system led to a substantial portion of the increase in housing prices in the U.S. We facilitated a trillion dollars in mortgages,” says one trader. “Just us.(AIG)”

From “The Man Who Crashed the World”, by Michael Lewis

“The Fed Board of Governors contends that it is separate from member institutions, including the Federal Reserve Bank of New York, which runs most of the lending programs. Most documents relevant to the Bloomberg suit are at the New York Fed, ***which isn’t subject to FOIA law***, according to the central bank. The Board of Governors has 231 pages of documents, to which it is denying access under an exemption for trade secrets”.

“The Board cannot seriously maintain that the NY Fed does not perform governmental functions and control information of interest to the public,” Bloomberg said in yesterday’s motion”.

Sachs (Fake news, but still a lot of interesting facts embedded within the bs.)

Sir Greenspan

Citigroup’s Vast Swath of Subsidiaries, 2007

(Bloomberg) “JPMorgan Chase & Co. CEO Jamie Dimon told shareholders in a March 26, 2010, letter that his bank used the Fed’s Term Auction Facility ***“at the request of the Federal Reserve to help motivate others to use the system.”*** He didn’t say that the New York-based bank’s total TAF borrowings were almost twice its cash holdings or that its peak borrowing of $48 billion on Feb. 26, 2009, came more than a year after the program’s creation.

“What the Energy Group had long lobbied for and finally received from its Federal regulator was the breathtaking ability to trade oil contracts and oil derivatives secretly in the over- the-counter (OTC) market, thus avoiding the scrutiny of regulated commodity exchanges, their CFTC regulator, and Congress. The April 6, 2001 letter was essentially to say thanks and interpret the new rules as favorably as possible for the Energy Group”. WSP

Citigroup literally writes the legislation word for word to remove restrictions on commercial banks holding exotic derivatives; the very financial products that brought down the financial system. Holding these financial products outside of their bank increases the cost because they cease to be insured by the FDIC. Today in 2020, Citi holds almost 1 trillion in derivatives in their commercial bank, subsidized by the government(NYT)

C-SPAN Short Clips. Deep Due Diligence

The Implicit Government Bank Bailout Subsidy Was Estimated to be as High as $300 Billion In 2011, Three Times that of all U.S Bank Holding Companies Annual Earnings in the Same Year (Yes, You Read That Right)

Sticker Shock: $23.7 Trillion Bailout? – ABC News (it was more!)

FDIC Appears to Fully Support Rent-a-Bank Schemes

“The rent-a-bank scheme works like this: More than half of all states have interest rate caps on consumer loans. They have been largely rendered irrelevant for credit cards, thanks to a court ruling that allows banks to adopt credit card interest rates in the state where they are headquartered. That’s because the National Bank Act of 1864 pre-empts state usury caps for national banks that do not reside in that state”. Prospect’s-bank-regulators-open-the-door-to-more-predatory-lend/

“This couple went to a small business lender — within two years they had lost their house”

“They agreed to make repayments of $5,250 a month, but this would jump to $37,500 a month if they ever fell behind on the loan”.

“From an office near New York’s Times Square, people trained by a veteran of Jordan Belfort’s boiler room call truckers, contractors and florists across the country pitching loans with annual interest rates as high as 125 percent, according to more than two dozen former employees and clients. When borrowers can’t pay, Naidus’s World Business Lenders LLC seizes their vehicles and assets, sometimes sending them into bankruptcy”.

How Banks Can Use Their Commercial Holdings to Manipulate Markets for the Purpose of Increasing their Trading Profits; Or Vise Versa

Foreign Investors Own About 35 Percent of U.S. Corporate Stock

In the 11 Years Following the Financial Crisis, Not One Bank Merger Has Been Rejected According to the Committee on Financial Services

Who Owns the Fed and How Does it Work in 5 Minutes

But the reservoir of other people’s money, from which the investment bankers now draw their greatest power, is not the life insurance companies, but the banks and the trust companies. Bank deposits represent the really quick capital of the nation. They are the life blood of businesses. Their effective force is much greater than that of an equal amount of wealth permanently invested. The 34 banks and trust companies, which the Pujo Committee declared to be directly controlled by the Morgan associates, held $1,983,000,000 in deposits. Control of these institutions means the ability to lend a large part of these funds, directly and indirectly, to themselves; and what is often even more important, the power to prevent the funds being lent to any rival interests. These huge deposits can, in the discretion of those in control, be used to meet the temporary needs of their subject corporations. When bonds and stocks are issued to finance permanently these corporations, the bank deposits can, in large part, be loaned by the investment bankers in control to themselves and their associates; so that securities bought may be carried by them, until sold to investors. Or these bank deposits may be loaned to allied bankers, or jobbers in securities, or to speculators, to enable them to carry the bonds or stocks. Easy money tends to make securities rise in the market. Tight money nearly always makes them fall. The control by the leading investment bankers over the banks and trust companies is so great, that they can often determine, for a time, the market for money by lending or refusing to lend on the Stock Exchange. In this way, among others, they have power to affect the general trend of prices in bonds and stocks. Their power over a particular security is even greater. Its sale on the market may depend upon whether the security is favored or discriminated against when offered to the banks and trust companies, as collateral for loans.

The control by the leading investment bankers over the banks and trust companies is so great, that they can often determine, for a time, the market for money by lending or refusing to lend on the Stock Exchange. In this way, among others, they have power to affect the general trend of prices in bonds and stocks. Their power over a particular security is even greater. Its sale on the market may depend upon whether the security is favored or discriminated against when offered to the banks and trust companies, as collateral for loans.

In 2008, The New York Times Said That Giving Investment Bankers Banking Charters Would Finally Put an End To Gluttonous Wall Street Paychecks

According to plea agreements to be filed in the District of Connecticut, between December 2007 and January 2013, euro-dollar traders at Citicorp, JPMorgan, Barclays and RBS – self-described members of “The Cartel” – used an exclusive electronic chat room and coded language to manipulate benchmark exchange rates.

One-Third of Americans’ Monthly Income Is Going Toward Paying Off Debt

“The top 20 stock buyback programs in corporate America have spent $1.4 trillion buying back their own shares since the Great Recession ended”.(CNBC)

The Average American millennial only has $8,000 in total net worth
“Researchers and popular media use the early 1980s as starting birth years and the mid-1990s to early 2000s as ending birth years”, Wikipedia

The United States is One of the Most Unequal Countries in the World According to the OECD

Holding U.S. Treasurys? Beware: Uncle Sam Can’t Account For $21 Trillion (Forbes)—awards-still-rolling/#6602d35247ea

Analysts posing as doctors with leukemia patients to get information on clinical trials

J.P. Morgan to Pay $267 Million for Disclosure Failures

The Craziest Video You’ll Ever Watch on JPMorgan’s Jamie Dimon

Suicide Bankers

Banking Deaths: Why JPMorgan Stands Out



Police Begin Search After Danske’s Ex-CEO in Estonia Goes Missing

Body of Danske Bank’s former Estonian chief found

Bart Chilton Dies, April 27, 2019, Age 58. Final Interview, Here, and Here

“On March 18 of last year, Bart Chilton, then a Commissioner at the Commodity Futures Trading Commission (CFTC), stunned CNBC viewers with the announcement that wash sales were rampant in the futures markets. Speaking to Squawk Box host, Joe Kernen, Chilton stated”…….(WSP)

Volume Fake, Inflated (Not Surprising)

Mark Pittman, Reporter Who Challenged Fed Secrecy, Dies at 52

“Pittman asked Treasury officials for details related to guarantees the agency had provided on securities held by Citigroup, American International Group Inc. and Bank of America Corp”….”More than 20 months later, after saying at least five times that a response was imminent, Treasury officials responded with 560 pages of printed-out e-mails — none of which Pittman requested. They were so heavily redacted that most of what’s left are everyday messages such as “Did you just try to call me?” and “Monday will be a busy day!”, Bloomberg

The table below shows the short term loans that investment banks received from the fed during the financial crisis.

As of 2019, they are receiving similar loans in the form of Repo Agreements (Repurchase Agreements). The last time the fed was forced to resort to such drastic market intervention was during the financial crisis, and this is illustrated in the above table

You might have to lean in close, because those numbers are so large that you may dismiss what you are seeing as some kind of misunderstood anomaly; what they refer to as “cognitive dissonance“.

Looks eerily similar to that first table, doesn’t it?

Yes, they are funneling 100’s of billions of dollars per day into Wall Street Trading Houses as of 4th quarter 2019.

From NYF Website: “In accordance with the most recent Federal Open Market Committee (FOMC) directive, the Open Market Trading Desk (the Desk) at the Federal Reserve Bank of New York will conduct a series of overnight and term repurchase agreement operations (repos) at least through January of next year to ensure that the supply of reserves remains ample even during periods of sharp increases in non-reserve liabilities, and to mitigate the risk of money market pressures that could adversely affect policy implementation”.

The Big 4 Banks Hold Deposits Equal To 27% of the Entire U.S. GDP, But They Couldn’t Come Up With $100 Billion For Repo Loans, WSP

(November 11, 2019) “Today’s Fed loans are being made at the ridiculously low interest rate of 1.55 percent (as of last Friday) and structured as repurchase agreements (repos) with U.S. treasuries or federal agency mortgage-backed securities (MBS) accepted as collateral for the loans. This is the first time that the Fed has made such loans since the financial crisis and yet no Fed official can explain what the crisis is today. It is completely possible that the Fed is loaning money at 1.55 percent to a trading firm and the trading firm is re-loaning that money as a 9 percent margin loan to a stock trading customer or using the funds to trade for itself”.(WSP)

(Reuters) U.S. banks’ reluctance to lend cash may have caused repo shock: BIS

Fed President Seems to Forget that Equities are Bought with Cash, and not T-Bills, Jan.17th, 2020

There Is Now Only One Clearing Bank In The United States, and The Financial Community Is Eerily Silent

SEC staff saw Madoff as a voice of authority

“The first top-to-bottom audit of the Federal Reserve uncovered eye-popping new details about how the U.S. provided a whopping $16 trillion in secret loans to bail out American and foreign banks and businesses during the worst economic crisis since the Great Depression…The Fed outsourced virtually all of the operations of their emergency lending programs to private contractors like JP Morgan Chase, Morgan Stanley, and Wells Fargo. The same firms also received trillions of dollars in Fed loans at near-zero interest rates. Altogether some two-thirds of the contracts that the Fed awarded to manage its emergency lending programs were no-bid contracts. Morgan Stanley was given the largest no-bid contract worth $108.4 million to help manage the Fed bailout of AIG.”(WSP)

Frank DiPascali (key lieutenant of Bernard Madoff for three decades)

How Bernie did it, Special Report.

Madoff Client Jeffry Picower Netted $5 Billion—Likely More Than Madoff Himself—likely-more-than-madoff-himself/

Jeffry Picower

Thierry Magon de La Villehuchet

Imprisoned Felon Was Adviser to Madoff Investor

The story of MAK, the flamboyant Khan from Wall Street

Was He Wiser Than the Wise Guys?

SEC short-selling focus snares Millennium over lapse in simple rule

Stock Picking Skills of SEC Employees

Telling elderly and naive customers that pipes are “safe riskless investments”

Pequot Capital Management

Undue Influence at the SEC?
Part 1,8599,1653546-1,00.html

Undue Influence at the SEC?
Part 2,8599,1653546-2,00.html

Lynn Turner Wants to Break up the Big Four
“The people involved in that case are people who worked at a Big Four audit firm, went to work for the regulator, then left the regulator and went back to the firm. And when they went back to the firm, they illegally obtained information from the regulator that they then used inside the audit firm.”


Dangerous Liaisons, Sec Revolving Door

Is the SEC Covering Up Wall Street Crimes?

“Dairy farmers who saw a $1.5 million portfolio incur $1.3 million in trading costs in a single year”.
“It’s a hollow victory because the award is probably not worth the paper it’s printed on,” said Andrew Stoltmann, president of the Public Investors Arbitration Bar Association.

(TheStreet) “The hearings are held behind closed doors, the rules are written by an operation that’s financed by Wall Street and the decisions of the arbitrators typically are issued with no explanation. Little surprise that many ugly details about the process stay private, too”.

“every individual investor in America with a brokerage account is forced to forego court and agree instead to use a closed-door council endorsed by Wall Street”.

(Bloomberg) “When a couple in Wichita claimed they lost $187,500 in what they called a Ponzi scheme orchestrated by a Morgan Stanley broker, the industry-funded Financial Industry Regulatory Authority (Finra) provided a list of potential arbitrators to resolve the dispute. Two of the people were dead, one for more than two years, according to Diane Nygaard, the couple’s lawyer. She calls the faulty list a sign of a broken system that has failed to protect investors. “If it were a regular judicial system, you would not have a case appointed to people who are dead,” she says. “Wall Street should not have a special pet court that they operate.”

Securities and Exchange Commission v. Pequot Capital Management, Inc. and Arthur J. Samberg

Securities and Exchange Commission v. Guillaume Pollet

Samuel Israel III

Full text of “Robert Booth Nichols Deposition – Sam Israel Case”

Hedge fund fraudster disappears on way to prison

Missing Hedge Fund Chief Sam Israel’s Girlfriend Arrested

Ivan Boesky

Michael R. Milken


Keating Five, Senators Involved In S&L Crisis

John A. Mulheren

Drexel Burnham Lambert – Wikipedia

Selling PIPE Securities Short, Then Covering With Those Same Securities After Registration, SEC Complaint

This case involves a serial insider trading scheme perpetrated by a group of stock traders that generated over $4.4 million in profits. The primary component of their scheme was the systematic misappropriation of material non-public information from investment banks confidentially marketing secondary stock offerings by publicly traded issuers. The individuals who participated in this aspect of the scheme – Fishoff, Petrello, Chernin and Costantin – together made over $3.2 million by obtaining advance knowledge of the offerings from the investment banks and then, after tipping other members of the group, selling short the issuers’ stock before the offerings were publicly announced. The confidential offering information obtained by these defendants was material because the offering shares were sold by the issuers at a discount to the market price and diluted the holdings of existing shareholders. As a result, the issuers’ stock prices dropped substantially after the offerings were announced, thus enabling the defendants who shorted the stocks to cover their short sales at a hefty profit

Short Selling Ahead of an Offering



Martin Shkreli kept hedge-fund investor in dark about botched short trade, misled him on auditors: testimony

Merrill Lynch salesman describes shock, anger after Shkreli lost $7 million for Merrill on short trade and then threatens firm if it tries to collect(CNBC)

DATELINE NBC Sells Out, Covers up Counterfeiting | CMKX United Shareholders Board

“I just finished watching your story about naked short selling and must say that I’m extremely disappointed. For a story that has been rumored to be in the making for such a long time, it’s brevity spoke volumes”

tossed us a dog biscuit to shut up the scandal. Everyone should inundate them with emails and phone calls demanding more investigating and reporting of it.

Senator Shelby: “Naked short selling isn’t fraud”

(2004)According to a trader who has been in the business for over 20 years, “the issue of naked short selling, or to put it more bluntly, ‘stock counterfeiting’, affects nearly every person who has ever bought or sold stock or invested in mutual funds. This scandal has cost investors and companies trillions of dollars, cost our country billions in tax revenues, and the money stolen from investors has even found its way into the hands of organized crime and terrorist organizations.”

Naked shorting: The curious incident of the shares that didn’t exist, Euromoney

Attorney John O’Quinn killed in wreck

The Petition

A Real Life Example Of A Short Sale Fail To Deliver, Also Known As A “Naked Short”. Courtesy, From Everybody’s Favorite Villain, Martin Shkreli

Nanopierce Technologies, Inc vs .Southridge Capital Mgmt

The Commission alleges in its complaint that Langley Partners and Thorp, after agreeing to invest in a PIPE transaction, typically sold short the issuer’s stock, frequently through “naked” short sales in Canada. Among other things, the Commission’s complaint alleges that: Once the Commission declared the resale registration statement effective, Thorp used the PIPE shares to close out the short positions ? a practice Thorp knew was prohibited by the registration provisions of the federal securities laws. To avoid detection and regulatory scrutiny, Thorp employed a variety of deceptive trading techniques, including wash sales and matched orders, to make it appear that he was covering his short sales with legal, open market stock purchases. In fact, the covering transactions were not open market transactions because Thorp was on both sides of the trades.

In re Adler, Coleman Clearing Corp.

Journalist Sues For Further Disclosure

Gary J. Aguirre Gives Damning Testimony About Regulatory Capture In 2006

“After nearly seven years of litigation, in 2014, a shareholder class of investors settledtheir antitrust claims against some of the world’s largest private equity (“PE”) firms – BainCapital Partners, Blackstone Group, Carlyle, Goldman Sachs, Kohlberg Kravis Roberts & Co.,Silver Lake Technology Management, and TPG Capital – who agreed to pay $590.5 million”

Drug researchers leak secrets to Wall St.

At the core of this scheme was defendants’ perpetration of a massive and fraudulent disinformation campaign attacking the stock of Biovail and other targeted publicly traded companies, including the preparation of ostensibly objective, but in fact biased, analyst reports; defendants’ accumulation of short positions in the stock of those companies, i.e., bets that the stock prices would decline; and defendants’ subsequent unleashing of the disinformation campaign and biased

Biased Research (Sworn Testimony)

Henry Blodget

Blodget Started Businesinsider

“Executive Hedging”
” One shareholder avoided much of that drop: the CEO. On June 19, the day the stock peaked, Olsen contracted with an investment bank to hedge 150,000 shares—a quarter of his stock in the company—against losses if the price fell below 18. As part of the complex maneuver, he agreed to sell his shares to the bank one year later and got an advance of $2.2 million. Olsen, who disclosed his hedging in public filings, declined to comment for this story”. To facilitate this transaction, the banker would immediately short the stock, then buy a call to protect themselves from further appreciation. They make money by charging a fee, while also potentially attracting new customers. (Bloomberg)

“Billionaire Anschutz Loses Big Tax Case” (Executive Hedging)


“ETG also claims that since brokers are not required to report the identities of Purchasers or Short Sellers to regulators and because two of the Defendants generally act as Seller’s Broker and Purchaser’s Broker, Defendants conspired not to enforce delivery of shorted securities, allowing persistent FTDs. ETG claims that instead of forcing delivery, Defendants maintain running IOU tallies among themselves with the Seller’s Broker debiting Short Seller’s account and Purchaser’s Broker crediting Purchaser’s account so as to make it appear as though the securities were delivered. Accordingly, a given Short Seller and Purchaser will not know whether the securities they sold and purchased were ever borrowed or delivered”.

For a hard to borrow security, borrow rates can go anywhere from 20-100 percent per year, but these rates can go much higher in some cases. For a short period of time, TLRY had a borrow rate that was more than 900%, so charging these rates on fictitious loans is obviously the most brazen and shameless form of fraud.

Here are some examples. They are the usual suspects — usually have poor business models, way overvalued, bad press, pump and dumps, over-hyped etc.

“Testifying recently in a lawsuit that is unrelated to Copper River’s closing, Mr. Cohodes maintained that actions taken in the fall of 2008 by Goldman in the handling of trades for Copper River had done irreparable damage to the fund. His testimony, which has not been made public, was obtained by The New York Times. Goldman has sought to seal the transcript of Mr. Cohodes’s deposition, which is part of a case brought by, an Internet retailer, against two of the biggest Wall Street firms. Overstock contends that the firms — Goldman Sachs and Merrill Lynch — failed to borrow company shares that they or their clients sold short, a practice known as naked shorting. Overstock says that the firms essentially evaded rules intended to prevent stock manipulations, and that its stock came under outsize selling pressure as a result”. NYT

“Marc Cohodes Highly Confidential – Attorneys’ Eyes Only”.



Markit is the OTC Derivative Exchange, Controlled By Them

“Markit pricing will shine light on derivatives”, FT, 2007

Once Available, They Refused to Trade on the Public Exchanges.

“Other People’s Money and How the Bankers Use It”, (1914)

“These bankers are, of course, able men possessed of large fortunes; but the most potent factor in their control of business is not the possession of extraordinary ability or huge wealth. The key to their power is Combination….

There is the obvious consolidation of banks and trust companies; the less obvious affiliations–through stockholdings, voting trusts and interlocking directorates–of banking institutions which are not legally connected; and the joint transactions, gentlemen’s agreements, and “banking ethics” which eliminate competition among the investment bankers”.

“Securities Lending Last Bastion of Old Tech”

“Greenspan Admits Market Can’t Regulate Itself”
After years of believing the market will regulate itself, e.g. (people looking out for their own self interest acting together to maximize profits), and fighting what at times appeared to be common sense regulation, Greenspan finally admits he was wrong in 2008


Key 2

The Island

(Strangely This Was Removed???) They must have known people would archive it. Shows desperation. “A.G. Schneiderman Calls For New Efforts To Eliminate Unfair Advantages Provided By Trading Venues To High-Frequency Traders”.

Broker Sells Fake Stock, Doesn’t Go To Jail

A scheme to flood the market with counterfeit stocks helped kill Bear Stearns and Lehman Brothers, Taibbi


Max Keiser Reveals Stunning Revelation

How Underwriters and Short Sellers Manipulate Share Prices Ahead of Stock Offerings

“The Wild Ride of Tut Systems”
(October 2004) “What happened here is that there was most likely some kind of manipulation to move the stock price higher in order for Tut Systems to sell shares at an inflated price. Mere coincidence?”


False “Proxies” (It shouldn’t be called a “Proxy” anymore….. We own the shares, not them)

In the image below, you can see that even after the hedge fund asked for direct ownership, Computershare (the transfer agent) refused, which directly affected its ability to nominate new directors at a pivotal moment.


Jun 18, 2019“Legacy Reserves Inc. Files For Chapter 11 Protection To Facilitate Negotiated Financial Restructuring”

“NEW YORK, July 31, 2019 (GLOBE NEWSWIRE) — The Nasdaq Stock Market announced today that it will delist the common stock of Legacy Reserves Inc. Legacy Reserves Inc.’s stock was suspended on June 28, 2019 and has not traded on Nasdaq since that time”.

MIDLAND, Texas, Dec. 11, 2019 /PRNewswire/ — Legacy Reserves Inc. (“Legacy”) and certain of its subsidiaries (collectively, the “Company”) announced today that it has emerged from chapter 11, successfully completing its financial restructuring and implementing the Company’s confirmed plan of reorganization (the “Plan”). The Company has significantly reduced its debt through a combination of an equitization of existing debt and approximately $255 million of new equity capital. The Company emerges with $388 million of total debt outstanding, all of which is under a new reserve-based credit facility with an initial borrowing base of $460 million. This facility is led by Wells Fargo Bank, National Association as Administrative Agent, RBC Capital Markets as Syndication Agent, Joint Lead Arranger and Joint Bookrunner, along with Wells Fargo Securities, LLC, BMO Capital Markets Corp., Barclays Bank PLC, BofA Securities, Inc., JPMorgan Chase Bank, N.A., Citigroup Global Markets Inc., and Credit Agricole Corporate and Investment Bank as additional Joint Lead Arrangers and Joint Bookrunners”.

The most alarming problems are represented by those shareholders who have been requesting certs from their brokers since the company’s first announcement of a distribution seven months ago. Here is a sampling of excuses being given to shareholders as reasons for their inability to obtain a cert:



Dole Food Had Too Many Shares


The Subversion of Shareholder Democracy and the Rise of Hedge-Fund Activism, Jang-Sup Shin
“This paper explains how hedge-fund activists are exerting power over corporate resource allocation far in excess of the actual voting power of their shareholdings”

Man Claims Routine Corporate By-Law Preventing New Shareholders From Effecting Managerial Change Constitutes as “Discrimination”

Shareholders: Don’t give away your voting rights

“Less than 30% of shareholders voted their shares this year, according to voting administrator Broadridge”. Fortune, Dec.16th, 2014

Orange County Bankruptcy

Initiating analyst coverage on companies they indirectly control..”“I’ve never seen a firm that needs to raise a lot of capital acquire a brokerage for that purpose,” said Benjamin Edwards, an associate professor of securities law at the University of Nevada, Las Vegas, echoing nearly a dozen other experts in corporate finance and securities law whom Reuters interviewed for this article”.

Wall Street’s self-regulator blocks public scrutiny of firms with tainted brokers
“Last year, a FINRA official told Reuters, the regulator identified 90 firms as posing the highest risk to investors and flagged them internally for higher scrutiny. But FINRA declined to name the firms publicly or to release statistics showing the concentration of brokers with a history of FINRA flags within each firm”.(Reuters)

The American Stock Exchange: Scandal on Wall Street (1999)

Brokers Face $100 Million in Losses From MJK Failure
“Four brokerage firms may have lost more than $100 million in a stock trading scheme involving a cast of characters including a global arms dealer and a woman who claims to have been the model for Mattel Inc.’s Pocahontas doll”.

“The Commission brings this civil action against Thomas G. Brooks (“Brooks”), the former manager of the Stock Loan Department (“SL Department”) at MJK Clearing, Inc. (“MJK”) for his fraudulent conduct relating to the stock loan business of MJK and for his aiding and abetting of MJK’s violations of its customer reserve and record-keeping requirements under the federal securities laws”.

“German financial giant Deutsche Bank has agreed to a $270 million settlement of claims that it participated in a complex securities fraud orchestrated by a fugitive Saudi arms merchant that bankrupted Minneapolis-based securities firm Stockwalk Group four years ago”.

“The settlement largely ends a strange tale that began just days after U.S. securities markets resumed trading following the Sept. 11, 2001, terrorist attacks and led to the largest liquidation of a securities firm in U.S. history”.

Irate customer arrested at financially troubled Stockwalk

JB Oxford to Acquire Accounts From Struggling, W.SJ

( W.SJ) “JB Oxford Holdings Inc. said it severed a controversial consulting relationship with Irving Kott, who has a criminal record for stock fraud”.

Fund scandal clips JB Oxford
“JB Oxford is drawing attention because of itsagreement with Canary to clear the hedgefund’s paperwork on after-hours trades. JBOxford got compensation equaling 1% of assetstraded, according to Spitzer’s complaint against Canary”.

“In the mid- and late-1990s, JB Oxford was a major clearing firm that processed the brokerage trades of micro-cap stocks, the tiny, obscure companies with little market value. The stocks often were sold by “boiler-room” brokerages, also called”bucket shops,” which used high-pressure telephone sales tactics to run investment scams on unwary customers”.

“JB Oxford did fine during the dot-com boom. It posted record revenue of $104 million in 1999. It had offices in Beverly Hills, New York, Miami and Basel,Switzerland. It ran a $10 million advertising campaign with former MASH television star Wayne Rogers, who once owned 1% of JB Oxford”.

JB Oxford Holdings, Inc., National Clearing Corporation, James G. Lewis, Kraig L. Kibble, and James Y. Lin: Lit. Rel. No. 19641 / April 5, 2006

J.B. Oxford to Sell Retail Brokerage Accounts to Ameritrade.
“Regulators in the SEC’s Los Angeles office have recommended that the agency “institute civil and administrative proceedings” against J.B. Oxford, stemming from an investigation of the firm’s National Clearing Corp. subsidiary, because of its alleged role in the mutual fund scandal. The J.B. Oxford subsidiary, which processes and executes trades for a number of small brokerages and hedge funds, might have processed some illegal mutual fund trades for the now infamous”

Full text of “Irving J. Kott”

How to Steal Money From People Deciphered From an Old Bloomberg Article. Very Informative/”Helpful” Information for Would Be ….”Hedgies”


THE OCTOPUS (Search for each article within if doesn’t work)

Riggs Bank

Dimples Diapers



”  During the period from at least in or about September 1996 through October 1996, *****(name redacted) offered to pay, and orchestrated the payment of, undisclosed compensation to person(s) whom he believed to be registered representative(s) or registered principal(s), to induce such registered representatives, registered principals or persons to purchase the common stock of GRAY for the accounts of customers. For example, on or about September 26, 1996, *****, directly or indirectly, transferred or caused to be transferred, 15,000 shares of GRAY stock to a broker-dealer which was undisclosed compensation for a previous purchase of 50,000 shares of GRAY at approximately $0.375 per share by the broker-dealer. Accordingly, ***** willfully violated, and committed and caused violations of, Section 17(a) of the Securities Act and Section 10(b) of the Exchange Act and Rule 10b-5 thereunder”. Not linking to the original report. Just thought this was a good example of market manipulation

Harbor Securities


PwC investigation finds $7.4 billion accounting fraud at Steinhoff, company says

OVERVIEW OF FORENSIC INVESTIGATION Steinhoff International Holdings N.V.

Bank of America’s $292m charge said to be tied to Steinhoff turmoil

Securities and Exchange Commission v. Revelation Capital Management Ltd. et al, No. 1:2014cv00645 – Document 51 (S.D.N.Y. 2016)

US Banks Lose Over $1 Billion On Steinhoff Collapse

Insolvencies in UK building firms rise 20% after Carillion collapse

HK suspends UBS sponsor license, fines it and others $100 million for IPO failures

UBS could have curbed losses to $500 million–500-million-/678328

SEC Charges Former Chairman/CEO of Schnitzer Steel for Authorizing Cash Bribes to Foreign Officials


Trading error could cost UBS Warburg millions


SEC probes IPO of VA Linux
“GLG and Chelsey received 35,000 shares and 15,000 shares, respectively, of the VA Linux deal, a person on Wall Street says, giving them stakes that by the end of the company’s first trading day generated one-day paper gains of $7.3 million and $3.1 million, respectively, for GLG and Chelsey. It is unclear whether the funds later sold their VA Linux shares.

By comparison, some of the largest U.S. mutual-fund groups — including Alliance Capital Management and AIM Management Group, which oversee equity assets that dwarf those of GLG, the larger of the two funds — received 60,000 to 75,000 shares of the Linux deal, the same person said”.

Defendant engaged in acts and practices that created and/or maintained inappropriate influence by investment banking over research analysts,

South Florida Securities Lawyer Convicted by Jury of Conspiracy, Securities Fraud, Wire Fraud, and Money Laundering in Connection with Shell Factory Stock Swindle

A.R. Baron 

SEC Settles Fraud Charges with Bear Stearns for Late Trading and Market Timing Violations

Bear Stearns Suit by S.E.C. Said to Be Near

How the secret currency traders’ club devised the world’s biggest market’s rates

JPMorgan, NY, federal government in $13 billion settlement

Repo and The S&L Crisis

Justice Department, Federal and State Partners Secure Record $13 Billion Global Settlement with JPMorgan for Misleading Investors About Securities Containing Toxic Mortgages

IRS to help financially distressed taxpayers

Special Report: How the U.S. cracked open secret vaults at UBS

Bank of America to Pay $16.65 Billion in Historic Justice Department Settlement for Financial Fraud Leading up to and During the Financial Crisis

Countrywide Fin. Corp. Derivative Litigation


Countrywide’s Mozilo to pay $67.5 million settlement

Heidi Loeb Hegerich $TRTC lawsuit

War of Words Between Terra Tech, Investor Heidi Loeb Hegerich Heats Up


UBS Won’t Keep Gains From Mizuho’s $342 Million Error

UBS Japan mistakenly places $31 billion bond trade

Bristol-Myers Squibb Company Agrees to Pay $150 Million to Settle Fraud Charges, 2004

RBC Analyst Faces Insider Case Year After Undergrad B-School

List of corporate collapses and scandals

S.E.C. Sues Stifel Nicolaus Over Wisconsin School Investments

Securities and Exchange Commission v. Friedman, Billings, Ramsey & Co., Inc. [“FBR”], Emanuel J. Friedman and Nicholas J. Nichols,

In the Matter of Spinner Asset Management, LLC & Spinner Global Technology Fund Ltd,




Crazy Eddie’s Insane Odyssey

Digging In for Tough Times at Crazy Eddie

SEC vs UBS WARBURG LLC: Analyst Scandals

“Cases alleging one of the most pervasive Wall Street insider trading rings since the days of Ivan Boesky and Dennis Levine.

What is so alarming about the conduct alleged in the SEC’s case isn’t just the scope of the scheme – fourteen defendants, five years of illegal trading, hundreds of tips, and well over $15 million in illegal trading profits – but, sadly, who is at the center of it”.

GLG Partners hit by second fine for insider dealing

“This case involves two insider trading schemes in which Wall Street professionals serially traded on material, nonpublic information tipped — in exchange for kickbacks — by insiders at UBS Securities LLC (“UBS”) and Morgan Stanley and Co., Inc. (“Morgan Stanley”). In the first scheme, which has been ongoing since 2001, at least eight securities industry professionals, three hedge funds, two broker-dealers, and a daytrading firm, made thousands of illegal trades and millions of dollars in profits using”

“One day in 2003, Sam Childs, a compliance officer at Assent, noticed Tavdy’s unusual trading patterns: large positions on a single stock the day before it happened to be upgraded by UBS. Childs didn’t turn him in. Instead, according to an FBI recording, he merely warned Tavdy, telling him he needed to start losing a few hundred dollars so his remarkable winning streak didn’t look so suspicious. (Tavdy’s lawyer disputes this.)”

Catalyst Capital Vs The Wolfpack. Short and Distort Litigation, Arch Rivals


Securities and Exchange Commission v. Hilary L. Shane

Organized Crime on Wall Street

More on the Above (RARE — Must Watch Several Times For It To Truly Sink In)

2003 mutual fund scandal – Wikipedia

Matrix Capital Group | Rex Securities Law BLOG

Ninth Circuit Cover-Up of Court Corruption – Judicial Corruption


Dan Loeb Was Mr.Pink On Silicon Investor

More On The Above Link

Reed Slatkin

NASD Charges Peter Kellogg with Fraudulent Wash and Matched Trades

David Beckham’s former brother-in-law jailed after boiler room scam | Daily Mail Online

Fraud police smash ‘boiler room’ ring in raids in London and Spain | Daily Mail Online

Regulators are probing possible manipulation in short-sellers’ attack on Organogenesis

Silicon Investors thread gives further detail on the above story

2 Wall Street banks made millions selling the collapsing shares of MoviePass’ parent company, as their analysts kept ‘buy’ ratings on the cratering stock

The Secrets of Eddie Stern If you think you know how bad the mutual fund scandal is, you’re wrong. It’s worse. By Peter Elkind Reporter associates Christopher Tkaczyk and Doris Burke.
April 19, 2004

Elgindy Unsealed Testimony (search keyword 911)

United States of America v. Anthony Elgindy and others; Superseding Indictment

Montreal Mafia lawyer going to prison for becoming one of the gangsters he defended | National Post

A Mafia Acquittal Is the Latest L for Quebec Law Enforcement – VICE

Montreal’s underworld: Mafia, Hells Angels, street gangs worked in concert | Regina Leader-Post

CalPERS Severs Ties With Pacific Corporate Group Over Pay-to-Play | Chief Investment Officer

2 charged in alleged CalPERS ‘pay-for-play’ – SFGate

Florida Board of Health suspends hundreds of health care licenses over student loan defaults | News |

DANGEROUS DEALS: A special report.; Penny Stock Fraud Is Billion-Dollar Game

Testimony Concerning
The Involvement of Organized Crime
on Wall Street

Barry C. Honig, et al. (Release No. LR-24262; Sep. 7, 2018)

Former Wells Fargo Financial Advisor John Schmidt Charged with $1 Million Ponzi Scheme – Erez Law

Hector May Pleads Guilty to Fraud · White Securities LawWhite Securities Law | Securities Fraud Attorneys and FINRA Arbitration Lawyers

OSC staff allege Caldwell Investment broke rules, misled investigators | Financial Post

Bo Dietl On Jordan Belfort – Business Insider

D.H. Blair

THE MEDIA BUSINESS; D.H. Blair and Executives Indicted in Fraud Case

BUSINESS PEOPLE; D.H. Blair Picks Doctor As Director of Finance

BUSINESS PEOPLE; Ex-Drexel Executive Heads Blair Brokerage

Members of Blair management, together with the broker groups, took steps to increase the prices of Blair stocks in the early aftermarket for those stocks. Before the deals went effective, there were trading agreements between members of management, at times including Stahler, and the leader or leaders of the broker group for that particular deal.

Lawyers for victims of Quadriga fiasco ask to dig up dead CEO’s body

Westpark Capital, Inc. Fraud and/or Investment Loss Customer Complaint Disclosures

Hackers steal Westpark Capital files, demand ransom for data

Reverse Mergers — Pushers May Be The Problem

Greenberg: SEC Goes After Chinese Reverse Mergers

Omidyar Network

Company co-founded by Nancy Pelosi’s son charged with securities fraud

With Humor and Wisdom, Legendary Investment Guru J. Morton Davis and Accomplished Author, Ruki Renov, Collaborate On New Book, “Happiness Guaranteed or Your Misery Back”

A. S. Goldmen & Company


F.N. Wolf & Co., Inc.

Gruntal & Co

Another Colts Neck murder mystery: Who shot stock promoters nearly 20 years ago?

“***” on the Street Story – NY Post

New clues in killings of stock promoters Divorce case sheds light on’99 slayings in manse

Dizzying deals raise questions about California’s fast-growing Osicom Technologies provides further detail on the above story.

Hedge funds are posting nice returns from deals that may involve ex-cons, stock scammers. (PIPES)

This action involves fraudulent and manipulative trading in the common stock of Sedona Corporation (Sedona), a Pennsylvania software company.

Jack Abramoff Indian lobbying scandal

“enabled two financiers to run a “pump and dump” scheme while earning approximately $493,000 in commissions from facilitating these illegal penny stock sales“.

Mob Ties Seen on Wall St. – The Washington Post

Alleged mob ties of S.F. brokerage probed

SEC Testimony: Organized Crime on Wall Street (R. Walker)

NASD Regulation Bars John Fiero, Expels Fiero Brothers, Inc., and Imposes $1 Million Fine For Illegal Short Sales, Market Manipulation and Extortion |

Historic Second Circuit Decision Finds FINRA Can’t Collect Disciplinary Fines


Embattled Securities Promoter Steps Down – tribunedigital-orlandosentinel

Former Broker Charged in Fraud Against Gambinos

Jonathan Lebed’s Extracurricular Activities – The New York Times

HSBC to pay $30 million to settle bond rigging lawsuit in U.S. | Reuters

China used prisoners in lucrative internet gaming work | World news | The Guardian

Angus Energy chairman resigns over shares transfer – DRILL OR DROP?

Automated background checks are deciding who’s fit for a home – The Verge

US Bank pays $613 million over money laundering charges | Financial Post

Statement of Allegations: In the Matter of Caldwell Investment Management Ltd. – soa_20180612_caldwell.pdf

Jean-Claude Duvalier – Wikipedia

Former MUHC exec Yanaï Elbaz sentenced to 39 months in prison | Montreal Gazette

KPMG making a fortune off the backs of Canadians | West Prince Graphic |

Will TARP cost taxpayers $23.7 trillion?

Barofsky on Bailouts – Econlib

Article: BoA Dumps $75 Trillion In Derivatives On Taxpayers, Super Committee Looks Away. Seize BoA Now. | OpEdNews

TARP Top Cop Neil Barofsky on Drug Lords and Mortgage Fraud – YouTube

Neil Barofsky on UBS Criminal Charges for LIBOR and HSBC Money Laundering Wrist Slap – YouTube

UK press shows little sympathy at death of South Africa’s “Dr Beetroot”

Deposition: Sackler embraced plan to conceal OxyContin’s strength – STAT

Canadian banker cops to $90M international fraud scheme that hit NYers

Entertainment Art Inc (EERT) – research report – now Biozoom Inc (BIZM) – Promotion Stock Secrets

Losses Seen at Client Firms Of Bankrupt Adler Coleman – The New York Times

Bear Stearns trader Howie Rubin ‘raped and beat women’ | Daily Mail Online


10 Tragic Facts About the Downfall of Anne Boleyn –

Howard Rubin Complaint | Jurisdiction | Racketeer Influenced And Corrupt Organizations Act

Betting on Bear’s Bust – The Big Picture

City Money to the Mob? Manhattan D.A. Targets Giuliani’s Garbage Guy | Observer



Organized Crime Wall Street, Sep 13 2000 | Video |



The Suitcase Murder Tearing the U.S. and Japan Apart


A Troubled Chinese Company Is Seeking a Lifeline From U.S. Investors – Barron’s

GE’s Investment in Kidder Finally Pays Off – TheStreet

Stealing from the Dead – Plante Moran Accounting Malpractice Post

Medytox files US lawsuit alleging BTX theft

Cases of money laundering linked to cryptocurrency in Japan up tenfold in 2018 | The Japan Times

These Are the Banks Caught Up in the Russia Money-Laundering Scandal – Bloomberg

Browder Says Europe May Be Looking at $1 Trillion in Dirty Money – Bloomberg

The Danske Bank Scandal Is the Tip of the Iceberg – Foreign Policy

Regime Cash Machine | Global Witness

Former Texas regulator is out as CEO at biblically oriented oil firm – News – Austin American-Statesman – Austin, TX

Glencore Fights Transparency On One Continent, Pays $22m On Another

Italy probes mystery death of Berlusconi sex trial witness

Congo’s former president awarded oil block in UNESCO heritage site | Reuters

The Financial Bailout in 2008 Was a Trillion-Dollar Mess – Rolling Stone

Gregory Lemelson, Lemelson Capital Management, LLC, and The Amvona Fund (Release No. LR-24267; Sep. 13, 2018)

Short & distort? The ugly war between CEOs and activist critics | Reuters

Funds scurrying to cut off future pay-to-play action – Pensions & Investments

Securities & Exchange Commission v. Nagaicevs: ORDER GRANTING MOTION FOR DEFAULT JUDGMENT by Judge Jon S. Tigar; granting re {{26}} Motion for Default Judgment.

Settlement Reached With Five Specialist Firms for Violating Federal Securities Laws and NYSE Regulations; Firms Will Pay More Than $240 Million in Penalties and Disgorgement

American Realty Capital Properties Just One Problem for Chairman Schorsch – TheStreet

Hedge funders’ suit claims money went to porn investment, swingers’ resort – New York Daily News | SEC Charges Company Officers and Penny Stock Promoters in Kickback and Market Manipulation Schemes

Caring for Aging Parents, With an Eye on the Broker Handling Their Savings – The New York Times

Detroit SWAT team assaults African American mom who refused to medicate her daughter with antipsychotic drugs –

U.S. Suggests, Without Proof, Stock Adviser Knew of 9/11 – The New York Times

Janice Shell Ihub Civil Complaint #1 by Adam S. Tracy – issuu

Kent R.E. Whitney, David Lee Parrish, The Church for the Healthy Self a/k/a CHS Trust, and CHS Asset Management Inc. (Release No. LR-24426; Mar. 18, 2019)

The “Old Boys Network” of Virginia Doing it Again – with the collusion of Judges and Lawyers – Ensuring they DRAIN the Estate & Destroy a Family

The Opioid that Made a Fortune for Its Maker — and for Its Prescribers – The New York Times

Massive, corrupt B.C. cannabis, crypto, mining and energy shares scheme alleged by BCSC | Burnaby Now

CalPERS Cuts Ties With PCG – PE Hub

SEC Charges Against Phillip Frost Might Just Be the Tip of the Iceberg – Barron’s

IPRS Vs ***

2 charged in alleged CalPERS ‘pay-for-play’ – SFGate

B.C. man fined $4.5 million for defrauding investors | Advisor

Inside the Biggest-Ever Hedge-Fund Scandal | The New Yorker

Martoma convicted in insider trading case

Scammers Used SeekingAlpha for Bogus Stock Promotions, SEC Says – Bloomberg

Ernst & Young Reported to Police for Role in Danske Scandal – Bloomberg

GE to pay $1.5 billion U.S. fine over crisis-era subprime mortgages – Reuters

Swedbank Hit by Criminal Probe in Growing Laundering Crackdown – Bloomberg

60 doctors charged for illegally dispensing painkillers

The Dark Knight: Blood Oath Billionaire Banker – YouTube

Bernie Ecclestone – Wikipedia

Bank Leu – Wikipedia

Guinness share-trading fraud – Wikipedia

Panama scandals – Wikipedia


Scams Scum and Boiler rooms Message Board – Msg: 17990515

Illegal shortsheller JS

XYBR – Xybernaut Message Board – Msg: 18356248

Turbodyne Files Multibillion-Dollar Antitrust Action Against Honeywell

Another blow for RCMP white collar crime effort | Yorkton This Week


BBC NEWS | Programmes | Panorama | Archive | The Billion Dollar Don December 6 1999

Nasdaq gives questionable stock the boot » The Windmill news articles » goDutch

Former bank manager held for ransom by kidnappers? » The Windmill news articles » goDutch

$250K investment mystery: Accountant admits in recorded call he doesn’t know where money is | CBC News

Fiero Bros. expelled from NASD for naked short selling

The mystery of Southridge Enterprises and its ‘ghost’ executives who were supposedly murdered in Mexico | Business | Dallas News

The Scary Rise of Internet Stock Scams On the Net, no one can tell who’s a crook. Fleecing investors is easy, despite the efforts of the SEC and a new breed of online vigilantes. – October 26, 1998

Former Charity CEO Pleads Guilty To Multi-Million-Dollar Political Corruption Scheme | OPA | Department of Justice

Former Bank President Sentenced to Prison and Ordered to Pay $137 Million | Federal Deposit Insurance Corporation Office of Inspector General

Scanned Document – Milrud, Aleksandr Complaint.pdf | SEC Charges Canadian Man With Conducting Fraudulent Trading Scheme

Stock promoter pleads guilty in $30 million pump-and-dump case |

Four Canadians charged in massive $140M international penny stock fraud scheme | National Post

FBI Arrests “Mailman” for Penny Stock Scalping Scheme | PubCoCEO™

Pump and dump – Wikipedia

8 Men Sentenced To Prison For $39 Million Penny Stock Fraud | Cleveland, OH Patch

Stock Promoter Sentenced To 21 Mos; Eight Others Charged – MarketWatch

Tucsonan convicted in $95 million penny-stock scheme | News About Tucson and Southern Arizona Businesses |

Scammer Gets 18 Years for Penny-Stock Fraud Hatched From Prison – Bloomberg

Canadian involved in penny stock fraud scheme gets six-and-a-half years in U.S. prison – Reuters

B.C. penny stock promoter sentenced in New York – Economy, Law & Politics | Business in Vancouver

California man sentenced to over two years in prison for penny stock fraud – Reuters

Reverse Takeover: How Fraudulent Chinese Companies are Deceiving U.S. Investors

After China fraud boom, Nasdaq steps up scrutiny of shady listings – MarketWatch

Has Any Penny Stock Become a Big Company? – The New York Times

Who is the Canadian linked with a series of reverse-merger failures? – The Globe and Mail

LOOK OUT MSFT–HERE COMES (BB:CHPP) @ 2.00 | Stock Discussion Forums

Marquette Bank Minneapolis – Wikipedia

Salomon Smith Barney – Securities Fraud Case – Impact Law

Salomon to Pay Phony-Bid Fine Of $290 Million – The New York Times

Analyst scandal costs Wall St $1.4bn | Business | The Guardian


Spoofers Tricked High-Speed Traders by Hitting Keys Fast – Bloomberg

The Six Greatest Penny Stock Scams of All Time

Mark Nordlicht, Uri Landesman, Platinum employee emails to flee US – Business Insider

Massive Italian anti-mafia operation results in scores of arrests | News | DW | 14.11.2018

A crackdown in Amsterdam | Maclean’s | JANUARY 28, 1985

When Romney sought (and received) a bailout

When Mitt Romney Came to Town – YouTube

Raj Rajaratnam – Wikipedia

Big banks in $1.865 billion swaps price-fixing settlement – Reuters

Ardent Productions – an industry laughing stock | Media | The Guardian

Controversial drug CEO was accused of serious ‘harassment’

Martin Shkreli to speak at Harvard about healthcare | Daily Mail Online

Donald Trump trashes Martin Shkreli – Business Insider

‘Bro, I’m Going Rogue’: The Wall Street Informant Who Double-Crossed the FBI – Bloomberg


A Last Vanishing Act for Robert Vesco, Fugitive – The New York Times

Robert Vesco – Wikipedia

Exclusive: American Realty Capital facing criminal probe over accounting – sources

Offshore leaks: Tax avoidance bigger than U.S. economy | Financial Post

Canada: sucker nation for tax cheats | Financial Post

Facebook admits it could owe $5bn if IRS proves they have been avoiding taxes | Daily Mail Online

Amazon UK pays $3.7 million tax on $6.5 billion sales – Reuters

Facebook leaks reveal unethical global lobbying strategies

10 Notorious Tax Cheats: Queen Of Mean Leona Helmsley Proved Little People Can Put You In Jail

Financial Secrecy Index

How Cheney’s firm routed $132m to Nigeria via Tottenham lawyer | The Independent

Second British man sentenced over Nigerian government bribes | World news | The Guardian


Court condemns Blair for halting Saudi arms inquiry | The Independent

Rabobank NA Sentenced for Conspiring to Impair, Impede, and Obstruct Its Primary Regulator | OPA | Department of Justice

Rabobank agrees to pay $368 million over processing illicit funds – Reuters

GlaxoSmithKline fined $490m by China for bribery – BBC News

Exclusive: Allegations of GSK corruption spread to Syria – Reuters

GlaxoSmithKline Agrees to Pay $3 Billion in Fraud Settlement – The New York Times

J.&J. to Pay $2.2 Billion in Risperdal Settlement – The New York Times

UK firm tried HIV drug on orphans | World news | The Guardian

Glaxo faces drug fraud lawsuit | Business | The Guardian

Global Analyst Research Settlements – Wikipedia

Chinese bank chairman pleads guilty to bribes – The Globe and Mail

Final Synthes ex-exec gets prison time for illegal human trials

Legal troubles for local billionaire

Scaife demands documents from Post-Gazette

The assassination of a Panama Papers journalist in Malta – Business Insider

Journalist Pelin Ünker sentenced to jail in Turkey over Paradise Papers investigation | News | The Guardian

Bárcenas affair – Wikipedia

Daphne Caruana Galizia: The fight for justice for murdered Maltese journalist Daphne Caruana Galizia | In English | EL PAÍS

Scaife children seek details on drained trust | Pittsburgh Post-Gazette

Howard Rich’s Dot-Com Deal – Center for Public Integrity

States sue to learn why Trump changed IRS donor-reporting rules | Accounting Today

WhatsApp Bans 100,000 Accounts Before Brazilian Election, Which Is Still a Real Mess

Dennis Levine – Wikipedia

By Michael Dorausch from Venice, USA – Camryn Grace – 2013 AVN AwardsUploaded by tm, CC BY-SA 2.0,

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