By: chrisl_won
23 May 2009, 09:32 AM EDT
Rating: post rating 5 Msg. 835813 of 835813
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This is what will happen next:
With the recent events of a group of people being arrested for pumping/dumping stocks expect many more to be named.
I have read where people are saying how come they can nail these guys but not Urban. Well if anyone understands how they find crooks they have to start with the low man on the totem pole. These guys will be turning on the next guy above them and below them. These guys will be naming the companies and the insiders of those companies that gave them shares to pump and dump. These guys will be naming the brokers that they were able to facilitate their illegal activity to the unsuspecting investor.
These guys will also be naming other people that helped them thru various chat boards. Go back 4-5 years with regards to CMKM will they be naming some people that were on ProBoards66, Ragingbull certain Yahoo chatrooms?
Hmmmmmmm. Who are some of the biggest pumpers of CMKM back in those days and where are they today?
So for all you knuckleheads one more time this is how it works.
You start with the crackhead, the crackhead leads you to his supplier, the supplier leads you to his source, the source leads you to his source and eventually you get to the top.
These guys are the crackheads.
ragingbull.quote.com/mboard/boards.cgi?board=CMKI&read=835813 No the CRACKHEADS are all BASHERS at IHUB IMO...they PUMPED in order to SELL NSS IMO...and THEN reverted to BASHERS in order to drive the company out of buisness so they could pocket the proceeds from the illegal NSS...IMO...one poster that fits the bill is NUFFY who supposedly got FREE SHARES and PUMPED for a while...THEN became a serious BASHER as she is to this day...IMO...Janice is the BOSS at IHUB..AND has a history of STOCK MANIPULATION such as the old APRIL FOOLS "prank"...
Re: NY Times Article Stunning Display Of Economic Ignorance By janice on 9/22/2006 7:48 PM
Janice Shell was an Elgindy wannabe. Anyone following naked shorting would be well served to research "Anthony Pacific" AKA elgindy's stock thread.
I'm told that for the $6 billion lost in public, there are another 100 offshore hedge funds that are in trouble.
I'm told that hedge funds as a concept are in trouble as the elite aren't going to want to spend money to lose money.
WE HAVE POWER - the biggest thing you can do is get press on a local level.
Re: This works 100% of the time, but if not... By Dr. T. on 9/22/2006 8:25 PM
Dear certs: that is a well thought out response to stock-delivery failures. However, I'm not sure that the police department is the right place for step 2; I think the Department of Corporations or the State Securities Administrator (usually under the Secretary of State) would be more appropriate.
Re: NY Times Article Stunning Display Of Economic Ignorance By bobo on 9/22/2006 9:06 PM
janice. You are correct. Hence Patrick's appearance on Phoenix radio becomes the model. Local action for a national crisis. It's your money. Fight to keep it.
Re: NY Times Article Stunning Display Of Economic Ignorance By searrows on 9/23/2006 1:58 AM
This is Government Sponsored Counterfeiting...How would the SEC and Compliant Politicians like it if they were paid off in counterfeit dollars. I saw where Richard Shelby isn't getting his cut from child pornographers. I guess he has to go after somebody that is scuzzier than he is. He has worn the colors of both our political parties proudly it tells you something about that them. I suppose when he is exposed he will flee to the seminary....I am really beginning to wonder if this will ever get resolved. What is it going to take? How asleep has America become? How come I still see Herb Greenberg & Jim Cramer smiling on TV almost everyday talking about their 4th.amendment right to steal from us. Maybe our national enemies need to find out about this, or are they already feeding at the trough. What a National Tragedy. Would the administration defend this flank should the enemy support their efforts against us by stealimg from us. No. they don't have the courage.
Re: NY Times Article Stunning Display Of Economic Ignorance By Weekend Reading on 9/23/2006 2:23 AM
HEDGE FUNDS
The Matrix
Hedge fund managers cross paths in a web of overlapping networks. Here's where the elite meet.
FORTUNE
Monday, March 17, 2003
By Andy Serwer
tinyurl.com/zc6jwHEDGE FUNDS
Wall Street's Secret Power Elite: Where the Money's Really Made
Hedge funds are raking in hundreds of billions while you're losing your shirt. Is this the next bubble?
FORTUNE Part 2
Monday, March 17, 2003
By Andy Serwer
tinyurl.com/jqk9dHEDGE FUNDS
Wall Street's Secret Power Elite: Where the Money's Really Made
Hedge funds are raking in hundreds of billions while you're losing your shirt. Is this the next bubble?
FORTUNE
Monday, March 17, 2003
By Andy Serwer
tinyurl.com/ewvkmen.wikipedia.org/wiki/Steven_A._CohenAfter Wharton, Cohen got a Wall Street job as a junior trader in the options arbitrage department at Gruntal & Co. in 1978. On his first day on the job, he made an $8,000 profit, and eventually was making around $100,000 a day for the company. Cohen was running his own trading group at Gruntal by 1984, and continued running it until he started his own company, SAC
GRUNTAL
The Shabby Side of the Street
The collapse of a 122-year-old brokerage firm opens a window on Wall Street's unseemly ways.
tinyurl.com/puugzRe: NY Times Article Stunning Display Of Economic Ignorance By Weekend Reading on 9/23/2006 2:51 AM
Don't miss this one
2/24/02
WALL STREET TREACHERY
Part One: Leading The Lambs To The Slaughter
By David Podvin
tinyurl.com/pw4usRe: NY Times Article Stunning Display Of Economic Ignorance By Ranger on 9/23/2006 6:03 AM
As this continues to play out the more it becomes clear. The folks in charge of the rules are intent on allowing stocks to become undervalued or depressed at any cost. They are not however interested in seeing any stocks anywhere getting overvalued. It would be follish to try and buy into any stocks that are going up in value. I have seen it over and over again. Look at the small cap universe of stocks. Almost every one of them is down 50% from 2005. This is because it has become easy and predictable to take money from stocks that can be controlled by large pools of money. The fairness of the markets has been eliminated and preference to the downside has been built into the rules. This is jus they way it is and I see no evidence from the folks in charge that they intend to change this. Mutual funds that invest the majority of the working class's money is hampered by only being able to buy stock and pay fee's. The ulta rich hedge funds have the ability to systimaticcaly take the working class retirement funds from the mutual funds and the rules were written and are being enforced to allow it. Why fight the trend when it is so obvious this is going to continue. People put money in the markets as an investment it try and increase thier wealth and secure thier retirement. The hedge funds and a few traders are in the markets to take retirement money from those that worked for it. I gave up a few months ago trying to invest in the markets. I know follow the pack of hedge funds around and short stocks with them as they steal everybody's money. Until the rules are changes to make the playing field level the only way to increase your wealth in the markets is to follow the hedge funds around and make the same bet. They can and do take 50% or more off the share price of a stock at will. Fundamentals, research, logic, and earnings do not matter. It is all about who every has the most money and how fast can they destroy a stock to make money period. BIG MONEY IS IN COMPLETE CONTROL of the direction of any stock period. Why fight them buy buying and holding stock you will only lose if they decide to destroy the stock period.
Re: NY Times Article Stunning Display Of Economic Ignorance By Granny on 9/23/2006 6:16 AM
Amen!
Re: NY Times Article Stunning Display Of Economic Ignorance By trapdoor on 9/23/2006 6:21 AM
300 million of us would kick the asses of the 10,000 scumbags that are stealing from us.
The SEC, DTCC and Shelby's of the world have the ILLUSION of power, but it is only an illusion.
They are the men behind the curtain in the Wizard of Oz.
We have always had the power and if we choose to exercise it, they will be quivering over the trap door.
Re: NY Times Article Stunning Display Of Economic Ignorance By gregcable2002 on 9/23/2006 6:28 AM
I'm sure everyone knows about thie already,just a reminder.
STP Advisory Services, LLC
2118 Wilshire Blvd. #596, Santa Monica, CA 90403
*FOR IMMEDIATE RELEASE*
ARE INVESTORS PAYING FOR STOCKS THEY DON’T RECEIVE?
Attend An Eye-Opening Event In Los Angeles on October 19, 2006: NAKED, SHORT AND GREEDY: Is Wall Street Abusing Short Sales?
Los Angeles, CA
What damage is done to investors when the system routinely
tolerates stock-delivery failures? Should more be done to stop short-selling abuses?
Two class action lawsuits were filed in April 2006 in Manhattan federal court, byan electronic trading exchange and by a hedge fund, against eleven large primebrokers. The plaintiffs allege the defendants conspired since 2000 to transactshort sales without delivering shares to buyers. If true, American investors who
paid for tens of millions of corporate shares actually hold nothing but electronic entries.
In 2004, after years of complaints that naked short sales, i.e., short sales that fail to deliver the shares sold, were systematically attacking and destroying share prices, the Securities & Exchange Commission (SEC) adopted Regulation SHO. But Regulation SHO did not enforce strict requirements to deliver shares in a timely manner. It allowed existing failures to remain undelivered, tacitly permitting lax treatment of stock-delivery failures by brokerages, stock exchanges and
clearing organizations.
Important Questions Will be Discussed
Has the SECs lax enforcement of clearing and settlement procedures created systemic risk in the United States capital markets? Does the failure to provide final delivery for stock trades undercut the rigor of investment analysis and victimize portfolio management? Are billions of dollars in investment value being drained from ordinary investors in the stock market? Does the solution lie in requiring daily reporting on stock-delivery failures and tighter stock borrow requirements? Are pension funds and individual investors already
exposed to enormous losses? These questions and related issues will be discussed by three highly qualified speakers
at this enlightening event.
The Panelists
Dr. Patrick Byrne, CEO of NASDAQ-traded Overstock.com, will discuss the effects on a company of high volume trading in shares apparently exceeding the number issued and outstanding, and the unwillingness of Depository Trust & Clearing Corporation to disclose data on stock-delivery failures.
Arne Alsin, portfolio manager and financial writer, will share his insights, reflecting upon how naked short sales generate phantom shares, and how this changes the risks and valuations portfolio managers and analysts must consider.
Dr. Susanne Trimbath, a research economist with operations management experience in financial services, will explain how abusive trading practices can exploit loopholes in
the stock settlement system, allowing buyers funds to be cleared for transfer to sellers without actual delivery of shares.
The Panel will be moderated by Wayne Jett, Managing Principal and Chief Economist, Classical Capital LLC, a registered investment advisory firm.
"The stock market doesn't actually trade shares. For efficiency sake, what trades are claims on shares which are held by trusted third parties including the DTCC, various foreign depositories, clearing brokerages and your own introducing brokerage.
Unfortunately, some of these third parties have allowed counterfeit claims to trade along side claims backed up by real shares as there is NO regulatory oversight of the clearing industry and they are extremely powerful politically. An unimaginably large amount of money, trillions of dollars, has been stolen by people who have taken advantage of this vacuum in regulation. This pot of money has coopted regulators, politicians and the mainstream media.
The trillions the counterfeiters are making has likely come from your wallet. Even if you don't invest in the stock market, you are likely a victim. The company you work for or their customers could be starved for cash, directly impacting your pay check. Your retirement savings and mutual funds could also be affected. This is one of the reasons we all have two wage earners per household and still need to use the cash advance on the credit card to buy groceries."
www.thesanitycheck.com/Default.aspx?tabid=56&EntryID=460o: Jeffrey S. Mitchell who wrote (24647) 2/9/2000 12:40:00 AM
From: Jeffrey S. Mitchell Read Replies (3) | Respond to of 26099
COMPLAINT
V.
INTRODUCTION
Beginning on or about August 20, 1998 and continuing through to the present, Defendants Janice Shell, Dean Dumont, D. Tod Pauly, Jeffrey Mitchell, Cynthia DeMonte, DeMonte & Associates, a New York corporation, Silicon Investor, a Delaware corporation, Raging Bull, a Delaware corporation, John Doe No. 1 a/k/a/ Carl W DOES I through CXIII, and BLACK CORPORATIONS I through X, Inclusive, intentionally and maliciously published and republished, to third parties, a variety of unprivileged and unprotected false and defamatory statements concerning AMAZON NATURAL TREASURES, INC. (herein after referred to as "AMAZON") in a nationwide "CYBERSMEAR" campaign on electronic bulletin boards maintained by Raging Bull, Inc. ("Raging Bull"), Silicon Investor, Inc. ("Silicon Investor") and an Internet Web Site called Magneticdiary. These defamatory statements explicitly states and/or have the general import, effect, and meaning that Amazon was engaging in illegitimate, illegal, dishonest, fraudulent, and criminal business operations, when, in truth and fact the Defendants knew, should have known, and/or had reckless disregard for the truth or falsity thereof, that such statements were false and libelous per se. Such defamatory publications include statements that are libelous per se, such as Amazon is being run by "criminals", the Company is operating a "scam". Such statements were not merely expressions of the authors? opinions, but rather were expressed as statements of fact.
VI.
Defendants published and republished thousands of postings, many of which are false and defamatory, on the Internet to injure Amazon, discredit the business methods of Amazon, destroy the business reputation and goodwill of Amazon, negatively affect public confidence in Amazon, deter third persons, including customers, shareholders, and others, from dealing with Amazon and/or to unlawfully drive the price of Amazon?s common stock into a downward spiral to enable the Defendants and those acting in concert with or under the direction of one or more of them, to illegally profit by "short" selling Amazon common stock. Plaintiff Amazon wishes to enter into evidence the entire thread of Silicon Investor and Raging Bull Website, because they contain thousands of defamatory and libelous postings against Amazon, too numerous to reproduce for the Court, herein. Therefore, Plaintiff refers to Silicon Investor's entire website thread as Composite Exhibit 1, and incorporates specifically herein by reference. Plaintiff reference to Raging Bull's entire website thread as Composite Exhibit 2, and incorporates specifically herein by reference
VII.
Upon information and belief, some or all of the Defendants are being paid by short sellers, in cash or securities, to post false and defamatory messages on the Internet about Amazon and receive bonuses for driving down the price of the Company?s common stock. Upon information and belief, the Defendants operate their "cybersmear" campaign systematically on a selected target company, in this case Amazon, until a desired target price is reached, and then they move on like a "wolf pack" to the next victim.
VIII.
It is unlawful to "short sell" shares of OTC Bulletin Board stock such as Amazon?s AZNT, in violation of Rule 3b and 10a of the Securities Exchange Act of 1934 (17CFR 240.3b and 17CFR 240.10a).
IX.
That Plaintiff is informed and believes and thereon alleges that Defendants, each and all of them, have aided and abetted, and lent active assistance to stock brokerage houses, their officers, agents and representatives to violate Rule 10a of the Securities Exchange Act of 1934 by "short selling" Amazon?s stock. The defamatory and libelous acts of Defendants, each and all of them, have aided and abetted the "pump and dump" aspect of such short selling. "Pump and dump" refers to an unlawful short selling tactic of driving stock prices down to facilitate buying shares at very low prices, then allowing the market forces to raise prices so that the shorters can sell the stock for high prices or selling shares they do not own driving the price down and purchasing shares at a low price to take the place of those shares sold at a higher price. When the first short sellers and other fraudulent parties succeed in making their profits, their next step is to attempt to destroy the market for that stock, and to create a "terminal short" by driving the company out of business. In this way, the adverse parties hope to evade liability for their unlawful acts.
X.
Defendants, each and all of them, have conspired and work in active concert with the aforementioned "short-sellers" and brokers, against Amazon and Amazon stock. These "short-sellers", brokerage firms, and their agents are included among Defendants, above-named, under the title of DOES I through CXIII inclusive, and BLACK CORPORATIONS I through XX, inclusive. When the true names and identities of these Defendants are discovered, Plaintiff will seek leave of this Court to amend this Complaint to include their true names and identities.
XI.
Defendants, each and all of them, have aided and abetted the unlawful attempts of the afore-referenced brokerage firms and their agents, in the manipulation of the market in a security. This, Defendants did by publishing defamatory and libelous statements to unprivileged third parties, including the general public, against Amazon stock, and against the company. Defendants, each and all of them, also committed other acts of commission and omission which were designed to destroy the market and its natural flow of free-market forces, with respect to Amazon stock. When the full character and details concerning these unlawful acts of Defendants become known and discovered, Plaintiff will ask leave of this Court to amend this Complaint and/or to otherwise inform the Court of such acts, according to proper procedure.
XII.
The aforementioned acts of Defendants, each and all of them, were designed and perpetrated individually, and in concert each with the others, for the purpose of unjustly enriching Defendants or their agents and/or associates, and to destroy and manipulate the market in Amazon?s stock, in violation of 15 U.S.C. 78(o).
XIII.
Further yet, the aforementioned acts of Defendants, each and all of them, were designed and perpetrated individually, and in concert each with the others, for the purpose of facilitating, aiding, and abetting, by means of interstate commerce and the mails, misrepresentations and other illegalities in connection with a broker?s role in the purchase or sale of securities, in violation of the anti-fraud provisions of the Securities Exchange Act of 1934 (17 CFR240.10b-3).
XIV.
Indeed, some or all of the Defendants have participated in defaming others on the Internet in the same manner as
siliconinvestor.advfn.com/readreplies.aspx?subjectid=15664&nonstock=False&msgid=12816057...Flying Moose(cmkxunofficial)
