Do Reporters Frontrun for Hedgies????

Up $14. Where's the love. I give you entertainment, winners, WTF????

This is very interesting, and it has been tried, without success through the years. By spinning off a dividend, or "B" share, We always thought we could smoke out the naked shorts. Of course, they always got around it by buying everyone off. But this happened as a matter of fact. Anyone short, or naked short, has to cough up 8 bucks per. And the list is, shall we say, the creme de la creme of the pond scum.

Great theater.

You gifted geniuses HF'rs following the thread, and I've been told you read it, go here for the latest train schedule:

Http://www.Amtrak.com
 
By David Scheer and Jesse Westbrook

Jan. 7 (Bloomberg) -- The U.S. Securities and Exchange Commission opened a new investigation into whether Pequot Capital Management Inc., the hedge fund run by Arthur Samberg, illegally profited from inside information on Microsoft Corp. in 2001, two people familiar with the matter said.

Investigators learned of documents that show former Microsoft employee David Zilkha may have obtained confidential information about the software maker, said one of the people, declining to be identified because the investigation isn’t public. Zilkha left the company in 2001 to join Pequot.
 
Quote from stock777:

By David Scheer and Jesse Westbrook

Jan. 7 (Bloomberg) -- The U.S. Securities and Exchange Commission opened a new investigation into whether Pequot Capital Management Inc., the hedge fund run by Arthur Samberg, illegally profited from inside information on Microsoft Corp. in 2001, two people familiar with the matter said.

Investigators learned of documents that show former Microsoft employee David Zilkha may have obtained confidential information about the software maker, said one of the people, declining to be identified because the investigation isn’t public. Zilkha left the company in 2001 to join Pequot.
More...

Damn, 7. Beat me to it. This is absolutely huge news. It (allegedly) exonerates Aguirre, (allegedly)damns Pequot, and should (allegedly)implicate Mack. The Aguirre testimony to the Senate Judiciary is compelling stuff, (allegedly).
 
"The documents were discovered by Zilkha’s ex-wife, who copied the hard drive of their shared computer as part of the divorce, her attorney, Mark Sherman, said in an interview. It couldn’t be determined whether investigators have verified the records, or whether the documents played a role in reopening the inquiry."

Just goes to show that if your a thief and a creep, however clever you may think you are, your ex-wife might find a creative way to get her just desserts.

It's about time.
 
Quote from IcarusByNight:

"The documents were discovered by Zilkha’s ex-wife, who copied the hard drive of their shared computer as part of the divorce, her attorney, Mark Sherman, said in an interview. It couldn’t be determined whether investigators have verified the records, or whether the documents played a role in reopening the inquiry."

Just goes to show that if your a thief and a creep, however clever you may think you are, your ex-wife might find a creative way to get her just desserts.

It's about time.
More...

Samberg's next wife may have a five o'clock shadow, and wear orange.
 
Here's an interesting tidbit. Each article has a piece of the puzzle. Aguirre is an accomplished, honest man who went back to school in his 60 's to add a securities designation to his law degree. I did not know of this letter until tonight.

Aguirre, the former S.E.C. lawyer, went further than Specter. In a January 2, 2009 letter to Cox, he called for opening a criminal investigationinto "possible witness tampering, bribery, obstruction of justice" and conspiracy.

http://www.portfolio.com/news-markets/top-5/2009/01/07/Pequot-Investigation-Reopened#page2

Now, I'm not a lawyer, but I did sleep under a dumpster one night, but this sure seems like RICO to me. Let's see, that would be damages, disgorgement, and um, jail. Yeah, I think you go to jail.

A lot more steppin' in front of trains before this is over.
 
On Tuesday, Prem pays 8 bucks a share to holders of record 1/20. If you're short/naked short, you're going to have a tough day.
 
Months later, my desk was buried under evidence of short seller miscreancy, I had done nothing but investigate this story since the day I first called Patrick, and I had just gone to a topless club to meet a self-professed mobster who told me all about a stockbroker who had peddled phantom shares for the Russian Mafia and the Genovese organized crime family.

The stockbroker had taken a bullet to the head – execution-style. And the mobster said he knew who did it.

http://www.deepcapture.com/strange-occurrences-and-a-story-about-naked-short-selling/
 
You must log in or register to reply here.
Back
Top