Comment on this article |
Email this article |
News :: Politics
Utah Senator Bob Bennett,Overtock.con's Patrick Byrne,Tangled Up in Striptease Stock Scam
by Tony Ryals
27 Feb 2006
Below are posts from the Yahoo OSTK message board of Patrick Byrne's Overstock.com who has been at the forefront of the fraudulent claim that his generally failing company and stock price is being 'naked shorted' by,I kid you not,a Sith Lord ! And because he and his daddy, billionaire Geico insurance man Jack Byrne,spent over $1,000,000 of their own,or defrauded investors' money,in anti-John Edwards and Kerry political campaign,he bought,or bribed in my opinion,much good will from corrupt politicians such as Utah Senator Bob Bennett who also made the fraudulent claim that another Nevada penny stock,Global Links,that has a Mormon CEO connection I believe,was also 'naked shorted' !
Steve Wark,Clark County Republican,Cheetah Club aiding 'naked short' stock fraud ?
Interesting that the http://www.ncans.net 'naked short' penny stock mafia chose a strip joint or lap dance club in Las Vegas as its only address and now we find Steve Wark ex-Clark County Republican commissioner is connected to the fraud whose only known address is the Cheetah Club of Las Vegas,the only strip or lap dance club to my knowledge ever investigated, for whatever reason, under the Patriot Act.
And one of the sleezy candidates Steve Wark touted like the cheap and worthless Nevada penny stock pump and dump scams he is now helping to fraudulently promote as victims of 'naked shorting also has a Cheetah Club connection.Lance Malone the defrocked Church of The Latter Day Saints or Momon Church member who was ex-communicated for sleeping out of wedlock and thus creating a scandal that must have sent their Angel Moroni rolling in his grave was also himself a lobbyist for the Cheetah Club ! Small world.
Below is a quote from a previous indymedia article documenting the Cheetah Club address as also being the NCANS or National Coaltion Against Naked Short Selling address with corresponding link to complete indymedia article.
Note 'Bob O'Brien',who refuses to identify himself, has threatened both Marc Cohodes a hedge fund manager and myself a defrauded investor in his scam on Yahoo.com NFI and OSTK message boards.
The fact that Patrick Byrne and the anonymous 'Bob O'Brien' placed a $100,000 ad in the Washington Post on February 8,2005 at their own expense(fraudulently claiming the money came from donations from 'mom and pop investors' who lost money because of 'naked short selling'),when they first began promoting their fraudulent website,ncans.net,and no one in the W Bush administration even blinked an eye although the letter-ad was addressed to Bush himself by an anonymous person with a website,at first in the British Virgen Islands before internet posters pointed out the hypocricy of an offshore locale and the NCANS WEBSITE WAS CONSECUENTLY CHANGED TO A SAN DIEGO SERVER,tells much about these con artists' Beltway connections. :
James J. Angel,Georgetown University,lap dancers and cyber fraud mafia
by Tony Ryals Saturday, Nov. 12, 2005 at 2:10 AM
endoscam (at) lycos.com
A: ''Someone complained to the registrar that I had used false information to register the first domain. Did you? A: Sure. I didn’t realize that anyone cared or that it violated any rule. I listed the Cheetah Club in Vegas, a strip club – internet servers, “topless servers” – get it? A joke.'' - from WSJ interview of 'Bob O'Brien' who some suspect is the Beltway's James Dale Davidson of the National Taxpayers Union of Alexandria, Virginia and propagator of the smear rumor,'Bill Clinton killed Vince Foster'
Knappster: Can Lance Malone be convicted?
The G-Sting of defeat
Utah Senator Bob Bennett,Overtock.con's Patrick Byrne,Tangled Up in Striptease Stock Scam
Below are posts from the Yahoo OSTK message board of Patrick Byrne's Overstock.com who has been at the forefront of the fraudulent claim that his generally failing company and stock price is being 'naked shorted' by,I kid you not,a Sith Lord !
And because he and his daddy, billionaire Geico insurance man Jack Byrne,spent over $1,000,000 of their own,or defrauded investors' money,in anti-John Edwards and Kerry political campaign, he bought,or bribed in my opinion,much good will from corrupt politicians such as Utah Senator Bob Bennett who also made the fraudulent claim that another Nevada penny stock,Global Links, that has a Mormon CEO connection I believe,was also 'naked shorted' !
This caused Global Links to to be fraudulently promoted by penny stock con artists connected to ncans.net and increased the share price so insiders to the fraud could dump their worthless shares on defrauded investors.Since then silence from the corrupt or senile Senator Bennett and no apology to defrauded investors for aiding and abeting an illegal pump and dump scam.
OK before I got distracted with Global Links I mentioned the posts on Yahoo's OSTK message board from an anonymous poster that led me to the Cheetah Club-NCANS-Steve Wark connection.Here are those posts from anonymous but well informed poster ' strethoechasity'.If you do a google search of 'steve wark malone' or steve wark cheetah' you will find related articles to back up these message board posts.The last post on this thread,by the way, in reply to 'strethoechasity' who uses the alias 'easter_bunny_d3', is 'Bob O'Brien' himself who I believe the ex- Nevada Republican Clark County commissioner could identify for those of us who have been defrauded in the scam.Mr.Steve Wark should perhaps join his pal Lance Malone on the convicted felons list if he can find nothing else to occupy himself than promoting a 'naked shorting' penny stock scam whose only known address is the Cheetah Club in Las Vegas ! :
STEVE WARK IS THE NAKED SHORTING SPOKES
by: strethoechasity (24/F/las vegas) 02/18/06 05:16 pm
Msg: 67497 of 67574
STEVE WARK IS THE NAKED SHORTING SPOKESMAN FOR WORKING AMERICANS
SURVEY LOL. HE WAS IN ESSARYS PRESS RELEASE TODAY. SEEMS HE TOO HAS CHEETA'S STRIP CLUB CONNECTIONS. LANCE MALONE IS NOW A CONVICTED FELON BTW
Strip club lobbyist has led tangled life
Ex-motorcycle cop lost credibility as politician
By Philip J. LaVelle
UNION-TRIBUNE STAFF WRITER
July 13, 2003
Malone's flip-flop on the Stations Casinos project prompted Nevada political strategist Steve Wark, working as Malone's image consultant for several months on the runup to his re-election bid, to quit.
Last week Wark said his job was to rehabilitate Malone's "public persona and his personal relationships."
"People teased me about being his therapist," Wark said, "but we spent a lot of time dealing with (issues of) how do you become a better person? How do you establish your credibility? Your word being
your bond – things like that.
"There was a nice stretch of time – probably for a good seven or eight months – where people could count on his word."
Wark called the Stations affair "the final straw" – for him and for voters.
Malone turned to lobbying. Despite his Mormon upbringing and reputation as a socially conservative Republican, he took on Galardi as a client. As an office holder, Malone had been publicly critical
of the adult-entertainment industry.
He bought a $395,000 home in the city's northwestern suburbs, and a Subway franchise at The Orleans, a hotel-casino he had regulated as a
An early assignment, meeting with Las Vegas Mayor Oscar Goodman in a bid to close a legal dispute between Cheetahs and the city, appeared
to go clumsily.
"For the first 45 minutes, I wasn't sure what was happening," Goodman said in a 2001 interview. "I thought he was asking for a job."
He had even greater access to San Diego politicians. Inzunza's city calendars show he scheduled eight meetings or contacts with Malone between June 2001 and May 1, 2003.
"It's amazing that he had this many meetings," said lobbyist John Dadian. "That seems like a high number of meetings for an issue that wasn't even docketed."
Lobbyist Mike McDade agreed. "It's certainly a significant level of contact," he said.
Malone attorney Dominic Gentile says his client did nothing illegal.
"I'm sure the government's going to have to justify their expenditures – that means they're going to indict somebody – but I don't think it's going to be Lance Malone," he said. "Pretty clearly
he worked for Michael Galardi . . . but what he lobbied for never occurred. He was obviously very ineffective."
Philip J. LaVelle: phil.lavelle (at) uniontrib.com
Re: STEVE WARK IS THE NAKED SHORTING SPO
by: strethoechasity (24/F/las vegas) 02/18/06 05:18 pm
Msg: 67499 of 67574
He signed as a client Michael Galardi, a Las Vegas topless-club mogul, and it's been downhill from there, despite the appearance of a
Before the FBI case broke into the public realm, Malone enjoyed relatively high levels of access to one San Diego politician – Councilman Ralph Inzunza, whom he had eight contacts with over two
years – as well as meetings with several others.
In mid-May, FBI agents raided the City Hall offices of Inzunza, who is the city's deputy mayor, and Councilmen Michael Zucchet and Charles Lewis, as well as Galardi's Cheetahs in San Diego and
Cheetahs and Jaguars in Las Vegas.
Federal grand juries in San Diego and Las Vegas began taking testimony after the raids.
Investigators reportedly are trying to determine whether politicians took bribes in exchange for changing San Diego's adult-entertainment
The laws were not changed, but in a recent interview Councilman Brian Maienschein said he and an aide were asked several times by Inzunza, and by aides to Inzunza, Lewis and Zucchet, to place
adult-entertainment issues on the agenda of the council's Public Services and Neighborhood Safety Committee.
Maienschein, who heads the committee, says he refused.
Malone also has met twice with then-Councilman George Stevens during Stevens' failed 2002 bid for the Democratic nomination in a state
All of these San Diego politicians knew at least that Malone was peddling campaign cash from the topless industry. But they probably did not know that Malone's past included a road littered with the
wreckage of a political career.
Posted as a reply to: Msg 67497 by strethoechasity
Re: STEVE WARK IS THE NAKED SHORTING SPO
by: easter_bunny_d3 (100/Candyland) 02/18/06 05:43 pm Msg: 67505 of 67574
Am I now Michale Galardi too?
You guys really need to work on the act. Take some time, go over the tunes, try to remember the lines.
Even amateur night has some quality guidelines.
Do try to improve.
Posted as a reply to: Msg 67499 by strethoechasity
While visiting the fraudulent http://www.ncans.net site that the Nevada Repugnicon Party's Steve Wark has become involved with might be worth a laugh, you might try this link to Gary Weiss's blogspot:
Weiss is a former 'Business Week' reporter and the author of 'The Mafia on Wall Street'.He has been one of the few to go head to head with the criminals besides Carol Remond and Herb Greenberg, WSJ reporters who recently found themselves facing subpeonas from the San Francisco office of the federal Securities Exchange Commission !!
So is the SEC a bunch of 'Keystone Cops' as Gary Weiss likes to believe or is there something even more sinister here ? Is the San Francisco and thus the Washington,D.C. office of the SEC involved in a cover up for politically connected Beltway and Nevada penny stock criminals ? The San Francisco office of the SEC has jurisdiction over Nevada,home of most penny stock frauds that their Secretary of State and the Nevada Attorney General do nothing about and may well aid and abet for all I know.
Worse yet my investigations into the scam that got me,called Endovasc of Montgomery,Texas, and incorporated in the penny stock capital of the world Nevada,has been involved with a boiler room in Kuala Lumpur that also has an office in Dubai ! And it appears they have used unaudited and unreported millions of Endovasc shares not only in illegal pump and dump but also money laundering !
Further there is reason to believe the CIA is involved or at most both the CIA and the SEC KNOW BUT DO NOTHING ABOUT IT ! And belladorgroup.com has also promoted and recommended a non penny stock that trades on the NYSE called SRA International to their suspect clients in Kuala Lumpur,Dubai,etc. !And SRA International is the 'IT' or 'internet technology' company that the NSA may employ for internet spying whose search engine NetOwl scans the internet ! They also created the Mantas AML or anti-money laundering software that didn't work as James Dale Davidson and his Agora Inc. stock touting machine lied to promote Endovasc and 'up to 30 million' worthless Endovasc shares were dumped from a Charles Schwab account to defraud naive investors such as myself !
They are owned in part by the CIA through their 'non-profit' In-Q-Tel ! I was so concerned I even wrote an email to Amit Yoran the new In-Q-Tel CEO who replacced Gilman Louie in that job.So far of course no reply.
Mr.Yoran was previously the cyber security 'czar' for the Office of Homeland Security.If he does not act and the SEC does not act to close down 'Bellador Goup' then these
'Keystone Cops' are far worse than we imagined ! You can do a google search 'bellador group' yourself and find my communication and writing about them.
SRA International also provides the CIA with W Bush's 'daily briefing' which may explain why he hallucinated 'WMDS' in Iraq.Maybe not.Oh,one further note on this Nevada Republican penny stock scumbag Steve Wark,he appears to be connected with a Bud Burell who is a known penny stock fraud and also seems to use offshore entities and accounts to dump worthless Nevada penny stock shares and probable money laundering activities.
Now by chance I did a google search of ' Bud Burell private trading' remembering his latest pump and dump had to do with 'private trading' and low and behold on one of the fraudulent ncans.net sites called 'thesanitycheck.com' I believe,is this below from Bud Burrell's on scammy blog.The reason I was surprised is that the ncans.net mafia usually deletes and removes any poster who utters a discouraging word.
In this case Mr.Burrell did not and thus leaves the posts of a critic who has done his or her homework on Mr.Bud Burrell,partner in penny stock fraud with Nevada Republican Cheetah Club 'naked shorting' scumbag Steve Wark.
You might also do a google search of ' bud burrell cfrn ' or ' bud burrell christiantraders' to see how these fraudsters even take advantage of the term 'christian' to lure more suckers into their fraudulent Nevada penny stock scams. 'Christian traitors' might be more appropriate in light of their involvement with money laundering in offshore terrorist suspect money laundering states such as UAE,Dubia,Kuala Lumpur,etc. with unaudited or unregistered US. or Nevada worthless penny stock shares.Then again traitor might describe also the Attorney General of Nevada or the SEC who sit back and pretend not to notice,as well. :
Re: Stockgate Report: Investrend Article on Targeting of DTCC by NASAA members for Subpoenas By taking_action on 2/16/2006 5:28 PM
Naked Shorting - The Real Bad Guys__MR Burrell, comments please? thank you
Posted Feb 15, 2006, 12:49 PM ET
I got a very interesting email a few minutes ago. I cant say I have fact checked it exhaustively. I havent. Im sure the Naked Shorting Sithmeisters will weigh in with their comments about any perceived or real inaccuracies. Facts can never get in the way of a war, so every side and every word will be spun by all those with something at stake.
Personally, the only thing I have at stake is the ongoing entertainment value of all of this. My 20k shares short of Overstock will continue to do just fine. ( Patrick Byrne, if you want to lend me any of the shares you own and have taken possession of, I would be happy to borrow them and short them).
But I digress. Here is the information I received. You can do your own research before coming to any conlusions. Im sure the comments to this blogpost will be very, very interesting.
Ive been following your blog and have been particularly amused by your postings about Patrick Byrne, Overstock.com and the mysterious people behind the anti-naked shorting movement.
Ive spent quite a bitof time tracking a vast network of corrupt executives, financiers and brokers who route discounted shares of obscure U.S. companies overseas through sham private placements and venture capital deals and then resell them to foreign investors at marked up prices, through unlicensed securities boiler rooms
A few weeks ago, I learned that shares of one such company, Private Trading Systems Inc. of Scottsdale, Ariz. (Pink sheets: PVTM), were being offered to European investors by an apparently fictitious brokerage calling itself Anglo Swiss Consulting (fictitious in the sense that it is not registered with any nations regulatory agency and that its Internet site is something of a Potemkin storefront.)
When I looked into Private Trading Systems, I noted that its chairman, chief executive, treasurer and corporate secretary is none other than C. Austin Bud Burrell, whose dire warnings about naked shorting have been featured at NCANS.net, on the Bob OBrien blog and similar Internet sites.
Burrell also has been a litigation consultant for John OQuinn, the Texas lawyer representing Overstock.com in its suit against Rocker Partners, Gradient Analytics and other defendants who allegedly undermined the companys stock through nefarious shorting activities.
Its worth noting that shares of Endovasc Inc., another company that is part of the anti-naked shorting coalition, also were sold by a foreign boiler room known as Bellador Advisory Services.
Theres another interesting aspect to Private Trading Systems. According to the Form 10-12 that Private Trading filed earlier this month with the SEC, its biggest shareholder, with a 43.2 percent equity stake, is T.P. Ramsden.
The filing said Ramsden controlled the rights to the technology behind the trading system that the company is developing to allow institutional investors to privately trade securities, instruments, or any financial asset that is capable of being converted to electronic form.
What Private Trading Systems SEC filing did not say is that T.P. Ramsden is Terry Ramsden, once a highflying British bond trader, who pleaded guilty to investment fraud in the 1990s and later was convicted of bankruptcy fraud. He was sentenced to 21 months in prison, and served 10.
Ramsden is making a comeback of sorts, and has raised eyebrows in British investment circles by taking positions in several small public companies whose shares have moved upward after his arrival (Hansard Group is one example).
I offer this tale as yet another example of the kinds of activities that members of the anti-naked shorting coalition have been engaging in, while claiming that it is their detractors who are involved in dishonest undertakings.
Feel free to use this information as the basis for a new blog post
Re: Stockgate Report: Investrend Article on Targeting of DTCC by NASAA members for Subpoenas By taking_action on 2/16/2006 5:30 PM
Im sorry I neglected to give you the link..I did not write it!http://www.blogmaverick.com/
Re: Stockgate Report: Investrend Article on Targeting of DTCC by NASAA members for Subpoenas By bburrell on 2/16/2006 6:15 PM
I do not respond to anonymous blog basher posters. I don't read boards, not unless it is to get names for DOJ, the FBI or others. I don't do chat rooms. The BS on these sites is a lot of noise signifying nothing. Responding is a kind of trap, like getting something stinky on your shoe. I don't care what such posts say, nor will I.
My counsel has been sent these posts, as has Mr. Ramsden's. I hope you can back up your allegations, as you are not jounalists and you have no privilege in any event.
Even if I were not in a filing comment period, I would not respond to this kind of thing. The facts of the damage of illegal shorting are overwhelming and getting more so everyday. See the article today on subpoenas to DTCC from CT and UT.
This cat is now out of the bag, and it isn't going to be put back in. I have said this before, and I stand by it.
Warmest Personal Regards.
Re: Stockgate Report: Investrend Article on Targeting of DTCC by NASAA members for Subpoenas By taking_action on 2/16/2006 6:25 PM
Please understand, I am on your side. This is whats "out" there and being posted.
Kudos to you for for forwarding them to your attorney.
As far as the subpoenas go, I saw them earlier today, and am ecstatic.
Finally!! We are getting some print and action. Rod Youngs testimony was stellar, especially his last line. Hope you had a chance to read the transcript or at least listen to the audio.
Keep up the good fight. There are countless numbers behind you, Dave, Rod et al.
Hope you also caught the consumer surveyor.
Take care, and thanks for the response.
Re: Stockgate Report: Investrend Article on Targeting of DTCC by NASAA members for Subpoenas By rashomon on 2/16/2006 10:31 PM
Riddle me this Mr Bud. Is or is not Ramsden a convicted felon guilty of numerous securities transgressions? Is or is not Ramsden the controlling shareholder of PVTM? Does or does not Ramsden have a control interest in the Irish fund PVTM did an exotic stock swap with? What does PVTM intend to do with those fund shares? What does the Irish (BVI incorporated fund) controlled by Ramsden intend to do with their PVTM shares? Have any of their shares been promised pledged or sold to any brokerage houses? Does or does not the transaction provide for an effective reset on the PVTM shares should there be a price decline like a typical death spiral? Bud, doing a death spiral type transaction with a convicted felon? Riddle us this Bud, be straightforward, dispel the suspicion because we have just started our research and it will be sent to the SEC FBI and Interpol.
Re: Stockgate Report: Investrend Article on Targeting of DTCC by NASAA members for Subpoenas By bburrell on 2/18/2006 8:21 AM
Give me your real name, address and Email, and I will let my Corporate Counsel and the personal counsel of Mr. Ramsden respond to you. Mr. Ramsden is a control person of the Company as inventor of our patent pending technology (over 10%), and I am Chairman and CEO of under the law (under 5%), but Ramsden is neither an officer, controlling shareholder nor director. This is disclosed in our filings. I am in a comment period and cannot and will not violate the rules to this status. I can confirm the above since it was fully disclosed in of our Form 10 filings, both the original and the subsequent amendment to the comment letter provided to the SEC.
Mr. Ramsden has no management interest in Birchington, nor does he control the fund. I know who does, and you have just made a second actionable accusation you cannot support. According to Birchington's management, it has never sold a single share of any funds or stock shares it controls. There is no toxic convertible component to Birchington in our agreement. Get your facts straight about whether or not is Ramsden a securities felon under US law. You are now at risk on this accusation.
The Birchington Investment Trust is an Investment Trust under Irish law, what we would call a closed end fund. They have a prospsectus filed with the authorities. What we will do with it will be disclosed in our registration filing.
Your screen name is a recognized name of a basher who posts on other boards including the blog maverick board of Cuban. How do you explain involvement with associates of a now twice convicted securities felon, Anthony (Amr) Elgindy, now facing life imprisonment? I have provided information on actions of parties similar to your conduct to the SEC, DOJ, and other Federal Agencies. I will report this to them along with your screen name and how to trace you.
I will not repsond to you again. As a matter of policy, I do not respond to anonymous bashers, but most especially those whose only intent is to discredit Companies or individuals. This is about the only Blog I read, and I pay no attention to boards, nor do i participate in Chat Rooms. You want information, read the next filing. As for me personally, you want to know who I am, pull your head out of wherever, I have only been out there five years. I have been interviewed numerous times on the radio, and my written output in available in part on this Blog, and on http://www.cfrn.net/investigates.
You will be blocked if you post anything here again, other than your contact information for Federal Authorities.
Re: Stockgate Report: Investrend Article on Targeting of DTCC by NASAA members for Subpoenas By virakiller on 2/18/2006 12:29 PM
hey taking_action take me on
Bud Burrell is a hero
Patrick Byrne a hero
Bob Obrien a hero
you are just a slime hiding under a rock come out and discuss this with me
dont you come to this board and trash bud EVER you hear me ?
lets talk about the basics of selling something and not delivering what you sold
your 20k short on OSTK will kill you very soon
Patrick Byrne is a very very smart man
Are you smart about this issue ?
I consider myself and EXPERT not in Buds league but Bud is really in a league by himself on this counterfeiting issue
taking _action I wait for a response from you now the clock is ticking
Re: Stockgate Report: Investrend Article on Targeting of DTCC by NASAA members for Subpoenas By virakiller on 2/18/2006 12:32 PM
RASHOMON dont talk to Bud in that tone he really does understand this and you are no where near his level so discuss this with me and dont waste his time
you say that selling somone a share of stock that is unregistered is legal ?
I wait for your response
Below are reference links for additiional reading :
Clients stood to benefit from suspect stock sales – claim(Chares Schwab - LOM of Bermuda penny stock fraud)
Schwab:SF SEC Uses McCarthy tactics to protect right wing stock fraud
Israeli President Moshe Katzav aids massive penny stock fraud,possible money laundering
CIA,In-Q-Tel,Amit Yoran re SRA International, Mantas Inc stock fraud money laundering
Porter Goss: CIA Cyber and stock fraud ops damaged by leaks ?
Does NSA Serve SRA International's 'Cookies' ?
Senator Bennett :Is Patrick Byrne's NCANS a Fraud ?
The Byrnes,John Edwards,Attorney O'Quinn,Swift Boat Vets,Money Laundering
Is Arizona attorney Ron Logan aiding international penny stock fraud ?
James J. Angel,Georgetown University,lap dancers and cyber fraud mafia
D.C.Terrorbaggers:James Dale Davidson,Don Nickles, ex-CIA Chief Woolsey, Asa Hutchinson,
Charles Schwab and Share-Money Laundering
pdf file :Schwab letter and Endovasc's 'shareholder agreement' to deposit 'up to 30 million shares in ONE FRAUDULENT Schwab pump and dump account ! :
Clients stood to benefit from suspect stock sales – claim(Charles Schwab - LOM of Bermuda penny stock fraud)
Charles Schwab:New Jersey Star Ledger and legislature conned by known stock fraud Gary Valinoti ?
The fraud(stock manipulation and illegal pump and dump activity erroneously attributed to 'naked short sells' and 'FTD' or 'fails to deliver' by the criminals) is massive,Beltway connected and may include money laundering with penny stocks and other stock shares in terrorist suspect money laundering havens such as Kuala Lumpur and Dubai.Paradoxically Gary Valinoti is a pal of David Patch who in turn is James Dale Davidson connected.Davidson is founder of the Steve Forbes and Grover Norquist connected National Taxpayers Union that funded the effort to smear New Jersey Gov. Jon Corzine.And James Dale Davidson orchestrated the Richard Mellon Scaife funded 'Clinton killed Vince Foster' smear campaign against Bill Clinton ! Small world ain't it ?!
New Jersey Star Ledger and legislature conned by known stock fraud Gary Valinoti ?
The fraud(stock manipulation and illegal pump and dump activity erroneously attributed to 'naked short sells' and 'FTD' or 'fails to deliver' by the criminals) is massive,Beltway connected and may include money laundering with penny stocks and other stock shares in terrorist suspect money laundering havens such as Kuala Lumpur and Dubai.Paradoxically Gary Valinoti is a pal of David Patch who in turn is James Dale Davidson connected.Davidson is founder of the Steve Forbes and Grover Norquist connected National Taxpayers Union that funded the effort to smear New Jersey Gov. Jon Corzine's election bid. And James Dale Davidson orchestrated the Richard Mellon Scaife funded 'Clinton killed Vince Foster' smear campaign against Bill Clinton ! Small world ain't it ?!
Star Ledger and New Jersey legislature conned by known stock fraud Gary Valinoti ?
Note,opinions above and those below my quote from Gary Weiss' blog site are by me,Tony Ryals,and not Gary Weiss.He is too clever to get taken in a penny stock scam using a Stanford University patent to run an illegal pump and dump operation as I was.
On the other hand this has led me to a deeper and more radicalized analysis of what I have come to see as a far right wing criminal enterprise whose frauds
use the internet, particularly Yahoo ! and ragingbull of Lycos, to scam Americans into buying worthless shares.That increases the share price so the insiders can dump these mostly unaudited unregistered and generally worthless shares.
Unscrupulous brokers onshore aid to 'ex-patriate' money stolen from onshore retail investors to offshore accounts and even avoid taxes on what they have stolen from defrauded Americans.This not only defrauds Americans but decreases taxable revenue in the U.S.These have included Charles Schwab as well as smaller brokerages such a VFinance of Florida,etc.The massive fraud erroneously blamed on naked shorting is what I term 'share-money laundering' for themselves and their far right causes.
The fact that the SEC,even in this age of computers and rapid machine calculations and 'IT' or internet
tech people such as the fine CIA connected folk at SRA International who created Mantas AML or anti-money laundering software,for some reason have not been able to create a simple system to monitor the flow and dumping of penny stock shares.
But then again they didn't even notice 'up to 30 million shares' in one Schwab account in 2002 that was dumped in mass as James Dale Davidson and his Agora Inc. internet cyber fraud tout machine promoted the Stanford patent and all those shares were dumped.Not to mention the Schwab LOM of Bermuda account that as you can find at link at bottom from the Royal Gazette of Bermuda even the SEC couldn't ignore although I'm sure they will do their best to go light on the criminals and insure defrauded investors never see a penny.
Unregistered and unaudited shares have been used to mask and conceal the flow of money so money laundering would be involved including in Dubai or Kuala Lumpur etc. (Bellador Group) and CIA may be involved just as they may be involved in the UAE - U.S. ports deal.
Friday, February 24, 2006
First I quote from Gary Weiss' blogspot titled,'The Short Selling Hysteria Continues
While critical of the purposeful deception and fraud perpetrated on the New Jersey legislature and the Star Ledger by Gary Valinoti and his gang of 3 who showed up to willfully manipulate and deceive them just as they manipulate penny stocks and deceive investors, Gary Weiss feels that the Star Ledger is still a comendable paper.
I have not had chance to read it for myself except the one article Gary Weiss refers to but so far his credibility in taking on the 'anti-naked shorting mafia'
as I call them has itself been commendable and I'll take him at his word.
Gary Weiss' blog,http://www.garyweiss.blogspot.com/,
brought to my attention today that ,'New Jersey's largest newspaper, the Star-Ledger, read today that the scourge of naked short-selling has descended on Wall Street. Word of that came from a man in a position to know -- New Jersey's next state treasurer, Bradley Abelow, at his confirmation hearing before the state senate Judiciary Committee in Trenton.........
The only problem is that Abelow didn't say that. As a matter of fact, according to the archived audio feed of the hearing, he said the exact opposite: "The issue of fails to deliver of securities are endemic and occur as a matter of course and that my experience is that everyone at the DTCC and its participant firms work diligently to clean them up."
As Abelow had patiently explained to the committee,
"fails" occur for a whole bunch of reasons. They are routine. Happen as a "matter of course." Sometimes, he explained, FTDs(fails to deliver shares) happen because the transaction is off by a penny. It's something that anyone who knows a blessed thing about the subject, including the regulators, have explained again and again and again............
Now, I don't mean to beat up on the Star-Ledger, which is a damn good paper that regularly takes awards away from the big guys in New York. If I had covered the hearing for a daily paper and if I hadn't been writing about this stupid "naked shorting" issue for the past ten years, I probably would have gotten confused about the subject myself. What was particularly confusing to the uninitiated was that Abelow was preceeded by four "witnesses" who spewed sheer baloney on the subject without contradiction....................................
DTCC has the thankless task of overseeing the stock-loan system that is at the center of the naked shorting non-scandal, so it has been regularly a subject of screwball lawsuits that have been monotonously tossed out of court. The stalking continued in Trenton yesterday, with Abelow hounded by the aforementioned four witnesses, and by some particularly brainless questioning by one state senator. "Have you ever, for your own account, engaged in naked short selling?" a legislator named Gerald Cardinale asked the dumbfounded Abelow.
One of the "witnesses" who came to serve up baloney was Gary L. Valinoti, former CEO of a sad, blameless company called Jag Media Holdings that he claimed was an innocent victim of naked short-selling. Valinoti forgot to mention that he too is a victim -- of SEC charges that he engaged in "unregistered sales and transfers of securities of [Jag Media Holdings] in violation of Section 5 of the Securities Act of 1933." He settled the charges last September without confirming or denying the allegations.
None of the press coverage mentioned Valinoti's little run-in with the SEC, while providing a forum for the idiotic nonsense spewed at the hearing by the naked-shorting cultists.
I could only glance at the New Jersey Star Ledger paper as it turned my stomach. Gary Valinoti who I thought lives in Florida also attended a Washington , D.C. NASAA scam 'symposium' a short time back set up by Ralph Lambiase and played the victim and Lambiase like the New Jersey legislature and the Star Ledger did no background to see he,who claims to be a victim instead victimized his own investors in endless pump and dump fraud and the dumping of unaudited shares that even the SEC slapped him own the wrist for all the while claiming his penny stock fraud JAGH or Jag Media Holdings was 'naked shorted'.
It is so obvious in retrospect that all this is because the SEC encourages this massive criminal penny stock enterprise NOT to disclose shares they and their partners are dumping and probably laundering money with ! Why ?
And he and David Patch have used the world wide internet and their scam websites,of which ragingbull could be considered the largest or hub fraud website to lead to other scam websites such as Gayle Essary's FinancialWire and David Patch's investigatethesec.com that coincidentally replaced James Dale Davidson's or Agora Inc.'s et.al.'s NAANSS or 'National Association Against Naked Short Selling' fraud that touted Genemax etc.,a known penny stock pump and dump that probably used Charles Schwab and LOM of Bermuda among other entities for their massive share dumping and manipulation.
And now Yahoo gives ncans.net, or National Coalition Against Naked Shorting,thesanitycheck.com,and buyins.net etc.and investigatethesec.com free range to promote the same fraudulent scam against its readers or even threaten lives ! Why ?
Gary Valinoti's own jagnotes.com strangely and coincidentally began the illegal pump of Charles Schwab shares a day before the London bombing with the false rumor of a buyout from whatever major banks or brokerages he felt would start a buying frenzy on Schwab stock and it worked.Reuters also picked up on the jagnotes.com rumor although they should have known better.
Valinoti and jagnotes also sponsered the rumor Warren Buffett would buy NFI to much less effect.But at least he gave the fraud his best shot on jagnotes.
And Schwab is a prime example of a broker who aided the naked short fraud,particularly before selling their 'market maker' business to CSFB by allowing Endovasc to dump 'up to 30 million shares' as Davidson touted through Agora Inc.and remained totally silent as James Dale Davidson and attorney John O'Quinn accused them of 'naked shorting'.Why ?
Yes this is a Beltway fraud in very large part which is why it's so sad to depend upon SEC to do a thing about it.Even worse to realise an email to the SEC is an email to the CIA's and NSA's 'IT',SRA International.
And the CIA through its In-Q-Tel 'non-profit' corporation is in the penny stock pump and dump business itself !!
And Ralph Lambiase and whoever at NASAA who have aided and abetted the naked short fraud out of ignorance or for whatever reason show there is little hope on the state level.Even Georgetown University aids the fraud through James Angel and Georgetown is VERY SEC connected through Securities Exchange Commission employees who are also Georgetown employees.
I thought the connection between Bellador Group of Dubai and Endovasc shares being dumped from Kuala Lumpur or Nicosia or Kuala Lumpur by Mr.Taylor et.al. would be a wake up call to the SEC.SEEMS MORE IT WAS ANOTHER COVER UP CALL.
I might email another complaint to the SEC but I might as well mail it to SRA International the government's 'IT' monopoly and a CIA IN-Q-Tel operation for all intents and purposes.
And the fact that SRA International shares have been pimped by Bellador Group of Kuala Lumpur and Dubai only adds to my hopelessness and cynicism.
And ragingbull lycos has even signed deals with Gary Valinoti's Jag Media to promote scammy companies together ! No wonder ragingbull deletes accounts and posts of defrauded investors and virtually controls the ragingbull message boards for the penny stock mafia.
This is significant when W Bush wishes to sell your port to UEA and Dubai and claims they have cleaned up their banking and money laundering when in truth I know for a fact our own far right in cohoots with Bush administration have the green light to launder money and defraud their fellow Americans ibn sleezy stock scams based in Dubai,Kuala Lumpur,etc..
Even shares of the publically traded SRA International, the government's foremost 'IT' or internet technology provider that the CIA's In-Q-Tel is a major share holder of and that the NSA uses to spy on us and the CIA uses to provide Bush his daily briefing has had its shares recommended to its clients offshore in Dubai and Kuala Lumpur by the known boiler room Bellador Group!! And besides gaining from the sale of shares corporate insiders to SRA International receive hundreds of millions of dollars from nearly every branch of our government. which allows them to inflate share price as insiders dump more shares and perhaps launder money themselves in Kuala Lumpur.
They nor the SEC nor the CIA seem concerned that Bellador Group of Kuala Lumpur has taken an active interst in promoting their shares and they are a known boiler room and money laundering operation !!
And the SEC does nothing of course.Even ex SEC attorney Brent Baker of Utah has now left the SEC and works as well well paid attorney to Patrick Byrne of Overstock.com who fuunds ncan.net and it's life threatening mafia on Yahoo's NFI and OSTK message boards etc.
Along with his father Jack Byrne billionaire insurance
magnate Patrick Byrne put well over $1,000,000 into smear campaigns against Edwards and Kerry on their on !! Brent Baker ex SEC attorney was the one who spyed on me under guise of being attorney against James Dale Davidson and Agora Inc. Instead he was working hand in hand to help their penny stock fraud and assure I was defrauded.Scum.
Connections to Bush administration as well as CIA,
and Agora Inc. of James Dale Davidson founder of Steve Forbes and Grover Norquist connected National Taxpaxers Union also suspected.
Got a complaint or care to 'whistleblow' to the SEC or the GAO,or the FBI or the DOJ ? Well if you do the guys at SRA International who do their IT are all ears,for their CIA investors and the NSA that is.
This story is related to this sandiego.indymedia.org story:
Senator Bennett,penny stock scam,Cheetah Club
video:Senator Bennett endorses penny stock scam with Cheetah's Club striptease club connection.
Also the fraudulent and secretive ncans.net has San Diego Wells Fargo account and are represented by San Diego law firm SADR & BARRERA, APLC, ATTORNEY CLIENT TRUST, Account number 0430243675.Shouldn't someone tell this San Diego law firm they are representing illegal penny stock pump and dump criminals who will not identify themselves for that reason and that money laundering with penny stock shares is possibly involved ?
This work is in the public domain