You think the SEC is there to protect investors and regulate financial markets ? Think again!
They SEC stole 3.9 Trillions from investors, and don’t want to give it back. Financial markets at their best!
Traders beware ! The SEC is not what you think it is. Just like Big Pharma needs bogus agencies (FDA, CDC, EPA) to protect their misdeeds, Wall Street needs a fake protection agency, the SEC, to cover up financial mafia all around the world. The stock markets are simply a legalized crime organization run by the parasites that are turning people’s lives into misery: the US government (and all its G7 friends), the FED and the bankers.
Hard to believe ? Really ? You probably never heard about this, but one week before the collapse of Lehman Brothers, ‘someone’ asked for $2 put options to be created … although LB was still trading around $30 (from memory, could be a few dollars off). That particular someone bought for one million dollars of $2 put options, valued at 0.01$ a piece. This is probably the craziest bet ever in the history of trading, unless that person knew what was going to happen.
One week later, LB collapsed and those puts went from 0.01$ to 2.7$, ie a 27,000% increase. The trader made $ 270 million in one week. The SEC ‘investigated’ and could, supposedly, never found his identity. Yeah sure! Keep in mind they had been warned about Madoff several times, and did nothing.
If you don’t want to see that the SEC is in fact implied in fraudulent trading and other criminal practices, read on.
In short, the SEC framed naked short sellers using shareholder’s shares without asking them, took the company down, and now they are keeping the money. Easy!
This is the biggest financial scandal ever and the biggest lawsuit of all times. Did you hear it in your favourite financial newspaper, or advisor’s newsletter?
Here is the link to the official lawsuit document filed by Hodges law firm against SEC : 3.87 Trillions
Here is a link to an article from a major german broadcaster, ARD
Here is another link to the Examiner to understand what is going on.
The first person to report this scandal was an English reporter, Christopher Story. He reported being threatened every day for months, a few weeks ago he reported being poisoned, but managed to survive. He ‘died peacefully in his sleep‘ on July 14th, 2010. His articles are hard to understand, but just by looking at their titles, you will get the picture.
Here are a few juicy comments taken from the Examiner report.
The media will continue to overlook unprecedented accusations brought forth in a recent $3.87 trillion lawsuit against U.S. Securities and Exchange Commission Chairman Mary L. Shapiro, as well as several other current and former SEC commissioners, among others. This Bivens action suit represents the largest fraud case in world history, and was filed in the U.S.
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“During the period of June 1, 2004 through October 28, 2005 a total of 2.25 Trillion “phantom” shares of CMKM Diamonds Inc, was sold into the public market through legitimate brokers, illegitimate brokers and dealers, market makers, hedge funds, ex-clearing transactions and private transactions. The sales of the majority of such shares were at all times known to the Securities and Exchange Commission, including Defendants herein.
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Based on these assertions, CMKM was used by the U.S. government as part of a covert sting operation – unbeknownst to shareholders – to apprehend criminals for their offenses. However, instead of prosecuting most of them, restitution deals were apparently cut.
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[Complaint paragraph 36] Plaintiffs herein are informed and believe, and based thereon allege, that at all times mentioned, the Securities and Exchange Commission reserved unto itself the sole and absolute discretion to determine when moneys collected pursuant to the scheme set forth above would and could be released for distribution.
[Complaint paragraph 37] Demand for release of said moneys has been repeatedly presented to the Securities and Exchange Commission without result.
It’s not that Hodges and his associates haven’t tried to attract the media’s interest; in fact, on this side of the Atlantic, all the major dailies, including The Los Angeles Times, The New York Times, The Wall Street Journal and The Washington Post have all been informed of the suit. Their respective editorial staffs – with the exception of Floyd Norris – have utterly decided to ignore it.
“They [the government] used the shareholders without their consent to perform this ‘sting operation’ for National Security interests, and it wouldn’t have worked the way it worked if they had disclosed it,” he continued.
“On the other hand, it isn’t right to bury a company and put them out of business for the purpose of trapping people who are using the company to cheat the government, to line their own pockets, and to fund their operations against the United States.”
“we are not asking the government to pay us $3.87 trillion, what we’re asking is for them to release the funds that have been collected for us.”
In short, the US gov framed naked short sellers using shareholder’s shares without asking them, then they took the company down, and now they are keeping the money.
And you are asked to believe their goal was to hurt naked short sellers, yeah, that’s why they ended up making a deal with them.
I’d say their prime goal was to keep the money because if it wasn’t, they would simply give it back to the shareholders.
Can you really picture the US government GIVING BACK trillions to their owners?
This story shows corruption at all levels : government, trading institutions, banks and media.
Oh, doesn’t this look like the subprime crisis, the bailouts, the healthcare bill ??? We’ve seen it before right ?
If they get away with this, expect other ‘coups’ like this one, it is easy to fund the US government after all, just steal trillions from the market.