annie Mae Naked Short Lie:SEC Chris Cox,Agora Inc.,James Dale Davidson, Lord William Rees-Mogg LOM Bermuda,Schwab,vFinance Stock Fraud Money Laundering
Now why does Chris Cox and his SEC (U.S.Securities Exchange Commission)allow Scott Lines and his LOM(Lines Overseas Management) of Bermuda Bahamas Isle of Man,etc.whose massive U.S. penny stock frauds and manipulations in collusion with disgraced Florida Democrat Rep.Tim Mahoney's vFinance and Charles Schwab has been covered up by the SEC itself to buy and sell Fannie Mae,Freddie Mac,etc. shares ?
Fannie Mae Naked Short Lie:SEC Chris Cox,Agora Inc.,James Dale Davidson, Lord William Rees-Mogg LOM Bermuda,Schwab,vFinance Stock Fraud Money Laundering
Now why does Chris Cox and his SEC (U.S.Securities Exchange Commission)allow Scott Lines and his LOM(Lines Overseas Management) of Bermuda Bahamas Isle of Man,etc.whose massive U.S. penny stock frauds and manipulations in collusion with disgraced Florida Democrat Rep.Tim Mahoney's vFinance and Charles Schwab has been covered up by the SEC itself to buy and sell Fannie Mae,Freddie Mac,etc. shares ?
And how can anyone know just how many they really buy and sell or short(dump)over time ? Could these types of offshore hedge fund and securities fraudsters be what caused the collapse of Fannie Mae shares and NOT the lie Chrisopher Cox about 'naked shorting' Cox has sold to the public ?
.....
Why invest with LOM? - LOM
LOM is one of the world's largest and most established offshore investment firms ... Iceland, India, Indonesia, Iran, Iraq, Ireland, Israel, Isle of Man ...
www.lom.com/why-invest-with-lom
Fixed Income Fund - LOM
The LOM Fixed Income Fund is an absolute return, investment grade bond
fund. ... Fannie Mae, 02/01/11. Fannie Mae, 06/30/11. Fannie Mae,
06/25/10 ...
http://www.lom.com/fixed-income-fund
.......
LOM 2008 Half Year Financial Results - LOM
The storm continues in the financial markets with both Fannie Mae and
Freddie ... LOM's first half net earnings for 2008 decreased to $47806
or 1 cent per ...
http://www.lom.com/lom-2008-half-year-financial-results
.....
And with all the U.S. penny stock fraud and manipulation from LOM over
the years that Chris Cox seems to have forgotten and that includes
Alexandria,Virginia's James Dale Davidson and Canadians Brent Pirce
and Grant Atkins of NAANSS(National Association Against Naked Short
Selling),fame's Genemax as well as those few penny stocks acknowledged
by Carol Remond and David Marchant and the SEC,but also including I
believe Charles Schwab's and Tim Mahoney's 'market maker' expertise
to manipulate Endovasc of Virginia banker David P Summers posing as a
Texas biotech CEO and I believe many more U.S. penny unmentioned - how
can the SEC justify this offshore pump and dump firm to buy and sell Fannie Mae !?
It should be remembered that James Dale Davidson and his Lord William
Rees-Mogg once were substantial shareholders in LOM and thus they and
their Agora Inc must still have some clout there.And NCANS 'Bob
O'Brien' the anonymous spokesman for Patrick Byrne's NCANS or
National Coalition Against Naked Shorting that replaced Davidson's
NAANSS in 2005 and that, like Davidson and Rees-Mogg's and Steve
Forbes NTU or National Taxpayers Union in Alexandria Virginia near the
Securities Exchange Commission coincidentally where many penny stock
frauds have been orchestrated from ?
It should be noted the the Lord William Rees-Mogg is a co-author with
James Dale Davidson of sensational self promotional investing books
such such as 'The Sovereign Individual' and 'Blood In The Streets' that have become cult classics of far right Libertarians such as Texas
Republican Ron Paul who has also lied in collusion with James Dale
Davidson Christopher Cox Patrick Byrne et.al. about 'naked short
selling' in order to distract from very real offshore hedge fund
shorting and stock manipulation and illegal U.S. penny stock pumps and
dumps and money laundering of the kind James Dale Davidson's,the Lord
William Rees-Mogg's,Scott Lines',et.al.'s LOM of Bermuda really does.
Lord Rees-Mogg is former editor of Times of London now owned by his
friend Rupert Murdoch who now controls Wall Street Journal as if it
weren't corrupt and right wing enoughbefore he bought it.William
Rees-Mogg was an adviser to 'Iron Lady' Margaret Thatcher which might
explain some of the financial corruption going down around her UK
regime at the time such as collapse of the market and poud and stock frauds.
James Dale Davidson was an economic adviser to daddy George Herbert
Walker Bush behind the scenes and he(Davidson himself)has hinted at
money laundeing activities for both 'Poppy' Bush and Bill Clinton regimes.He is also the chief accuser of Bill Clinton in the death of Vince Foster and employer of ex CIA William
Colby when he died mysteriously in a drowning in the 1990's.Colbby's
name was used on the Strategic Investment letterherad sent out
accusing Clinton of the murder of Foster but Colby died without ever
making a comment on Davidson's use of his name to accuse Clinton of
murder which he(Colby) was paid for mainly to promote James Dale
Davidson's,Lord William Rees-Mogg and Bill Bonner Agora Inc stock
frauds.Haumorously enough the British King's good ol boy or old man Lord William Rees-Mogg was more interested in sniffing out Monica Lewinski's soiled under wear and kissing up to Monica's handler and literary pimp Lucianne Goldberg to do so.:
The British Oligarchy Moves To Oust President Clinton
... Lord William Rees-Mogg's Strategic Investment newsletter, and British ... from no later than 1993, New York ``literary agent'' Lucianne Goldberg, ...
american_almanac.tripod.com/britolig.htm
http://www.whiskeyandgunpowder.com/Archives/2008/20080918.html
September 18, 2008
By Lord William Rees-Mogg
London, England, U.K.
Forecasting the Crash
In 1987, which is now more than twenty years ago, I published a book
with James Dale Davidson. Some people still remember it for its title,
Blood in the Streets, taken from a remark of Nathan Rothschild in
1815, at the time of Napoleon's hundred-day gamble that ended in his
defeat at Waterloo. "The time to buy," said Rothschild, "is when blood
is running in the streets." The book arose out of our commentary in
Strategic Investment.
The book attracted a good deal of attention at the time because it
forecast the 1987 crash, which is still the largest fall in one day's
trading on Wall Street. I was in New York when the 1987 crash
occurred. I remember an Australian broker observing that he had fought
in a foxhole in Vietnam and that he found the 1987 crash more
frightening....
................
http://www.offshorebusiness.com/message_board_detail.asp?id=57480&pa...
Re: Scott Lines - Brian Lines - Lines Overseas Management slammed by SEC
By David Marchant on 12/20/2007 6:53:12 PM
E-mail: editor@offshorealert.com
I've been reporting on LOM for many, many years. I was working in
Bermuda when the company was launched.
I don't recall LOM ever threatening to sue me, however. To the best of
my knowledge and recollection, the company has never made such a
threat.
Of interest is that, when I looked at the holding company's share
register several years ago, Agora's James Dale Davidson was on it, as
was Lord William Rees-Mogg, who is also involved with Agora.
David Marchant
.....................
I have followed the american english term 'naked short selling' or 'naked shorting' created by U.S. penny stock con artists protected by the corrupt Securities Exchange Commission of the United States since 1992 when the term
first began to be posted on ragingbull.con and Yahoo.con ! stock message boards.Even Steve Forbes' own paid business hack reporter Gary Weiss
(whose anonymous vanity biographer Mantan Moreland appears responsible for deleting all mention of James Dale Davidson's involvement with NAANSS or National Association Against Naked Short Selling on Wikipedia)has admitted he can't track its existence (the term 'naked short selling')any further back than 1992 when it was posted on the sec.gov's own website by an anonymous penny stock scamster who comlained about it in regards to some worthless penny stock he was promoting.In fact I screamed in my indymedia article posts when the term was first mentioned in an english video on Al Jazeera in 2006 AND ON BLOOMBERG AND ON RUPERT MURDOCH'S(AND THE LORD WILLIAM REES-MOGG'S TIMES OF LONDON)IN 2007 IN RELATION TO NORTHERN ROCK AND ONLY APPEARED IN AUSTRALIAN ENGLISH THANKS TO RUPERT MURDOCH'S HACK REPORTER AND SLEEZY NEWSPAPERS IN 2008 ! The term has no academic or historic credibilty and no one ever identifies any person or entity that is 'naked shorting' - except for Pat Byrne who blames it on a 'Sith Lord' ! Ha.
The SEC and Christopher Cox know it is a made up term the fraudsters such as James Dale Davidson quoted below in email to me from 2004 and on his own Agora Inc Vantage Point website defines it as 'counterfeitting' of shares although who is doing it always remains unknown and unsaid.Just ask SEC Chair Chris Cox who now heads this fraudulent claim movement just as the now silent James Dale Davidson and the still raving Patricxk Byrne of Overstock.con still does !Only Chris Cox now uses it to distract from the hedge funds and offshore criminals he protects who have basically looted Fannie Mae and Freddie Mac through unregulated stock manipulations from anonymous offshore accounts both hedge funbd and private accounts that are probably uilty of both money laundering and tax fraud.
Immediately below is part of my email correspondence with James Dale
Davidson founder of Steve Forbes', et.al.'s National Taxpayers Union
near Chris Cox's SEC office in beautiful downtown Alexandria,
Virginia. Mr.Davidson is also founder of Bill Bonner's,et.al.'s Agora
Inc penny stock holding(and dumping),
'company' in beautiful downtown Baltimore,Maryland.
James Dale Davidson has admitted to money laundering for George
Herbert Walker 'Poppy' Bush on his own newsmax.com that Rupert
Murdoch's Fox News loves to cite.He is the inventor of the 'Clinton
killed Vince Foster' myth and worked with Richard Mellon Scaife to
bring Clinton down although he helped finance Clinton's first run for
the White House.
Below is a link to and quote from Davidson's correspondence with me of 2004 that I posted on cnet.Note that although everyone knows Davidson's Genemax was a pump and dump fraud that
used various offshore accounts and the collusion of Charles Schwab and vFinance - no one was ever convicted and although innumerable money laundering operations with U.S. penny stocks have occured post 9/11 not one has ever been charged with making a fraudulent claim about 'naked short selling' to distract from all the worthless sjhares they 'pump and dump'!And now Chris Cox would have us believe Fannie Mae and Frediie Mac were simply 'naked shorted' - by Patrick Byrne's 'Sith Lord' ? - and that will be the end of it !
Note recent comments from SEC Chair Cox will be posted immediately after Davidson's email to me and his old Agora Inc Vantage Point stating,'the SEC also lies. I know because the SEC field office in
Utah has lied about me. And I suspect that these lies are the
culmination of a carefully laid plan to discredit GeneMax and punish
the company for raising troublesome issues about naked short selling,
which has also embarrassed the SEC.....'
Well the penny stock money laundering criminal James Dale Davidson certainly has a friend at the U.S. SEC now as if didn't at the time he complained.He was let off by the SEC and the corrupt Utah SEC attorney Brent Baker(who later got a well paid position with Patrick Byrne)never even mentioned his fraudulent claim that his Genemax pump and dump and Virginia banker David P Summers'Endovasc were relly illegal pump and dump money laundering operations.
David P Summers,(James Dale Davidson's Endovasc pump and dump money laundering partner and as it turns out Beltway colleague) never even disclosed he was really a Virgina banker and lied about his background outright! He is still running penny stock frauds such as the 'biotech' Metabolic Research as well as Virginia Heritage Bank ! Ms.Kerry McGovern of the SEC knows all about this as do no doubt many more SEC attorneys but she does nothing but defend them.
http://news.cnet.com/5208-1038-0.html?forumID=1&threadID=10346&m...
Yahoo protects stock mafia , death threats: reader comment from Tony Ryals
Posted on: octubre 13, 2005, 9:53 PM PDT:
Dear Mr. Ryals,
Who are you? I infer from your rantings below that you are delusional.
But perhaps more than that? Perhaps you are malicious, and in the
employ of electronic counterfeiters who have feasted on the corpses of
small public companies ever since the advent of electronic clearing? I
can think of no other motivation that would explain your letter. By
and large, normal people do not sit around inventing malicious
fantasies about someone they don't even know.
Obviously, you have your own agenda, so you are unlikely to be swayed
by anything I might say. I recognize that. But for what it's worth, I
have never been involved in any "pump and dump" exercise. For the
record, you have been warned. I would advise you not to repeat your
malicious slanders in a public forum, or I shall be obliged to take
legal action for redress.
Sincerely, James Davidson
P.S. By the way, your search for a company I have been involved with
which was a success for its investors could not have been very
diligent. As it happens, there was a long op ed piece in the
Washington Post this week by a small investor who made so much money
following my advice that filing his taxes had become a burden for him.
James Dale Davidson
.......................
http://news.cnet.com/5208-1030_3-0.html?forumID=1&threadID=14617&...
Dear Vantage Point Investor,
You may be as startled and upset as I am by the sudden collapse in the
price of GeneMax (GMXX), which has tumbled in the last nine trading
days. The question is, why? I can't pretend that I fully understand
the answer. But I have a disturbing guess. It appears that the naked
short-sellers who have counterfeited millions of GeneMax shares in an
attempt to destroy the company have enlisted powerful help.....
Unhappily, the SEC also lies. I know because the SEC field office in
Utah has lied about me. And I suspect that these lies are the
culmination of a carefully laid plan to discredit GeneMax and punish
the company for raising troublesome issues about naked short selling,
which has also embarrassed the SEC.....
And, if you are as concerned as I am about electronic counterfeiting
and its effects on the dynamic young companies that must fuel our
country's future growth (as well as your portfolio), I urge you to
write your congressman. You can also register your concern with the
National Association Against Naked Short
Selling(www.nakedshortselling.com),, which is taking up the fight for
companies and investors alike.
Sincerely,
James DAVIDSON
..................
Now note how our own SEC Chairman who should be protecting the public is aiding known penny stock criminal James Dale Davidson who founded NAANSS or National Association Against Naked Short Selling with Canadian penny stock criminals Brent Pierce and Grant Atkins and claimed Genemax and Endovasc were being 'naked shorted' when in fact all those shares were being issued and dumped by James Dale Davidson and gang from numerous accounts including LOM of Bermuda Charles Schwab and disgaced Florida Democrat Representative Tim Mahonwy's vFinnace ! And even tough Chris Cox and his corrupt or criminal SEC attoeneys all know this they allow offhore criminal enterprises such as LOM of Bermuda and Bahamas and Liechtenstein etc.,to by and sell and manipulate shares of Fannie Mae eve4n knowing both American investors can and have been harmed andf that U.S. tapayers or their children will be left with thew debt !
This is much larger than the penny stock scams that started the fraudulent naked shorting rumor and even Enron that Chris Cox's law firm in California represented even knowing it was robbing not only investors but his own California constituents blind at the beginning of W Bush administration in 2000 ! Christopher Cox who heads our own SEC is perhaps the biggest stock criminal in U.S. history and yes that is a serious accusation !
The proof that Chris Cox is lieing to aid James Dale Davidson penny stock fraudster money launderer and founder of the National Taxpayers Union a few blocks away from him as well as Geico billionaire Jack Byrne's son Patrick Byrne of Overstock.con is the fact that Fannie Mae and Freddie Mac etc., unlike most penny stocks such as Davidson's Genemax and Endovasc poumps and dumps,etc.,pay or at least paid dividends,(with the exception of NFI or Nova Star Financial mortgage lenders that NCANS also claimed was 'naked shorted').And the very fact that Fannie Mae and Freddie Mac
and even NFI paid dividends and not one investor or shareholder - not even insiders to the fraud - ever said they did not receive their dividends so in fact none of their shares were ever 'naked shorted' or counterfeitted or some of the shares would not have paid dividends if they weren't real so Chris Cox is just repeating James Dale Davidson's lies.And not one bought off corrupt business reporter from Steve Forbes' Forbes to Rupert Murdoch's Wall Street Journal to New York Mayor Michael Bloomberg's Bloomberg or the New York Times are calling him on his lies that have defrauded and looted not only 'retail' or 'mom and pop' investors in Fannie Mae etc.,but also homebuyers as well as taxpayers or their children indebted to the tune of trillions of dollars!Yes this is much bigger than penny stocks Mr.Cox and you should be behind bars for many years.You,Christopher Cox,are worse than Saddam Hussein who you lieingly accused of having 'WMDS'causing the death of thousands of Americans and hundreds of thousands of Iraqis !But of course dirt tricks both political and stocks have been your political
'expertise' in both the 'Poppy' Bush
and Reagan regimes as they were during your time as Orange County Republican Congressman and later as head of House Homeland Security Dept.,isn't that that right - far right - Mr.Cox !?
http://www.sec.gov/news/press/2008/2008-143.htm
SEC Enhances Investor Protections Against Naked Short Selling
FOR IMMEDIATE RELEASE
2008-143
Washington, D.C., July 15, 2008
"The SEC's mission to protect investors, maintain orderly markets, and promote capital formation is more important now than it has ever
been," said SEC Chairman Christopher Cox. "Today's Commission action
aims to stop unlawful manipulation through 'naked' short selling that
threatens the stability of financial institutions. We will continue
our vigorous commitment to investors by working within the SEC and in
close cooperation with our regulatory counterparts to promote the
continued health and vibrancy of our markets."
.....................
......
http://www.sec.gov/news/press/2008/2008-209.htm
Statements of SEC Chairman Christopher Cox and Enforcement Division
Director Linda Thomsen Regarding Immediate Commission Actions to
Combat Market Manipulation
FOR IMMEDIATE RELEASE
2008-209
Washington, D.C., Sept. 17, 2008
"Millions of investors entrust their savings to our securities markets
because they can be confident that our markets are orderly, liquid,
efficient, and rational," said Chairman Cox. "The turmoil in today's
markets, particularly in the financial sector, is challenging that
assumption for ordinary Americans. Markets are the best tool a free
society has to price and allocate assets across a complex economy, but
as is well known from experience, sometimes the wisdom of crowds is
supplanted by crowd behavior. We need well-functioning markets to help
us draw the line between reasonable miscalculation and error or
something worse involving the failure of due diligence, self-dealing,
and conflicts of interest. It is thus vitally important that the
market mechanism continue to inspire investor confidence.
"In order to ensure that hidden manipulation, illegal naked short
selling, or illegitimate trading tactics do not drive market behavior
and undermine confidence, the SEC today took several actions to
address short selling abuses," Chairman Cox continued.
.................................
The truth is Christopher Cox has so many conflicts of interest he
shouldn't even be allowed to live near Washington,D.C.,much less run
the U.S. SEC for the personal gain and financial and securities frauds
of his old Reagan-Bush administration money launderers such as James
Dale Davidson with his international far right fascist and stock fraud and money laundering connections and operations from the UK to Israel to Austria, Liechtenstein and the UAE and Dubai and around the world.Below is an obvious illegal penny stock spam
by James Dale Davidson's newsmax and
right - right out - out of Davidson's and Lord William Rees-Mogg's and
Steve Forbes' own National Taxpayers Union office building near the
SEC main office inb Alexandria, Virginia itself !And the U.S. SEC or Securities Exchange Commission,a few blocks away,does nothing !:
http://www.testcompany.com/archive/May2007-18/3687.html
SPAM+++ How You Can Profit from "An Oil Field in the Placenta"
From: NewsMax.com <newsmax(*)reply.newsmax.com>
Date: Wed, 09 May 2007 13:17:27 GMT
To: "test(*)testcompany.com"
Dear NewsMax Reader:
Please find below a special message from our sponsor, James Davidson,
Editor of Outside the Box. He has some important information to share
with you.
Thank you.
NewsMax.com
"An Oilfield in the Placenta"
May 2007
New Discovery Lets You Make A Fortune Without Ethical Controversy With
Stem Cells From Umbilical Cord Blood
Why you could pocket 30 times more profit from an obscure Israeli
biotech discovery than from a 40 billion barrel oil find at Prudhoe
Bay…
By James Dale Davidson
If you have shied away from profiting from the immense promise of stem
cells to treat disease because of moral concern over extracting stem
cells from fetal tissue, pay close attention. You can now invest with
a clear conscience. An Israeli entrepreneur, Zami Aberman, has
discovered, "an oilfield in the placenta." His little company,
Pluristem Life Systems (OTCBB: PLRS) has made a discovery which is
potentially more valuable than Prudhoe Bay.
Sounds crazy, right? Not really. The exciting news is that you may be
able to make more money from Pluristem's "placental blood" stem cell discovery than you could have made four decades ago from ARCO's
discovery of a vast, untapped oil basin in Alaska's remote Prudhoe
Bay..
Buy Pluristem (PLRS.OB) now, and profit from the stem cell revolution.
Sincerely,
James Davidson
--------------------------------------------------------------------------------
BUILD YOUR FORTUNE FROM HIGH GROWTH, MICRO-CAP COMPANIES. SUBSCRIBE TO
OUTSIDE THE BOX: Unconventional Thinking for Unconventional Profits
(Subscription coupon)
"YES" I am determined to create my own bull market by realizing the
profit potential of undiscovered, micro cap stocks.
Mail to: Outside the Box
108 N. Alfred Street, Suite 200
Alexandria, Virginia 22314
(Note the address given above for James Dale Davidson's illegal 'pump and dump' of Pluristem with his far right Israeli colleagues(and Frank Carlucci of Carlyle and CIA fame) with intent to defraud his fellow Americans is his and Steve Forbes' et.al.'s
National Taxpayers Union office a few blocks from SEC Chairman Christopher Cox's office !Also Davidson uses his right wing Fox News connected newsmax that is funded by such penny stock frauds as Genemax that started NAANSS and the very 'naked short selling' lie that his old Reagan-Bush regime ally Chris Cox now as head of the SEC uses to distract defrauded investors from Fannie Mae's and other mortgage
stock pumps and dumps and illegal U.S.stock manipulations by offshore
entities such as LOM of Bermuda !)
..................
In truth if we had real business journalists rather than Steve Forbes',
Rupert Murdoch's,Bloomberg's paid hacks who dominate business and other
'news' - Christopher Cox ex Republican Orange County Congressman
whose Latham and Watkins law firm represented Enron in California and
who lied about WMDs in Iraq and covered up the Reagan-Bush China
deals that
http://www.consortiumnews.com/2005/060805.html
The Cox Report's 'Dirty Little Secret'
George W. Bush's nominee to oversee Wall Street produced a
congressional report in 1999 that laid the principal blame for China's
alleged theft of nuclear secrets on the Clinton administration when
the primary rupture of secrets actually could be traced to the
Reagan-Bush administration of the 1980s.
Is the Bush Administration Trying to Take Down Fannie Mae?
By Scott Thill, AlterNet. Posted January 28, 2008.
The government-backed lender is embroiled in a murky battle.
"I love my grandfather," CNN chatterhead Glenn Beck complained on his
eponymous show, "but I just want to slap him across the face for
liking FDR. I think that was one evil son of a bitch."
Beck's complaint was echoed by his guest for the segment, supply-side
economist Stephen Moore, one-time president of the Club for Growth,
fellow at think tanks like the Cato Institute and Heritage Foundation,
author of Bullish on Bush and now a Rupert Murdoch employee on the
Wall Street Journal's editorial board. Together, they tag-teamed the
history books so hard on Roosevelt and the New Deal that one could
have been forgiven for forgetting that the four-time president's
policies not only carried America through the Great Depression, but
defeated both Hitler and Mussolini to score a geopolitical hat trick.
In Beck and Moore's rhetorical attacks, FDR comes out looking like the
very fascists he defeated, one who actually lengthened the Great
Depression in an attempt to "nationalize," as Beck asserted,
everything in sight and screw honest, hard-working businessmen out of
their deserved paydays.
Of course, Moore and Beck are not alone: Naomi Klein's stunning The
Shock Doctrine, a deeply researched and scathing condemnation of
Milton Friedman's free-market ideology (and ideologues), catalogs
neoconservative attempts over the last several decades to unwind
everything FDR's New Deal has accomplished. Taken together, the
attacks on FDR share one major goal: To privatize what is left of the
New Deal and undermine its programs to help the poor and unlucky of
the United States navigate their way into the middle class.
The Federal National Mortgage Association (FNMA), more commonly known
by its portmanteau nickname Fannie Mae, is one such government entity
created by the New Deal, initially to inject liquidity -- or cold,
hard cash -- into the mortgage market. That is, until 1968, when it
was converted into a private corporation that ceased to guarantee
loans made by the government. Since then, it has existed in a nebulous
state otherwise known as a government-sponsored entity (GSE), like its
smaller GSE-in-arms Freddie Mac, which also buys and pools loans on
the secondary market to package them into mortgage-backed securities
for sale to investors on the open market. Even though Fannie and
Freddie receive no
........................
http://seattlepi.nwsource.com/business/385786_fbi31.html
Bush administration denies funding for FBI probe of mortgage mess
by Seattle Post-Intelligencer
01 Nov 2008
The Bush administration is rejecting FBI pleas for more agents to
investigate crimes that helped trigger the global financial meltdown,
bureau sources said this week.
Many more agents needed, official says
Friday, October 31, 2008
Last updated 2:54 p.m. PT
By PAUL SHUKOVSKY AND DANIEL LATHROP
P-I REPORTERS
......................
SCHWAB,VFIN AND LOM FROM THE ROYAL GAZETTE OF BERMUDA,2004
http://www.royalgazette.com/siftology.royalgazette/Article/article.jsp?s...
Clients stood to benefit from suspect stock sales � claim
Published: November 3. 2004 12:00AM
--------------------------------------------------------------------
LOM Logo Scott Lines, Donald Lines and Brian Lines
Clients of investment firm Lines Overseas Management stood to profit
from the alleged manipulation of a penny stock now under investigation
by the US Securities and Exchange Commission, according to a court
filing.
The SEC filing, first reported on yesterday by Miami-based newsletter
Inside Bermuda, said the clients bought a total of 100,000 shares in
Sedona Software Solutions from ICH Investments, a firm the SEC alleges
is controlled by LOM principals Scott and Brian Lines.
The clients, who included directors such as company lawyer Graham
Collis and Susan Wilson, senior employees like CFO Malcolm Moseley,
and relatives of the Lines brothers, bought the shares for $4 a share
on January 21, 2003 when the market price for the shares was $9.
In addition the SEC filing alleged that Scott Lines, the chief
executive officer of LOM, and Brian Lines, the firm's president, also
profited from the sales.
"Even though Brian and Scott Lines sold these shares for $4 per share,
they still profited from these sales because they had purchased the
Sedona shares for approximately seven cents per share," the SEC filing
said.
The filing alleged that the sale of the shares took place four days
after Sedona's stock price had been boosted by the issuance of a Press
release which the regulator claims was misleading in that it did not
disclose LOM's involvement with the buyer and seller in a merger deal.
By the time the SEC temporarily suspended trading of Sedona shares for
suspected stock manipulation eight days later, LOM's clients had sold
13,000 of the Sedona shares "into the US market for a profit" even
though their stock was "apparently restricted" and "could not be sold
over US markets for at least one year and, even then, under certain
restrictions", the filing said.
Inside Bermuda reported: "Those who did not sell prior to the
suspension of trading avoided potential losses from the subsequent
collapse of the stock price when, according to the SEC, LOM cancelled
the transfers of shares from the ICH account."
LOM vice president of compliance Scott Hill said the company could not
comment on the SEC allegations because it was pending before the
courts.
"The information contained in the KYC News article was taken from the
SEC's last court filings in advance of the subpoena enforcement
hearing now scheduled for December 10," he said.
"Because this matter is pending in the courts, we are unable to
comment on the specific allegations at this time. However we look
forward to getting into court and having the SEC's allegations
reviewed by a federal judge where all the facts can be considered."
According to an exhibit filed by the SEC at the US District Court for
the District of Columbia on October 13, the purchasers of the
discounted shares included Daisy Alexandra Lines, Francesca Elizabeth
Lines, Sharon Lines, representing Nicholas Lines and Ben Lines, who
are both minors; Graham Collis, Susan Wilson, Graham Redford, Kevin
Winter, Kevin Christopher Way, Dave McNay, Ian Brown, Stuart M. Smith,
Malcolm Moseley, Kim Moseley, Robert L. Moore, Bente Ahern,
Christopher Maurice White, John Cook, Derek Lee, Constanzo Di Meglio,
James Parris, Sharon Parris, James Parris Jr., Don Petkau, Derricka
Brangman, Richard Paynter, Debra-Ann Paynter, Bermuda Overseas
Investors Limited, First Edinburgh Securities, Clover Capital
Corporation, Quindone Investments Ltd., Bart Holdings Ltd., Bably
Ltd., Median Ltd., and Gigco Holdings Ltd.
Inside Bermuda said most of those identified in the exhibit bought
between 500 and 2,000 of the discounted shares, although some
purchased more, including Constanzo Di Meglio, who works for Bermuda's
Little Venice restaurant chain, who allegedly received 5,000 shares.
Mr. Collis, a partner with Bermuda's biggest law firm, Conyers, Dill &
Pearman, and a director of LOM (Holdings) Ltd., received 1,500 shares.
Mrs. Wilson, who is chief executive officer of Masters Ltd. and who is
also head of LOM's Audit Committee, received 1,000 shares, according
to the SEC.
Mr. Collis did not respond to questions emailed to him by Inside
Bermuda asking about his alleged acquisition.
According to the SEC's Washington DC branch chief, attorney Michael
Ungar, ICH Investments Ltd. � whose alleged nominal head was Kevin Way
� was one of several companies that acted as nominees for Scott Lines,
Brian Lines and/or LOM customers. Others included Gateway Research
Management Group Limited and SKN Holdings Ltd. (both allegedly
nominally headed by Kevin Winter); Clyde Resources Ltd. (Graham
Redford), Warwick Ventures Ltd. (Stuart Smith), Iguana Investments
Ltd. and Nottinghill Resources Ltd. (both Richard King), Consensus
Investments Ltd. (Eric Collins), and Aberdeen Holdings Ltd. (Michael
Heslop).
Nominees for the Lines brothers were compensated by receiving stock at
a steep discount to its trading price, according to the SEC. Promoters
were also compensated with shares, plus cash, to promote penny stocks
associated with LOM and/or two of its clients, James Curtis and Todd
Peever, it was alleged.
Two of the compensated "touters" were identified as Intrepid Investor,
which has a mailing list of "almost one million people", and OTC
Journal, which has "over one million subscribers".
Details of the alleged discounted sales to privileged insiders and
alleged compensation to stock promoters were disclosed in court
filings by the SEC during October as it seeks to force LOM and Scott
Lines to comply with four subpoenas for records and testimony
concerning two separate investigations into alleged securities fraud
involving Sedona Software Solutions Inc. and SHEP Technologies Inc.,
both of Vancouver, Canada, and HiEnergy Technologies Inc., of Irvine,
California.
LOM and Mr. Lines contend that the United States does not have
jurisdiction over them and that they are prohibited from disclosing
some of the information being sought due to secrecy provisions of laws
in Bermuda, the Bahamas and the Cayman Islands, where LOM has offices.
As part of an attempt to establish that LOM has sufficient ties to the
United States to meet jurisdictional requirements, Ungar claimed that
LOM executed substantial volumes of trades with the US operations of
vFinance Investments Inc., Schwab Capital Markets LLC, and Sterne,
Agee Capital Markets and also did business with CIBC Mellon Securities
Trust Company, in New York.
"The volume of LOM's US trading, whether on behalf of its customers or
its own accounts, is staggering," stated Mr. Ungar. "For example, in
LOM's account at Schwab, during a two-week period in 2003 � the same
year in which the SHEP and Sedona transactions in question occurred �
LOM bought or sold, on over 4,000 different occasions, a total of 151
million shares of US securities traded over various US securities
markets."
The trader at Florida-based vFinance who was in charge of LOM's
account testified that "LOM's trading over the US markets was more
than the trading of most US regional banks" and that he "either
accumulated or liquidated millions of shares a day for them", stated
Mr. Ungar.
In arguing that it was prohibited by offshore secrecy laws from
disclosing certain information to the SEC, LOM had submitted
declarations from attorneys Paul Smith, of Conyers, Dill & Pearman, in
Bermuda; Michael Paton, of Lennox Paton, in the Bahamas; and Richard
Fear, of Charles Adams, Ritchie & Duckworth, in the Cayman Islands.
The SEC countered these arguments by submitting declarations from
attorneys Dennis Dwyer, of Wakefield Quin, in Bermuda; Emanuel
Alexiou, of Alexiou Knowles & Co., in the Bahamas; and Charles Quin,
of Quin & Hampson, in Cayman, who each stated there were legal
gateways available that allowed compliance with such subpoenas if
those served with them actually wanted to comply.
LOM had also claimed that it was prevented � upon pain of criminal
punishment � from turning over telephone records to the SEC but Mr.
Dwyer declared that the provision of Bermuda's Telecommunications Act
that LOM cited only applied to "the interception of telephone
conversations".
The Act "provides exceptions for telephone conversations maintained
for quality control purposes" and "disclosure of confidential
information is permitted on the grounds of public interest", stated
Mr. Dwyer.
The current action at the US District Court for the District of
Columbia was initiated on June 10, 2004 when the SEC filed an
application for an order to show cause why LOM and Scott Lines should
not be ordered to comply with its subpoenas. The court has
re-scheduled a hearing to determine the issues of the case for
December 10, 2004.
LOM said it yesterday filed a supplemental declaration with the court on behalf of Scott Lines responding to an SEC affidavit alleging that Scott Lines was "not truthful" in a declaration filed with the court,and that he did not leave Miami until April 21 as opposed to April 20 as noted in his initial declaration.
LOM said the supplemental declaration refutes the SEC claim and
confirms that he did in fact leave Miami on April 20.
"They are bogged down big-time or there would be some indictments by
now," said a recently retired bureau official who played a pivotal
role in setting FBI policy after
9/11.
............
Cox on naked short selling:
http://www.youtube.com/watch?v=50dp5YvEbrQ
...............
Fannie Mae:Congessman Barney Frank Goes Down On Moses,Tim Mahoney
Pimps Mistress,SEC Chris Cox Cries 'Naked Shorts'
http://indymedia.us/en/2008/10/34373.shtml
SEC,Fannie Mae,Freddie Mac,'Naked Shorting' Lie:John McCain, Chris
Cox,James Dale Davidson Massive Stock Fraud
www.londonontario.indymedia.org/
First U.S.Government Censored 9/11 Al Qaeda Video:Fox News' War Porn
Star Jack Idema Tortures In Afghanistan
www.stlimc.org/newswire2008/first-usgovernment-censored-911-al-qa...
Nazi Pope Benedict XVI,Sarah Palin's UnWed Pregnant Teenager,Nancy
Pelosi's Papal Smear
indymedia.us/en/2008/09/33568.shtml
9/11,Dem VP Joe Biden,Hunter Biden's Paradigm and Israeli Delaware
Corp ICTS International
israel.indymedia.org/newswire/display/9534/index.php
Swissair 111 Crash,Israeli PM Ehud Olmert,Morris Talansky and AIPAC
Attorney Neal Sher Cover Up
phillyimc.org/en/node/72866
Gremach Infrastructure's Google India Attack,Mozambique Coal Baron Squalor
www.indymedia.org.uk/en/2008/08/407213.html
Campbell White's Jonathan Heimberg - Pseudo Christian ?, Judeo Fascist ?,CIA ?
www.la.indymedia.org/news/2008/08/219406.php
India Bombing,Ken Haywood,Campbell White,Door Ministries,Christian
Fellowship Ministries
www.londonontario.indymedia.org/
Yahoo!,India Bombing: Campbell White Computer and Strange Fox
News-Frank Luntz Connection
www.la.indymedia.org/news/2008/07/219163.php
Yahoo!'s China,U.S. Government Agents Jerry Yang,Carl Icahn,Missing
White House E-Mail,Adnan Khashoggi, GenesisIntermedia Stock Fraud,
Terrorism
www.manila.indymedia.org/en/2008/07/782.html
Fox News: Greg Gutfeld,Adolf Hitler's Jewish Relative,Defends New
Yorker Barack Obama Hit Piece
www.rochester.indymedia.org/newswire/display/21580/index.php
Israeli Foreign Agent Sharon Tzur, Media Watch International,PM Ehud
Olmert,Rudy Giuliani,Morris Talansky Bribery,Fraud
www.phillyimc.org/en/node/71228
CNN,Wolf Blitzer Cover Up Helped Ehud Olmert To Israeli PM Office
www.la.indymedia.org/news/2008/07/218752.php
9/11:While Boston Slept,Logan Airport,ICTS International,Israeli PM
Ehud Olmert's Money Launderer Menachem Atzmon Looked On......
9/11:Bush,Kuwaiti,Israeli Involvement Documented In Securities
Exchange Commission Filings
www.la.indymedia.org/news/2008/06/218648.php
W Bush,Chabad-Lubavitch,Rubashkin's Agriprocessors: Kosher Guns,Drugs,
Ilegal Rabbis,Guatemala Wage Slaves
www.stlimc.org/newswire2008/w-bushchabadlubavitc...9s-ag
WeCu,9/11:U.S.Homeland Security Secretary Michael Chertoff Promotes
Israeli 'Security' Fraud
www.indymedia.org.nz/newswire/display/75525/index.php
Israel PM Ehud Olmert,Menachem Atzmon,ICTS International,Morris
Talansky Global Technologies, U.S.Stock Money Launderers, WTC,
9/11/01,SwissAir 111,9/2/98
www.indymedia.us/en/2008/05/31513.shtml
UK Robert Wishart London Money Laundering,SEC's,Georgetown
University's, John Polise,U.S.Penny Stock Fraud
www.londonontario.indymedia.org/
SEC Inspector General H. David Kotz:Peace Corp'S Dayton Daily News
Critic,,Friend To Fraud
www.houston.indymedia.org/news/2008/04/63476.php
California Attorney Francis Pizzulli,Robert F Kennedy
Assassination,Afghhan Torture and Penny Stock Fraud,Money Laundering
www.londonontario.indymedia.org/
University of California Berkeley Grads James Angel,Joshua Ridless
Join SEC Chris Cox's 'Fraud Speech Movement'
www.milwaukee.indymedia.org/en/2008/03/209350.shtml
Israeli Prime Minister Ehud Olmert's Air Water Corp stock fraud
promotes pedophilia
www.columbus.indymedia.org/node/13382 Israeli Prime Minister
Ehud Olmert,'Orthodox Jews',Stock Fraud,Gay Prostitutes and Death
Threats
www.londonontario.indymedia.org/
Community Bank Northern Virginia's David P. Summers Also Texas
Endovasc Penny Stock Fraudster
www.richmond.indymedia.org/newswire/display/1432...x.php
Titan Corp's Makram Chams Suspends U.S. Constitution
www.indymedia.org.uk/en/2008/01/390122.htmlForbes on
Wikipedia:Gary Weiss 'Edits' James Dale Davidson's and His Own
Biography
www.stlimc.org/newswire/display/4040/index.php
Mitt Romney,CIA James Woolsey:Fox News' Islamofascist Ijaz Mansoor's
Advice Killed WSJ Reporter Daniel Pearl
www.indymedia.org.uk/en/2007/12/386838.html
Northern Rock, GB:Republican 'Libertarian' Ron Paul Lies About 'Naked
Short Selling'
www.indybay.org/newsitems/2007/11/21/18462713.php
EU,Mexico,CIA,Guantanamo Rendition Plane, Cocaine, Homeland 'Security'
www.phillyimc.org/or/2007/11/43320.shtml
Ambassador Marc Ginsberg,Fox News,Xybernaut Israeli U.S. Penny Stock Fraud
www.indymedia.org.uk/en/2007/10/384481.htmlCalif...ornia
Scheming:Rudy Giuliani,Paul Singer, Vulture Funds Africa,Adnan
Khashoggi,W Bush
www.houston.indymedia.org/news/2007/10/61645.php
9/11,WTC,Tanya Head,Rudy Giuliani,Adnan Khashoggi,Bernie Kerik, Naked
Securities Fraud
www.la.indymedia.org/news/2007/09/207929.php
9/11:CIA,Daily Kos,Jerome Arnstrong,Markos Moulitsas Zúniga,ICTS
Israel, Securacom Kuwait,ragingbull Fraud
www.houston.indymedia.org/news/2007/09/61381.php
Utah Governor Jon Huntsman Jr.,Securities Fraud,Stormy Simon
Striptease and Bloody Murder
www.la.indymedia.org/news/2007/09/206849.php
Samaritan Pharmaceuticals,a Georgetown University Penny Stock Fraud
www.portland.indymedia.org/en/2007/08/363198.shtml
Pluristem Placentas,James Dale Davidson,Leumi Bank Israel Holocaust
Victims,U.S.Penny Stock Fraud
www.israel.indymedia.org/newswire/display/7200/i...x.php
WTC,9/11,Logan Airport, Boston:Israeli ICTS 'Security':
Barney Frank,Ted Kennedy, John F. Kerry Face Psych Crisis
www.arkansas.indymedia.org/newswire/display/2104...x.php
Reuters on Security Exchange Commission Chairman Christopher Cox's
Terrorist List
www.portland.indymedia.org/en/2007/07/361996.shtml
Boston Logan Airport,9/11,WTC,Barney Frank,SEC,Israeli Penny Stock
Scam and Bloody Murder
www.austin.indymedia.org/newswire/display/35916/...x.php
Max Keiser ,Al Jazeera,Qatar promote Naked U.S. Penny Stock Fraud
www.indymedia.org.uk/en/2007/06/373856.htmlSEC'S
Christopher'WMDS'Cox:Georgetown University James Angel Pimps Pink
Sheet Penny Stock
www.portland.indymedia.org/en/2007/05/360325.shtml
Ex U.S. Treasury Secretary John Snow,Michael Moore, Cerberus,Bawag
Austria and Cuba
www.portland.indymedia.org/en/2007/05/359319.shtml
Charles Schwab,Mantas 'AML':Did The CIA's SRA International Eat George
W Bush's E-mail ?
www.indybay.org/newsitems/2007/04/28/18406278.php
U.S. Ambassador Sam Fox:From Swift Boat War Fraud to Brussels,Belgium
SWIFT Finance Fraud
www.portland.indymedia.org/en/2007/04/357306.shtml
Israeli pResident Moshe Katsav's Penny Stock Partner Michael Zwebner
loses in U.S. Court
www.melbourne.indymedia.org/news/2007/03/142021.php
Cryptometrics:New Zealand Passport Office Used By U.S. Penny Stock Criminals ?
www.indymedia.org.uk/en/2007/02/362828.html
David Grin,Tel Aviv
University,Laurus Capital Management and Union Bank of Israel
www.israel.indymedia.org/newswire/display/6079/i...x.php
FOIA,Alberto Gonzales and SEC'S Chris Cox Enron,Merrill Lynch,Latham &
Watkins conflict
www.cleveland.indymedia.org/news/2007/01/24225.php
Tim Mahoney,vFinance,Venus Methodist Church,Florida,Sayed MusMustafa and
Islamic Usury
www.maritimes.indymedia.org/news/2006/12/15025.php
Charles Schwab:vFinance's Charles Patrick Garcia receives Henry B.
Gonzalez award !?
www.indybay.org/newsitems/2006/12/24/18340307.php
Democrats William Jefferson,Tim Mahoney, iGate,vFinance,DOBI, Endovasc
penny stock frauds
www.ntimc.org/newswire.php
James Dale Davidson,Charles Schwab,Tim Mahoney,VFIN, LOM and penny
stock share money laundering
www.phillyimc.org/en/2006/12/34919.shtml
Ireland Indymedia bans criticism of Lord Rees Mogg,James Dale Davidson
www.southafrica.indymedia.org/news/2006/11/11701.php
Post to Lord Rees-Mogg's Weblog re NASDAQ,London Stock Exchange
www.posting.beirut.indymedia.org/ar/2006/11/5982...shtml
Virginia:Marvin Bush,Securacom,9/11,U.S. Senator George Allen,Bawag
Austria,offshores...
www.southafrica.indymedia.org/news/2006/10/11458.php
U.S. Republican George Allen More Corrupt Than Utah Senators Bob
Bennett,Orrin Hatch ?
www.southafrica.indymedia.org/news/2006/10/11391.php
Asa Hutchinson,Charlie Crist,Jeb Bush,Republican stock fraud and drug
trafficking,etc....
www.houston.indymedia.org/news/2006/10/52801.php
Why did Osama bin Laden choose Jeb Bush's Huffman Aviation terrorist
flight school ?
www.austin.indymedia.org/newswire/display/34636/...x.php
Senator Bennett :Is Patrick Byrne's NCANS a Fraud ?
www.utah.indymedia.org/news/2005/10/11883_commen...t.php
Utah Gov Jon Huntsman,Senator Bennett, Hatch call Republican Senator
Shelby 'a gangster'
www.la.indymedia.org/news/2006/09/179748.php
Does NY Times censor 9/11 Venice,Florida connection ?
www.utah.indymedia.org/news/2006/05/14058.php
NY Rep.Peter King,CIA,Swift,NY Times,Republican stock fraud
www.utah.indymedia.org/news/2006/06/15693_commen...t.php
NY WTC 'protected' by Kuwaiti company and Marvin Bush on 9/11
www.dc.indymedia.org/newswire/display/132705/ind...x.php
Asa Hutchinson,Richard Rainwater,George W Bush,Tom DeLay & 5.6 Ton
cocaine bust in Mexico
www.arkansas.indymedia.org/newswire/display/1987...x.php
SEC,Schwab,Chris Cox,Hillary Clinton & Barbara Boxer Aid CIA'S
In-Q-Tel penny stock fraud
www.indybay.org/newsitems/2006/05/22/18246601.php
Senator Bennett :Is Patrick Byrne's NCANS a Fraud ?
www.utah.indymedia.org/news/2005/10/11883_commen...t.php
Cocaina,Ciudad Del Carmen,Campeche, Abril 10,CIA,Republicanos Y PAN
www.la.indymedia.org/news/2006/07/167389.php
Did Israel President Moshe Katsav aid Muslim Terrorism or only fraud ?
www.sbindymedia.org/newswire/display/3226/index.php
Israel: Gal Lusky's 'IFA' Caught Up in Moshe Katsav,Mohamed Hadid,
Zwebner 'UCSY' scam ?
www.chapelhill.indymedia.org/news/2006/03/19255.php
Israel President Moshe Katsav aids massive penny stock fraud
www.israel.indymedia.org/newswire/display/4195/index.php
Did Israel President Moshe Katzav aid Muslim Terrorism or only fraud ?
www.ntimc.org/newswire.php
SEC,Schwab,Chris Cox,Hillary Clinton & Barbara Boxer Aid CIA'S
In-Q-Tel penny stock fraud
www.indybay.org/news/2006/05/1824660.php
Chris Cox,SEC,Makram Majid Chams,Titan Corp,9/11,Abhu Ghraib,etc.
www.maineindymedia.org/newswire/display/3952/index.php
SEC Covers Up UAE Money Laundering with U.S. Stocks
www.ucimc.org/newswire/display/112399/index.php
Time Magazine, Daniel Kadlec duped by Houston attorneys Wes Christian
and John O'Quinn
www.cleveland.indymedia.org/news/2005/11/17786.phpJohn Reed Stark
UAE,SEC,Georgetown University Stock fraud Academic
fraud Cyber fraud
www.maritimes.indymedia.org/news/2006/03/12190.phpDoes NSA Serve SRA
International's 'Cookies' ?
www.india.indymedia.org/en/2005/12/211284.shtml
Porter Goss: CIA Cyber and stock fraud ops damaged by leaks ?
www.news.com.com/5208-1028-0.html;
D.C.Terrorbaggers:James Dale Davidson,Don Nickles, ex-CIA Chief
Woolsey,Asa Hutchinson,Tom McMillen
www.okimc.org/newswire.php
Asa Hutchinson,ex Congressman Tom McMillen, Fortress America,offshore
money laundering
www.cleveland.indymedia.org/news/2006/03/19034.phpTo
CIA,In-Q-Tel,Amit Yoran re SRA International, Mantas Inc stock fraud
money laundering
www.maritimes.indymedia.org/news/2006/02/11841.php
Mantas Inc,Herndon,Va,Pro-Money Laundering Arm of International
Bankers,Brokers...
www.ftaaimc.org/en/2005/12 /7186.shtml
CIA and Gilman Louie are
less than honest
www.news.com.com/5208-1082-0.html
Charles Schwab and Share-Money Laundering
www.indybay.org/newsitems/2005/06/12/17471071.ph
................
Cocaina,UE,Mexico,CIA,Avion De Rendicion,Estados Unidos Departamento
de'Homeland Security'
madrid.indymedia.org/newswire/display/8690/index.php
Papa Benedicto,Erroneas Concepciones En Cuanto A La Concepcion Y La
Historia De La Ciencia
www.argentina.indymedia.org/news/2008/09/623966.php
Jerry Weller,Rios Montt,Bancafe Guatemala, Bawag Austria,Refco y
'Acciones de Centavos'
www.pr.indymedia.org/news/2006/11/19627.php
Cocaína,Ciudad Del Carmen, Campeche, Abril 10:¿CIA,Republicanos Y PAN?
www.sandiego.indymedia.org/en/2006/07/116562.shtml



Comments
James Dale Davidson reappears on Agora Inc's Bill Bonner's Lord
Below a 2005 email to me from Agora Inc's Porter Stansberry,known liar and penny stock promoter the U.S.SEC allows to operate over the internet
as it does the rest of the Agora Inc penny stock criminals of James Dale Davidson,Bill Bonner and the UK con artist Lord William Rees-Mogg.They are theinventors of the fraudulent 'naked short selling' claim a documented above.Agora Inc of Baltimore,Maryland and its scam websites including thedailyreckoning operate their fraudulent financial advise websites around the world including Australia,UK,Ireland,South Africa,
etc.,etc. and use stock markets around the world to manipulate and pump and dump stocks from.The fact that the Lard Rees-Mogg is so connected to the Queen makes one suspicious of any connections he may have to George Soros who also appears to work for the British royals as well as being financier to the Democrats of the US..
Idecided to post this old email communication between Stansberry and myself as well as a portion of the covered up SEC litigation in Utah
against him and James Dale Davidson and Agora Inc
to document how easily they all lie at Agora Inc.. But then again that's their 'business'.To lie cheat and defraud and con others into their manipulated 'investments'.And they have te whole U.S. government and its SEC and iut would appear the ecadent British government and royals to hide behind as well.Yes even Middle Eastern allies.As you will see Davidson's partner in fraud Porter Stansberry - with both named by the SEC in the Endovasc and Genemax pumps and dumps which may well have been the first to fraudulently claim(as SEC Chairman Chris Cox does now in regards to trillion dollar Fannie Mae pump and dump!) that their pumped and dumped shares were instead 'naked shorted' denies Davidson is with the penny stock 'holding company' in 2005.
He,Stansbery say to me,'Frankly, I have serious doubts about his integrity and honesty and I
was glad when Agora decided to stop publishing his newsletter.''
And of course both Davidson and SEC Chair Cox were part of Regan-Bush regime and Davidson's and Steve Forbes' National Taxpayers Union is like the main SEC office located in Alexandria,Virginia
so they know each other and they know the fraud they are committing !
Anyway you will see below all this the most recent fraudulent drivel from Bill Bonner and his introduction of Jim or James Dale Davidson while he makes his rascist half black man comments about Barrack Obama and pretends that the folks of Agora Inc are above rather than a part possibly a big part of the economic fraud perpetrated upon Americans and the world for decades !
If Barrack Obama and Joseph Biden don't investigate Cox and Davidson and the Lard William Rees-Mogg AND THEIR FRAUDULENT AND MADE UP 'NAKED SHORT SELLING' CLAIM TO MASK MASSIVE STOCK MANIPULATION AND BRING CHARGES AGAINST THEM THEN WE KNOW HE IS BOUGHT OFF AS WELL.Maybe Barrack and Biden can have their own Cayman or other offshore account to take in their loot or bribes from this international stock market money laundering conspiracy and in this case conspiracy is not too big a word or description.
If the U.S. SEC wasn't a sick joke the promises of turning $500 in millions of dollars in a month mixed in with Bill Bonner's rascist remarks and James Dale Davidson's hypocritical lecture on credit cards would be enough to put those boys away in jail for a long time.But they are not like you and me.The even have Rupert Murdoch's paid hack Australian 'reporter' Terry McCrann writing to the U.S. SEC claiming Australian stocks are being 'naked shorted' rather than being manipulated by international criminals such as the boys of Agora Inc who have dealt in mortgage scams in California probably dumped and manipulated Fannie Mae in collusioin with other well heeled offshore account holders and evn with Rupert Murdoch another British royal connected scumbag owns the Wall Street Journal and his Fox News is a promoter of newsmax part of the far right Davidson Rees-Mogg internet psyops and penny stock fraud machine !Hopefully only the senile of the far right view newsmax and they rip off mainly the most vulnerable of his own kind on that site. But note as I posted above newsmax that has been mainly a pro W Bush pro war propaganda machine has used its site(that Fox promotes as a creible internet news site),to tout
the Israeli connected U.S. penny stock fraud Pluristem..They should all be arrested including Leumi Bank of Israel that helps in that fraud !
And Leumi still refuses to pay Holocaust victims hoping they'll all die off soon and leave the money in their bank.And while still mainly Jewish and Israeli owned Leumi is at least 10% owned by Cerberus hedge fund of Jewish American Stephen Feinberg and ex U.S. Treasury Secretary John Snow
and daddy Bush old VP Dan Quayle and Haliburton's and Dick Cheney's Kellogg,Brown and Root criminals.They also own Chrysler,Bawag Bank of Australia that has aided many U.S. penny stock money launderiung operations with the criminals of Chicago's Refco over the years and many other interests paid for by their criminal ties to W Bush and his largesse in giving them money to deliver(unsuccessfully)ice to New Orleans' Katrina hurricane victims and deliver medical and rehabilitation services(unsuccessfully)to wounded American Iraq and Afghan war vets at Walter Reed Medical ! So Davidson and Agora Inc and they are all connected......And they need to be dismantled and prosecuted or Obama is himself a crook and failure.We'll see...They are dangerous to any honest political system.
- Tony Ryals:
----- Original Message -----
From: "Porter Stansberry"
To: endoscam (at) lycos.com
Subject: Jim Davidson
Date: Mon, 31 Oct 2005 20:06:22 -0600
Tony --
A friend recently emailed me a copy of your online tirade against JD.
I don't know what he did to you...though I can imagine...
But, your presumption that I am an associate of Jim's is entirely
false. It is true that Jim was a founder of Agora in the late 1970s.
But he quickly sold the majority of his interest to Bill Bonner. Jim
has no ownership stake in Agora and Agora no longer publishes his
newsletter. While Jim used to be an editor, he was never a colleague
of mine; we worked in totally separate divisions, which were owned and
managed as completely separate business units. In fact, since I have
been part of Agora (1996) I've never worked on any project or had any
involvement whatsoever in of Jim's publications or business ventures.
Frankly, I have serious doubts about his integrity and honesty and I
was glad when Agora decided to stop publishing his newsletter.
If you would like to know more about Agora (which is a large holding
company with many operating groups, one of which I control) or more
about the SEC case I am involved with (which has nothing to do with
short selling or pumping and dumping) I would be happy to meet with
you in my office in Baltimore.
Regards,
Porter
Porter,
Which 'online tirade' re Davidson ? There's more than one and no end
in sight.Also weren't you and William Bonner at this right wing
'FreedomFest' with Davidson as recently as 2004 and wasn't John
Berthould of Davidson's Naional Taxpayers Union in attendence as the
pr claims ? When did you decide to distance yourself from Davidson ?
And why did Agora Inc. and Bill Bonner allow Davidson to promote
himself as the founder all these years if it weren't so? AND IF SO WHY
DOES BONNER THEN ALLEGE HE WAS THE FOUNDER ?Sounds like just more
Agora Inc.fraud to me combined with a fraudulent cover up.
Also I noted your stansberryresearch was claiming,or greatly
insinuating,Lard Patrick Byrne's Overstock.con was a victim of 'naked
shorting',just as,coincidentally,the ncans.net fraud website did. I
believe James,'skkkum of the world',Dale Davidson is behind NCANS as
well..At least I think any number of plagiarism experts would agree
with me that it is more than a coincidence that NCANS has so much in
common with NAANSS that the acronym alone can't be coincidence.Not to
mention the similarities to the fraud that 'you are being naked
shorted so buy certs to protect yourself ' modus operendi to the
fraud.
You and he may not have been taken to task by the SEC for 'naked
shorting,after all Brent Baker now has a cozy job with Byrne and
Overstock.con,but you should have been.It was not only the
fly-by-night fraud internet sight of NAANSS that promoted the supposed
'anti-naked short selling' scam but Agora Inc.did as well,at least
through James Dale Davidson's 'Vantage Point' cyberfraud website.
I guess you know Davidson even has some Daubai related activities and
I suspect he has a relation to Bellador Group of Dubai and Kuala
Lumpur.But Amenni is what I am interested in and anything you might
know about that would be of interest.No wonder Lard Byrne is paranoid
about being connected with terrorists and 'al qaeda'.Too funny if it
weren't so sick and sad.And just how much was Agora Inc. involved with
touting of Ionatron for George 'WMD' Tenet and that little elite pump
and dump used scam salemen dept.of the CIA ? I'm not saying all in the
CIA are bad but he was if he uses it for illegal pump and dump ops and
should be outed.Frauds like that are why we as a country are in so
much trouble right now.
You see I knew nothing about stocks or even internet when I was hooked
up to this mess,never heard of NTU or Davidson either,thank gawd.And I
was only drawn into Davidson 'you're being naked shorted buy a cert'
fraud because I sincerely believed in a Stanford patent and its
medicinal potential.Stanford has recently taken the patent back and
Endovasc or skkkum like DAVIDSON CAN NO LONGER USE IT FOR FRAUD, but
Stanford and Heeschen and Cooke still,in my opinion,have some
explaining to do for allowing the university to get mixed up in what
was obviously an illegal pump and dump and quite possibly an
international money laundering scam.
Doesn't Agoracom advertise in the Washington Post occasionally where
the ncans.net letter appeared on February 8 coincidentally ? Do you
think this would not have been investigated had the authors ',both
'Bob O'Brien' and Lard Patrick Byrne not had Beltway connections ?
Very weird,my country has become the new Mexico in terms of political
corruption thanks to scum like James DALE DAVIDSON,et.al. who
parasitize it.In terms of bloody murderers, we compete quite well with
the worst of them.
So to sum,Bill Bonner and Agora Inc. does have a National Taxpayers
Union connection by way of both James Dale Davidson and John
Berthoud.And although for some reason Davidson is never mentioned on
the NTU website he and you and Bill Bonner were with Berthoud at the
Las Vegas far right 'freedomfest'of 2004,correct ? So you were all
getting along fine and dandy up till then.What went wrong ? Why
doesn't the eloquent Bill Bonner do an article on that and explain
himself and his involvement,past and present, with James Dale Davidson
?
Would you and he like me to send you an article from Davidson and
Agora Inc.s' Vantage Point 'as recently as 2004 where Davidson is
frothing at the mouth about 'naked shorting',just as 'Bob O'Brien' of
ncans.net now does coincidentally ? AND WHY PRAY TELL DID YOUR WEBSITE
VERY RECENTLY INSINUATE THE PATRICK BYRNE'S OF, NCANS AND
OVERSTOCK.CON WAS A VICTIM OF 'NAKED SHORTING' ?
Oh,one other thing of all the penny stocks Agora Inc.and agoracom have
promoted over the years have any of your fine economic analysts there
ever done a review of what these penny pump and dump scams have done
for or to investors who were conned into 'going long' ? Too funny,the
NATIONAL TAXPAYERS UNION' AND ON THE ONE HAND WISHES TO DO AWAY WITH
OR 'PRIVITISE' SOCIAL SECURITY' AND YET COINCIDENTALLY HAS NO QUALMS
ABOUT ALIGNING ITSELF WITH THE SLEEZIEST OF CORRUPT PENNY STOCK
FRAUDSTERS OF WHICH ITS FOUNDER IS ONE,A BIG ONE.
Sincerely,
Tony Ryals
.........................
http://briandeer.com/vaxgen/stansberry-sec.htm
Porter Stansberry, Agora Inc and Pirate Investor "tips" hit by SEC fraud suit
A midnight announcement on February 24 2003 that the candidate HIV
vaccine AidsVax showed no effect in a phase III clinical trial was
long predicted by independent scientists. Inquiries by Brian Deer
during his 1999 Sunday Times investigation of VaxGen, unearthed a
worrying picture, and led to the prosecution of Dr William Heyward,
who as HIV vaccine chief at the Centers for Disease Control and
Prevention cheer-led for VaxGen's technology and arranged federal
grants whilst secretly engaged to join the company
The company also forged another close relationship - with stock
hypester Frank Porter Stansberry. Annotated extracts from Porter
Stansberry material claiming to prove that AidsVax works and
predicting the stock would soar are available at this site. Stansberry
complains this Stansberry protest. Soon after, the US Securities and
Exchange Commission filed the complaint reprduced below, also pointing
to baseless hypes by Frank Porter Stansberry, who is linked with
Vantage Point Investment Advisory, and other operations
DEFENDANTS
12. Agora, Inc. is a Maryland corporation based in Baltimore. Agora
publishes books, magazines, newsletters and operates at least 15
financial web sites in the United States and Europe. Agora's
publications include The Cutting Edge, Penny Stock Advisory, The Red
Zone, Taipan, Rogue Trader, The Flying V Lockup Trader, CSX Trader,
Fleet Street Letter, Options Hotline, Outstanding Investments,
Richebacher Letter, Daily Reckoning Investment Advisory, Carpathia
Letter, Strategic Opportunities, Jim Davidson's Vantage Point
Investing, and the Contrarian Speculator. Agora publications have well
over 21,500 paid subscribers.
13. Pirate Investor, LLC, is a Maryland Limited Liability Company that
runs a financial advisory web site and newsletter, PirateInvestor.com.
Pirate is wholly owned by Agora. Defendant Frank Porter Stansberry is
the editor of PriateInvestor.com.
14. Frank Porter Stansberry, resides in Baltimore, Maryland. He is the
editor of two of Agora's Internet financial newsletters: Porter
Stansberry's Investment Advisory and PirateInvestor.com. Stansberry's
compensation is based in part, on a percentage of the revenues
realized by those on-line publications.
THE FRAUDULENT SCHEME
Marketing the False Inside Information
15. Agora's newsletters, including PirateInvestor.com, claim to be "a
service featuring independent, original and thoughtful research into
the process of wealth creation."
16. Instead, the newsletters contain nothing more than baseless
speculation and outright lies, fabricated to induce investors to pay
Agora (or its subsidiaries) for subscriptions or purported inside
information.
17. The subscribers paid Agora for the alleged insider information
only to later discover that the inside information was false.
18. On or about May 14, 2002, at least 15 of Agora's Internet
newsletters disseminated an e-mail, written by Stansberry promising
quick profits based on inside information. The heading on the e-mail
stated: "DOUBLE YOUR MONEY ON MAY 22ND ON THIS SUPER INSIDER TIP." A
true and correct copy of the May 14, 2002, e-mail is attached hereto
as Exhibit A.
19. The e-mail claimed analysts at PirateInvestor.com had come into
possession of certain details about the pending approval of a major
international agreement that "will create more than $2.5 billion in
profits for one small company." The e-mail identified the issuer as a
company that was involved in the nuclear energy field and would
benefit from the arms reduction treaty between the U.S. and Russia.
20. Stansberry's May 14, 2002, e-mail maintained investors would "make
a fortune" because PirateInvestor.com had a "senior executive inside
the company" as a source for its inside information.
PirateInvestor.com claimed this executive was "definitely in a
position to know the intimate deals of this agreement" and when it
would be approved. Therefore, the e-mail announced that
PirateInvestor.com was in a position to "tell you EXACTLY WHEN the
deal will be finalized and announced to the public."
21. The e-mail encouraged recipients to stake their entire investment
portfolios on this unnamed company and suggested investors would be
able to double their "investment dollar in a single day." Finally, the
e-mail stated PirateInvestor.com "can even tell you exactly which day
to buy (May 21st) and which day to sell (May 23rd). There is nothing
else you have to do."
22. The e-mail did not give the name of the company but indicated it
was listed on the NYSE and offered to sell a full report including the
name of the company to subscribers for $1,000.
The USEC Report Contains False Information.
23. Once the reader purchased the tip for $1,000, the reader received
a report that identified USEC as the company with the impending
contract approval ("USEC report"). A true and correct copy of the USEC
Report is attached hereto as Exhibit B.
24. Agora's web site attributed the May 14, 2002 e-mail and the USEC
report to Jay McDaniels. Jay McDaniels is a pseudonym for Stansberry.
25. The USEC report claimed USEC and Tenex, a Russian governmental
agent corporation, had reached an agreement for Tenex to sell
dismantled nuclear warheads to USEC at a reduced rate under a pricing
agreement.
26. The USEC report indicated that both the U.S. and Russian
governments were required to approve the pricing agreement before it
became effective. The USEC report claims that, based on information
from a company insider, the pricing "agreement will be approved just
prior to the upcoming Bush-Putin Summit." Referring again to the
pricing agreement, the USEC report states that "[a]ll it needs are the
politicians to sign off on the deal" and "according to my source, that
will happen-finally-on May 22nd."
27. Stansberry eventually identified Steven A. Wingfield as the
insider who purportedly provided the inside information regarding the
May 22nd signing date of the arms reduction treaty between U.S. and
Russia. Steven A. Wingfield is USEC's Director of Investor Relations.
28. Stansberry claimed Wingfield told him the U.S. and Russian
governments would approve the agreement between USEC and Tenex on May
22, 2002, the day before the start of the Bush-Putin Summit. Wingfield
made no such statement to Stansberry.
29. Wingfield told Stansberry the same thing he told all analysts who
called the investor relations department at USEC. Stansberry asked
Wingfield about the pending approval of the USEC-Tenex contract by the
U.S. and Russian governments. Wingfield responded to Stansberry, as he
did to all analysts, by saying USEC "expected it would be approved in
the near future."
30. Wingfield did not tell Stansberry, directly or indirectly, that
the pricing agreement with Tenex would be approved by any governmental
entity on May 22, 2002. No one at USEC knew when or if the pricing
agreement would be approved.
31. Stansberry had no basis whatsoever for the claim in the USEC
Report that the approval of the USEC-Tennex contract would occur on
May 22, 2002.
32. The pricing agreement between USEC and Tennex was approved on June
19, 2002. On that date the Department of State and USEC separately
announced approval of the pricing agreement by both the U.S. and
Russian governments.
Market Activity in Response to Agora's False Information
33. From January 2, 2002, through May 13, 2002, trading volume in USEC
common stock averaged approximately 189,000 shares a day at prices
ranging from $5.78 to $7.37 a share.
34. From May 14 through May 23 volume averaged 3,340,138 shares a day
with closing prices ranging from $7.85 a share on May 14 to a high of
$9.98 a share on May 20. There was also a significant increase in the
volume of options trading in USEC stock during this period.
35. On May 22, USEC failed to make the announcement promised by the
Agora e-mails and the USEC report and that day the price of USEC stock
fell from $9.54 to $8.20 a share, a drop of nearly 15%.
Agora's On-going Efforts to Disseminate False Information to the
Investing Public
36. Agora promoted other securities in its newsletters. Even after
Agora became aware of the Commission's investigation, its newsletters
have continued to publish e-mails promoting numerous securities
accompanied by fantastic claims of quick profits or inside
information.
37. For example, Agora publications have touted stocks that it claims
will double or triple in value over the next year. Other Agora
publications claim to provide information that allows an investor to
"turn $10,000 into $114,280 by April 18, 2003."
38. Agora continues to promise its subscribers, "Almost Unbelievable
Profits - 4.5 Times Your Money in 48 Hours."
39. As recently as the first week in April 2003, Agora published
articles making similar claims of exorbitant profits. In each
instance, recipients of the e-mails are offered "free" copies of the
headlined reports if they subscribe to one of the various Agora
newsletters at a cost of from $69 to $1250 a year. The money-making
investments featured in the reports are typically microcap issuers
with cures for cancer or AIDS or a technological breakthrough. Some of
the tips are characterized as being based on "secret" or "inside"
information.
40. In some instances, the individual writing the reports Agora
provides to its subscribers has an undisclosed relationship to the
company being promoted.
41. For example, James Dale Davidson is the editor of Agora's Vantage
Point Investment Advisory, a financial newsletter with a worldwide
circulation. In December 2002 and January 2003, Agora distributed
e-mails written by Davidson to its subscriber base. These e-mails
promote several unnamed microcap issuers and offer to provide reports
naming these issuers if the recipient of the e-mail paid $149 to
subscribe to the Vantage Point newsletter.
42. Among the issuers promoted in this manner have been GeneMax Corp.
and Endovasc Ltd., Inc. Davidson is an officer, director and,
indirectly, a substantial shareholder of these two issuers. Neither
the soliciting e-mail nor the subsequent company report discloses
Davidson's relationship to the companies.
..................................
bill bonner jd davidson from dailyreckoning
BELOW COMMENT ADDRESSED TO to Gary Weiss(Steve Forbes 'naked shorting' investigator who is really a cover up hack 'reporter' (like Australia's and Murdoch's Terry McCrann) for James Dale Davidson's and the Lord William Rees-Mogg's Agora Inc stock fraud and internet fraud machine).:
Read this racist bs from Bill Bonner.And of course still using his
websites and the www to illegally promote frauds.Well illegal if we
really had an SEC......Gary why don't you ask Steve Forbes to front
you $500
so can can take advantage of Steve Forbes' pals offering to help you
turn 'as little as $500 into as much as $14 million...in just one
month.'?
Ha Ha Ha
You should have left what I wrote about Davidson and NAANSS for the
Wikipedia where it was before 'Mantan Moreland' did to what he did
with an honest African American actor's good name.....
http://thedailyreckoning.com/
The U.S. Dollar: From Strength to Weakness
London, England
Wednesday, 5 November 2008
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---------------------
As Dick Tuck put it, after losing a California State Senate election:
"The people have spoken...the bastards."
America's voters spoke yesterday. And they said, "Give us Obama."
And it came to pass that the man called Obama was given unto them.
"America is a place where all things are possible," said the man
himself in his victory speech.
And yes, it is possible for a half-black man to be elected. But no,
all things are not possible. It is not still not possible to get rich
by spending money. Nor is it possible to save a man from too much debt
by giving him more credit. And you still can't trust a politician...or
his money.......
........................
http://thedailyreckoning.com/
The Daily Reckoning PRESENTS: In the day following an historic
election, we take a moment to examine just what an Obama presidency
will mean to the United States – what we have to look forward to, and
how he will deal with our current financial crisis. And according Jim
Davidson, some of the numbers just don't add up. Read on...
PLAYING THE TAX CREDIT CARD
by Jim Davidson
One of Obama's prime campaign planks has been his promise to
mercilessly raise taxes on the "rich," a group initially defined as
those making more than $250,000 per year. This was later dropped to
$200,000 per year, and more recently has been defined as those
Americans making more than $150,000 annually.
Setting aside the precipitous downward slide in the definition of
"rich," there is ample reason to suspect that Obama's tax changes
portend much higher, if not confiscatory taxes on the most productive
Americans. Obama has strongly argued for higher taxes as a way of
employing government to alter the pre-tax distribution of income,
which he believes has concentrated too much of the gains from
productivity in recent years in the hands of the very rich.
He seems to think that the "very rich" are a closed caste of more or
less fixed membership, which changes little from year-to-year. This
figures in his concept of "fairness," which supposes that it is
perfectly just to burden a small fraction of the population with a
majority of the costs of running the Federal government. This was
detailed in a New York Times article on "spreading the wealth" by
David Leonhardt. He wrote of Obama:
"He would then pay for the cuts, at least in part, by raising taxes on
the affluent to a point where they would eventually be slightly higher
than they were under Clinton. For these upper-income families, the Tax
Policy Center's comparisons with McCain are even starker. McCain, by
continuing the basic thrust of Bush's tax policies and adding a few
new wrinkles, would cut taxes for the top 0.1 percent of earners –
those making an average of $9.1 million – by another $190,000 a year,
on top of the Bush reductions. Obama would raise taxes on this top 0.1
percent by an average of $800,000 a year. 'It's hard not to look at
that figure and be a little stunned. It would represent a huge tax
increase on the wealthy families. But it's also worth putting the
number in some context. The bulk of Obama's tax increases on the
wealthy – about $500,000 of that $800,000 – would simply take away
Bush's tax cuts. The remaining $300,000 wouldn't nearly reverse their
pretax income gains in recent years. Since the mid-1990s, their
inflation-adjusted pretax income has roughly doubled.'
"To put it another way, the wealthy have done so well over the past
few decades, with their incomes soaring and tax rates plummeting, that
Obama's plan would not come close to erasing their gains. The same
would be true of households making a few hundred thousand dollars a
year (who have gotten smaller raises than the very rich but would also
face smaller tax increases). As ambitious as Obama's proposals might
be, they would still leave the gap between the rich and everyone else
far wider than it burdensome on the young entrepreneur who was making
his first millions as it would on the aging plutocrat who actually had
enjoyed the prosperity of the past-quarter century since Reagan cut
marginal tax rates."
An October 13 editorial in The Wall Street Journal clarifies the
mysterious arithmetic of Obama's sweeping claims to cut income taxes
for millions who currently have no income tax liability and pay no
taxes:
"For the Obama Democrats, a tax cut is no longer letting you keep more
of what you earn. In their lexicon, a tax cut includes tens of
billions of dollars in government handouts that are disguised by the
phrase 'tax credit.' Mr. Obama is proposing to create or expand no
fewer than seven such credits for individuals:
"– A $500 tax credit ($1,000 a couple) to 'make work pay' that phases
out at income of $75,000 for individuals and $150,000 per couple.
"– A $4,000 tax credit for college tuition.
"– A 10% mortgage interest tax credit (on top of the existing mortgage
interest deduction and other housing subsidies).
"– A 'savings' tax credit of 50% up to $1,000.
"– An expansion of the earned-income tax credit that would allow
single workers to receive as much as $555 a year, up from $175 now,
and give these workers up to $1,110 if they are paying child support.
"– A child care credit of 50% up to $6,000 of expenses a year.
"– A 'clean car' tax credit of up to $7,000 on the purchase of certain vehicles.
"Here's the political catch. All but the clean car credit would be
'refundable,' which is Washington-speak for the fact that you can
receive these checks even if you have no income-tax liability. In
other words, they are an income transfer – a federal check – from
taxpayers to nontaxpayers. Once upon a time we called this 'welfare,'
or in George McGovern's 1972 campaign a 'Demogrant.' Mr. Obama's
genius is to call it a tax cut.
"The Tax Foundation estimates that under the Obama plan 63 million
Americans, or 44% of all tax filers, would have no income tax
liability and most of those would get a check from the IRS each year.
The Heritage Foundation's Center for Data Analysis estimates that by
2011, under the Obama plan, an additional 10 million filers would pay
zero taxes while cashing checks from the IRS.
"The total annual expenditures on refundable 'tax credits' would rise
over the next 10 years by $647 billion to $1.054 trillion, according
to the Tax Policy Center. This means that the tax-credit welfare state
would soon cost four times actual cash welfare. By redefining such
income payments as 'tax credits,' the Obama campaign also redefines
them away as a tax share of GDP. Presto, the federal tax burden looks
much smaller than it really is."
After all the sloppy definitions are parsed, one point remains clear.
The top 5% of U.S. income earners, who presently pay 60.14% (2006
figures) of all income tax, are destined for a huge federal tax
increase under Obama.
One of Obama's specific proposals is to raise the capital gains and
dividend taxes to 25%, which will sharply increase capital
confiscation as increasing percentages of "gains" will reflect
inflationary depreciation of the currency. In the U.S., an investor
must pay tax on the difference between the sales price of an asset and
it purchase price, with no adjustment for inflation. Consequently,
when the tax rate and inflation are high, a large portion of the
"capital gain" is illusory. Any asset that appreciates by less than
the rate of inflation will result in its owner losing purchasing power
and having to pay taxes on the illusory gains. At Obama's higher tax
rates, (he has suggested that capital gains and dividend taxes should
be hiked to as much as 25%,) capital confiscation would result from
modest levels of inflation.
And the Great Credit Crunch implies that inflation will be far higher
than in recent experience.
Setting aside whether it is moral or equitable to force a small
fraction of the population to essentially pay for the whole cost of
government, much of which entails the shuffling of checks to purchase
votes of various aggrieved groups, there is a bigger question. Can it
be wise for the whole fiscal regime to stand on the shoulders of a
small group, like a pyramid tottering on its point, so that any
tribulation which undermines the prosperity of those who pay would
promise to bankrupt the state?
It is a worthwhile question to ask if you have considerable assets. In
light of the worldwide credit crunch, which has deflated assets of all
kinds, the prospect of burgeoning prosperity at the magnitude required
to enable one-in-20 Americans to become "Super Rich" benefactors of
Big Government is vanishingly small. There won't be enough rich people
to fill the role assigned to them in Obama's scheme. The result to be
expected, in addition to confiscatory taxation, is a dramatic
shortfall of revenues. This, in turn, implies surging deficits and
deficit financing requirements that will rapidly swamp the capacity of
the Treasury to borrow.
Regards,
Jim Davidson
for The Daily Reckoning
Editor's Note: James Dale Davidson has enjoyed astounding personal
success founding new companies in a variety of industries. A graduate
of Oxford University, Mr. Davidson is also a renowned venture
capitalist and the author of bestsellers such as Blood In The Streets
and The Great Reckoning.
Back to Top
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Re:Agora Inc.&amp; James Dale Davidson started 'anti-naked s
Forbes' Gary Weiss finds fall guy for James Dale Davidson,Steve Forbes
by Tony Ryals
Below is brief quote from ex Businessweek writer Gary Weiss who now
works for James Dale Davidson's pal Steve Forbes,both of whom have had
much to do with the NTU or National Taxpayers Union that should be
caled 'National Taxpayers Avoidence Union For Multi-millionaires and
Billionaires'.
I find no reference to the penny stock promoter Weiss dicusess below
called Roy Ageloff,and Gary acknowledges he has no references.But we
have plenty of references to James Dale Davidson's involvement with
and promotion of the made of term 'naked short selling' even if his
and Canadian scamers Brent Pierce and Grant Atkins NAANSS or National
Association Against Naked Short Selling was methodicvaly disappeared in
2005 at about the same time it was replaced by Geico insurance
billionaire Jack Byrne's son Patrick Byrne's NCANS or National Coalition Against Naked Shorting' to claim his Overstock.con pump and dump,money laundering
scam was being 'naked shorted' rather than manipulated and 'pumped and
dumped'by himself and other insiders to the scam !
And fitting NAANSS or the word 'association'was changed to 'coalition'
as if it were directly related to the far right criminals who got us
into Iraq in the first place.It was no coincidence....
Now it is the SEC or Securities Exchange Commission itself under war
and stock fraudster Christopher Cox,who has lied both about 'wmds' in
Iraq during the promotion of that fraud and later about stocks being
'naked shorted' a term no academic used before stock criminals
connected to Washington,D.C. and stock fraud just made it up.
Cox now says Fannie Mae and Freddie Mac shares were 'naked shorting',a
term defined by the mainly anonymous internet posters who made it up
to mean 'counterfeitted'.It works somwewhat to dump worthless shares
of unaudited penny stocks such as Genemax or Endovasc in 2002 BUT
FANNIE MAE AND FREDDIE MAC ALWAYS PAID DIVIDENDS AND NO SHAREHOLDER
EVER FAILED TO RECEIVE THEIR DIVIDEND BEFORE THE RECENT FANNIE MAE AND FREDDIE MAC SHARE PRICE COLLAPSE
PROBABLY DUE TO A COORDINATED DUMPING OR SELLING ORCHESTRATED BY THE
SAME BELTWAY CONNECTED SECURITIES CRIMINALS WHO HAVE PROMOTED THE
'NAKED SHORT SELLING' LIE TO BEGIN WITH AS MUCH OR MORE SO THAN MORTGAGE AND HOUSING MARKET COLLAPSE ITSELF.
So Gary Weiss is just continuing his internet misinformation campaign
that benefits his boss' colleague James Dale Davidson of Agora Inc and
so many others in this Beltway connected right wing mafiosi.That's why
Forbes' and Davidson's NTU is conveniently located right,far right,in
the center of Washington,D.C. or the 'Beltway'.
Below is brief quote by Gary on is his garyweiss.blogspot.con followed
by my comments and his illusive 'answers'.
I also take this opportunity to reinsert my 2005 article-post titled,'NASAA: Agora Inc.& James Dale Davidson started 'anti-naked shorting' scam', onto the internet and indymedias that appears to have been almost methodically disappeared:
Fallout From Busted Boiler Rooms
by Gary Weiss
A recent, unpublicized indictment in Florida (nope, no web links
available) is a good example of how boiler room crooks manage to keep
their ill-gotten gains, even after they've been thrown in jail.
The feds recently indicted a fellow named Roy Ageloff, who was
prominently featured in my book Born to Steal. Ageloff ran the Hanover
Sterling boiler room and other crappy little firms that sold "chop
stocks" -- worthless stocks sold at high prices to retail investors,
with brokers compensated by undisclosed kickbacks.
The SEC and NASD pursued this guy long after the investors were
fleeced, because, in addition to their usual incompetence, they were
obsessed with "naked shorting" of the Hanover stocks. The FBI only
stepped in after my Business Week articles in late 1996, which
disclosed how Hanover and other firms had mob links.....
Also I take the opportunity to repost my 2005 post titled,'Agora Inc.&
James Dale Davidson started 'anti-naked shorting' scam'',because
methinks someone(s)made a methodic effort to 'disappear' it.
.........................
my comments and Gary's:
Gary you say,´´The SEC and NASD pursued this guy long after the
investors were fleeced, because, in addition to their usual
incompetence, they were obsessed with "naked shorting" of the Hanover
stocks.´´ Then are you saying the fraudulent claim of and I believe
made up term(by penny stock scamsters themselves) ´´naked short
selling´´ can
really be tracked back as far as 1996 !?
Who said it in 1996 and where's the documentation ? You see the Agora
Inc scamster,the Lord William Rees-Mogg (Patrick's 'Sith
Lord'?)recently claimed the Great Depression of the U.S. began when an
Englishman printed and or distrbuted twice as many shares in a coal
company as were supposed to really exist.But even though this may fit
the made up term 'naked shorting' (i.e.-'share counterfeitting'),it
was still not a term used at that time to my knowledge.So far I
believe your first and documented claim for the use of the term , i.e.
an anonymous or not so anonymous individual posting on sec.gov in 1999
was the first to put it in print albeit electronially.It may also be
that Amazon Naurals or some such penny stock was the first to make the
unfounded and made up claim but it was indeed James Dale
Davidson,Brent Pierce,Grant Atkins and David Patch,et.al. who took it
to extremes beginning in 2002 with Genemax and Endovasc.In truth
Genemax was the one that Pirce and Atkins were really behind lieing
about being 'naked shorted' but Davidson's partner in the Endovasc
scam,Virginia banker David P Summers and Davidson and Houston attorney
John O'Quinn simultaneously began using the same propaganda or
disinformation campaign
simultaneously for Endovasc.
I still maintain that although Al Jazeera used the term for the first
vtime in the Middle East in 2006 they onmly did so in English and no
equivalent term exists even today on Arabic speaking stock
markets.Also and I wish you pros would correct mer if I'm wrong but
the term 'naked short selling' or 'naked shortibng' was also never
used in British english before
2007 when the Times of London as well as the Guardian used it for the
first time in the UK to decribe(uncorrectly)
the resaon for the collapse in share price of Northern Rock.And then
the term appeared for the first time in Australian english ony in 2008
when both Rupert Murdoch's hack writer used it in Murdoch's Australian
rags and somehow got the term posted on the Australian stock exchanges
website
even though it was never used in Australian stock jargon previously !
Please correct me if I'm wrong.
It should be obvious the the U.S.SEC is lending credibilty to this
term because they are corrupt and SEC Chair Chris Cox has now used the
term to distract from the very real and professional stock
manipulation that
emptied Fannie Mae's,Freddie Mac's,etc.,cash reserves rather than to
investigate and go after the real crooks,his conies, who more than
likely 'conventionally' dumped and shorted Fannie Mae,Freddie Mac,
etc.,share to near zer
Tony Ryals | 11.15.08 - 12:13 am | #
Gravatar Actually Tony you raise a (rare) good point. Naked shorting
has been talked about now and then for many years. There was a cover
story on the subject "Naked Came the Short Sellers" in Forbes in the
late eighties.
Gary Weiss | 11.15.08 - 8:19 am | # Gravatar
Gary,
I would certainly like to see that article but can't find it on
internet or google news archives.
If you saw some example of my science and religion history writing
(i.e.- 'pope's misconceptions about conception and science ')you'd see
why this 'business history' writing is so frustrating to me besides it
being something that ripped me off.But these stock scams have directly
to do with money so honesty is sort of out the window with the little
morons clock,if you remember that childhood joke.
In such writing as the 'the pope's misconceptions...' I can cite
people such as Justus Von Liebig and other 19th century chemists who
overthrew the church's and Aristotle's 'four elements' or explain how
Galileo and Johannes Kepler overthrew the church's and Aristotle's
'fifth element' before that.
In the case of 'naked short selling'
the term is such a fraud no one can or does want to get the facts
straight,wouldn't you agree? Do Barney Frank and Rahm Emanuel wish to
confirm or deny that their Fannie Maes and Freddie Macs were 'naked
shorted' or just let Christopher 'Naked Shorts' Cox bullshit the
public mercilessly so they don't have to take anymore responsibility
for that than James Dale Davidson did or does for Genemax and Endovasc
?
Alright although you have found a 1980's Forbes title with 'naked' and
'short sellers' in it does the article itself say 'naked shorting' or
'naked short selling' ? And if so
is that then the first mention - or in fact was it no mention at all -
just 'naked' and 'short sellers' in a title together ? And even then
we'd have to wonder if this is where the dirty minded 'dirty dirty
deeds' people got the idea from,i.e.-Steve Forbes' Forbes magazine who
coincidentally is verrrry James Dale Davidson connected and ran for
the U.S. Presidency itself draped in Davidson's Ntional Taxpayers
Union banner as much or more so than the U.S. flag itself. Or maybe
one of the 'Einstein's' of the penny stock social parasites,(between
registering yet a new Nevada penny stock 'pump and dump' scam in
Nevada),fell on his head during a lap dance at the Las Vegas Cheetah
Club and that is how this brilliant concept came into the world ? What
year was that and who was this
'genius'? ? Maybe it was Steve Forbes himself but he is just too
humble to take the 'credit'?
So that title don't count - my question is when was the term 'naked
short selling' or 'naked shorting' first used and by whom !? I've been
waiting for the answer for years so why's it so hard ?!
Tony Ryals | 11.15.08 - 2:13 pm | # Gravatar
It came up in Google in passing as being published in 1988. I guess
you can get it off Nexis or from your local public library, if they
have one where you are.
Gary Weiss | 11.15.08 - 5:58 pm | #
.........................
NASAA: Agora Inc.& James Dale Davidson started 'anti-naked shorting' scam
by Tony Ryals Thursday, Nov. 24, 2005 at 7:58 PM
endoscam-AT-lycos.com (email address validated)
This story of penny stock fraud is Florida connected due to the number
of penny stock 'companies' that reside in Florida.I have no idea how
many of them have used the fraudulent 'naked short selling'claim to
cover up their own illegal pump and dump activities in an effort to
distract from their own massive dumping of U.S.penny stock shares.This
may involve boiler rooms in another part of the world,such as Kuala
Lumpur or Dubai and may serve the added or chief attraction of those
U.S. penny stock shares,to launder money for criminal and or terrorist
activities.
NASAA:Agora Inc.&James Dale Davidson's started 'anti-naked shorting' scam
Gary Valinoti and his Jag Media Holdings or 'jagh' of Boca Rotan is a
fine example of insider and death spiral share dumping
deals.'Management' cries 'naked shorting' all the way down,pointing at
brokers or DTCC,but never documenting a single case,in order to draw
attention from their own massive insider dumping as well as to protect
their death spiral 'clients' who dump virtually free shares on retail
or American investors.Gary Valinoti even had some relation with Mark
Valentine of the 'Bermuda shorts' scandal which had everything with
the dumping of very real penny stock 'company' shares not non-existent
'naked shorts'. Valinoti was recently cited by the SEC for his own
dumping of 'jagh' shares in the past,all the while crying he and his
company a victim of 'naked short selling'.
Gary Valinoti who touts various stocks through his jagnotes.com also
seems to have a special relationship to ragingbull.com including a
contract to co-promote various stock selling clients.He and Jag Media
Holdings connected David Patch seem to have the run of ragingbull.com
and besides its 'jagh' message board their various anonymous buddies
post 'anti-naked short selling' propaganda on the various penny stock
scam boards incessantly with links to such scammy 'naked shorting'
sites as faulkingtruth.com, investigatethesec.com,buyins.com,and the
newer ncans.net
of Patrick Byrne of Overstock.com and 'Bob O'Brien'.
This site(ncans.net) is suspiciously like the old NAANSS site of
Davidson located in Blaine,Washington office GMXX or Genemax pump and
dump was located in 2002-2003.(Do a google search of 'naanss
ncans'.You may note ncans.net nor investigatethesec.com nor
faulkingtruth.com nor buyins.com
never rail about shares dumped overseas nor illegal pump and dump of
penny stocks that go on everyday.
Why ? Because the people promoting the distraction of 'naked
shorting'are the very ones who run the'anti-naked short selling'
websites.Illegal pump and dump scams and offshore deals with U.S.penny
shares are what they live off of and regardless of their crocodile
tears for the 'small investor',that's exactly who these penny stock
bandits are out to get and its exactly through loopholes like SEC
Reg.S shares and other aspects of using unaudited U.S. shares to hide
and launder money that they live.
That they can virtually buy and sale penny stock shell companies and
their shares for pennies on the penny and have pioneered internet
penny stock fraud is how and why they open and close their scam penny
stock sites overnight,yet maintain a longer audience and clientele
through using ragingbull.com or Yahoo message boards or the many
internet tentacles of James Dale Davidson's Agora Inc.
This story is Utah connected due to Senator Bennett who claimed along
with his constituent Patrick Byrne of Overstock.com that there was a
'naked short selling' conspiracy and it was run by a 'Sith Lord' at
war with Byrne and his Overstock.com. And Patrick Byrne now employs
Brent Baker,ex-SEC attorney who let James Dale Davidson escape for
illegal touting and dumping of penny stocks he manipulated.Brent Baker
didn't even charge Davidson or Agora Inc. for making fraudulent claims
about 'naked shorting' to divert attention from what in retrospect can
only be seen as illegal pump and dump activities.
Below is both the announcement of North American Securities
Administrators 'NASAA' to host a forum on November 30 in Washington
D.C. on 'naked short selling' and my email to NASAA's Patricia D.
Struck as well as to the California Dept.of Corporations.NASAA has
members in every state who are in turn employed by the state's
government securities offices whether they be a member of the
Department of Corporations, as in the case of California, or the Dept.
of the Secretary of State in some states or from the office of the
Attorney General as in the case of Maryland.:
NASAA Member Contact Information
This link is to NASAA representatives in each state.
www.nasaa.org/QuickLinks/ContactYourRegulator.cfm
Unfortunately NASAA is also inviting some of the least credible
experts on this subject.Not the least of which is James J. Angel of
Georgetown whose quesionable involvement in an 'anti-naked short
selling' infomercial
for Patrick Byrne (of Overstock.com)and 'Bob O'Brien'
who keeps his real identity hid and bought a $100,000
plus ad in the Washington Post with Byrne warning W.
Bush of the 'dangers' of 'naked short selling' to placing
SS funds in the markets.They also claimed that the ad-letter to Bush
was paid for by 'mom and pop' investors before grudgingly admitting
Patrick Byrne paid at least half the bill.I wonder if Nasdaq OTCBB
officially agrees with their Georgetown University penny stock
consultant James Angel ?
Does the OTCBB agree with James Angel that a huge amount of the stocks
they host are being 'naked shorted' ? If so,by who,and what brokers or
market makers are involved ? And does NASDAQ see a benefit in
maintaining the smokescreen and pretending 'naked shorting' is the
cause of what is obviously massive pump and dump activities of the
very companies they host ? Does NASDAQ wish to aid in the pump and
dump scams of many of its own OTCBB penny stock clients,or clean up
its own and their corrupt operations ?
What they did not say in that letter to Bush was that this was only a
claim of worthless penny stock companies,and what they their scammy
www.ncans.net site also does not say, is that a fraudulent 'naked
short selling' claim has been made for some years now by various
irresponsible U.S. penny stock 'management' and their promoters.You
don't hear from any Blue Chip stocks complaining of being 'naked
shorted'. Why not ?
And in this post 911 era it is not likely any anonymous individual can
place an ad-letter to W.Bush in the Washington Post with nary an FBI
or Homeland Security investigation, much less a journalistic one from
the paper(Washington Post) where the ad-letter was placed - unless one
was an insider,but not just any kind of inside - a Beltway insider as
Davidson was and is !
Further while all of these companies may not have a direct Agora
Inc.of Baltimore connection the massive penny stock scam called
'anti-naked shorting' was first used on a two penny stocks in
particular - Genemax promoting a supposed cancer cure vaccine and
Endovasc a fraudulent 'biotech' using a Stanford University patent to
use nicotine to 'grow new blood vessels' as another prop to tout or
promote worthless shares for personal gain.And in both of these pump
and dump scams Agora Inc.'s James Dale Davidson was an or the insider
both touting and dumping.
James Dale Davidson not only created NAANSS or 'National Association
Against Naked Short Selling',(just as he was creator of the National
Taxpayers Union coincidentally), but also was CEO of Genemax as it was
being pumped and dumped and an insider at Endovasc when massive
amounts of shares were being sold or dumped,including his own.
And where was he promoting these two pump and dump scams besides using
touters like David Patch of www.investigatethesec.com on the
www.ragingbull.com genemax or gmxx message board ? Through his Agora
Inc.'s 'Vantage Point' mailings,some of which sold for up to $1000, as
well as any of Davidson's MANY Agora related or other less connected
internet penny stock tout sites.It was Davidson who provided the link
to NAANSS website in Agora Inc's 'Vantage Point' and decried the evils
of 'naked shorting' as the SEC did a frivolous and wasteful litigation
for his or Porter Stanberry's promotion of USEC a nuclear stock with
supposed insider information. You can rest assured the illegal pump
and dump of millions of unreported Genemax and Endovasc shares is
where the real money was made,not in the selling of supposed 'insider
information' on USEC as the has SEC maintained.
Although James Dale Davidson,for years a principal part of Agora Inc.
was,if not the first to use the 'naked shorting' claim to divert
attention away from his own illegal pump and dump of worthless,(and
not even audited by the SEC in this day and age), penny stock
shares,he was the first to take the claim to new levels as an
organised penny stock scam.And to use the fraudulent claim that
'certs' or paper certificates were the only way to protect your
investments in penny stocks from evil 'naked short'sellers who did
their evil by way of 'electonic counterfeitting' of shares.
This is because Davidson and his ilk or very used to dealing in
'certs' through the penny stock companies he uses in his pump and dump
scams.They could convert and sell their certs in no time with their
experience and connections while their 'marks' shares devalue to
nothing as the insiders dump.
While he and the other insiders dumped as they touted or promoted
Genemax and Endovasc through Agora Inc.or even touting under various
aliases on ragingbull.com,they also,at least Davidson,Grant Atkins and
Brent Pierce, created NAANSS which was part of their ICI scheme to be
the new penny stock touters on the block,and the false 'naked
shorting' claim was one of the new 'tools' in their bag of dirty penny
stock tricks.
And James Dale Davidson did bring the fraudulent 'naked short' claim
that he used to defend the penny stock scams he pumped and dumped so
recklessly and to blame their abrupt collapse in share value from a
'pump' or promotion up to $20 a share down to pennies per share as
insiders unloaded their millions of worthless shares on defrauded
investors.
And then what did James Dale Davidson and NAANSS and Agora Inc and
penny stocks related to Davidson and thus to Agora Inc. through him
blame it on(their illegal but still unprosecuted penny stock pump and
dump activities ?) Naked short selling of course,their illegal pump
and dump activity of penny stocks with little liquidity but millions
of worthless shares to dump.
And what you will not find on NASAA's agenda that should be there
rather than lending more time to these cheap penny stock hustlers who
cry 'naked shorting' to divert attention from their illegal pump and
dump and possible money lundering activities with U.S.penny stocks as
far away as Dubai or Kuala Lumpur, and certainly not from Bill Bonner
or James Dale Davidson and their Agora Inc. is the need to do away
with SEC Reg S that virtually encourages money laundering with U.S.
penny stocks ! Why !?
The SEC is deathly silent.Do they want U.S.penny stock companies to be
money launderers through unregistered prenny shares in terrorist
suspect money laundering havens ? And then cover it up with a
fraudulent claim of being 'naked shorted' ?
Tony RYALS
Below is one bright spot from NASAA who a a 'friend
of the court',wrote in favor of Agora Inc. client who paid $100,000
for Agora Inc.'s supposed insider info in 2003.:
28/04/04
NASAA's Amicus Brief in Support of the Maryland Securities Divisions
in the Case of Lubin v. Agora, Inc.
Agora_Brief.pdf
www.nasaa.org/Issues___Answers/Enforcement___Legal_Activity/980.cfm
November 17, 2005
NASAA to Host Forum on Naked Short Selling
Experts to Examine Efforts to Curb Market Manipulation
by Stemming Abusive Naked Short Selling Activity
www.nasaa.org/NASAA_Newsroom/Current_NASAA_Headlines/3923.cfm
WASHINGTON—The North American Securities Administrators Association,
Inc. (NASAA) today announced plans to host a public forum to explore
possible market manipulation through naked short selling activity.
The "NASAA Listens" Forum is scheduled for November 30 from 1 p.m. to
3 p.m. at the Paris Ballroom of the Sofitel Lafayette Square Hotel,
806 15th Street NW, in Washington, D.C.
"NASAA commends the SEC for its efforts to address short-selling
abuses through Regulation SHO and we encourage the agency to consider
additional measures to limit the detrimental impact of abusive naked
short-selling on the stock of small businesses, the entrepreneurial
engines that drive our nation's economy," said NASAA President and
Wisconsin Securities Administrator Patricia D. Struck.
Naked short selling refers to a stock transaction in which the seller
agrees to sell shares of stock that he or she neither owns nor has
borrowed in time to make delivery to the buyer within the standard
three-day settlement period. When done in large volumes, this sales
tactic can be used to manipulate a stock's share value while allowing
the seller to profit. The SEC adopted Regulation SHO in 2004 to
update short-sale regulation and, in part, to address problems
associated with abusive naked short selling transactions. Industry
compliance with Reg SHO began in January and in May the SEC launched
a pilot program to determine the effectiveness of the regulation.
"Since the pilot program has reached the midway point, we believe this
Forum offers a timely opportunity for a thorough discussion of the
effectiveness of Regulation SHO from a variety of perspectives,"
Struck said.
The "NASAA Listens" Forum will bring together a panel of leading
financial and academic experts to examine problems associated with
abusive naked short selling and the impact of Regulation SHO on naked
short-selling transactions.
The Forum is free and open to the public on a first come, first serve
basis. To reserve a seat, please contact Lonnie Martin, at
202-737-0900 or lm-AT-nasaa.org, by November 28. NASAA is the oldest
international organization devoted to investor protection. Its
membership consists of the securities administrators in the 50 states,
the District of Columbia, Puerto Rico, the U.S. Virgin Islands,
Canada, and Mexico.
For More Information:
Bob Webster
Director of Communications
202-737-0900
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Date: Wed, 23 Nov 2005 08:04:57 -0800
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Good Morning,
The California Department of Corporations has received your e-mail
which has been forwarded to program staff for assistance.
>>> "Tony Ryals" <endofscam-AT-lycos.com> 11/22/2005 9:09:11 PM >>>
Dear California Department of Corporations webmaster,
As I did several months ago with my previous communication to
California Department of Corporations,I am asking your assistance in
forwarding thismaterial to both Wayne Strumpfer and Maria T Shimohara.
Thank you,
Tony Ryals
Dear Wayne Strumpfer and Maria T Shimohara,
Thank you for your reply of June 20,2005.Although as you know I am in
Guatemala the letter sent to P.O.Box 216 Ben Lomond,Ca.95005 was
forwarded to me.As I have said I resided in California for many years
before Guatemala and I bought the worthless Endovasc shares in
question through Charles Schwab who hosted a pump and dump account of
'up to 30 million shares' for unnamed insiders who I believe may have
used the Schwab LOM of Bermuda account because James Dale Davidson of
Agora Inc.and The NATIONALTaxpayers Union of Alexandria,Virginia was
once a substantial
shareholder of LOM and recommended it in his book,'Sovereign
Individual',with the Lord William Rees-Mogg.
You may realise I first complained to the California Dept.of
Corporations in 2003 ? Why ? Because my situation was desperate then.
So I am now totally exhausted having used the internet since then both
to warn others everyday on ragingbull.com ,evsc message board to stay
clear and only now beginning to use the world wide internet and
indymedias to expose the frauds as best one individual can.
Below is my recent communication with NASAA and Patricia Stuck and my
email to Mr.Lambiase who was head of NASAA in the past.You may do a
google search,'yahoo mafia cabby guatemala machete',to get some idea
of threats I receive for trying to expose a major penny stock
securities fraud whose ncans.net has a San Diego Wells Fargo account
and San Diego attorneys Barrera & Sadr to represent them and their
fraud in California.I still can't say if Mr.Lmbiase is sincere in this
November 30 'naked shorting forum' mentioed in correspondence below
but David Patch of investigatethesec.com who is allied with 'Bob
O'Brien of ncans.net just as he was with James Dale
Davidson in the past appears to be pulling his strings so far.
What I would like to know is,are any California Department of
CORPORATIONSmembers going to attend ? Do google search,'ncans
naanss',to see how
I claim ncans.net is just a reincarnation of Davidson's 'naanss'.Also
do a google search,'daniel kadlec john o'quinn' and remember that
Houston attorney John O'Quinn is part of litigation team of Patrick
Byrne of Overstock.com who is presently litigating against hedge fund
Rocker Partners in Marin.And ncans.net's 'Bob O'Brien'threatened Marc
Cohodes on Yahoo's NFI message board and released Marin address of
Cohodes as well as his wife and handicapped son on Yahoo NFI board.So
my Endovasc problems are mixed up in that somewhat.Byrne is a major
funder of NCANS.NET and claims Overstock.com is being 'naked shorted'
by a 'Sith Lord'!!!
I could give you so many google searches by now.Try google search
'james angel georgetown university lap dancers'.And while it may be in
poor taste I didn't make it up,Bob O'Brien of ncans.net HAS listed
his address or that of nfi-info.com and ncans.net as Cheetah Club of
Las Vegas !!! And the San Diego Cheetah Club bribed the San Diego
city council you may recall.These are the types who are promoting an
'anti-naked short' scam to mask their own penny stock pump and dump
operations and Davidson as you might imagine has plenty of influence
in the Beltway.Do google 'agora inc. bill bonner james dale
davidson',also,'senator bennett cheetah club striptease'.
There is another suspicious California 'anti-naked short selling'
websitecalled buyins.com by the way.It's promoter I belive has been in
trouble for securities fraud previously.Why does the California Dept.
of Corporations let so much of this slide ? You must know the SEC DOES
NOTHING,DON'T YOU ?
Immediately below before my communication with NASAA,is a letter from
Mary Helburn titular head of 'BOB O'Brien's'and Patrick Byrne's
'ncans.net' with its San Diego bank account.It tears me up to hear of
her brag of her Schwab account on Yahoo NFI board because she may be
one who benefitted from ripping me off through that pump and dump
account.Note how she makes suggestions about SEC and a 'scythe' and
'heads roll' or that if they were in 'Japan' they'd commit mass
suicide !!?? Do you want these kinds of people running stock scams out
of a San Diego bank account ?Another who posts on Yahoo NFI and OSTK
boards has alias 'rev_jim_jones_lives if you can imagine that and they
are the 'good guys' who are fighting 'naked shorting'!!!
Mr.Strumpfer and Maria Shimohara,do you not see the importance of
having Schwab acknowledge that Endovasc pump and dump account ? It
would prove that attorney O'Quinn,who is representing Byrne against
Cohodes in Marin, lied about 'naked sorting' to conceal the pump and
dump from Schwab.Why should Schwab be allowed to rob me and aid major
penny stock fraud and cover all this up ? Do a google,'attorney john
o'quinn stock fraud money laundering'.Since I put it on internet
O'Quinn has been silent,he has already been criticised in Texas by a
judge for faking 'silicosis' case histories. After reading the Mary
Helburn letter below do a google,'mary helburn los altos'.She-it lied
about NCANS as being in 'Ohio' below.
So please let me know if anyone from California Dept.of Corporations
will attend and if so could you allow me to fill them in on what's
really going on.Just do a google,'nasaa naked short' to see the
November 30 forum is really happening and remember ncans.net is in
California to a great extent and also the Beltway I believe.And
international in the sense that U.S. penny stocks are dumped and used
for money laundering everywhere.Please help me expose one of the
largest penny stock scams in years.Or an ongoing one years in the
making.
Remember I never would have bought into the EVSC fraud had it not been
for a Stanford patent to use nicotine for 'angiogenesis',a virtual
patent on the acetylcholine receptor I thought.Stanford profited from
an illegal pump and dump and I lost everything.And if
you conclude that you can't help me get a simple acknowledgement from
SCHWAB that they hosted a pump and dump account in November 2002,(I
know that's when it would have been dumped because that's when
Davidson and Agora Inc.touted),what do you suppose I can do ? Can I
at least come to California and picket Schwab San Francisco ? You see
this Stanford patent-Endovasc fraud has taken everything AND I PAID
AN SF ATTORNEY MY LAST $5,000 AND I'VE SCREAMED ON INTERNET FOR four
years !!! So do you all at least agree I should have free speech to
call a fraud a fraud right where it was committed,at Charles Schwab ?
Also do a google,'ragingbull lycos money laundering'.
Also I greatly appreciate that you send any communication to my email
address.It was through the internet I was defrauded and it is still me
prefered method of communication in dealing with it.I don't get prompt
communication by letters to Ben Lomond.
Sincerely
Tony Ryals
Bare truth about naked shorting
A letter from Mary Helburn, USA
Dear JUST Response and Joel Hirschhorn,
Re: Economic corruption US style
Wall Street depends on volatility, and volatility is a function of
news. Reuters owns Instinet. We should be able to invest in a company
without worrying that its capitalization is going to be withdrawn by
short-sellers. We should be able to invest in a company without
worrying about the DTCC watering down our investment with counterfeit
shares. Bob O'Brien is a real person. I admire him so much for what he
is doing and because of him I was willing to put my real name on this.
The rules have changed to suit the foxes. This one is the most subtle
and lies at the heart of the fraud. A broker hires someone to locate a
share to borrow. This gives him "reasonable expectation of
delivery". When the shares are not located and becomes an FTD, the
system kicks in and the DTCC prints up a new counterfeit shares
borrowed from the pool they control. Wham, bam, thank you, Mam! He
games the system by transferring the legitimate responsiblity to
someone who is in place simply to help execute the fraud. The DTCC has
committed fraud by lending shares rather than having the broker
buy-in the open market as the law requires. We have a sell-side bias
then that allows the price to be manipulated down.
I think George Bush earnestly believes in this privatization and I
also believe that Charles Schwab is behind it. Schwab was behind the
tax cuts and consults with the President.
The whole system is pretty complex. People's eyes glaze over when you
start talking about naked shorting. Two per cent doesn't sound like
much to start, but it is a huge amount to be administered by the banks
and brokers. It is 2% more than the banks and brokers currently have.
They are fighting for market share with decreased
commissions and that is why the market is becoming so nasty. There are
going to be take-overs. The NYSE will probably go public and be owned
by the seats. It will eliminate the specialists and compete in the
pre/after hours.
I would like to ax everyone at the SEC since they have failed. I would
like a prosecutor-type to come in with a scythe and cut off heads. In
Japan, this kind of failure would call for suicide. Is there anyone
that has the integrity to pull this off?
Your article was so good and so deep! Thank you.
Thanks again for taking a lead role in exposing a huge and important issue.
Mary Helburn
Executive Director
National Coalition Against Shorting
Cleveland, Ohio - USA
Note: This letter was published by JUST Response on February 27 2005.
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Subject: Naked Short claim used for fraud.
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patricia.struck-AT-dfi.state.wi.us
Dear Patricia Struck,
Below is email I sent to NASSA today.I can't believe after losing100%
of my 'investment' between 2002-2003 in what I thought was alegit
company with a Stanford University 'nicotine for angiogenesis'
patent that James Dale Davidson's and Agora Inc.'s
'anti-nakedshorting' fraud still goes strong.And David Patch
of'investigatethesec.com' who is connected to Davidson at least
sincethe pump and dump of Genemax on ragingbull.com and through
AgoraInc.and who dominates ragingbull.com along with Mark Faulk of
faulkingtruth.com' continue with their 'you're being naked shortedso
buy a cert scam',which is really James Dale Davidson's and thus
Agora Inc.'s scam to mask his many penny stock pump and dump ops.
How can you all be so naive ?(I hope you are not and I will
bepleasantly surprised.)I have been doing my best ever since
'BobO'Brien' appeared on the scene with Patrick Byrne and their
'ncans.net'to warn others it's a scam to tout worthless penny stocks
mainly. Immediately below is a link to,'Senator Bennett is Patrick
Byrne's ncans a fraud ?',that I first wrote for North Carolina
indymedia but made the longer Utah version.
utah.indymedia.org/news/2005/10/11883_comment.php
I do believe a plagiarism expert would agree with me that no one would
have created two anti-naked shorting acronyms with 'National'in the
title without having heard of the older one first.On top of it
all David Patch would surely have told 'Bob O'Brien' about NAANSS of
James Davidson, yet 'Bob O'Brien',on blogmaverick in February,denied
ever hearing of NAANSS and went on and on about 'NCANS' or 'North
CAROLINA ASSOCIATION OF NURSING STUDENTS'!!
I'm in Guatemala broke.What I placed on Endovasc was what remained of
an inheritance,my only retirement.I thought I was investing in
America, not a share-money laundering operation around the world
including Kuala Lumpur and possibly Dubai !!If you do a google search
of 'schwab lom'or better 'schwab share money laundering' you will find
a link to a pdf file that will show Endovasc,(that NASAA reported as
early as 1999 was being touted by internet spam),in 2002 filled a
Schwab account with 'up to 30 million shares' even before its supposed
reverse split that should have left less than 3 million shares.And
they paid the corrupt transfer agent Aexander Walker $200,000 in
freely dumpable shares a year later as an 'insider' !!
And after Davidson touted through Agora Inc.in November 2002,which I
didn't know then because I don't subscribe,the 'famed attorney
O'Quinn' did a press release and claimed it was naked shorting BY
SCHWAB,REFCO,AND AMERITRADE,NOT A PUMP AND DUMP FROM A SCHWAB ACCOUNT
AS I DISCOVERED LATER.Schwab did not 'naked short' me,THEY PROVIDED
THE PUMP AND DUMP ACCOUNT !! Capisce ? They all worked togather to
defraud me and I don't know,the SEC doesn't want me to either,but I
suspect it was the Schwab LOM account.Davidson seems to have been
using it to dump Genemax though even the SEC seems to be in on the
cover up.
I believed 'famed attorney O'Quinn' then because Schwab would not
reply so I bought a 'cert' from the fraud ex SEC employee Alexander
Walker of the 'Nevada Agency and Trust Co'.Now I know the truth but
what good does it do ? David Patch who wrote you to lobby for his
'anti-naked short' scam knows it too,meaning he is lieing and I have
no idea of his means of income but I can guarantee you he does not
run that scammy investigatethesec.con out of the goodness of his heart.
Sincerely
Tony Ryals
P.S: Also do a google search of,'ragingbull lycos endoscam' or
'senator bennett's favorite constituent buys yahoo'.I can no longer
post on ragingbull to warn others,nor on Yahoo.All my email gets
deleted or confiscated on Yahoo along with posts.To me my experience
with David Patch and James Dale DAVIDSON et.al.,is a form of
terrorism.Do a google
seach,'yahoo mafia tony guatemala cabby machete'.No doubt David Patch,
among others,is very pleased 'free speech' on ragingbull and Yahoo
message boards should only be used for fraud.
utah.indymedia.org/news/2005/10/11883_comment.php
Dear NASAA,
I have been in shock ever since reading on the fraudulent ncans.net
penny stock anti-'naked short' scam website that you were hosting a
forum on naked shorting.And even more so when I read your
own site that seemed to say in the title you had already reached your
conclusion that it was the problem rather than that many penny stock
touters have been using it for fraud.Such is the case with Endovasc
for one that you in 1999 had already recocognized was a scam but I
bought in 2001 not knowing that and felt its connection to Stanford
U.gave it credibility but I was wrong.
I have no idea who in NASAA organized this event but I do hope you
don't bring in penny stock scammers like David Patch of
'investigatethesec' and lend them credibilty.That would be tragic.If
it were not too late and you could entice Mark Cuban to speak,that
would be perfect.Then you would have an eloquent spokesman for the
other side of the issue.He became interested shortly after thhe scammy
letter to W.Bush appeared on February 8 in the Washington Post.
The letter was announced on ragingbull where David Patch holds forth
and they give him all the space he needs to promote the 'you're being
naked shorted so buy certs' fraud. Even those who criticise the scam
such as myself are censored and our posts deleted on ragingbull and
even Yahoo where 'Bob O'Brien's your being naked shorted so buy a
cert' fraud is given full reign on NFI and OATK message boards among
others.So why should you lend your credibilty to
him and 'Bob O'Brien' of ncans who will not even identify himself and
uses the Cheetah Club striptease joint as his address ?
I was pleased to note you had represented yourself as 'friend of the
court' in favor of an investor deceived by Porter Stansberry and Agora
Inc.in 2003.The USEC deal though was actually one of their least
controversial calls in the history of Agora Inc..I believe,in fact
KNOW,that if you did you 'due diligence' you would find a connection
between Agora,Inc. and what I term the 'anti-naked short' scam or
fraud. James Dale Davidson claimed both Endovasc and Genemax were
being 'naked shorted'.The truth is they were both being pumped and
dumped by James Dale Davidson, CEO of Genemax and touter in chief
through his Agora Inc. Vantage Point.
I still believe he is behind NCANS.NET.THIS 'NAKED SHORT' HYSTERIA
WOULD NOT BE REVISITED NOW I BELIEVE HAD THE SEC DONE ITS JOB AND
CONVICTED DAVIDSON AND AGORA INC. FOR TOUTING AND DUMPING STOCKS BY
A FRAUDULENT SCHEME OF CLAIMING THEY WERE BEING 'NAKED SHORTED' TO
COVER UP THE PUMP AND DUMP ACTIVITY AND POSSIBLY MONEY LAUNDERING.
I could write more about David Patch and investigatethesec connection
to Davidson and Brent Pierce and Grant Atkins of Genemax and 'NAANSS'
and the similarities to NCANS that Patch also
immediately became connected to after the letter in the Post appeared
that cost Patrick Byrne and 'O'Brien over $100,000 though they
fraudulently claimed it was paid by 'mom and pop' investors at first.
I have the 'select shareholders' agreement from Endovasc of 2002 to
deposit 'up to 30 million shares' into ONE Schwab acccount even BEFORE
they were promoting a 'reverse split' that should have left
fewer than 3 million !!! They hid the float for almost a year and
attorney O'Quinn claimed he could prove Schwab was 'naked shorting' to
further divert attention from James Dale Davidson's and Agora Inc.'s
illegal, yet SEC IGNORED,PUMP AND DUMP.So I have proof the naked short
claim has been used for masking illegal pump and dump activities
including in terrorist suspect Kuala Lumpur by the Bellador Group with
Dubai connections as well.
This IS major fraud but the fraud lies with those who are using the
'naked short selling' claim to promote fraudulent penny stocks and
companies with failing or non-existent businesses that only sale
shares for an income,at least for themselves and their promoters at
the expense of defrauding investors.PLEASE DO NOT HELP THEM !!
Below is the beginning of my email to Ralph Lambiase of sometime back
when David Patch posted a letter from him and proudly announced he
had suckered him into his and 'Bob O'Brien' and Patrick Byrne's you're
being naked shorted so buy a cert' scam.You may do a number of google
searches including 'schwab lom' or ' ncans naanss' to find
some of my writing including on the indymedias.No doubt I will be
doing another after your November 30 forum and hope you don't join the
'Cheetah Club' naked short conspiracists that cover up illegal
pump and dump ops and possibble money laundering with that false claim.
Note links to 2 of my writings below including,'James Angel,
GeorgetownUniversity,lap dancers and cyber fraud mafia'.
Sincerely
Tony Ryals
Subject: Naked short claim is used mask illegal pumps and dumps
Date: Tue, 20 Sep 2005 18:10:25 -0500
Dear Mr.Lambiase,
I read in shock the kind letter you wrote to 'Mr.David Patch',that he
reposted under his present alias,'repeat05',(meaning to me yet another
repeat of what to me is a vicious con much worse than any
Nigerian letter scam),what I call the 'naked short fraud',which is the
opposite of what those who promote it claim it to be.
I had the most hits on spitzer2006,about 30 to 50 per day until that
was closed down around the middle of June.I still plan to write and
ask why and see if I can create another site with my old spitzer2006
material that was 'ss funds in manipulated markets.It appeared to be
started by someone who wanted to promote the naked short fraud
scam,which I feel is used to mask the pump and dump mainly of penny
stocks and to divert attention from shares that are unaudited by the
SEC and may even be used for money laundering.
Daniel Kadlec duped by Wes Christian,John O'Quinn
michiganimc.org/newswire/display/11972/index.php
James Angel,Georgetown,lap dancers and cyber fraud mafia
www.stlimc.org/newswire/display/909/index.php
Senator Bennett:Is Patrick Byrne's NCANS a fraud ?
www.utah.indymedia.org/news/2005/10/11883.php
Did Utah SEC's Brent Baker cover up for National Taxpayers Union founder ?
www.utah.indymedia.org/news/2005/10/11937.php
Is Lycos RagingBull profiting from penny stock scams,money laundering ?
miami.indymedia.org/news/2005/11/2659.php