Ooooh! That's a BINGO!!!
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This is going to make you very sad.....although it is nice that they made it into a family business.
Pittsburg Family Accused of Car Loan Fraud
UPDATED: Oct 4, 2022
Written by Sara Routhier
Sr. Director of Content
Reviewed by Joel Ohman
Founder, CFP®
Washington County officials of Pittsburg, Pennsylvania filed theft and racketeering charges against four members of the LoCastro family of Bethel Park and Peters for allegedly using fake car loans to buy vehicles, according to the Pittsburgh Post-Gazette.
Prosecuters claim that between Dec. 23, 2008 and Feb. 5, 2009, Frank LoCastro withdrew multiple car loans from various lending sources and purchased multiple vehicles. Each car loan was taken out with fraudulent employment and income information, and LoCastro ultimately defaulted on each one.
Frank LoCastro worked with his brother, Vincent LoCastro, and Vincent’s children Nicole and Joseph LoCastro, and between the four individuals, they financed 32 vehicles in total.
Vincent LoCastro has a previous criminal record involving car sales, in which he owned his own car lot and stole the identity of nine people, subsequently using those identities to finance luxury vehicles with fraudulent car loans.
He was ordered to pay more than $500,000 in restitution and sentenced to three years propation, half of which was under home detention.
The Post-Gazette reports that earlier this year, despite his criminal history, Vincent LoCastro was approved by Baldwin Township supervisors for another car lot, called EZ Auto Sales, but he had yet to develop the business.
Frank LoCastro has been charged with two counts of corrupt organizations, two counts of criminal conspiracy, 32 counts of theft by unlawful taking, 32 counts of defrauding secured creditors, and one count of unsworn falsification to authorities. Frank LoCastro is facing up 370 years in prison if convicted of all charges.
Vincent LoCastro has been charged with two counts of corrupt organizations, two counts of criminal conspiracy, 18 counts of theft by unlawful taking and 18 counts of defrauding secured creditors. If LoCastro is found guilty of all charges, he could face up to 206 years in prison.
Nicole and Joseph LoCastro have both been charged with two counts of corrupt organization and two counts of criminal conspiracy. They each face up to 80 years in prison.
Dang!!! How old ARE YOU NOW? Shocked to see you still posting on IHUB.
Well this guy was a liar! His last post...
TSXminer
Re: janice shell post# 351401
Friday, September 14, 2018 11:13:32 PM
Post#
351402
of 358314
Gotta go, but I'll start checking in more regularly. Nice chatting...
I'm trying to recall where I know you from?? I know it's been lots of years and that's I recall. Seem to remember agreeing with you somewhere.
Didn't realize BRK owned STNE chunk. I bought it about 5 months ago and am up 45%. The guys who started the company are from Brazil, so it's not like they went to the Caymans to avoid taxes. Grand Cayman is quite the thriving island when they aren't getting hit by hurricanes. Interestingly, you must have an income of $36k (well that was the number when I was there), to live there, so unlike Jamaica, the economy does well....and no taxes. But I digress.
I bought GNRC because I have noted here that with all the electric cars, we are having many more blackouts and it will get worse....at least in the better neighborhoods. Interestingly, for some reason I've noticed the cities almost secretly trying to upgrade the electricity in areas, as they were never built with electric cars in mind. The Infrastructure Bill isn't just a nice thing for the government, it is a necessity. Find more infrastructure stocks!
I bought HSY, HRL, and AA during Covid.( a buddy of mine who is the CEO of a large grocery chain mentioned it to me)...and forgot to sell HSY and HRL. They had big runs....and falls.
Some stocks I hold forever, but I still trade...which is the only reason I waste my time on IHUB looking for smart and real investors vs the penny stock mullets that grace most of the boards here.
Years ago, I had found a great stock picker....so I paid for his membership here so he wouldn't leave. He got into too many fights on the boards though and got booted. That has probably cost me a great deal. The guy was very good.
BTW, I won't buy any BRK now, because I'm convinced if I do, it will kill Warren. So for his good health I stay away.
Seriously, you really should be asking me, as I've been right every time. (don't believe me? Go look at my predictions. It's right on here for goodness sake!! Do some freakin' research!).
dolphin uses too short term of a chart for his predictions...can't believe he doesn't know this.
Anywho....I believe I predicted .191 the other day. It only hit .189 so I missed it by a tad, but nonetheless, it didn't make it and is now making a lower low. If your buddy Tom tells you any different, quit listening to him altogether.
In fact, considering he told people this stock was going to $19 as it hit $10, then said a month later he had sold at $10, I'd be a tad suspicious.
Also, considering it hit $10.01 for about a half hour then fell back and he claims to have sold at the top, would make me suspicious as well.
OK, so a pretty conservative portfolio. I don't have any CTAS or RSG, but it's funny how well some of the boring stocks can do. My biggest holding is KO. (well I think it still is? )
I may suggest looking into some of the new RILA's to replace your treasuries. You can stay in the market and get a higher income rate for life. I guess I have about 10% of my portfolio in various annuities. I'm a HUGE fan of income for life. I think taking away pensions and replacing it with 401k's was terrible for your average investor.
Sadly, I did not put $100k into $SMCI. I didn't understand the company enough and only bought 400 shares around $37.
My take is, it's not going to be good for the shareholders.....just guessing.
Don't mention it.......on second thought.....mention it.
You are the second person in a week to mention DHR to me. Perhaps the Universe is giving me a stock tip.
Of those listed, WTS appealed to me the most.
Key Competitors
ELECTRONIC EQUIPMENT: CONTROL AND FILTER
Name Consolidated Market Cap
- Current (MM) Sales
- Last Twelve Months (MM) EBITDA
Margin - Last Twelve Months Enterprise Value/EBITDA
- FY1
Pentair Plc 12,094.92 4,123 20.1 15.1
Xylem Inc 27,106.78 6,752 15.1 21.5
Mueller Water Products, Inc. 2,140.57 1,276 14.9 12.9
Idex Corp 15,994.8 3,296 29.8 18.8
A O Smith Corp 11,559.34 3,801 10.7 14.3
Zurn Elkay Water Solutions Corp 5,123.83 1,514 17.7 16.2
Flowserve Corporation 5,239.16 4,194 8.3 12.4
Watts Water Technologies, Inc. 6,598.92 2,011 19.1 16.3
I was gonna ask what's wrong with the chart? Up 100% in three years. Plus a dividend that rises every year.
JPMorgan, BofA In Talks to Finance $13 Billion DocuSign Buyout
Banks, private credit firms mull $8 billion financing package
Preferred equity needed in either bank or private credit deal
In this Article
JPMORGAN CHASE
173.73USD
–0.36%
BANK OF AMERICA
33.55USD
–1.35%
DOCUSIGN INC
58.93USD
–3.27%
Have a confidential tip for our reporters? Get in Touch
Before it’s here, it’s on the Bloomberg Terminal
LEARN MORE
By John Sage and Ryan Gould
February 1, 2024 at 1:59 PM CST
Updated on February 1, 2024 at 2:25 PM CST
Listen
2:35
Wall Street banks including JPMorgan Chase & Co. and Bank of America Corp. are in talks to provide as much as $8 billion in financing for a buyout of DocuSign Inc. that values the company at around $13 billion, according to people with knowledge of the matter.
Jefferies Financial Group Inc. and Deutsche Bank AG are also among the lenders considering a role in funding what would be the largest leveraged buyout of the year so far, according to the people, who asked not to be identified discussing the transaction.
Private equity firms Bain Capital and Hellman & Friedman are jockeying to buy the electronic signature platform, but the discussions are still ongoing and could change, the people added. Direct lenders have also been eyeing ways to support the acquisition, Bloomberg previously reported.
Representatives for JPMorgan, Bank of America, DocuSign, Jefferies, Deutsche Bank, Bain and Hellman & Friedman declined to comment.
Given the purchase price and expected leverage of the buyout, both financing routes would need preferred equity to close the deal, the people said. The amount of debt banks can provide is typically lower than direct lenders, so the preferred equity amount would stand to be higher should they win.
Read More: Private Credit Duels With Banks for $8 Billion DocuSign LBO Debt
Shares in DocuSign fell as much as 4.7% after the Bloomberg report on Thursday, the most in intraday trading since early December.
Private Peers
Some of the largest lenders in the $1.7 trillion private credit market are hesitant to participate, according to the people. If provided by direct lenders, the financing would rank as one of the largest private loans on record, according to data compiled by Bloomberg.
DocuSign faces a significant increase in leverage due to the potential buyout, as the company has never had more than $1 billion of debt since going public in 2018, according to data compiled by Bloomberg. For private lenders, that potential ramp-up in leverage adds a risk — especially as DocuSign competes for users against less-levered companies like Adobe Inc.
Direct lenders have also been jousting with broadly-syndicated loan and junk-bond markets that have roared back to life. That’s allowed banks to offer more attractive pricing compared to private credit firms.
Competition between banks and direct lenders is reaching a fever pitch in other deals, too. KKR & Co. has been leaning toward a financing package provided by banks for its potential buyout of Cotiviti Inc. Investment banks are also ahead of their private credit rivals to provide a €3 billion ($3.25 billion) debt package backing a potential buyout of Techem GmbH.
Ð....I REALLY need to quit watching $SMCI!.....it's been about a week since I sold, and probably 4 days since I missed my 10 minute window to get back in. Sold at $487 as a genius. Today it is $577, (up another $48 today) and I'm doing the math at how much I left on the table. I swear it's gonna come back down to fill the gap! I swear....well I think...hope..it will.
I always find it interesting going back in time to read the posts from the good and bad times.
What I typically find in penny stocks are posters who seem to either understand how to play the market....or are involved themselves with the manipulation of the share price. All should go back and notice how certain posters just vanished......like the guy below who reads so much smarter than those of you who have hung around.
It's like reading the AMC and GME board where those who missed the big run up, complaining daily that they were screwed, and then swear it will happen again.
You, that are still here over the years should really realize they had their opportunity. The reason they had the chance to make money turns out because the CEO was lying and committing fraud. But nonetheless, you had your shot.....and apparently blew it.
Read this guy....he got it...
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156704515
I see where you were quoted in a WSJ article. Another who sold at the top? I'm sure you let everyone know you were selling, right?
I would just like to find ONE person who ever admitted they sold while reporting good news on the board. This is what you had to say....
d0lphint0m
Re: Blueheel1 post# 89130
Tuesday, June 30, 2020 6:04:48 PM
Post#
89244
of 229383
Based on the last 3 rallies: December, March and June; we had 400% rallies from the lows (except for one 200% move) which means that if the low today 4.65 holds then the next move should be to around $19.00 minimum.
Nahhh, I typically post to expose penny stocks, not buy into them.
I haven't a clue about this one. Just wanted to call out a hypocrite here.
If you are curious about what I'm buying, I post them on the board below AS I'M BUYING typically....or as I'm selling. All quite transparent.
https://investorshub.advfn.com/Derfs-Grotto-1450
If you want to avoid my contemplating life posts, just read the ones with this symbol ....Ð.....in front of them. That's the FD insignia.
Instead of gold, look to $PHO. Moving up at about the same pace, and which commodity is more important?
I don't know who this guy is, but can't disagree with his points. Although one day not far in the future, I can see Treasuries being downgraded.
You have some interesting ideas on here. I already own HSY, STNE, GNRC.
RTX looks to be breaking out right now and I think I'll buy some. Nice
BTW, if you've never looked into $LECO, you owe it to yourself.
Very intriguing company. Bonuses to employees is typically equal to their annual salary, all based on production.
Every year, the employees vote for their bosses. One giant happy environment that makes the best warranty products and the place running smoothly.
Ð....I've been touting South America lately as an area to look to invest, but just noticing today that Mexico has broken out. One way to invest is $MXY, although I guess $MXF is much easier, or $MXE if you are looking for a tad more conservative.
I'm seeing shares being sold, with lots more to dump this morning.....
02/01/24 09:48:14 AM 5 0.0165 5 0.0170 609 X 10100 BBO
02/01/24 09:48:14 AM 5 0.0165 5 0.0170 609 X 10000 BBO
02/01/24 09:48:14 AM 5 30000 0.0169
02/01/24 09:48:11 AM 5 0.0169 5 0.0170 300 X 10000 BBO
02/01/24 09:48:03 AM 5 0.0169 5 0.0172 300 X 200 BBO
02/01/24 09:48:03 AM 5 0.0165 5 0.0172 609 X 200 BBO
02/01/24 09:48:03 AM 5 0.0165 5 0.0172 609 X 100 BBO
02/01/24 09:48:01 AM 5 0.0169 5 0.0172 300 X 100 BBO
02/01/24 09:47:38 AM 5 0.0169 5 0.0173 300 X 100 BBO
02/01/24 09:47:38 AM 5 0.0160 5 0.0173 783 X 100 BBO
02/01/24 09:47:38 AM 5 0.0165 5 0.0173 609 X 100 BBO
02/01/24 09:47:24 AM 5 10000 0.0169
02/01/24 09:47:21 AM 5 10000 0.0169
02/01/24 09:41:59 AM 5 8899 0.0167
02/01/24 09:41:32 AM 5 0.0165 5 0.0169 609 X 100 BBO
02/01/24 09:39:10 AM 5 9000 0.0167
02/01/24 09:35:58 AM 5 20000 0.0167
02/01/24 09:35:19 AM 5 42 0.0167 e
02/01/24 09:33:46 AM 5 2000 0.0169
02/01/24 09:33:18 AM 5 3000 0.0169
02/01/24 09:33:18 AM 5 5000 0.0167
02/01/24 09:31:13 AM 5 76000 0.0165
02/01/24 09:31:13 AM 5 0.0165 5 0.0169 590 X 100 BBO
02/01/24 09:30:53 AM 5 0.0165 5 0.0169 1350 X 100 BBO
02/01/24 09:30:52 AM 5 70000 0.0165
Next >
Ya know, I'm amazed....you've been here almost as long as I have, and have managed not to piss anyone off.
What are you doing wrong?
I thought the same thing........
Lets see if you will answer a real question, rather than your insult and run style of posting....
What are your thoughts on the lawsuit? Secretly......which couple of posters here do you think are the ones suing?
Were you as SHOCKED as I was to learn there are paid promoters here? Are you concerned that you may have been believing some of them
and basing your investment decisions on their untruths?
Lastly, do you now know what is a lie and what is the truth from the company?
P.S. let dolphin know the resistance is currently at .192....then again at .217
Nice. I'll check out your other links hopefully later today. I use much of the same criteria, but not as detailed. I'm more a technical analyst, and other than a handfull of stocks, mine are not hold forever. I typically am looking to put $100k into a stock, although sometimes I do it in pieces, and sometimes all at once.
The older I get, the more its about the strength and growth rate of the dividend.
If you don't mind me asking, you state you have 25% in stocks? Or is that in the market altogether?
Do you buy bonds? (One of the best things I've ever done was ladder out muni bonds to mature every year for 20 years). I did this long ago.
Also, do you do any annuities? I find most people don't really understand them. They have replaced the pension (if you find the right ones).
Also wondering if you wouldn't mind sharing your 10 biggest holdings.
FWIW, off the top of my head, my hold forever stocks are
LECO
EMR
CMI
Those are the core 3....
KO (but for a different reason)
added in the last 10 years...
AAPL
MSFT
PG
XOM
G used to be one
You have earned one of my coveted gold stars and will be preserved in my list of people to follow for good reasons.
First of all, that $5.95 thing is idiotic and the only fact related to paid posters is the current lawsuit PROVING there are and have been paid stock PROMOTERS here.
Personally, I don't care if you respond to me or not, but it makes you look like a dufus. I'm sure you're the one putting dumb thoughts in misiu's head.
AND, if you did half the research of posters I do, you'd find I have several times given people the support and resistance lines. The difference is, I've been correct, while you haven't at all.
Be flattered, you're probably about the 10th person here I've researched. Congrats on being a part of the dirty dozen.
You should make an effort to be consistent in your story though.....
The last breakout was a bull trap and those happen. The battered Accumulstion/Distribution chart spiked up which added to my optimism that yhe breakout was real. I bought stock on the breakout and still hold.
d0lphint0m
Re: fung_derf post# 229246
Tuesday, January 23, 2024 5:07:17 PM
Post#
229267
of 229374
https://stockcharts.com/h-sc/ui?s=CYDY&p=D&yr=5&mn=3&dy=10&id=p81205601771&a=1572357716&listNum=1
I admit that the breakout did not follow through. Chart sitting near all time low with Acc/Dis chart not attractive. I lightened up last week and will wait for the chart to look better.
Man, I have gone back and looked at your charting assessment and have to wonder (or hope) that no one listened to you. You give a bad name to TA.
Just one of your many that was a terrible read. The stock did indeed hit $2.25....then kept dropping to .23 a year later.
d0lphint0m
Re: CAJUN post# 151722
Monday, March 08, 2021 10:48:59 PM
Post#
151724
of 229366
As I said, support is 2.25 and resistance is 4.05. For traders I would be a buyer at 2.25 and a seller at 4.05. For long term holders it does not matter.
What is actually EXTREMELY interesting is this.....
In addition to the above statements, CytoDyn employed stock promotion firms that created
dozens of newsletters and internet postings to hype investment in CytoDyn and promote the use
of leronlimab as a COVID- 19 treatment, including firms named Emerging Growth, Proactive
Investors LLC, RedChip Companies, Inc., and the Wall Street Reporter.
For example. with respect to future leronlimab sales, on or about June 12, 2020, Emerging
Growth stated that CytoDyn. a company with no history of operational capacity, “expects to
produce 1.5 million vials of leronlimab in the next half of 2020 for 375,000 patients,” generating
“$2.5 billion in sales this year,” and “an estimated 6 million vials” for “$9.0 billion in revenue” in
2021 “if leronlimab receives regulatory approval.” The report concluded that “t’s astonishing
how undervalued this stock seems to be. . . . With close to $12 billion in revenues likely in the next
1 .5 years investors need to ask why the stock is trading at a 90% discount to just one times sales.
This is in pole position to be the first FDA approved drug to treat COVID-19.”
Black-Ops
06/11/20 10:34 PM
#84119 RE: Black-Ops #81567
A corrected Big Picture.
Just reviewed my earlier post. Note I was guessing 1 billion in revenue from Covid-19
Note that my Earnings guess per billion in revs is 1$ per share.
In todays conference call my numbers, the highest estimates on the street for Covid-19, now appear to be quite underestimated.
Nader P believes 2 1/2 billion from Covid-19 this year and 9 billion next year.
Think about that.
Under my EPS guess, earnings per share from Covid-19 will be 1$ per Billion in revenue, 9$ per share minus General and Administrative costs and all the costs of the numerous FDA Trials CYDY will engage.
Each trial may or might double Market cap again.
Others use the 10X Revenue valuation method. Lets use it as well.
2021 90 billion market cap based on 9 billion in revenue.
60 X current valuations which is close to 1 1/2 billion = 180$ per share.
If any readers recall my Big Picture posts, remember this post.
This could be the greatest victory I have witnessed. Never sell all your shares.
fung_derf
Member Level
Re: Zuess421 post# 83687
Wednesday, June 10, 2020 3:18:14 PM
Post#
83689
of 229365
Of course he CAN sell, but why would he?? This could be AAPL stock and I'd be concerned if Stevve Jobs was dumping a large portion right before his new iPhone was released.
You guys keep talking about any day now. Meanwhile, the volume is dropping off, the share price is trending down, and officers are selling stock.
I don't know how many indicators you all need?!
It may mean absolutely nothing, but today's trading reversed the chart and not in a good way.
Resistance currently at $18.68. It's just a dividend collector for me, but I wouldn't be opposed to it getting back to around $22.50 where it belongs.
I have a fixation on people who lie about their "investments".
So, why are you bashing another stock when bashers disturb you so?
That's because you hadn't said anything dumb here in a while.
Man! You are very quick to try to silence any information regarding the company.
Mike Leonard seems to be a highly reputable journalist....vs you....who pushes fake agendas.
Jan. 30, 2024, 12:12?PM CST
CytoDyn Leaders Hit With Insider Trading Claims Over HIV Drug
Mike Leonard
Mike Leonard
Legal Reporter
Email Mike Leonard
Tweet Mike Leonard
COURT: Del. Ch.
TRACK DOCKET: No. 2024-0072
CytoDyn Inc. investors are suing some of its current and former leaders over the company’s stalled efforts to commercialize an HIV treatment, with fallout that includes the prosecution of its ex-CEO for insider trading.
The lawsuit, filed under seal Monday, is the latest legal headache for executives at CytoDyn, who in recent years defeated litigation taking aim at their compensation and settled a case challenging their efforts to keep activist investors off the board.
The Vancouver, Washington-based biotech business is also suing Amarex Clinical Research LLC, blaming it for the setbacks plaguing clinical trials of the HIV drug, leronlimab, which ...
ALDRADJKD123
Re: Reegs post# 19456
Thursday, December 07, 2023 6:44:18 PM
Wrong again?? You've avoided posting here for over a month. (close to two months) Again, IHUB holds your history.
ALDRADJKD123
Re: MasterBlastr post# 134257
Monday, December 11, 2023 5:17:58 AM
Post#
134259
of 136033
Why are you bashing stocks?
So then you're saying you dumped all your stock while telling everyone to ignore me and hold tightly?
By the time I had a confrontation with you, the stock was well into its tank. You promised a bounce back to everyone, then vanished....I guess as long as YOU made money, it didn't matter who else you lied to.
And, if you HATE bashers, why are you doing it here?