Yippy, Inc. (YIPI)

[novicetrader1]

After Granville refused to accept Hanover’s “meticulous” October 2013
Accounting – which Hanover has now disowned – Hanover declared Yippy in default.
Again, there is absolutely no reason why Yippy should have ever been in default
because, at any time, Hanover could have sold Collateral Stock.
At deposition on April 27, 2016, Ari Sason admitted that Magna and Hanover
had “rearranged its books and records” (his words) regarding the Collateral Stock.
After wrongfully declaring Yippy in default, Magna and Hanover directed their broker
(Deutsche Bank) to retroactively reverse sales of more than 600,000 shares of Yippy
stock, and instead credit those sales to a brokerage account held by an affiliated entity,
Magna Group LLC. This was never disclosed to Yippy or Granville.
Ari Sason testified that Arthur Tendler of Deutsche Bank was the person at
Deutsche Bank who personally handled the “rearranging” of Magna / Hanover’s
holdings of Yippy.