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http://www.faulkingtruth.com/Articles/Commentary/1064.html
Once a Liar, Always a Liar
By Mark Faulk
August 17, 2006




From now on, don’t believe a word of anything the SEC tells you. Chances are, they’re lying. In a courtroom, they call it “impeaching the witness,” Attorneys refers to it as the “Once a liar, always a liar” scenario.


Over a year and a half after the story of a little company called Global Links Corp. was first reported by the late Gayle Essary at FinancialWire.net, Dave Patch of investigatethesec.com has exposed major fraud on Wall Street, and a blatant cover-up by the SEC. In that story, which was cited by Senator Bob Bennett in a Senate Banking Committee hearing in March of 2005, where he questioned then SEC Chairman William Bennett about naked short selling, 50 million shares were traded in the first two days after a single shareholder, Robert Simpson, bought every single share. In fact, another shareholder, Paul Flotos, bought 15% of Global Links stock after Simpson bought 100% of the company, and both shareholders registered their purchases with the SEC, claiming 115% combined ownership in a company that was still trading tens of millions of shares on a daily basis.


Now, Dave Patch has received, through the Freedom of Information Act, SEC records confirming that over ten million counterfeit shares of Global Links stock were dumped into the market immediately after the company did a reverse split and reduced the total share count to just over one million real shares. The brokers sold millions upon millions of fake shares, and the SEC covered it up. In fact, almost six million shares still remained undelivered as of the end of 2005. In classic cover-up mode, by calling the counterfeit shares “long fails” instead of “short fails,” the recent list only shows 6,800 shares short for Global Links. So…only 6,800 counterfeit “short fails,” but millions of “long fails.”


I repeat: Don’t believe a word of anything the SEC tells you.


To read the rest of this article, go to:
http://www.faulkingtruth.com/Articles/Commentary/1064.html