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Alias Born | 12/31/2016 |
Thursday, March 11, 2021 12:24:14 PM
It's a different kind of investment strategy, and when the multiple aliases get involved, it is illegal in the US. But thankfully for him, iHub is based in UK, so the SEC has no jurisdiction or authority to pursue the matter. It allows him to set the price where he wants and con people into buying and selling by using his multiple aliases in conjunction with the L2 manipulation.
All the denouncement of the strategy in the world isn't going to change the fact that he's pulling a lot of money out of the stock while accumulating a very large position for when we finally do move to fair market value.
Traders/investors misunderstanding what's going on is a big part of why the scam is so successful.
I prefer to give it a more serious look rather than just denounce it.
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