One Step Ahead

[SPARK]

Update on Dateline NBC Naked Shorting Report
By: gojgmha
15 Aug 2004, 03:38 PM EDT
Msg. 56586 of 56591
Jump to msg. #
Pssst....rumour...what Dateline has... :
1. Former Under Secretary of Commerce Robert
Shapiro has reportedly told Dateline that the Illegal Shorting and stock manipulation has attributed to $500 Billion to $1 Trillion in economic losses to Investors.

2. Recently convicted individuals for securities fraud have reportedly informed Dateline of the mechanisms to the stock manipulation including the bribing of US Brokers via the use of pre-paid credit cards as well as the Bribing of Regulatory Officials empowered to protect the Investors.

3. Dateline has reportedly spoken to "Players" who have identified the Banking locations (Bahamas, Bermuda, etc?) where Offshore Hedge Funds are being used as the tool to manipulate the securities. Major US Firms are Investors in the Funds seeking quick and easy profits.

4. Dateline has reportedly been provided evidence of the 5 major US Organized Crime families being implicated in this securities fraud scandal as well as links to Terrorism leading into Saudi Arabia among other locations.

5. Finally, Dateline has reportedly spoken to
ex-executives of the Depository Trust who have explained in great detail the operations of the DTCC and how that operation is helping in this fraud. The DTCC hides the level of illegal trades (settlement failures) that are the means to the stock manipulation.

Everyone should contact Dateline and get them to do the story on illegal shorting. Here is the addy. I sent them an e-mail. [e-mail]

Sharon Hoffman is the producer for this piece.