Silver as an investment

Category Archives: Securities Fraud

Martin Shkreli: “Prison Life Isn’t That Bad”

Martin Shkreli says prison life at the notorious “Club Fed” jail in Brooklyn isn’t all that bad. The former Turing Pharmaceuticals CEO and recently convicted felon, whose bail was revoked last month after prosecutors successfully argued that Shkreli’s Facebook post offering $5,000 for a strand of Hillary Clinton’s hair represented a credible threat of violence. […]

Government By Goldman

Authored by Gary Rivlin and Michael Hudson via The Intercept, in partnership with The Investigative Fund, Steve Bannon was in the room the day Donald Trump first fell for Gary Cohn. So were Reince Priebus, Jared Kushner, and Trump’s pick for secretary of Treasury, Steve Mnuchin. It was the end of November, three weeks after Trump’s […]

“Class Envy Run Amok” – Fund Manager Asks Trump To Pardon Michael Milken

Twenty-three years after former Drexel Burnham Lambert executive Michael Milken finished a 22-month minimum-security prison sentence, one fund manager is lobbying President Donald Trump to pardon his past convictions, arguing that Milken’s prosecution was an example of anti-banker hysteria run amok. Wealth-management executive David Bahnsen told Bloomberg that he sent a plea to Trump asking […]

Steve Cohen Hoping To Raise $20 Billion For Re-Launch Of SAC Capital

Steven Cohen is hoping to raise $20 billion for a new fund he plans to launch soon after his ban on managing outside money expires in January 2018, the Wall Street Journal reports. If Cohen is successful, it would be the largest hedge-fund launch on record. The sum would exceed the $16 billion his former […]

Timeshare Fraud – the hot new securities fraud

Every now and again we at Elite E Services stumble upon business models in the course of our operation that are sometimes interesting but alarming at the same time – in this case, timeshare fraud.  After having our head held under water by combination of ugly circumstances (tough regulation making business impossible but at the […]

Martin Shkreli Suspended From Twitter For “Harassing” Female Teen Vogue Essay Writer

While hardly considered an “alt-right” personality (despite his professed support of Donald Trump), Martin Shkreli today encountered the full fury of the Jack Dorsey social media apparatus scorned, when his Twitter account was suspended. The suspension, reported first by The Verge, is allegedly in retaliation for Shkreli’s “targeted harassment” against freelance reporter Lauren Duca. As […]

In Rare Move, US Sues Barclays For Mortgage Securities Fraud

The market was waiting for the DOJ to announce the long-awaited settlement with Deutsche Bank today. Instead, it got news of a surprise lawsuit filed by the DOJ which sued Barclays after failing to settle a long-running probe into the UK bank’s involvement in pre-crisis mortgage fraud. Deutsche Bank and Credit Suisse are in settlement […]

Fiat Chrysler Shares Slide On Reports Of SEC Securities Fraud Probe

Fiat Chrysler is under investigation by the U.S. Justice Department for fraud, according to people familiar with the matter. As Bloomberg reports, prosecutors are scrutinizing whether the carmaker violated U.S. securities laws, they said. The inquiry is in early stages, according to two people, who asked not to be identified because the investigation is confidential […]

ZeroHedge: Blackstone Partner Stole $40 Million From Friends, Family; Blames It On “Gambling Addiction”

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. Earlier this year we profiled Andrew Caspersen's arrest. As a quick reminder, Caspersen is a 39 year old Harvard Law graduate and former partner at the Park Hill Group (formerly owned by Blackstone) who has been accused of defrauding investors […]

ZeroHedge: Senators Slam Loretta Lynch: End The Climate Change Witch Hunt

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. Exxon Mobile filed court papers in Texas last month seeking to block a subpoena issued in March by the attorney general of the U.S. Virgin Islands which alleges that Exxon is deceiving the public and shareholders about the effects of […]