Are you a former wise guy? Somebody the mob laid off during the financial apocalypse? If so, you could square things and pull down a bundle ratting out Wall Street under the Federal whistleblower program. The Post has prepared a submission you can use. Just go to the link below, find the online form, and fill it out using the statement printed here.
We’re not asking you to touch base with us or anything. When the story hits the airwaves, we’ll know our whistleblower project has been successful.
Just note the size of your Federal whistleblower reward before making a decision.
U.S. Office of Special Counsel
http://www.osc.gov/
Wall Street racketeering assisted by malfeasance within the Securities and Exchange Commission has defrauded investors for generations, using the same scam over and over again. Their swindle works like this:
Investors value equities largely by comparing stock prices to earnings per share estimates (EPS) that security analysts at Wall Street firms calculate and publish. EPS is based on the number of shares issued by a public corporation as reported in its audited financial statements, adjusted to reflect various corporate transactions.
Meanwhile, when the time is right, traders in another department of those same Wall Street firms coordinate attacks with others in the financial community to issue counterfeit shares to themselves and sell them to the public, adding more and more and more of these phony shares to the number of real shares in those audited financial statements, driving EPS lower and lower and lower. Investors who are being sold fake shares are never told that somebody's being hoodwinked into holding bookkeeping transactions here, not real company stock recorded with the corporate registrar. The public doesn’t know that published EPS estimates are made a fiction by this clever racket. As part of the sting, sellers of the bogus shares even pay, out of their own pockets, dividends on the fake stock that they issue to themselves and then dump into public hands, filling out the deception.
At market bottoms, there can be a hundred phony shares being offered for sale for every one real share looking to be bought, in effect, bringing an EPS estimate of, say, $4.00 down to $0.04. That stock price really should fall from 40, or whatever, to 40 cents because its value has been gamed by financial racketeers flooding the point of purchase/sale with illicit faux paper that doesn’t belong there.
To drop EPS that much, financial wise guys don’t have to mix 100 times as many bogus shares in with real ones. Just keep that 100:1 ratio going at the intersection where buyers and sellers meet, which becomes easy to do when your criminal activities bully buyers into fleeing the marketplace.
In Vegas parlance, the balance between buyer and seller, which determines the price, gets fixed.
This is called short-selling, and the racket has been covered up for generations by the Securities and Exchanges Commission, whose sole role appears to be focused on explaining everything away. Public investors buying phony shares aren’t told that somebody's stock isn’t recorded in the registrar’s books here, so victims only buying a bookkeeping transaction never know they‘re not paying for a genuine transfer of real shares of stock. SEC staffers flat out ignore the effect fraudulent shares have on EPS, and they themselves join perps in making and restating excuses for counterfeit shares, sometimes saying phony shares are “borrowed“ from some undisclosed party or place, other times that they are “located“ there, wherever there is and whatever “located” means. Fraudulent dividends are labeled “payments in lieu of dividends” and allowed to look like the real thing when paid into victims‘ accounts.
Fact is, short-sellers get to use their own play shares and can issue themselves as many as they want. Play shares against real shares held by real investors duped by not being told what’s really going on. Wall Street firms are treated by the SEC as if these wise guys are entitled to rip off everyone’s savings.
Who loaned short-sellers Bank of America stock at 50 in 2008 and took it back at 3 in 2009? Why hasn’t he gone postal on my TV? Is he the beneficiary of a pension fund not telling him they are putting his benefits at risk? Has he simply been conned into keeping securities in a margin account without knowing what that means? Or whose stock was “located” then, and why does “located” even change anything? When were these victims told their investments were being used by somebody else? And who told them what their holdings were being used for? Especially the suckers whose purchases had only been bogus bookkeeping transactions to begin with. Everything about this swindle defrauds the public, and was purposely designed that way.
By Wall Street firms I include major financial service companies with investment research departments and stock trading operations as well as all the hedge funds rubbing our noses in their criminal business model blatantly based on the short-selling swindle. As for public investors, we’re looking at every shareholder in America who’s been menaced or fleeced by the racketeers since markets developed for stocks in the 1800‘s, including market crashes as well as short-selling attacks on market sectors or individual stocks during this period of time.
The misinformation campaign tries to draw a distinction between short-sales held overnight and day trades, which are short-sales closed out in the same market session. There’s no difference to the people being swindled, or in the effect on EPS. This obfuscation just makes it possible for racketeers to claim that shares sold short and bought back the same day aren’t bogus, feeling they can get away with this lie because day trade audit trails aren’t run through a transfer agent’s ledger.
Financial firms account for customer shares as a pool, registering them as owned by some entity that the firm controls. This is done to hide transactions when short-sellers issue fraudulent shares to themselves. If every real owners’ name were printed on stock certificates or registered with the company they‘ve invested in, bogus sales would be segregated and readily classifiable by accountants as illegal.
Furthermore, if these racketeers short-sell somebody else’s stock without telling them, where is the line between borrowed and stolen shares? Employees and retirees included in pension funds, for example, are never told Wall Street racketeers borrow (or locate) shares held in those funds and drub the market with them, and are certainly not asked to let this jeopardize their benefits.
Wall Street racketeering and SEC malfeasance have defrauded investors and crippled world economies to the tune of trillions and trillions of dollars since the the agency was established in the 1930’s to prevent such scams from taking place. I hereby claim the appropriate reward as an outside whistleblower.
Based on conservative assumptions, an accountant at The MacDougal Post says my reward works out to 347 billion dollars.
