Does anyone on this board know the real AZNT story?
The Company sued DTCC and Andy Mann of Vancouver for illegal naked shorting. DTCC settled during trial in a sealed settlement, and the Company got a $218 Million judgment against Mann, which he fled to Mexico to avoid service of the judgment. The Company's investigators reportedly found $1.8 Billion in his accounts. Mann was still hiding out the last report I had.
Illegal naked short selling results in the creation of a "counterfeit long" position, such as would be created by the illegal sale of an unregistered security. This is the counterfeiting of a commercial security, and as such is not only a violation of Sections 5 and 6 of the '33 Act, but in turn creates a violation of Section 17a of the '34 Act, for failure to enforce settlement.
The counterfeit longs created by the act of illegal naked shorting are created by a conspiracy to Counterfeit, a Federal Class B Felony, punishable by a prison sentence of up to 25 years, fines and forfeiture/restitution. Authority to investigate Counterfeiting falls to the Secret Service, now part of Homeland Security, under USC Title 18, Section 514.
If there is no problem with naked shorting, why won't the DTCC and the SEC just publish them daily or make them available electronically?
They can't explain that to anyone making the inquiry, so maybe they can give it to the FBI Agents who will be interviewing them and many of Anthony's members.
All a Stock Certificate represents is a package of rights. Can anyone here show me where either USC or Common Law Tradition permits anyone the right to sell something they have never owned? Right to disposition of an asset is a core ownership right. Where does anyone think they have the inherent or unalienable right to sell something they have never owned?
If I were to extrapolate this to other types of title, like real estate, I would have a parallel right to short your home out for under you, not only without your consent, but without your knowledge. And intermediate agencies would stand be between us to block me from finding your identity.
In thirty years in the business, I was continually informed that there was no more egregious or evil act against the law than the Sale of Unregistered Securities. The SEC let that go away in the name of Hedge Fund needs to short more than Margin Rules under Federal Reserve Reg T would permit them to.
The SEC, NASD, and other Government officials who have participated in the various Anthony sites have cost themselves their plausible deniability, and they will pay the piper for gross negligence, failure of oversight, and willful breach of fiduciary duty, among many other causes for actions, both civil and criminal. Their names are in the proper hands, and should Anthony be rightfully convicted, they can anticipate being named in a enormous series of new actions and indictments that will follow the Elgindy trial.
Suck it up all of you pool participants out there. You should have checked the law on pools and syndicates before you joined in. Not even Joe Kennedy Sr, or Bernard Baruch could get around these provisions after their raid on the market in 1929. It is too late to change anything already done, and again, the statute of limitations is not on your side. It is five years from the last overt act in either commission or perpetuation of the fraud/counterfeiting/theft. That leaves 90% of you hung out till mid to late 2007.
There is a small but very coherent community out there who will be guilty of "Schadenfrude" (German for gleeful gloating at another's misfortune) as you guilty members begin to have the "Felon" tag hung around your necks.
I remain, As Always, With Warmest Personal Regards, Sincerely, Yours in Christ,
LOL. |
