Naked Shorting-Hedge Fund & Market Maker manipulation? Message Board

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Microcap & Penny Stocks : Naked Shorting-Hedge Fund & Market Maker manipulation?

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From: ravenseye	6/27/2007 10:26:07 AM
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June 26, 2007 10:10 AM ET Fairfax adds fund manager Chanos to suit Fairfax Financial, the Canadian insurance group, has added James Chanos, the US hedge fund manager, to the list of defendants in its private lawsuit against short-sellers. In an amended complaint filed late last week, Fairfax alleged that Mr Chanos's hedge fund, Kynikos Assoc, was part of a group of funds that used underhanded tactics to drive down its share price. The Securities and Exchange Commission has been looking into Fairfax's allegations. The amended complaint includes statements from Spyro Contogouris, the operative allegedly at the heart of the campaign against the Canadian insurer, saying Mr Chanos employed him as a consultant. Mr Contogouris was indicted by a federal grand jury in March on four counts of wire fraud that are not related to the Fairfax case.... read the rest @ newarkadvocate.com Rich People Are Awesome dealbreaker.com ...But this whole Jim Chanos of Kynikos versus Marc Spilker from Goldman Sachs, hedge fund/investment bank/hedgerow smackdown seems to have one clear villain, whose sense of entitlement is rivaled only by his ability to ignore legal documents.... ...(More or less completely unrelated: Spilker’s Hamptons neighbor on the other side is Stevie Cohen, whose shrubs nobody has the balls to uproot.)

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