CRIME OF THE CENTURY
The Truth About Naked Short Selling in Juniors
INTRODUCTION
by Jim Puplava
On
March 31, 2007 I had the opportunity to interview Dr.
Patrick M. Byrne, Chairman and CEO of Overstock.com on Financial
Sense Newshour [FSN]. Dr. Byrne was interviewed by Bloomberg News'
Michael Schneider on March 14, 2007, the transcript of this interview
titled 'Phantom
Shares,' Failed Trades and Naked Shorts (Transcript) is still
available on Bloomberg.com. This interview, coupled with Dr. Byrne's
explosive slide presentation of the not-so-hidden corruption in our
financial markets called, The
Dark Side of the Looking Glass: the Corruption of Our Financial Markets,
motivated me to do my own investigation.
In
my FSN Annual Year End Review for 2007, Part 1, I briefly touched the
significance of my interview with Patrick Byrne. Since then and
throughout 2008, I have personally witnessed this abhorrent and perverse
action in junior mining shares. I am so appalled by this rampant abuse,
that I began a series on Financial Sense Newshour's "The Big
Picture" to expose this "Crime of the Century" [COTC] to our
listeners.
The
quote "The only thing necessary for the triumph of evil is for good
men to do nothing" is often attributed to Edmund
Burke. It is my fervent belief that Financial Sense visitors are
identified as good men and women, who search for uncommon truth in their
quest to become wise investors. In this regard, Financial Sense hopes to
provide accurate information in this series so that we all can do something
to stand against this evil practice of naked short selling.
| Financial Sense Newshour - Crime of the Century Broadcast series | |
| 06/21/2008 | Crime of the Century, Part 5: Summary and Conclusion with Eric King |
| 06/14/2008 | Crime of the Century, Part 4: Fingerprints at the Crime Scene, Protecting Mining Companies & Internet Rats |
| 06/14/2008 | Crime of the Century: Other Voices - Darin Diehl, Publisher & Executive Editor Stockgroup Information Systems, Inc. (Stockhouse Message Boards) | Transcript |
| 06/07/2008 | Crime of the Century, Part 3: Stock Fraud
with Wes Christian Real Player | WinAmp | Windows Media | Mp3 | Transcript |
| 05/31/2008 | Crime
of the Century, Part 2: How They Scam Individual Investors Real Player | WinAmp | Windows Media | Mp3 | Transcript |
| 05/24/2008 | Crime
of the Century, Part 1: The Agency Issue: Conflicts of Interest,
Fraud, Corruption & Crimes Against Investors with Eric King Real Player | WinAmp | Windows Media | Mp3 | Transcript |
| 12/22/2007 | Crime
of the Century, Annual Year End Review - Part 1 Real Player | WinAmp | Windows Media | Mp3 | Transcript |
| 03/31/2007 | FSN
Ask the Expert Interview: Patrick
M. Byrne "The Dark Side of the Looking Glass" Real Player | WinAmp | Windows Media | Mp3 | Transcript |
| Financial Sense Editorial Resources | |
| 12/21/2007 | Chairman
Harvey Pitt Speech to Coalition Against Phantom Training November 16, 2007, Mayflower Hotel, Washington, D.C. pdf format, 15 pages |
| 12/21/2007 | Naked
Short Selling: The Problem and the Solution pdf format, 4 pages with extensive references |
various |
Financial
Sense Search Engine on "Naked Short Selling" Various articles by contributors with reference to naked short selling |
| Filing
a Complaint Canadian Securities Administrators [CSA] Ontario Securities Commission [OSC] U.S. Securities and Exchange Commission [SEC] |
|
| Definitions Wikipedia includes historical references Investopedia includes related terms and articles |
|
| Financial
Regulator Fact Sheets The Depository Trust & Clearing Corporation [DTCC] U.S. Securities and Exchange Commission [SEC] Key Points About Regulation SHO Regulation SHO - Amendments | Federal Register Short Sale Restrictions Short Sales |
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Internet Resources
Message Board Bashers
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