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 |
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various
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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] |
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| Definitions
Wikipedia includes historical references |
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| Financial Regulator Fact Sheets
The Depository Trust & Clearing Corporation [DTCC] U.S. Securities and Exchange Commission [SEC] |
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Internet Resources
Message Board Bashers
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