A Biotech company whose stock is soaring this year has caught the eye of short sellers after recent SEC filings showed possible self-dealings with company assets by its founders. I reported for Growth Capitalist last week, NanoViricides ($NNVC), was sued by a group of early angel investors in a shareholder derivative suit, filed in Colorado federal court, claiming company executives Anil Diwan and Eugene Seymour are abusing company assets and have breached their fiduciary duties. Yet last month … Continue
22 Oct
Mastercard Hates Bitcoins
The new boss in charge of giving out a MasterCard licenses has no intention of allowing the brand or any bank that does private label cards to use Bitcoins. In fact, he nearly bragged to me about killing the BitInstant deal with a U.S. bank for the first planned $BTC card this year. Stephen Ruch, the MasterCard executive, is just a year into his job with the company, and while he monitors the Bitcoin space he told me he is still under the impression it's one big Ponzi scheme. Even after … Continue
14 Oct
New Canaan Cops Arrest Mogul’s Daughter Kalikow for Masturbation
UPDATE 10-15-13: THE NCPD HAVE FINALLY RELEASED THE NAME OF THE SENIOR OFFICER ON THIS ARREST. IT IS SGT. JOHN MILLIGAN. Original Text The daughter of the former owner of the New York Post, Kathryn Kalikow, is having a rough time managing life at a local rehab center in New Canaan, CT. Last night a […]
Continue11 Oct
SunTrust Pays a Billion for cheating Fannie & Freddie on Mortgage Loans
This week we learned SunTrust had to pay around a billion dollars to settle with the government over the mortgage fraud they committed against the GSEs. News of this investigation detailing how the bank committed the fraud was first reported by me at finance trade publication Growth Capitalist in November 2012. This means there is […]
Continue9 Oct
Regulators Investigating Firms Sub-Account Use in Shorting Stocks
Government regulators are investigating investment firms that set up sub-accounts with their broker dealers to mask illegal short selling schemes. I reported for Growth Capitalist this week that FINRA and the SEC are currently doing a sweep of hedge funds and their brokers dealers for the use of sub-account under the hedge funds master account […]
Continue3 Oct
Thanks Readers: Your Donations Fund Great Journalism
It’s my 41st birthday today and I wanted to say to thanks to all the readers and fellow financial journalist who have helped make teribuhl.com a news publication over the last three years. Last year we raised a few thousand dollars to revamp the look of this site which made it easier to read on […]
Continue26 Sep
JP Morgan Shareholders: I told You RMBS Settlements Would be Mega Billions
The U.S. government and its regulators want a lot of money from Jamie Dimon’s bank because they think the institutions it owns did some really bad things when selling mortgage backed securities to every tom, dick and harry on The Street. This is a story I’ve done original reporting on for three years now starting […]
Continue20 Sep
Casino Investors claim Hedgie Plainfield designed Equity Grab Scheme
Plainfield Asset Management is back in the news for their role in an alleged predatory lending scheme with a Colorado casino. I reported for Growth Capitalist this week investors in American Gaming Group sued the manager of Wildwood Casino for getting a sweet deal from hedge fund Plainfield to buy the millions in debt the […]
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