UPDATE 7-3-14: I am reporting at Growth Capitalist hedgie Josh Silverman pulled their support of a New Jersey gaming permit for MGT in what appears to be a retaliation move against MGT CEO Robert Ladd for speaking to the press. Original Text There is a dirty battle going on between activist hedgie Josh Silverman and the CEO of an online gaming company his hedge fund, Iroquois Capital, invested in. I reported today for Growth Capitalist that MGT Capital Investments CEO, Robert Ladd, thinks … Continue
24 Feb
NanoViricides Lab Building in Foreclosure Litigation
A biotech stock that recently raised $20 million in registered direct offerings came under pressure this month by a short sellers research report published at Seeking Alpha. Connecticut-based NanoVircidies has been the subject of multiple stories I reported for Growth Capitalist over the last six months detailing alleged miss-use of company assets and inaccurate statements made in SEC filings. New information shows the research facility $NNVC has touted in press releases is currently subject to … Continue
17 Jan
Social Rejection?: Hedgie Steve Cohen Wants Out of East Hampton
The world’s most infamous trader wants to get out of East Hampton, NY. Yesterday I reported for the New York Observer that Stevie Cohen, of SAC Capital, is trying to broker a private deal to sell a $60 million ocean front home he bought less than a year ago. His reasoning, according to a person […]
Continue19 Dec
CT Hedgie Greg Imbruce Charged by State for Investor Fraud
A New Canaan, Conn. hedge fund manager was charged for violating at least seven state securities laws this week including fraud and misleading regulators. Howard Pitkin’s team at the CT Banking commission made a bold move and issued a cease and desist order against Greg Imbruce of Stamford-based ASYM Capital in an attempt to stop […]
Continue30 Oct
Biotech Firm NanoVircidies Sued For Executives Abuse of Assets
A Biotech company whose stock is soaring this year has caught the eye of short sellers after recent SEC filings showed possible self-dealings with company assets by its founders. I reported for Growth Capitalist last week, NanoViricides ($NNVC), was sued by a group of early angel investors in a shareholder derivative suit, filed in Colorado […]
Continue22 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, […]
Continue14 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 […]
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