Microcap Attorney Jaclin’s Co-Conspirator Turned DOJ Witness in Shell Factory Scheme

Jaclin-atwork-pic

A 20-year veteran of Microcap financing deals, attorney Gregg Evan Jaclin, has been charged with running a shell-factory shop and securities fraud for nearly a decade. Yesterday I reported at Growth Capitalist the government has been building their case against Jaclin and his co-conspirator Imran Husain for years. Jaclin is accused of filing false opinion letters that allowed stock, which U.S. securities law says should be restricted, to freely trade within months of a private company going … Continue

Unsealed Bear Stearns emails shows Executives lied about Bank Failure

Paul Friedman, Sam Molinaro, Warren Spector

For a few months I've been fighting behind the scenes to get a private civil fraud lawsuit against Bear Stearns and its senior leaders Jimmy Cayne, and Warren Spector unsealed. I won that battle last month in Manhattan federal court and discovered a war chest of internal emails by over a dozen Bear Stearns executives and confidential communications to its regulator, the Securities and Exchange Commission, that showed these men have misled the public for 8 years on the how, when, and why Bear … Continue

Elio Motors Trades Up but Main St Investors Couldn’t Get Shares Deposited

This story has been updated Elio Motors IPO is still facing trading obstacles because thousands of mom and pop investors in the company can’t get the shares they bought in an equity crowdfunding campaign deposited with retail brokers. Since I first reported Elio’s troubles, on February 24th, at Growth Capital Investor the company told me […]

Continue

Fairfield Police Telling Friends Christopher Andrews was off his Meds Day of Killing

Who killed Chris Andrews

Neighbors and friends of a Fairfield, Conn. family who became victims to a fatal police shooting as a result of a domestic violence call say they are baffled why 51-year old Christopher Andrews would harm his family. But loose-lipped cops in Fairfield, Conn. are telling their friends attorney Christopher J Andrews had suddenly gone off […]

Continue

JP Morgan Pays Off Ambac for Full Amount of RMBS Fraud Claim

I once told millions of RT’s Keiser Report viewers JP Morgan was going to pay at least $1 billion dollars to mortgage insurer Ambac for Bear Stearns committing system wide mortgage-back securities fraud and then trying to cover it with accounting tricks. Last night that report came true when JPM settled with Ambac for $995 […]

Continue

Former NY Giants Amani Toomer’s brother Indicted in Mircocap Fraud

Donald toomer jr

Some of the bad actors who aided top New York attorney Adam Gottbetter in years of stock manipulation were exposed this month when they were charged criminally by the New Jersey DOJ. We know now Gottbetter’s criminally enterprise consisted of the brother of one of NY Giants best wide-receivers Amani Toomer and a Homdel, NJ […]

Continue

Feds Finally Arrest DiScala’s Microcap Attorney Ofsink

Ofsink Twitter Profile

It took the Dept. of Justice over a year to use documents seized in the arrest of microcap financer A.J. Discala to nab his deal lawyer Darren Ofsink of Merrick, NY and the co-founder of the broker dealer, Halcyon Cabot Partners, DiScala used to allegedly execute stock manipulation in multiple emerging growth companies. In an […]

Continue

Hedgie Greg Imbruce Found Guilty of Civil Theft Against Investors

Greg Imbruce of ASYM

A New Canaan hedge fund manger, Greg R. Imbruce has been ordered to pay triple damages for committing civil theft against his investors in ASYM Capital. The three year legal battle that included accusation of fraud and defamation ended in a $7.8 million award for investors and the loss of management and performance fees for […]

Continue