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New DeepCapture Blog by Mark Mitchell *Unbelievable*


lessthaniv
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A few months ago, when I started my heated exchange with convicted felon Sam Antar regarding Overstock.com, a fairly well-known investment manager called me out of the blue.  I did not have a regular relationship with this manager, but had met this person in Omaha a couple of times.  This manager was concerned for me and said that I should be careful engaging Sam, because they were very good at what they were doing and were very well connected.  This manager genuinely just did not want to see me get tangled up into something.  So, as unimagineable as Mark Mitchell's scenarios seem, many of the alledged relationships he's throwing around are not nearly as far-fetched as they might sound.  Cheers!   

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this stuff would be right at home in a robert ludlam novel...unbelievable!

 

some of my fav parts:

 

<<In an upcoming story, I will tell you more about Ladenburg Thalmann’s role in the naked short selling scandal. I will tell you more about Pond Securities and its relationship with a man who remains a fugitive in Austria. And I will tell you more about Carl Icahn, who is not only one of the most “prominent investors” in America, but also a man with a certain cachet.

 

* * * * * * * *

 

Another employee of Gruntal – a fellow who sat next to Steve Cohen (later known as “the most powerful trader on the Street”) – was Stephen Feinberg, who had moved to Gruntal from Michael Milken’s operation at Drexel Burnham Lambert. Feinberg had been one of Milken’s most favored employees. Most likely, he moved to Gruntal (“the “shabby side of the Street,” as Fortune magazine described it) to reinforce the relationship between Gruntal and Milken’s nation-wide stock manipulation network.

 

Nowadays, Feinberg runs Cerebus Capital, one of the most powerful private equity firms in America. In an upcoming story, I will tell you how Cerebus loots the companies it seizes.

 

Its techniques have a certain cachet.>>

 

i cant wait for the upcoming stories that expound more on certain "techiniques have(ing) a certain cachet", especially among some of the so called prominent private equity & activist investors like icahn & feinberg.

 

 

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A few months ago, when I started my heated exchange with convicted felon Sam Antar regarding Overstock.com, a fairly well-known investment manager called me out of the blue.  I did not have a regular relationship with this manager, but had met this person in Omaha a couple of times.  This manager was concerned for me and said that I should be careful engaging Sam, because they were very good at what they were doing and were very well connected.  This manager genuinely just did not want to see me get tangled up into something.  So, as unimagineable as Mark Mitchell's scenarios seem, many of the alledged relationships he's throwing around are not nearly as far-fetched as they might sound.  Cheers!   

 

So what happened afterwards? Did you end up tangling yourself into this?

What are we supposed to do when faced with a similar dilemma? Call the authorities? (FBI, police?) or something?

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No, I backed off because I just don't have the resources to battle with them.  All I can do is bring attention to those that do have the resources and are fighting back.  And there's not too many of them...Fairfax...Overstock...the list kind of ends after that!  Cheers!

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I know a company that was sollicited to go public. My first reaction has been: "There is so much bums in Wall Street. You shouldn't do that". Naked shorting is just one of their tool.

 

There should me far more control over the activities of these hedge funds cowboys. They don't play on a fair basis. They are not investors. They see the market as a chaotic casino where they can cheat and harass everybody around them to make a quick buck.

 

May God forgive them.

 

 

 

 

 

 

 

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