Follow-up to the Solar panel lending Ponzi: the CFO got his own 6 years in the clink.
Les bénéfices ça se divise, la réclusion ça s’additionne.

Follow-up to the Solar panel lending Ponzi: the CFO got his own 6 years in the clink.
Les bénéfices ça se divise, la réclusion ça s’additionne.
MSCI is removing the Russian stock index at zero, implicitly valuing the entire Russian equity market at nil. And it is correct.
Russian stocks are literally worth nothing.
Putin’s blitzkrieg plans for a regime change have met an efficient defense. He lacks air superiority and his logistics are deficient. His panzers have stopped. Most cities are under Ukrainian control. Meanwhile, international sanctions are swifter and much heavier than expected. He has protesters at home.
Did he get into an expensive quagmire?
The trumpets of a Ukrainian conflict are sounding loud and clear. War is at our doorstep.
Here is the situation update, the possible outcome and the likely impact.
$11 Trillions worth of hedge funds, half the industry, is barely disclosing any information to the general public. The SEC, which already has valuable information on this well-performing universe, is requesting more disclosure in their Forms PF.
Yet another Ponzi, this time with silver trading.
Gaylen Rust from the Rust Rare Coin company, may spend the next 19 year in prison for a $200m Ponzi fraud spanning two decades.
NatWest has admitted to market manipulation to the SEC.
The guilty admission will cost much more than the $35m fine.
It may become the SEC’s new policy.
The party is still going, but the band’s tune has changed.
Regulators are investigating the Buy Now, Pay Later (BNPL) industry.
China Evergrande Group has officially defaulted on $82 m of coupons.
Kaisa Group failed to repay a $400 m bond a few days before.
What happens now?
You always see the glitz around hedge fund portfolio managers – the parties, the mansions, the cars and the boats.
It’s not always like that. This WSJ article reveals quite a story of rags-to-riches.