"Lawyers" Posts
Roaring Kitty is a Wall Street lion

Roaring Kitty is a Wall Street lion

‘Roaring Kitty’, the rebel redittor behind GameStop, is actually a registered principal. His actions and background will harm him, his employer, and will change the industry.

This post explains Keith Gill’s actions, his investment and his supervisory background, and the responsibility of his employer, as they are stated in the class action lawsuit. We ask questions and ponder the long-term consequences.

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Paul Mora receives the first Interpol warrant in the Cum/Ex tax trading strategy

Paul Mora receives the first Interpol warrant in the Cum/Ex tax trading strategy

The first Interpol warrant has been issued in the Cum/Ex tax trading case.

Paul Mora, looked for by Germany, Denmark, and Belgium, is currently in New Zealand. Mr. Mora said that “he would skip his tax fraud trial because of New Zealand’s low Covid-19 infection rate and argued that he wouldn’t get a fair hearing in Germany.”


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Another Ponzi – $1.7 billion and 17,000 investors

Another Ponzi – $1.7 billion and 17,000 investors

The managers of GPB Capital have been using the life savings of many retirees to fund their lifestyle. They just got charged by the SEC.

From promises to arrests, GPB’s downfall is a textbook case of what can go wrong when investing. This article lists the initial red flags, which any investors should be wary about, as well as the many steps of their downfall.

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Previous Posts

BTCUSD 20220620

Crypto systemic risk

A systemic effect is currently unfolding in the digital space. Stable coins have been hit, then coins, then lenders, then hedge funds and now crypto exchanges. Unfortunately, the lack of regulation, of regulator, of risk constraint, or even capital buffer will make the fall even more painful.

Raphael Douady

Top French quant: Best mathematicians are in France, or Russia

Should data science be a area of mathematics or a science by itself? Raphael Douady, a prized financial market academic, contends that it is a science in itself, and that French and Russian mathematicians ranks among the best.


Allianz Fund Collapse Ends With Guilty Plea, $5.8 Billion Payout

Allianz Structured Alpha funds lost $7 billion of investor money in March 2020.
Gregoire Tournant, the portfolio manager, has been arrested.
The firm pleads guilty and will pay $5.8 in fines and restitutions.


Panel Ponzi Prison – Epilogue

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.

What statisics say about hedge fund fraud and tsarist regimes

Alternatives are complex and opaque. requiring both investment and operational due diligence.
New technologies now permit investment analysis, fraud detection, and operational risk measurement.


Barclay’s $600 m ETN blunder

Barclays has announced a loss of GBP 450m related to the sale suspension of OIL and VXX two weeks ago. The operational blunder is impressive.


RIP, Russian stocks

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.


Credit Suisse destroys evidence of oligarch yacht loans

Credit Suisse is taking advantage of the situation in Ukraine to eliminate evidence related to the Russian oligarchs’ tax evasion (money laundering?).


Why Bitcoin is not Russia’s salvation from sanctions?

Why isn’t Bitcoin/Blockchain Russia’s salvation from sanctions?
Many people are posting that Bitcoin and blockchain are somehow a solution for sanctions.
Below are reasons for why that line of thinking is not realistic.


Russia’s Sberbank is defaulting in Europe

With massive withdrawals and no central bank to come to its rescue, Sberbank Europe is defaulting.
Its London-listed stock is down 70%. The holding is owned in majority by the Russian government.


No plan ever survives contact with the enemy. Right, Vlad?

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 world’s dirtiest money, welcomed by Credit Suisse. Again.

A major leak has just revealed the details of 18,000 private accounts and $100 billion held at Credit Suisse.
The owners include the Who’s Who of corrupt politicians, money launderers, and warmongers.
“How many rogue bankers do you need to have before you start having a rogue bank?”

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