In the summer of 2006  Whitney Tilson took me to lunch, and invited me to speak at his then-upcoming 2nd Annual Value Investing Congress on November 9 – 10, 2006. Here is Whitney’s original announcement: World’s Most Influential Value Investors to Gather This November in New York City The 2nd Annual New York Value Investing [...]

“Minkow’s manipulation of the market … caused a severe drop in the stock prices of a large local corporation. This type of deceit and abuse of trust will not be tolerated… we will investigate and prosecute stock manipulation cases to help protect the integrity of our capital markets…When false statements are disseminated to deceive the [...]

David Einhorn would have you believe that he is brave crusader against corporate malfeasance. The truth is, he’s a fraud who did serious damage to the markets.

“The Matrix is the world that has been pulled over your eyes, to blind you from the truth.” – Morpheus to Neo, The Matrix It is the mission of DeepCapture to show you, dear reader, that the financial world you inhabit, a world vouched-for in dulcet Midwestern tones by actor-spokesmen you recognize and trust, a [...]

(return to The Story of Deep Capture, Part 2) But America’s leading financial journalists have been busy. In January 2006, just days after The Wall Street Journal’s glowing profile of David Rocker, Tim Mullaney of BusinessWeek emails Patrick with a list of “Just admit it – you slit your girlfriend’s throat” style questions provided to [...]

(return to The Story of Deep Capture, Part 1) It is also important to recognize the role of The Depository Trust and Clearing Corporation (DTCC), an organization headquartered in New York City. DTCC is where stock trades are processed — more than $1.5 quadrillion worth of them every year. That’s 30 times larger than the [...]

On September 18, 2008, the SEC announced an emergency ban on short-selling. 797 tickers belonging to companies in the financial industry could not be shorted for the next three weeks. This was a drastic if temporary move, cutting off short activity cold-turkey to save the patient. Or, so it seemed at the time. The rule [...]

You can download a printable version of The Story of Deep Capture here. By Mark Mitchell, with reporting by the Deep Capture Team Introduction – by Mark Mitchell I began working on a version of this story in January 2006, while serving as an editor for the Columbia Journalism Review, a publication tasked with upholding [...]