8) The Hijacking of Social Media

“Social media” refers to that portion of the internet media spectrum generated by and for the masses: typically blogs, wikis and message boards.

The true strength of social media: anybody can contribute.

The true weakness of social media: there’s no truth detector to help readers differentiate the wheat from the chaff.

Illegal stock manipulators eagerly take advantage of this fact by using social media as a tool of disinformation. The posts you’ll read in this section seek to expose these miscreants’ attempts to mislead investors, regulators, and members of the traditional media.

Darl J Dumont: dedicated stock message board troll

April 16th, 2008 by Judd Bagley

I would like to address the one interesting and worthwhile point made by the toy army deployed to attack this effort and those people presumed to be part of it.

It came in the form of a question posted to Yahoo’s Overstock.com message board by topangan90065, which reads as follows:

Take a good look at antisocialmedia.net

Go ahead. Take a good look at antisocialmedia.net. Read every word. Help me figure it out.

Just who is the target audience supposed to be? I don’t think anyone not already immersed in the Arcana of Baloney could make heads nor tails of it. You would have at least to have heard of Gary Weiss, and to have given him some credit to be discredited.

And for those of us who ARE immersed, pro or con, what is the goal here? What would it take to make someone STOP thinking Bob is full O’Baloney, and STOP thinking Patty is Wacky?

And suppose, against all odds, they should finally succeed in completely discrediting Gary Weiss?

SO EFFING WHAT? Does that wash out even one KILO of CRUD from the Overstock Warehouse?

Wacky Patty, this whole thing is so DEEPLY WEIRD, it is all past the point of no return.

The question of whom we’re targeting as our audience and what they should learn here is one that this team has been slightly divided over from the beginning.

But here’s what we’ve settled upon:

Just as the existence of a watch requires the existence of a watchmaker, the existence of an organized and well-financed effort to discredit and attack opponents of something requires the existence of proponents of that thing.

In this case, the “thing” is an illegal form of stock market manipulation called strategic failure to deliver. Victims of this form of fraud are many, and include Overstock.com, Novastar Financial and Circle Group Holdings, to name a few (and you’ll understand why those three are mentioned in a moment).

Our goal, from the beginning, has been to demonstrate, with real examples and in real time, the active existence of a “watchmaker” whose job it is to marginalize those who’ve spoken out against the practice of strategic failure to deliver. The past 48 hours have done more than any other period in this blog’s history to demonstrate this and we sincerely thank topangan90065, scippioafricanus, wilburonefor4, azteca_ace, garyweissisright, and the rest of the crew for putting in such long hours for the cause.

That said, let us address a specific point in topangan90065’s comment, but doing so in the context of who topangan90065 really is: Darl J. Dumont of Los Angeles, CA.

darl.gifDarl, seen here, is a software developer most recently employed by Dolphin Imaging. He at one time lived in Topanga, but now lives nearby, in the 90065 zip code, where the streets are quiet but the incomes don’t generally support heavy duty investing, especially for an old school programmer who at times finds himself freelancing between gigs.

Yet, in the past year, Darl made over 2,540 posts – as many as 55 in one day – to Yahoo message boards. Of those, all but six posts attack three companies: Overstock.com, Novastar Financial, and Z-Trim Holdings (formerly Circle Group Holdings). Of those, the lion’s share of posts are dedicated to attacking the people who run them, especially if they have spoken out against the illegal practice of strategic failure to deliver (following the lead of Gary Weiss, he calls this practice “baloney”).

So when Darl asks:

Just who is the target audience supposed to be? I don’t think anyone not already immersed in the Arcana of Baloney could make heads nor tails of it… And for those of us who ARE immersed, pro or con, what is the goal here? What would it take to make someone STOP thinking Bob [O’Brien] is full O’Baloney, and STOP thinking [Patrick Byrne] is Wacky?

…we hope he appreciates the irony of providing the answer to his own question, and additional weight to our claim.

Post script: In the year since this post was first published, Darl has, very much to his credit, dropped the pseudonym and now posts (at a much lower level) under his real name. Furthermore, his contributions now often border upon objective. The difference, I posit, is anonymity, which I believe will prove to be the Achilles Heel of the Internet.

Posted in 8) The Hijacking of Social Media | 2 Comments »

Gary Weiss, Amazon.com sockpuppet

April 16th, 2008 by Judd Bagley

UPDATE: as explained here, shortly after the following post was published, all of the reviews of each of the five “reviewers” examined were deleted by the reviewer himself, whom we posit to be Gary Weiss. Consequently, the links to the original reviews included in this post lead to blank pages. Still, we leave the post in its original state for your consideration.

You were probably expecting this installment of Antisocialmedia.net to be entirely about Gary Weiss. Sorry, it’s not. At least not exclusively.
Instead, this is a story about ten authors and five Amazon.com reviewers, and how Gary Weiss unites them all.
We’ll start with writer Daniel Strachman.
Daniel Strachman
Strachman is a business writer, whose list of published books includes Getting Started in Hedge Funds and the biography of former hedge fund owner Julian Robertson, A Tiger in the Land of Bulls and Bears. Strachman’s books are sold in many online venues, including Amazon.com, which is notable for its reader-contributed book reviews. An examination of the reviews of Strachman’s Getting Started in Hedge Funds reveals an unusual degree of polarization and negativity, especially for a title of the non-fiction, “high level overview” genre.
The most recent (11/2006) review of the book was submitted in April, 2005 by someone who merely self-identifies as George (Needham, MA).
Here’s what George wrote about Getting Started in Hedge Funds:

 

 

 

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In 1996, Julian Robertson filed a $1-billion libel lawsuit against Gary Weiss and his then-employer Business Week Magazine. Robertson insisted, and Business Week later admitted, a story about Robertson, penned by Weiss, contained some overt inaccuracies.

In A Tiger in the Land of Bulls and Bears, Strachman offers Robertson’s view of his clash with Weiss, and BusinessWeek, and quotes Weiss as saying:

“I understand how he could be upset because the article was negative. Although [Robertson] did have a few good years after the article came out, it did prove correct because he did have to close.”

In the interim, Gary Weiss has used the web to take shots at Robertson more than once. The successful efforts to delete the Wikipedia articles on a Robertson-funded scholarship and another on Robertson’s wife Josie were both instigated by Lastexit, one of Gary’s confirmed Wikipedia sockpuppet accounts, and (in direct violation of Wikipedia rules) supported by Mantanmoreland, another Weiss sockpuppet.

A worthy companion to Strachman’s horrid biography of Julian Robertson, which it resembles. Tepid, tedious and superficial, utterly devoid of any redeeming value, this is the kind of book that makes you wonder if Wiley is actually a publisher. The correct term appears to be “printer,” with no consideration given to the merits of the book. (George)

It’s not immediately clear why someone would give the author of a “horrid biography” a second chance, but we’ll assume George has his reasons. To better understand what those reasons are, we could read George’s review of the Robertson book.

Unfortunately, despite having read it, George opted not to review the Robertson biography, although we do find another review, submitted by Rich Golden (New York, NY), that comes unusually close to what we imagine George might write.

A horrid little book that reads like the kind of “vanity” tome that CEOs privately print for their friends and relatives. You know, books with titles like, “Forty Years at the Helm of Acme Industries.” It’s that bad.

Strachman glosses over Robertson’s mistakes — little things like his fund going OUT OF BUSINESS — and is filled with errors and inconsistencies. Shame on Wiley for publishing such pap. (Rich Golden)

Note how both George and Rich Golden employ the term “horrid,” and both single out the publisher Wiley & Sons for criticism — keeping in mind that most readers are rarely even aware of a book’s publisher, much less prone to assign blame or credit for a book they’ve read.

Another notable exception to that rule is reviewer Jim O’Reilly (New York, NY), who hated the Robertson bio and also blames the book’s publisher.

This book reads as if you had programmed a computer to produce the worst possible book about Julian Robertson. It is awkwardly written, hagiographic in the most egregious way possible, and omits so much that you really have to question the motives of the author in writing this book…

Really dreadful, and I am surprised that a major publisher would produce swill such as this. (Jim O’Reilly)

Apart from their shared dislike for the work of Daniel Strachman and disappointment in the editorial judgment of Wiley & Sons, what else do George, Rich Golden and Jim O’Reilly have in common?

To learn, let’s look at their reviews of other authors.

Frankie Saggio
On April 9, 2005, one day before his thrashing of Strachman, George reviewed Frankie Saggio’s autobiographical Born to the Mob.

Pathetic. You got to hand it to this Saggio guy–the scams never end. Now comes his latest scam, which is this book, which he obviously just made up completely. Anyone could have written this book using stuff that appeared in the media…Pretty miserable and pathetic stuff. (George)

Interestingly, we find that Jim O’Reilly also read and reviewed Born to the Mob.

Total garbage–don’t be conned by shills.

I have only myself to blame for buying this piece of crap, on the basis of eighteen reviews — most from “A reader” and all sounding alike.

 

 

 

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A psychologist might classify this review as a good example of Freudian Projection.

And I didn’t bother to check that practically all the “reviewers” who could be checked had reviewed only this book. Gee, what a coinkidink that a book that is barely selling and is put out by a doggie-do publisher should get so many “raves.” See if you can guess who probably wrote all those reviews…A total crib job, a real fraud from a read fraudster. (Jim O’Reilly)

Two weeks after Jim O’Reilly weighs in, reviewer Marty Ross (Houston, TX) expresses his disappointment with Saggio’s effort.

I’ve read pretty much all the books on [organized crime] that have come out in recent years, and this one is one of the absolute worst…When you think about how many great books there are on the Mob, particularly Wise Guys by Nick Pileggi and the Jerry Capeci books, or more recently the great book by George Anastasia, you have got to have your head examined to read a book like this. (Marty Ross)

To learn more about Marty Ross, let’s read his reviews of other authors.

Salvatore Lauria
In November, 2003, Marty Ross reviewed The Scorpion and the Frog by Salvatore Lauria, and offers a very telling bit of insight when he strikes a comparison between that book and another true crime tale released that same year.

A tedious book, poorly written, boring, superficial, and lacks credibility.

 

 

 

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Weiss (as Mantanmoreland) also complained about Lauria’s having changed some names in an edit to the Wikipedia article Pump and Dump:

Pump and dump fraud was explored in the anonymously written books License to Steal and in The Scorpion and the Frog. Both books explore pump and dump schemes in some detail but, unlike Born to Steal, do not provide the real names of the specific firms and people described. (Mantanmoreland)

The author has changed some names and left others alone, which makes me wonder which names are true and which are phony. Or I would wonder, if I cared–which I don’t.

It covers much the same ground as a much better book called Born to Steal, as I only discovered after buying the book and reading a short way into it. Even writes about some of the same gangsters and stock promoters, such as Roy Ageloff and Frank Coppa, but what was vivid and fascinating in Born to Steal is limp and uninteresting here. A shame, as this is a subject that definitely warrants another book. (Marty Ross)

Mr. Ross’s criticism of Lauria is echoed by reviewer Ted Dichtler (Monroe, NY).

Self-serving, poorly written, uninformative.

The “readers” who gave favorable reviews to this book are obviously pals of the author, if he has any left, as no one else would find anything even the slightest bit worthwhile about this book. This patently dishonest tripe is simply not worth buying. Take it out of the library if you want to read some boring garbage some evening you have insomnia and need to sleep. (Ted Dichtler)

To learn more about Ted Dichtler, let’s read his reviews of other authors.

Selwyn Raab
Ted Dichtler was disappointed by Selwyn Raab’s Five Families: The Rise, Decline, And Resurgence of America’s Most Powerful Mafia Empires.

 

 

 

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Selwyn Raab covered the organized crime beat for the New York Times and wrote a high profile expose on the Mob’s infiltration of Wall Street which ran in the middle of BusinessWeek’s three-month long series on the same topic, written by Gary Weiss.

I bought this book in the hope that this would be a kind of mob version of the Encyclopedia of New York City — a kind of comprehensive treasure trove of lore, as promised.

Unfortunately, the book fell short of my expectations. It is far too unfocussed and poorly written, as even the obligatory Times review noted today, and also it provides only very slim information on recent developments in the Mob.

Mob books are a glut on the market, so every new one must pass a higher and higher bar. This one might have been a real winner ten years ago but today it is not. (Ted Dichtler)

Mr. Dichtler’s review, posted September 11, 2005, came just one day after a review of the same book by Rich Golden.

…I read it through quickly, skimming through all the old stuff, all the rehash that I had read before, which was pretty much everything.

…It is boring, pedantic, and not at all well-written…One problem with this book is that it is based on public records, and thus has a kind of second-hand feel. Also it has very little on the latest doings in the mob — just a few paragraphs on stock fraud schemes for example, even though they are the mainstay of the mob lately.

The title of the book says that there has been a “resurgence” of the Five Families. But there is nothing in the book that talks about that, except for a few pages toward the very end, so he simply does not support his thesis…This book fails in contrast with the superb reporting of Robert Lacey in his book on Meyer Lansky– Little Man — or the fascinating recent book on Mafia pump and dump schemes, Born to Steal. (Rich Golden)

Two weeks later, on September 28, 2005, Jim O’Reilly reviews the same book.

Also it does a limp job of describing the most recent Mafia scams, and lays an egg by promising a “resurgence” in the title but failing to deliver. No new analysis, no new facts. Bah

This book falls flat on its keister — as fresh as last year’s newspaper and as riveting as the Brooklyn telephone directory. What Raab has done is to take a lot of Mafia lore from the public record and pour it like molasses into these pages. (Jim O’Reilly)

George, Rich Golden, Jim O’Reilly, and Ted Dichtler all seem to have a lot in common. At the very least, we see that they hate the work of the same writers. Can the trend continue? Let’s find out by looking at another author.

Michael Mandel
Ted Dichtler read Michael Mandel’s Rational Exuberance, but couldn’t find anything positive to say in his original review posted August 24, 2004.

 

 

 

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Strangely, this review was substantially edited on or about November 15, shortly after it was revealed that the origins of Gary Weiss’s Amazon.com reviews would be a forthcoming topic on this blog.

The edited version gives five enthusiastic stars, where Ted Dichtler’s original (cached version available here) gave one.

The problem with this book is that it posits one strawman after another–particularly liberal economists like Krugman. But the basic flaw in his argument is that there really aren’t a lot of people out there who are “against progress and innovation,” no matter how many rationalizations he may use to present that thesis.

So what we have here is an author trying to drum up a “controversy” that doesn’t exist, which doesn’t work on an intellectual level and apparently isn’t selling many books either, judging from the Amazon sales rank. (Ted Dichtler)

Coincidentally, Ted Dichtler’s review was posted just a few weeks after our friend George thrashed the same book.

 

 

 

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Michael Mandel and Gary Weiss were colleagues at Business Week until Weiss left the magazine in mid-2004. Mandel remains at BW as Head Economist.

No wonder this book is a dud.

Michael Mandel’s book has laid an egg, but you can only understand why if you make the mistake of picking up this book and reading it. This same gent, who “predicted” the Internet depression (after it already happened) now seeks to burden us with the believe that all these hobgoblins out there are the “enemies of growth.” But his arguments are unconvincing and poorly presented, in prose that is hackneyed and academic-dull. (George)

Despite his almost visceral aversion to Mandel’s Rational Exuberance, ten months later George opted to read yet another book by the author, The Coming Internet Depression.

Nice going, Mandel. He predicts a decline in Internet stocks in a book that comes out in October 2000– AFTER the market falls. He predicts a “depression” when what we got was a mild recession. Mandel’s next book is about the dangers that iceburgs pose to ships like the Titanic, and how we have to watch out for Al Qaeda. (George)

So far, among reviewers Rich Golden, George, Ted Dichtler, Jim O’Reilly, and Marty Ross, we’ve seen instances of cross-over among everybody but Marty and Rich. Until now…

Rebecca Smith
Among the first to review Rebecca Smith’s 24 Days: How Two Wall Street Journal Reporters Uncovered the Lies that Destroyed Faith in Corporate America were Marty Ross and Ted Dichtler. In fact, they wrote their reviews within four days of each other, starting with Ted.

Readers who believed the publisher’s hype and expected another fast-paced sophisticated thriller along the lines of All the President’s Men or Indecent Exposure are going to be disappointed…Power Failure is a much better and more interesting book. This one simply fails to generate enough, pardon the expression, wattage. The writing is lackluster and book is simply not a very good read. (Marty Ross)

Like Ted Dichtler, reviewer Marty Ross also warns readers against falling for the publisher’s “hype,” in addition to offering the book Power Failure as an alternative, and concludes by attacking the quality of the book’s writing.

 

 

 

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Gary Weiss is an active consumer of Enron-related material, and wrote a column on the topic for Salon.com.

Forget the hype–this book is a bomb. The authors could not get access to the real players in the Enron drama, so they did what they thought was the next best thing and wrote about themselves…Power Failure told the story from the inside. This book tells the story from the outside and not as well. The writing is pedestrian, the insights marginal. Avoid. (Ted Dichtler)

Arthur Levitt
After leaving the Chairmanship of the SEC, Arthur Levitt started writing books, including Take On the Street: What Wall Street and Corporate America Don’t Want You to Know.

 

 

 

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Upon conclusion of his month long Wikipedia absence, one of Gary Weiss’s first edits was the following, made to the Wikipedia article on former SEC Chair Arthur Levitt, where he noted:

During Levitt’s tenure at the SEC, he was widely viewed as a pro-investor advocate and received favorable press coverage. However, more recently has come under criticism for failing to act against 1990s bull market abuses. Critics include former Wall Street Journal reporter Charles Gasparino, author of Blood on the Street, and Gary Weiss, who harshly criticizes Levitt in his 2006 book Wall Street Versus America. (Mantanmoreland)

Marty Ross spent part of his Christmas Eve, 2003 offering up this review of Levitt’s book:

This book needs to be read over again, in conjunction with Gary Weiss’s scorching expose of Wall Street, “Wall Street Versus America.”He excoriates Levitt’s record as SEC chairman, and points up the yawning gaps and omissions in this book. *

I read this book when it came out and I thought that it was self-serving and generally of no value whatsoever. Now I went back to it after reading the Weiss book and I found it was actually a pretty contemptible piece of work after all. (Marty Ross)

*Though dated 12/24/2003, this review makes reference to Gary Weiss’s second book, which was not published until 4/6/2006. Just though it was worth mentioning.

Charles Gasparino

 

 

 

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Charles Gasparino has been the subject of attacks by Gary Weiss for Gasparino’s defense of SEC subpoenas issued to financial journalists and commentators, including CNBC’s Jim Cramer.

Rich Golden reviewed CNBC Wall Street reporter Charles Gasparino’s Blood on the Street: The Sensational Inside Story of How Wall Street Analysts Duped a Generation of Investors but here again, had nothing positive to say about it.

Haven’t I read this before? Henry Blodgett is a liar! Oh my. Stop the presses! That’s the kind of breathless, naive tone of much of this book. Puh-lease. I’ve read this all before. (Rich Golden)

James J. Cramer
CNBC’s Mad Money host Jim Cramer also writes books. Ted Dichtler read Jim Cramer’s Real Money and it appears to have changed his life.

 

 

 

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Gary Weiss seems to adore Jim Cramer and frequently defends him on his blog.

Totally loved it. Am a great fan of Cramer’s from watching his TV show and this book packed the same wallop as his show. I’ve read many books on investing and this one is right up there with One Up on Wall Street in the classics of investing. A big booya! (Ted Dichtler)

George read Cramer’s Confessions of a Street Addict and was touched.

You may not like Jim Cramer–I find him a little abrasive–but you can’t deny that he is a riveting and excellent writer. This book is one of the best inside accounts that has come out on Wall Street, and by far the best book ever to come out on the hedge fund biz…Instead of portraying himself as “philanthropist” or other self-indulgent crap that we get in other books of this kind, we have an honest, warts and all portrayal.

The shame is that a lot of the negative reviews on this book are a result of its chief asset, which is its honesty. (George)

Gary Weiss
The combined passions of George, Ted Dichtler, Marty Ross and Rich Golden converge around Gary Weiss and his books Born to Steal and Wall Street Versus America.Ted Dichtler on Born to Steal:

 

 

 

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This review is dated 5/4/2003, which is between 0 and 38 hours after the first possible opportunity to buy the book in stores (Warner Books only lists the publication date as “5/03″)..

Good gawd, this is the best book I have read in a long time–and definitely the best book I’ve ever read about the Mafia or Wall Street. It is funnier and more knowing than Liar’s Poker, and much more disturbing than any of the James Stewart books I have ever read. And it is a cut above any book I have ever read about the Mob–thrilling and funny at the same time…It is reminiscent of the story that Nick Pileggi told in Wise Guy or the movie Goodfellas, but with considerably more humor and with a more entrancing style. At times I laughed out loud!Born to Steal is a winner! (Ted Dichtler)

Ted Dichtler on Wall Street Versus America:

A solid, well-researched appraisal of the various ways Wall Street in its various guises can and does rip off the public.

This book is a considerably broader look at securities industry practices that Weiss’s previous book Born to Steal, and in this broader canvas he paints a picture that is more disturbing. In Born to Steal the protagonist was a young punk from the fringes of society. In this book society itself is to blame.

The book is tough on pretty much everyone involved, but is toughest on Arthur Levitt, who presided over the SEC in the 1990s. Highly recommended. (Ted Dichtler)

Rich Golden on Born to Steal:

It’s interesting to contrast this detailed, fascinating account of Mob pump and dump schemes with the much-hyped “five families” compendium that just came out the other day, and which I found to be pretty lame.

What sets this book apart is its rich detail. Instead of relying on secondary sources like some Mafia writers, Born to Steal takes it all from the horses mouth, a kid from the streets of Staten Island who was lured into a Mob brokerage house…

What is particularly compelling about this book is that it shows the Mafia in decline. There is no “resurgence,” as one recent author argued. On the contrary, the mob seems to have regenerated to becoming a shadow of its former self. It is now little more than a street gang.

This book is compact, engrossing and a great read that is informative. Well-written and witty too, it brings out the irony in every situation. (Rich Golden )

Rich Golden on Wall Street Versus America:

A solid, tough-minded yet breezy examination of nefarious Wall Street practices by a master investigative reporter…This book is a good supplement to Born to Steal but covers a much broader canvass.

Weiss does not hide his contempt for Wall Street hypocrisy, and his treatment of the financial media is refreshing.
I would recommend this book to anyone reading Joel Greenblatt’s Little Book That Beats the Market. I happened to like that book very much, but here we get a differing point of view, which is that stock-picking systems don’t work. I think both points of view have validity, and likewise I would recommend that readers of this book should read Greenblatt’s.
I just read Cramer’s new book and it definitely conflicts with that too. Again, it is the philosophical difference between value investing and efficient markets. Both need to be understood by investors.

Overall I came away from this book a little shell-shocked, but it definitely makes convincing arguments and does so with zest and wit. (Rich Golden)

Marty Ross on Born to Steal:

I laughed out loud reading this book, which is a really exciting read as well. This book reminds me a lot of the Scott Turow books, but it doesn’t take itself, or its cast of characters, quite as seriously.

Even so, this book gets into the mind of the criminal better any I have ever read, as is as good a tour of Wall Street–and the Mob–as I am sure I will ever find. (Marty Ross)

Marty Ross on Wall Street Versus America:

I’m surprised that more attention hasn’t focused on how this book takes aim at the financial press. It is definitely a case of ready, aim and fire, and Weiss scores a bullseye.

The book is a sometimes raunchy, always very funny examination of all things related to Wall Street. But I liked most how he totally rips to shreds the financial press from stem to stern. Nobody escapes his slingshot, not even his own colleagues at Business Week…

 

 

 

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Tim Picks actually first used the “Eddie Haskell” line to refer to Goldman Sachs back in 2002.

This book is filled with many funny lines, with Bear Stearns is the “Eddie Haskell of Wall Street” and the New York Stock Exchange as acting in a “vampiristic” fashion. The crazy thing is that when you think about it, you realize it is all true! (Marty Ross)

George on Wall Street Versus America:

Wow! This book blasts its way across Wall Street and doesn’t pull any punches. Weiss is acerbic, insightful and very very funny…A solid, fast read that should be on the shelf of every investor in America. (George)

George on Born to Steal :

Start reading this early in the day. Why? BECAUSE YOU CAN’T PUT IT DOWN!!!!!

I took this book to the beach during the July 4th weekend and made the mistake of starting to read it in the afternoon. There I was as the sun was setting at 8, and I was still reading it. Everyone was gone and I was squinting as the sun went down. That’s how electrifying this book is.

Louis Pasciuto is a parochial school kid from Staten Island who has a slight character-development issue: He steals. He stole when he was a small child and as a teenager he found just the place to practice his craft. Wall Street beckoned, in the form of a well-groomed stock scammer named Roy Ageloff.

Such is the setup for one of the most readable stories that have come down the pike in a long time. Weiss’s portrayal of the world of Wall Street and the Mafia is extraordinarily revealing. I heard this is going to be a movie and I can see why.

I don’t want to give away any of the plot, as this is one of those books that you read with your hand on the page to keep from letting your eyes wandering down to see what is happening in the future. It was an education on the subject of Wall Street, and I came away from reading this book with a wealth of education that I hope will make me into a smarter investor.

One thing about this book that is surprising is how entertaining and funny it is. You wouldn’t expect that from a book about Wall Street or the Mafia. But Weiss has extraordinary comic sense and he brings out the irony in some characters who are at once loathsome and fascinating. He also makes some sharp observations on the abysmal failure of Wall Street regulation and the moronic character of so much that has been written about the Mob.

Born to Steal is a winner in every respect. (George)

But what about Jim O’Reilly?

Interestingly, Jim O’Reilly was the only one of the five who never reviewed Gary Weiss’s books.

However he did the next best thing: he reviewed The Sanity Check Blog, run by Weiss’s avowed mortal enemy Bob O’Brien.

Check Your Sanity At the Door.

This is arguably the worst website on the Internet purportedly devoted to the stock market and investing.

This website promotes the lastest variation on a very old, long-discredited conspiracy theory that occasionally makes the rounds. It is now being promoted by a consortium of stock promoters and is led by Patrick Byrne, the famously flaky CEO of Overstock.com, whose demagoguery is prominently featured on the site.

Let’s start with the name: “Sanity check.” In a sense that is correct, because you have to “check your sanity” at the door. The purpose of this website is to confuse, frighten, misinform and mislead investors.

Enter the site and you are told that the purpose is to promote a “market reform movement.” But as you penetrate the layers of this site, you see that what the site operator has in mind is one issue and one issue only: something he describes as “stock counterfeiting” or “naked short selling.”

As you go through the site, you see that every problem the market faces, from microcap fraud to Enron, supposedly boils down to a mammoth “conspiracy of miscreants,” and that yet another conspiracy has been whipped up to cover up the central conspiracy.

Therefore Enron was not the fault of its management. Various microcap frauds were not the fault of stock promoters or company officials. Companies don’t decline because they are bad companies. Their stocks decline because of a “conspiracy of miscreants” and “bad guys.”

It’s all laid out in this slick, well-financed website, written for the express purpose of deceiving the public by experts — the boiler room con men made famous by the movie Boiler Room.

These same con men and their allies are the principal advocates of the “stock counterfeiting conspiracy” theory advocated on this website.

To further this lurid tale, which is advanced by several “blogs” on the site, the website takes highly technical securities processing esoterica and weaves grotesque conspiracies around them.

Central to its premise is the idea that “fails to deliver,” a commonplace occurrence in the market that does not disadvantage investors, is somehow a cover for mammoth “stock counterfeiting.”

The “experts” spouting nonsense on this site are microcap stock promoters and a “Dr. Jim,” who is promoted as an “expert on securities processing” but was recently outed as a dentist in Oregon.

Why devote a website to a non-existent problem? Because the principal proponents of the “stock counterfeiting” conspiracy theory are microcap stock promoters seeking to create a smokescreen for their own activities. Some of their wares, such as a crummy delisted mining company called CMKH and a mob stock manipulation called Eagletech, are promoted on this website.

In this website you see a lot of references to “bad guys” and “miscreants.” They are never stock promoters or actual criminals, but rather people seeking to bring actual fraudsters to justice. The “enemies” of this “market reform movement” are viciously attacked and villified in a manner more suited to a cult than a “stock market reform movement.”

 

 

 

Additional Information

This review was posted on 3/11/06. Two days later, Gary Weiss blogged about TheSanityCheck.com and Bob O’Brien’s then-recent attack on Jim Cramer’s character.

Among the central villains of this tale are regulators, Eliot Spitzer, and investigative journalists who have targeted the “stock counterfeiting” myth, and these are villified and libeled routinely, along with other “miscreants” such as CNBC host Jim Cramer and the Depository Trust and Clearing Corp.

The webmaster of the site, not surprisingly, carefully guards his identity in order to avoid being sued or subjected to prosecution for the lies and stock promotions contained on this website.

So if you own a stock that has declined and want to blame somebody OTHER THAN THE COMPANY — this site is for you. You’ll be deceiving yourself, but that’s understandable because the people who run this site are experts at deception.

And with that, gentle reader, we rest our case.

Antisocialmedia.net again calls on Gary Weiss to end his seemingly limitless online charades.

(Ready to run up the score a little again? OK, how about this…)

 

 

 

Additional Information

Blogger is the blogging platform Gary Weiss uses (exclusively).

Jim O’Reilly also reviewed Blogger.com:

…my blog utilizes the blogger.com platform exclusively. (Jim O’Reilly)

Jim O’Reilly also reviewed two DVD compilations of the Naked City television series.

 

 

 

Additional Information

Confirmed Weiss sockpuppet Tomstoner is the single largest contributor to the Wikipedia article on the Naked City tv series.

Image Entertainment has really outdone itself with this outstanding collection from one of the best television shows ever to be shown. Am waiting impatiently for the remaining shows to be released on DVD. (Jim O’Reilly)

Marty Ross thrashed Arthur Waskow’s A Time for Every Purpose Under Heaven: The Jewish Life-Spiral as a Spiritual Path with particular zest:

 

 

 

Additional Information

Gary Weiss (Mantanmoreland), apparently felt no conflict of conscience when he brought an administrative complaint against an editor named Awaskow (presumably Arthur Waskow) for editing the Wikipedia article about him.

…Awaskow is obviously Arthur Waskow or, far less likely, impersonating him… Both this user and sockpuppet should be blocked from editing indefinitely, since he is clearly here solely for self-promotional purposes. (Mantanmoreland)

The World According to Waskow should be the title of the totally nonsensical, wretched collection of claptrap. Arthur “East River” Waskow should hold the title of “rabbit” and not “rabbi” because all he has done here is taken his personal political and pseudo-social agenda and coated it with a think shellac of Judaism. I took this book out of the library.

I returned it. You should do the same. (Marty Ross)

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Floyd Schneider: a paid stock message board basher unmasked

April 16th, 2008 by Judd Bagley

Because Gary Weiss was found to be behind the first real example of multi-ID message board bashing to be publicly proved, and because it was apparent from writing and posting styles that one person was making a large percentage of all bashing contributions to the Yahoo boards in particular, we concluded that Gary was generally responsible for most all of it.Well, as we’ve gone on to learn, thanks to more advanced techniques and a few golden tips, we were missing much of the full picture.

The truth is, lately Gary Weiss seems to be playing a decreasingly significant role on the various message boards where the likes of lamborghini751, cupandsaucerwithsugar, state_police_retiree, and bobobaloney once roamed.

And in many places where we long suspected Gary, we’ve instead come to discover Floyd D. Schneider, of Newton, NJ.

Gary: we’re sorry for accusing you of something you didn’t commit…as much as we suspected, anyway.

Floyd: we wish to express our deep disappointment in your decision to make a living out of lying.

Want proof?

Exploiting Yahoo’s Dissembler Sorting Algorithm bug (which we were sworn never, ever to reveal, so please stop asking) we determined that the following seven Yahoo messageboard usernames were tied to the same individual: strethoechasity, returnofstockdung, baloneymarch, zorro20934, china39846, charlesp0nzi, and floydtheoneandonly

Using Google, we found several legal filings, including this one, which make it clear that:

…“floydtheoneandonly,” “charlesp0nzi,” “thetruthseekercom,” are pseudonyms used by Floyd Schneider.”

It seems Schneider has been sued multiple times for making defamatory statements about companies in anonymous message board settings, such as Yahoo and Silicon Investor, and it’s been shown to our satisfaction that he did so for compensation and in coordination with hedge funds shorting the stock (or worse).

In other words, Floyd Schneider is the embodiment of the mythical “paid basher” you’ll find he spends an inordinate amount of time denying exists. In fact, he had been an associate of the convicted naked short seller Anthony Elgindy who, in one of the most famous posts on his siliconinvestor.com website, outted Schneider as a paid stock basher, severing their prior relationship at the same time.

Think about it…someone Elgindy (possibly reading this from his prison cell) considered excessively mercenary. Wow.

A more detailed analysis of Schneider’s posting patterns will soon follow, but here’s a quick summary of the companies he has most ferociously attacked in recent years:

  • Xybernaut
  • Matrixx Initiatives
  • Overstock.com
  • Novastar Financial
  • Escala Group
  • Cenuco
  • Hythiam
  • Lucent Technologies
  • iMERGENT

What do each of these companies have in common? They’re all targets of the illegal market manipulation technique known as strategic failure to deliver, as manifest by their presence on the so-called Reg SHO Securities Threshold List, indicating chronic failed trades of a company’s stock.

To better understand that issue, watch this presentation.

Posted in 8) The Hijacking of Social Media | 19 Comments »

Yolanda Holtzee’s House of Mirrors

April 16th, 2008 by Judd Bagley

Before reading what follows, it’s important to know that Yahoo! message board aliases ymh_ymh_ymh, ursa_of_245_park_avenue, ursa_383_madison_avenue, and ursa_minor_245 all belong to Yolanda Holtzee. You can read more on these relationships here.

According to a Wall Street Journal story dated April 18, 2006 (reprinted here, one week later):

In 1998, hoping to make more cash, [Holtzee] began managing money, she says, for a handful of wealthy individuals. She says she stopped taking in new investors in 2000 and won’t disclose her firm’s assets under management or its performance.

Ms. Holtzee refers to her company, Alcap LLC, as an “investment club” and says she employs two traders in Connecticut and a compliance officer.

Holtzee’s first apparent mention of the fund appears to come in January of 2002.

11-Jan-02

Yolanda, as ursa_of_245_park_avenue, first mentions the fund, which she called ALCAP, LLP. Here she explains what that name means.

26-Jan-02

Two weeks later, ursa_of_245_park_avenue hints as to her fund’s performance

Heebner’s returns are not as good as mine by any stretch of the imagination

In a subsequent post, Holtzee continues:

It’s not a hedge fund, per se. It’s a private investment partnership called ALCAP, LLP aka Casino Ursa.

30-Jan-02

Here Yolanda, as ymh_ymh_ymh, offers insights into the holdings of “Casino Ursa aka ALCAP,” also noting:

Ursa does a great job making Marc and his boys much Richer.

14-May-02

Here ymh_ymh_ymh discloses the cost of a new trading account at Casino Ursa (ALCAP, LLP)…or is she promoting trading accounts at Bear Stearns?

…Who’s ready to dump SCH, ET, and AMTD and trade up to my boys and girls at BSC? 500K minimum on a trading account, kids. Casino Ursa ain’t cheap but it’s worth the price.

24-May-02

Following much confusion by her fellow posters over several seemingly contradictory statements by Holtzee about the nature of ALCAP, ymh_ymh_ymh offers this explanation:

It’s a trust fund, LLP type and it is known as the holding company, ALCAP. No listing for it. Small and private.

9-Jun-02

Yet two weeks later, Yolanda, as ursa_383_madison_avenue, goes out of her way to suggest that she actually works for Bear Stearns.

…Yes, my firm, took many dogs public and our clients got those shares at offer price. Our clients sold those dogs in late 1999/2000 for the most part and we shorted the living hell out of them and made some very nice money taking them downhill skiing. Our clients are not naive. Our brokers are the world’s best. My firm’s trading within 10% of an all time high. My firm is the might Bear Stearns (BSC:NYSE)…Our clients are happy. Our brokers are happy. Our price chart is BEAUTIFUL. We are the mighty Bear Stearns (BSC: NYSE). BSC stands for Breakfast of Super Champions. For more on my firm, please view my YHOO profile.

ursa_383_madison_avenue’s user profile, static since May 15, 2002, lists as her profession “Hedge Fund Manager.”

14-Nov-02

Five months later, ymh_ymh_ymh says she’s back in the hedge fund business.

I co-manage a hedge fund called ALCAP. We’re offshore, not registered.

At this point, it’s unclear whether Holtzee’s ALCAP is a hedge fund, a trust fund, or an investment club, and why Bear Stearns continues entering the picture.

But much more interesting is the question of what role billionaire Marc Rich plays in this fund.

Recall the above comment from January 30, 2002, in which Holtzee commented: “Ursa does a great job making Marc and his boys much Richer.”

Now compare that comment with the remnants of a comment made by Yolanda as ursa_minor_245 on a since-deleted thread, dated August 28, 2000, and captured by another poster here a few months later.

by: ursa_minor_245

(F/Zug, Switzerland)

8/28/00 3:16 pm

Msg: 9274 of 11531

…For the record, and the 5th time at least: I don’t work for BSC and I have never worked for BSC. I don’t want to work for BSC or ANY hype house. They don’t pay enough. I serve Marc Rich, the best trader that ever lived, Baar none. You make as much money as you want serving him. No rules…just go for it.

Subsequent comments by Holtzee make it clear that she is in fact referring to fugitive billionaire Marc Rich, who at that point had yet to be pardoned by President Clinton.

If true, this admission of directly engaging in commerce with an expatriate fugitive whose indictment on tax fraud in 1983 was called the “biggest in history” is shocking.

Furthermore, the possibility that the shadowy ALCAP/Casino Ursa/Bear Cub Capital Management, which, depending on when you ask the question, is either a trust or a hedge fund or an investment club organized as an LLC or LLP, that either is or is not affiliated with Bear Stearns, might have served as one of Marc Rich’s notoriously numerous offshore money laundering or campaign finance law-skirting vehicles should be investigated.

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Paid bashers: cracking the code

April 16th, 2008 by Judd Bagley

Third Point, LLC is a hedge fund run by Daniel Loeb, also known on stock message boards as “Mr. Pink.”

Michelle McDonough (formerly Michelle Sarian), is a convicted felon who has spent one year in prison for securities fraud. Today, as before going to prison, McDonough has a company called Magic Consulting.

Floyd Schneider is a prolific message board poster, whose many pseudonyms can typically be found repeating the same drumbeat of fraud and executive incompetence. Schneider’s posts frequently encourage shareholders to file SEC complaints and/or join shareholder lawsuits.

Yolanda Holtzee is also a prolific message board poster, most notably as Ms. Mint Green, who holds herself out at a close associate of Daniel Loeb/Mr. Pink. Holtzee is also frequently found to be encouraging shareholders to complain to the SEC and participate in shareholder lawsuits.

Roddy Boyd is a reporter for the New York Post and frequent online supporter and offline apologist of Floyd Schneider and Yolanda Holtzee.

AntiSocialMedia.net has learned that Third Point has, on multiple occasions, engaged Michelle McDonough to generate support for SEC investigations and/or class action lawsuits brought by shareholders against companies in which Third Point has substantial short interests. (Daniel Loeb refused to comment on the nature of his relationship with Michelle McDonough.)

McDonough, in turn, frequently engages Floyd Schneider and Yolanda Holtzee (among others) to foment and feign support for such shareholder actions on stock message boards. (McDonough refused to comment on the nature of her relationship with Schneider and Holtzee.)

Roddy Boyd has been asked on two occasions to comment on his relationship with McDonough. The resulting exchanges, via email with Judd Bagley, proceeded as follows:

Judd Bagley: “…What do you know about a woman named Michelle McDonough?”

Roddy Boyd: “re Michelle M: nothing. Should I? google has about 1mm entries for that name.”

Judd Bagley: “She used to go by the name Michelle Sarian. Today she runs “Magic Consulting.” I think she did a year in prison back in 2001.”

Roddy Boyd: “re sarian or mcdonough…youre (sic) concern, not mine.”

The second, more recent, exchange proceeded as follows:

Judd Bagley: “While I’ve got you…you recently denied knowing Michelle McDonough (formerly Sarian). Is that still your position?”

Roddy Boyd: “sorry judd, im (sic) not talking to you about anything else, period. if youre (sic) not comfortable with me asking the questions-fine. but im (sic) not anwering (sic) yours.”

That’s right…Roddy Boyd, a reporter, essentially twice gave me a reply of “no comment” when asked about any relationship he may have with Michelle McDonough.

Of course that response falls right in line with Daniel Loeb, Michelle McDonough and Yolanda Holtzee — who also ignored my requests for comment.

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Gary Weiss: the root of his problem (Part I)

April 16th, 2008 by Judd Bagley

When attempting to understand the nature of a specific pathology, it’s wise to seek information about its origins in the context of the subject’s history.

This is the first of a four part series on the origins of the pathology apparently afflicting our subject, Gary Weiss. This pathology is manifest as a compulsion to invent false identities online for personal gain, and, when discovered, to lie, deny, and attack his accusers.

Gary himself provides a beautiful launching point in the form of a story written for Business Week in June of 1995, entitled Online Investing. Around halfway, Gary offers this lynchpin piece of information:

My AOL address is Garywbw@aol.com. I also have a Prodigy address (NNEL28A@prodigy.com) and an address at an Internet provider known as NETCOM On-Line Communication Services Inc.: garyrw@ix.netcom.com. But initially, I was only at AOL.

It seems safe to assume that garywbw stands for “Gary Weiss Business Week.”

It also seems safe to assume that in 1995, Gary Weiss was among the many oblivious to the future implications of printing one’s personal email address in Business Week.

That future is here.

Exactly six months prior to Gary’s publication of his email address in Business Week, he made what appears to be his first newsgroup posting, to the misc.writing group.

The next post made as garywbw wouldn’t come until September of 1996, simply reading:

Looking for people who have had any dealings with [Monitor Investments, Global Equities Grp., State Street, Norfolk, Biltmore], as well as Sovereign Equity Management and First Hanover. Kindly email me at garywbw@aol.com.

Three months later, part one of Gary Weiss’s BusinessWeek story The Mob on Wall Street would make extensive reference to four of the firms inquired about in the above post.

Point being, garywbw@aol.com is our Gary Weiss.

Garywbw spends the first part of 1997 as a surprisingly constructive participant in a few support-related groups. Then, in March of that year, we see Gary’s first, fateful post to the newsgroup soc.culture.jewish:

This newsgroup sucks

Is there a better one somewhere — a moderated one, preferably to keep out the kooks, flames and so on? One where “Jewish culture” is actually discussed? Pls advise.

We consider that post “fateful,” because it represents Gary’s first apparent contribution to the newsgroup where the seeds of his habitual deception were sown.

Part two of this series examines a few of those seeds; and, if we may be so bold, will likely freak you out.

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Gary Weiss: the root of his problem (Part II)

April 16th, 2008 by Judd Bagley

Let’s start by re-stating three key facts as established in Part One.

  1. In June of 1995, Gary Weiss told the world that his personal email address was garywbw@aol.com.
  2. Gary would go on to use that account to identify himself when posting on Usenet newsgroups for the next 10 years.
  3. Primary among those newsgroups were soc.culture.jewish (scj) and its moderated (scjm) subgroup.

During garywbw’s decade long tenure on that newsgroup, several regular and semi-regular posters emerged, including:

These eight accounts often posted in close temporal proximity to one another, usually in support of each other’s increasingly venomous flame-wars with an uncommonly obnoxious contingent of anti-Semitic trolls.

Then, exactly two years ago on December 20, 2004, Gary found himself in a fix, which you can read unfold in its entirety here, or summarized below.

Basically, fellow scjm newsgroup user cindys confronted garywbw as follows:

 

cindys: Hey, Gary! I’m really curious to know why you didn’t share with us that you and Dave Umansky are the same person?

garywbw: If this is a joke…you’ll have to tell me the punch line.

cindys: It’s not a joke. A poster on another group, someone who never posted to that particular group before yesterday, told me that I seemed like a “pretty bright person” and gave me weblink to a certain yahoo group and suggested that I might like to read that particular yahoo group for a while. When I clicked over there, I found that “Daveumansky” was a sometime poster to that group and guess what his email address was? garywbw@yahoo.com How do you explain that?

Garywbw: Well, I can’t explain it and I have no idea how that can be, since I don’t have a yahoo address and have never heard of a “daveumansky” or even heard of the existence of same until you mentioned it. So I think someone is pulling your leg. I don’t see the humor, frankly.

Despite his protestations and ten year posting history, within a few days of this exchange garywbw would disappear from Usenet forever.

In December of 2004, cindys referred to an undisclosed Yahoo group whose membership included a user named daveumansky with email garywbw@yahoo.com.

A year earlier, the Yahoo Narcissistic Personality Disorder (NPD) group counted among its active members a user named garywbw, whose email address was daveumansky@aol.com.

By June of 2005, garywbw was replaced by username stopthewarrrrr, though the email address remained daveumansky@aol.com.

By exploiting Yahoo’s dissembler sorting algorithm bug, we learn that indeed, garywbw@yahoo.com = stopthewarrrrr@yahoo.com = daveumanskyfromny@yahoo.com.

On another Yahoo group, this one dedicated to Gary Weiss’s high school alma mater Bronx High School of Science, we observe garywbw using the email address pascalamb@aol.com, and this time, conveniently, Gary signs off using his real name and high school graduation year: 1971.

Usenet posts carry with them header data that’s hidden by default, but which includes important information identifying the origin of a post.

Look at this post by Yitz with its header data included (limited to the most relevant data below):

From: "Yitz"

Date: 18 Nov 2005 17:51:21 -0800

NNTP-Posting-Host: 70.23.102.179
 Compare that with this post by Ted (truncated below):
From: "Ted"

Date: 27 Nov 2005 09:25:49 -0800

NNTP-Posting-Host: 70.23.102.179

Note that between the two posts, one element is identical: Posting-Host. This means both of these posts, while nine days apart, were made from the same computer.

In fact, identical Posting-Host data are also shared by daveumansky, teddydichtler, tdicktler, Ted, annieschwartz and Brenda, suggesting they’re all the same person.

The IP address used in the above example (70.23.102.179) is owned by Verizon and assigned to dsl customers in the pool designated as NY325. Most subscribers in that pool see their IP address (and thus Posting-Host) address change randomly, on roughly a monthly basis.

Some time in the first half of December, 2005, the Posting-Host of garywbw, daveumansky, teddydichtler, tdicktler, Ted, annieschwartz and Brenda all changed to 70.23.42.100 in unison: consistent with a single user scenario posited here.

The point of this exercise is conclusively demonstrate that Gary Weiss = garywbw = daveumansky = pascalamb = Yitz = Ted Dichtler

And here’s why that’s really important…

In April of 2005, a blog called Mediacrity appeared, calling itself a “media insider’s occasional rant on goofs, bias and hypocrisy in the media.”

Mediacrity’s inaugural post is dated April 24, 2005. The first reference to Mediacrity on Usenet occurs the next day, thanks to Ted Dichtler, who read that first post and comments “this guy nailed it on the head.”

Within two hours of Mediacrity’s second post, Dichtler is back on Usenet spreading the word.

This time two interesting things happen.

First, a real person, Susan Cohen, asks Ted to clarify the identity of Alison Weir, the post’s subject. Soon thereafter, Mediacrity appends the post with:

A reader informs me that the Jew-baiting pinhead who met with Okrent is not to be confused with a distinguished historian also named Alison Weir.

Second, a couple of days later a new poster arrives on the thread started by Dichtler. His name is Rick Ruby, and his email address is: mediacrity@hotmail.com (the original email used by the writer of Mediacrity, recently replaced by a gmail account).

To be certain, let’s compare the header data of Ted Dichtler and Rick Ruby’s respective posts.

Ted Dichtler (full version here):

From: "Ted"

Date: 26 Apr 2005 12:10:24 -0700

NNTP-Posting-Host: 64.12.116.66

Rick Ruby (full version here)

From: "Rick Ruby"

Date: 29 Apr 2005 07:03:57 -0700

NNTP-Posting-Host: 64.12.116.66

The IP data (corresponding to AOL at that point) are identical, confirming Ted Dichtler and Rick Ruby posted from the same location, and are most likely the same person.

At this point, it seems we can confidently add two elements to the growing list of identities that begins with Gary Weiss:

Gary Weiss = garywbw = daveumansky = pascalamb = Yitz = Ted Dichtler = Rick Ruby = Mediacrity blogger.

If each of those relationships is accurate, this chain of equalities may also be correctly expressed as Gary Weiss = Mediacrity blogger.

Knowing Gary is the blogger behind Mediacrity opens up a whole universe of conflicts and complications to examine, as we shall do in Part Three of this series, set for publication on Saturday, December 23, 2006.

————————————————

Bonus material: a little running up of the score

“Ted Dichtler” as the name of one of the five fake amazon.com book reviewers we demonstrated were created and abused by Gary Weiss to artificially boost his own books’ ratings while artificially depressing the ratings of those authors who’ve tangled with him in the past.

“Catallergest” (see the email address of Brenda above) is the nickname used by Marty Ross, another of Weiss’s false Amazon.com book reviewer sockpuppets whose reviews have since been deleted.

ace1.jpg“Chuck T” is among the remaining five amazon.com reviewers we claim Gary Weiss created and used abusively, but whose reviews have yet to be deleted. According to Technorati.com, Mediacrity belongs to chucktatum, presumably named for the character of the same name starring in the 50s flick “Ace in the Hole” and seen in this image, which is also used on the Mediacrity About Me page.

A reader tells me that originally, Technorati.com listed “Ted Dichtler” as the owner of Mediacrity. We’ve yet to find independent verification of this claim, but are inclined to believe it.

Except for a brief note on Nov. 1, 2006, Mediacrity went dark from Sept.10 – Nov.21: a period encompassing the unprecedented break in Gary Weiss’s blogging and Wikipedia editing seen while Gary was in India.

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Gary Weiss: the root of his problem (Part III)

April 16th, 2008 by Judd Bagley
Preface and editor’s note: AntiSocialMedia.net has issues with Gary Weiss, not his wife.As is happens, one of the more startling examples of abuse of social media we’ve discovered anywhere – and the central theme of this, the third part of this series on Gary Weiss – cannot be told without making reference to that relationship.However, because her identity is ultimately not material to this situation, we shall only refer to her as “Mrs. Weiss” (though Weiss is not her real last name) and have set this site’s comment filter to immediately reject any comments that contain either her first or last name. Comments containing any other personally identifying information belonging to Mrs. Weiss will be immediately deleted and the commenter barred from further use of this site.

Background: In parts one and two of this four part series, we established that Gary Weiss is the would-be anonymous writer of the blog dubbed Mediacrity, which considers itself “A media insider’s occasional rants on goofs, bias and hypocrisy in the media.”

Also, a prior post on this blog demonstrated Gary Weiss’s proclivity for creating fake Amazon.com book reviews for the purpose of boosting of his own books’ ratings while deflating the ratings of those authors with whom Gary has tangled in the past.

You’ll need to keep both of those facts in mind as you read the following.

While researching links between Gary Weiss and the targets of his abusive Amazon.com book reviews, we hit a dead end when it came to understanding exactly what Gary had against author Ian Williams, whose two books were trashed by reviewers Ted Dichtler (reviews since deleted) and Raymond Stella in the spring of 2005. What made this instance so curious was the fact that soon after we announced the forthcoming investigation on the topic of Weiss’s fabricated Amazon.com reviews, Gary Weiss (as Ted Dichtler) quietly deleted his one-star thrashing of Williams’ book, United Nations for Beginners, replacing it with a tepid review of another author’s book about the UN.

The Williams book review, which we captured prior to Gary’s replacement of it, read as follows:

Trash. A superficial book that offers a la-la land version of the UN, failing to mention entire areas in which the UN has failed miserably.
Also, since it was recently disclosed that Ian Williams has actually worked for the UN as a media trainer and pamphlet writer, it seems to me that the validity of this book is entirely questionable. He boasts about his UN work on his website. That only adds to the tastelessness of this rubbish. (Ted Dichtler)

Most would probably consider those sentiments a little harsh for an illustrated book aimed at school-aged kids.

While we did finally discover the reason for Gary’s acrimony toward Ian Williams, that knowledge arrived too late to be included in the Amazon.com review fabrication story.

Which is why we’re telling you about it now.

Two independent sources confirm that Gary Weiss’s wife was at one time credentialed as a reporter for the Pioneer of India newspaper, covering the United Nations. As a credentialed UN correspondent, Mrs. Weiss was eligible to join the United Nations Correspondents Association (UNCA), which she did. Subsequently she sought a paid position with UNCA, held at the time by Ian Williams’s wife. Mrs. Weiss had apparently sought other paid positions within the UN proper as well. Williams, UN correspondent for The Nation, was former UNCA president.

For reasons that don’t matter now (but will explored in part four), in March of 2005, Mrs. Weiss lost her media credentials and was ordered never to set foot on UN property again. Obviously, she was also taken out of consideration for any position within the UN and UNCA that she had sought.

Those familiar with the situation feel Mrs. Weiss blamed Williams for the circumstances surrounding this unfortunate turn of fate.

A few days after this incident, Gary Weiss – through Amazon.com reviewer Ted Dichtler, called Ian Williams’ book “trash.”

Exactly 30 days after that, Weiss launched the Mediacrity blog, and with it, an attempt at a recurring series called, “Hypocrites on Parade,” focusing on Ian Williams.

Weiss’s first examination of Williams in Mediacrity reads in part as follows:

…Williams is a fourth-rate hack. But fourth-rate hackdom has not prevented other ethics-deprived journos from being publicly pilloried. What is keeping Williams from the gallows?
… If you go on his website, http://www.ianwilliams.info/, you see what I’m talking about–if you can read it. This guy is such a dummy that he’s got black print on a dark blue background.

We feel secure in classifying the above as “mean-spirited.”

“Hypocrites on Parade” would go on to be replaced by “Creeps on Parade” and dozens of drive-by attacks on Williams, in which he is named, among other things: “The Payola Pundit,” “Fourth-rate Hack” (later promoted to “Fifth-rate Hack”), and “Bloated UN Minister of Propaganda.”

The final part of this series, coming very soon, examines the strange circumstances surrounding Mrs. Weiss’s gaining and losing her media credentials, the role Gary Weiss played in that process, and a new wrinkle that even we find difficult to believe.

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DTCC caught covering-up

April 16th, 2008 by Judd Bagley

There has been much speculation as to the root of Gary Weiss’s abiding interest in the personalities voicing their objections to the practice of illegal naked short securities trading.

In February of this year, some felt that question was answered in the form of a minor yet tremendously significant incident from which it could be fairly deduced that Weiss was, on the morning of January 19, 2007, using a computer on the network of the Depository Trust and Clearing Corporation (DTCC).

The basis of that deduction is explained in detail here.

Given the enormous value of the financial assets over which the DTCC is steward, and the high level of security that must necessarily mediate access to the organization’s premises, much less data networks, one can immediately rule out any scenario in which Weiss might have been using that computer in anything other than a sanctioned capacity.

Over four days, DTCC Spokesman Stuart Goldstein ignored two emailed requests for comment on this situation. When he finally did respond to a third request received by a staffer over the phone, it was in the form of a blank email. A quick request to re-send the missing content was denied, and five repeat requests over the space of one week were ignored.

Then, in one of the strangest turns of events observed in this saga to date, on February 9, 2007, Goldstein’s reply was delivered, unprompted, by New York Post reporter Roddy Boyd.

From: Boyd, Roddy

Date: Feb 09 2007 - 1:03pm

Subject:

judd,

I spoke to corp comm at DTCC and they told me, on the record, that weiss is not, nor has he ever, been employed or used by DTCC in any capacity, formally or informally. They categorically reject it and tell me that none of them have any recollection of ever talking to him, meeting with him or having any dealings with him.

categorically rejects it.

thats a big hump for a real reporter to get over.

let me put this politely:

As an investigative reporter, laughably per PB, you really, really are a much better PR person.

Lest its meaning be lost on anybody, please carefully re-read and reflect on the sweeping significance of Mr. Boyd’s second sentence:

They categorically reject it and tell me that none of them have any recollection of ever talking to [Gary Weiss], meeting with him or having any dealings with him.

Now, please carefully read and consider the meaning of the following:

In recent weeks, a confidential source has delivered to AntiSocialMedia.net multiple emails, all pre-dating Mr. Boyd’s DTCC proxy denials, in which Gary Weiss refers to active consultations between himself and unnamed DTCC officials on a specific media-related matter.

These emails make no reference to the basis (whether paid or otherwise) of the relationship, but given the extreme lengths to which DTCC leadership has gone to deny so much as a conversation with Weiss, this development is suggestive of what can only be interpreted as unmitigated deception at the highest levels within that organization.

In February, Weiss called claims of a relationship between himself and the DTCC “absolute crap.”

Wishing to rule out the possibility that Roddy Boyd delivered anything but an accurate reflection of the DTCC’s position, earlier this week Stuart Goldstein was asked to affirm the accuracy of Boyd’s statement, as well as to comment on the existence of unspecified evidence that Gary R. Weiss has or has had a professional relationship with the DTCC.

Goldstein’s pithy reply consisted of three words:

From: Stuart Goldstein

date: May 23, 2007 3:01 PM

Subject: Re: Request for comment

Send your evidence.

Because the nature of the evidence does nothing to change the facts at hand, and in order to honor commitments of confidentiality made to sources, Goldstein’s request was not honored.

An additional request for comment has been ignored by Goldstein.

Given the length to which Goldstein has gone to obscure the truth in this matter, and the length to which Weiss regularly goes to specifically malign critics of the DTCC’s defense of illegal and abusive stock trade settlement failures, a disturbing picture of that organization’s policy of defamatory, surrogate-driven, scorched-earth public relations is beginning to emerge.

Update: 5/31/2007

An alert reader brings to our attention an earlier incident appearing to confirm Goldstein’s lax regard for truth when confronted with questions relating to the DTCC’s role in empowering illegal market manipulation by crooked stock lenders.

The following originally appeared here on May 11, 2004.

FinancialWire received a confidential email between a reporter and Stuart Z. Goldstein, Managing Director of Corporate Communications for the Depository Trust and Clearing Corp. in which Goldstein was represented as denying that a lawsuit filed by Nanopierce Technologies exists.

The chief spokesperson for the DTCC, whose board of directors represent a who’s who of financial entities, including Lehman Brothers, Citigroup / Solomon Smith Barney’s Corporate Investment Bank, and Morgan Stanley, was quoted as stating that the “lawsuit” did not exist and was simply “charges being leveled by internet crackpots.”

FinancialWire sent Goldstein a scanned copy of the actual court filing, which occurred April 29 at 12:15 p.m., and asked Goldstein if he or the DTCC still denied its existence or had any comments. No response was received.

It would be strange, but not unreasonable, had Goldstein himself not yet heard of the lawsuit when asked. But if that were the case, the proper response would be to explain as much. Instead, Goldstein was dismissive and insulting: the general embodiment of his employer.

But beyond Goldstein’s obviously striking social shortcomings, these are the mannerisms of an organization with something dark to hide, but utterly lacking in accountability.

What is that dark thing?

We know that it includes records of billions upon billions of dollars of failed stock trades (the one thing the DTCC is tasked with completing successfully). Some allege that beyond the records, there is also proof that elements within the DTCC are profiting wildly from this fraud.

Given what I’ve seen, I’m inclined to believe it’s true.

Posted in 8) The Hijacking of Social Media | 1 Comment »

Gary Weiss and his trail of Wikipedia deception

April 16th, 2008 by Judd Bagley

This post will take you on a little journey which promises to be very satisfying by the time it’s done, but will require your full attention to get there. HINT: you’re free to take notes if it will help. Arriving at our destination, you can expect to have learned, as we have, that Gary Weiss is quite actively engaged in deception on other people’s blogs, in addition to his own. Furthermore, by the time we’re done, you’ll have found new levels of ironic significance in these words:

“Bravely spoken, by the coward who hides behind a pseudonym.”

And here we go…
The first thing you need to understand is that in late January of 2006, Gary Weiss’ IP address was 70.23.85.112.

Here’s how we know that.

The website Wikipedia endeavors to be an online encyclopedia that anybody can make changes to. Fortunately for mankind, a record is kept of each of those changes. Here’s just such a record: a summary of edits made by a user at the IP address 70.23.85.112.

Note the date range: January 27-28, 2006, and the article edited: Naked short selling. Such rapid succession of edits, as seen here, is suggestive of what’s called an “edit war.”
Now, let’s look at who else was editing that article during that period, to learn more about this edit war.

Starting at the bottom and working up, we see the editor identified by the IP address 70.23.85.112 editing heavily until 7:19pm when that user’s edits abruptly cease.

79 minutes later, a brand new user calling himself Mantanmoreland arrives, picking up right where 70.23.85.112 left off. A few days later, Tomstoner arrives, forging an unusually strong “tag team” relationship with Mantanmoreland. Together, Mantanmoreland and Tomstoner become the primary antagonists of the novice and disorganized bloc of Wikipedian naked shorting opponents.

On February 20, 2006, as if to put a fork in their soundly defeated opposition, Tomstoner adds a link to Gary Weiss’ blog to the naked short selling article.

Fast forward six weeks.

On April 6, Gary Weiss sees his second book published. Bravo, Gary.
On April 9, Tomstoner adds a reference to the three-day-old book on the article about Gary Weiss’ alma mater, the City College of New York.
On April 13, Mantanmoreland creates the Gary Weiss article on Wikipedia, and goes on to take ownership of it, including going so far as to know when one Weiss quote is more suitable than another.
On April 14, Mantanmoreland adds a link to a nearly decade-old Business Week article originally written by Gary Weiss
On April 15, Mantanmoreland decides the article on Arthur Leavitt would be better with a link to the nine-day-old book by Gary Weiss.
On April 17, Mantanmoreland adds a link to the first book by Gary Weiss
On April 30, Mantanmoreland feels one more article could benefit from a reference to the three-week old book by Gary Weiss.
Make that two more articles
On May 13, Lastexit, one of Mantanmoreland’s admitted “sockpuppet” alter-egos, feels the article about Julian Robertson could benefit from a link to a six-year-old bit of journalism by Gary Weiss.
On May 19, Mantanmoreland decides the article on hedge funds is incomplete without a link to the Weiss Book.
On July 12, Lastexit concludes that a three year old Business Week piece on naked shorting penned by Gary Weiss would perfectly round out the Wikipedia article on the same topic.

Anybody not convinced that 70.23.85.112 = Mantanmoreland = Tomstoner = Lastexit = Gary Weiss raise your hand.

Ok good. So we can all agree that in late January, 2006, 70.23.85.112 = Gary Weiss (remember that…it’s on the final exam!).

Now, let’s go back to January 22, 2006.

On that day, two relevant things happened.

First, the New York Post published an effusive review of the Gary Weiss book, which would not go on to be available for purchase for another 3.5 months.

Second, Yahoo user ID lamborghini751 is created and soon makes his first message board post in the form of a question as to his “wife’s” career options.

Four minutes later, his second post, to Yahoo’s Overstock.com message board, announces to the world that Gary’s book, though a full financial quarter away, had been the subject of a glowing review by the New York Post.

On January 24, 2006, Yahoo user ID cupandsaucerwithsugar is created. As his first act, at 1:29 pm EST, he provides an answer to lamborghini751’s two day old question.

(A quick scan of the subsequent postings of both lamborghini751 and cupandsaucerwithsugar makes it obvious that the same person is behind both. But Yahoo’s delightful dissembler sorting algorithm bug confirms this, as those familiar with the DSA will easily see.)

As his second act, less than 60 seconds after the first, cupandsaucerwithsugar chooses to honor Gary Weiss, as follows:

“yeah and weiss just ripped boobo and co a new one on his blog”

How sweet.For those keeping track at home, that post brings us to 1:30 EST on January 24, 2006.
Interestingly, according to the header info on the sample chapter posted on his website, Weiss’ publisher would complete the book’s soft proof 82 minutes later, at 2:52pm.

So what had the NY Post reviewer been reading?

Hmmmm.

Nevermind such details!

Six hours later, at 8:35pm, Gary Weiss publishes a new blog post, which opens thusly:

“Bob O’Brien,” the bravely anonymous leader of the Baloney Brigade…

Just 25 minutes later, on the above-mentioned Bob O’Brien’s blog, first time commenter cupsandsaucer has this to say to the same Bob O’Brien:

Bravely spoken, by the coward who hides behind a pseudonym.

A quick review of the corresponding server log entry (time zone set to GMT) confirms what we all already suspect, and poetically brings us full circle:
bob-log.gif
How much more ironic is the accusation,

…coward who hides behind a pseudonym…

when you consider it was posted by cupandsaucer Gary Weiss (aka 70.23.85.112, Mantanmoreland, Lastexit, Tomstoner, Lamborghini715, and cupandsaucerwithsugar), who’s turned pseudonymity into a way of life?

Posted in 8) The Hijacking of Social Media | 1 Comment »

Finding the laugh in a Wikipedia slaughter

April 16th, 2008 by Judd Bagley

Nobody aspires to have “enemies.” I suspect, even the super-villainous would probably prefer to go about their villainy unopposed.

But just as the Yin and the Yang are opposite ends of the same stick, when one acquires a new friend, one often acquires that friend’s enemies, too.

Over the past month, it has become evident that AntiSocialMedia.net, which rarely boasts enough traffic to register on any scale, has acquired the least likely set of enemies: the leadership of Wikipedia (the ninth most popular website on the earth).

I’ll admit, it’s not easy finding the Zen in being on my side of such a grossly unfair fight.

To understand how unfair, I offer some perspective:

  • It takes AntiSocialMedia.net about one week to log as many unique visitors as Wikipedia logs in less than one minute.
  • Googling “AntiSocialMedia.net” returns 2,327 results.
  • Googling “Wikipedia.org” returns 43,100,000 results (7,000,000 more than you get by googling “Google.com”).
  • Of the three most frequently-cited sources of Wikipedia criticism (AntiSocialMedia.net, Wikipedia Review and Encyclopedia Dramatica), AntiSocialMedia.net is the smallest, the most obscure, most infrequently updated, most understaffed, and the only one not focused exclusively on “Wikipedia criticism.”

Given these extreme imbalances, how strange that Wikipedia would make AntiSocialMedia.net, the focus of its epic “BADSITES” initiative.

What’s “BADSITES,” you ask?

“BADSITES” apparently beat out “UNGOODSITES” as the shorthand name assigned to the month old (and counting) effort by the Wikipedia Arbitration Committee (ArbCom) to officially forbid any reference to AntiSocialMeida.net on Wikipedia, under penalty of immediate banning.

To understand how extreme that move is, keep in mind the fact that Wikipedia currently endorses mentions of, and links to, websites that advocate pedophilia, racism, and related moral deprivation. Yet, the one website soon to be stricken as a matter of official Wikipedia, and which ArbCom member Fred Bauder claims “displays moral depravity,” is the one you’re reading now.

There have literally been scores, and likely more, of instances where the mere questioning of the validity of the claims against AntiSocialMedia.net results in immediate banning and removal of the comment.

If there is Zen to be found in these atrocities, it’s the de facto confirmation of the existence of “thoughtcrime” on Wikipedia.

Here’s a perfect example, engineered by me specifically to demonstrate this point.

For a month, a carefully managed discussion of the issues surrounding BADSITES has been taking place on a half-dozen sufficiently cloistered corners of Wikipedia. This is where naive and well-meaning editors go to die.

One week ago, User:Greenstick Break (previously created by me) jumped into the middle of one of these conversations to ask Fred Bauder what should have been the obvious question.

(Note: this is actually a two-fer, in that Fred’s comment nicely confirms one of the central theses of this site, as well as the searing dishonesty of Gary Weiss/Mantanmoreland.)

Fred Bauder: “…For example, one claim is that Matamoreland (sic) uses sockpuppets. Well, he did, when he first started editing two years ago. And he got caught, was warned, AND QUIT USING SOCKPUPPETS…”

Greenstick Break: “Now help me out here, Fred. You just confirmed that WordBomb was correct when he said Mantanmoreland was using socks. In another venue you confirmed that WordBomb was correct when he said Mantanmoreland had a [conflict of interest] problem. Whether or not you think the User:SlimVirgin/ User:Sweet Blue Water connection + User:jayjg oversight issue is a problem, I think it’s generally understood that WordBomb got those facts right, too.
Yet WordBomb is the one that’s banned and whose site cannot be named???
Will somebody PLEASE show me what WordBomb got so wrong as to justify all this?”

It took less than four minutes from the time that comment was posted until the time ArbCom member Jpgordon had removed it and banned Greenstick Break, claiming (impossibly), that he had managed to squeeze a completed CheckUser search in there, as well.

Greenstick Break mounted a tepid defense, partly for show and partly to force Jpgordon to actually consult CheckUser (as you’ll see, that was a necessary part of this plan).

About 45 minutes later, while Jpgordon remained actively editing, I created User:Fjse44 via precisely the same connection, IP address and browser (with all cookies intact) th