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.

Did hedge fund managers David Einhorn and Dan Loeb sabotage the nation’s second largest mortgage lender — and the American economy?

“It isn’t what we don’t know that gives us trouble, it’s what we know that ain’t so.” – Will Rogers

Followers of the twisted tale of DeepCapture may remember that on August 12, 2005, I gave a webcast of which I will always remain proud. It was titled, “The Miscreant’s Ball”.

(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 him [...]

The mainstream financial media says that the SEC should not crack down on criminal short sellers because short sellers are vital to the markets (and vital ghost-writers of a lot of what appears in the financial media). But much of the world has come to understand the enormity of the illegal short selling scandal, and [...]

After years of intermittently ignoring and whitewashing one of history’s biggest financial swindles, the Wall Street Journal today, for the first time, published some basic truths about the crime: “Illegitimate naked short selling is different from [legal short-selling]…this kind of manipulative activity can have drastic consequences…Eliminating the prospect of naked short selling will help assure investors that… when the market declines it is not because of unseen manipulators and `distort and short’ artists.”

Naked short selling and phantom stock causes the SEC to declare emergency; Joe Nocera and affiliated journalists continue to deny there is a problem.

…convicted stock manipulator Sam Antar and securities class action litigator Howard Sirota are working in concert with convicted stock manipulator Barry Minkow’s Fraud Discovery Institute (FDI) to manipulate the share price of USANA, a public company.

On August 12, 2005, I launched an offensive to expose crimes and corruption on Wall Street that I believed were leading to the destruction of dozens (perhaps hundreds) of companies, the loss of countless jobs, the theft of billions of dollars, and quite possibly, a systemic meltdown. I did this with a webcast I called, [...]