AntiSocialMedia with Judd Bagley
Analysis of the abuse of social media — blogs, Wikipedia, message boards, etc — for the purpose of enabling illegal stock market manipulation.
Barry Minkow’s sudden return from ex-felon to current-felon has come as a surprise to some, but not to the Deep Capture team; for we have, over nearly four years, sought to raise awareness of Minkow’s place in a much broader, criminal stock manipulation ecosystem.
Former business journalist Gary Weiss, who seeks to cover-up the threat and impact of market manipulation via illegal naked short selling, has made Wikipedia a major point of focus.
It’s easy to see why Gary Weiss was the logical choice when proponents of illegal naked short selling sought a resolute apologist for their repugnant practice.
Those who claim I was painting a larger conspiratorial picture are – not coincidentally – directly tied to a certain hedge fund manager or his friends. The resulting stab at journalism (in name only) is hardly a conspiracy; it’s human nature and in the case of these writers, very poor form and an even more poorly-kept secret.
Today, short-selling hedge fund Rocker Partners paid Overstock.com $5-million to settle the lawsuit filed against them in August of 2005. Rocker Partners also entirely dropped its own countersuit. This is a major victory for all public companies targeted by bear raiding hedge funds.
Recently, I revealed a few details of a security flaw I had discovered on the Yahoo! message boards, which made it possible to determine a user's IP address and username. This would have been nothing more than a curiosity but for the fact that stock message boards are among the preferred venues for short selling hedge funds seeking to spread disinformation about targeted companies.
If you fail to find entertainment value in seeing illegal naked short selling proponent Gary Weiss publicly caught telling irresponsible lies, then you may consider this post optional and stop reading now.