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Roddy Boyd

13 posts

DTCC caught covering-up

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 2007, 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).

Paid bashers: cracking the code 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.)