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in-greed-we-trust

Today we look under the microscope at a budding real life Gordon Gekko
 
During the following release you will read facts that lead to everyday questions in today’s capital markets, you may ask yourself why am I interested ? I am not a share holder of the companies that are listed, am I ? Maybe you are, may be you aren’t, however it may be that someone who to-date has slipped under the radar should be a warning to everyone that invests in the stock markets today.
 
Ahmed Said is the President for Gas & Oil at a highly respected Canadian firm Forbes & Manhattan, like many moon lighting business men he has companies based offshore and controls money flow through offshore banks, one being the First TN Bank in Barbados.
 
Of course, as with any offshore tax avoiding business scheme, a lawyer features whom Ahmed Said…

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BLOGGIN' BAD w/ Gunny G! ~ HEY! NO MORE PC, REMEMBER? ~AMERICA CANNOT BE GREAT AGAIN UNTIL THE STAIN, STIGMA, STENCH AND SHAME OF "THE PRINCE OF FOOLS" IS OFFICIALLY AND FINALLY BROUGHT TO JUSTICE, AINOs (AMERICANS IN NAME ONLY) EXPOSED, AND THE SWAMP FLUSHED! -POTUS .45 TRUMP COCKED and LOCKED!.....-ONE RIGHTEOUS MAN--IF WE CAN KEEP HIM! ~ Illegitimi non carborundum...

THE BLANK PAGE POW: MCCAIN…

The ignorance of arrogance – seems to be this boy’s disease –

He claims the hero’s status – but which side did he please –

I thought all of us came forth – after we came marching home –

We gave them chapter and verse – our words would fill a tome –

But when I asked the man – to let me see what the boy said –

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SEC Obtains Emergency Asset Freeze of Account Used in Insider Trading Ahead of Heinz Acquisition

Securities Enforcement Blog

SEC v. Certain Unknown Traders in the Securities of H.J Heinz Company (S.D.N.Y.).  On February 15, 2013, the SEC announced that it obtained an emergency court order to freeze assets in a Zurich, Switzerland-based trading account that was used to obtain more than $1.7 million from trading in advance of the February 14, 2013 public announcement about the acquisition of H.J. Heinz Company.  According to the SEC, before any public information was available that Berkshire Hathaway and 3G Capital had agreed to buy H.J. Heinz Company in a $28 billion deal, unknown traders bought call options the day before the public announcement. 

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FBI Investigating Heinz Deal After Insider Trading Allegations

CBS Pittsburgh

PITTSBURGH (KDKA) – The FBI is also now investigating possible insider trading prior to Berkshire Hathaway acquiring Heinz, Reuters reports.

Over the weekend, it was announced that the Securities Exchange Commission had obtained a court order to freeze assets in a Swiss bank account that were to be used in the deal, according to the Associated Press.

The deal was announced last Thursday, when the Warren Buffet-owned company said it was acquiring H.J. Heinz in a $28 billion deal, taking the company private.

The acquisition also raised concerns about what the deal will mean for employee’s jobs.

“It can be unsettling,” Allegheny County Executive Rich Fitzgerald said last week. “If you remember a number of years ago when Mellon Bank was bought up by BNY and they became BNY Mellon, I think a lot of us were concerned that those jobs were going to shift to NY where the parent…

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Goldman Sachs Back To Hurting Clients As Firm Is Targeted In Insider Trading Probe

Gordon Gekko is alive and well and up to his old tricks ?

misebogland

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Goldman Sachs is apparently back to it’s old tricks despite the $550 million settlement with the SEC over hurting clients in the mortgage securities market. Acting on what may have been inside information (more on that later) the firm decided it wanted to heavily invest in Heinz (HNZ), which later would announce it was in talks to be bought out by Warren Buffet. So Goldman Sachs started buying up shares ahead of the merger.

And here is where Goldman’s clients get involved.

An investment bank having a Sell rating on a stock? Usually an unheard of thing: why alienate the management, why prevent future banking business – it’s not like banks are ethical creatures – and sure enough in this particular case, the bank in question had sell recos on just 14% of the stocks in its coverage universe. Which begs the question: what…

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