SEC Charges Muddy Waters, Carson Block In Stock Manipulation Ring
Tyler Durden's picture Submitted by Tyler Durden on 06/21/2011 Instead of taking another long hard look at its own practices, following the blow up of the biggest ponzi scheme since Madoff, the SEC has decided to instead target.... Carson Block and Muddy Waters. "The Securities and Exchange Commission has charged Carson Block and Muddy Waters LLC in a stock manipulation ring that allegedly published false information, causing a drop in the market prices of at least three stocks and generated more than $240.2 million in illicit profits when they sold shares short then repurchased the shares after a significant decline on the market."
This sounds very familiar here in NQ !!!!
carlson block is committing fraud and SEC is already onto him
This is a perfect example of why all of your post should be considered pure garbage. Their is ZERO truth in them. You are either a liar or just completely inept, but in either case this makes every one of your asinine post suspect.
Any person can spend less than 2 minutes on the web determining that that story was fake and you either were stupid enough to believe it or crooked enough to try to pass if off here as being real.
listen did you read this :
"Litigation Release No. 21053, SEC Complaint: The SEC alleges that Carson Block, who resides in Hong Kong carried out the market manipulation schemes with others he met through a stock web site, which is operated by Matthew Brown of Aliso Viejo, Calif. Block, Brown, and other participants in the schemes often timed the manipulative trading to coincide with false or misleading press releases issued by Muddy Waters LLC. The three companies were Sino Forest Corporation, Duoyuan Global Water Inc., and Orient Paper Inc. “As we allege in our complaint, Carson Block and his accomplices around the country met through the Internet and planned to short sell the stock in the companies prior to release of the Muddy Waters Report that made allegations of impropriety, fraud, and theft. Carson Block and his associates approaches several large hedge funds and investment firms first to market their “research” and promised great returns upon the release of their “research”. The results for each of the companies that were targeted were catastrophic and have resulted in a serious loss of market value and public trust in the management of these companies. ,” said Scott Friestad, Deputy Director of the SEC’s Division of Enforcement. “Carson Block went so far as to himself write some of the misleading press releases that denigrated these stocks so they could line their own pockets with hundreds of millions of dollars.”The SEC’s complaint, filed in federal district court in Delaware, charges six others in addition to Carson Block: According to the SEC’s complaint, these fraudulent schemes generally followed the same pattern. In 2010, Carson Block and his accomplices arranged for large blocks of shares to sell on the open market. The vast majority of the shares sold short were done through the accounts of Muddy Waters LLC for the personal benefit of Carson Block. The defendants then notified the hedge funds an.."
It looks legitimate and needs further investigati
Reuters published an article saying the charges against MW were a hoax, and they quoted both the SEC and Muddy Waters. YMB wouldn't allow me to copy and paste but if you search Reuters, SEC and Waters, you'll find it.