Teri Buhl writes...
A foreign investor in the cannabis sector publisheda reportthis week detailing howAndy Defrancescoand a gang of higher net worth investors set up complex private transactions securing dirt affordable stock in the firm Sol International Investments would reverse merge with to turn into publicly traded. The report only utilizes study from the cannabis company’s obscure and frequently confusing monetary statements to show Group Defrancesco obtaining millions of shares of stock at a discount 25 instances much less than what it was sold to unsuspecting retail investors. To execute the scheme they had to have had enable from gatekeepers. New emails and text message obtained by this publication now show enablers such as lawyers, friendly CEO’s, the head of a broker dealer, and a mega millionaire investor collude collectively to allegedly manipulate a number of stocks, like Sol International, more than the final decade, rape retail investors via self dealing transactions, and possibly trade on inside information and facts.
Study complete short article:
Text messages show Cannabis investors Defrancesco & Serruya allegedly Colluded with Clarus Securities’ Christodoulis in Numerous Stocks
I’m a qualified monetary investigative journalist who has written for the Greenwich Time, Hearst CT Newspapers, Forbes Magazine, Fortune.com, The Atlantic.com, New York Magazine, New York Post, Trader Month-to-month, Housingwire, ML-Implode, The Enterprise Insider, Extended Island Enterprise News, Dealbreaker, New York Observer, Bitcoin Magazine, DealFlow Media, SIRF.org and additional. For the final 5 years I have been a contributing reporter for Market place Nexus Media who publishes a monetary trade publication referred to as Development Capital Investor.
I earned my breaking/investigative news chops reporting for the duration of the monetary crisis in 2008 for the Sunday edition of the New York Post. I was one particular of the very first to report on the missteps at IndyMac that lead to government investigations and lawsuits against the banks founders. Caught hedge funds like Carrington Capital abusing investors without having disclosing conflicts of interest with senior RMBS bond holders they have been sued by Wilbur Ross for Civil RICO. I exposed Bear Stearns misleading their personal investors and monoline insurers on the top quality of the loans in their mortgage-backed securities, which led to a fraud lawsuit against JP Morgan/Bear Stearns and the $13 billion settlement with the DOJ in 2013. Given that 2010 a number of Wall Street firms, that my reporting warned about very first, have been [JP Morgan, SpongeTech, Security Savings Bank, SAC Capital, Palm Beach Capital Management, New Stream Capital, NIR Group/Cory Ribotsky, Bear Stearns RMBS Traders, Mike Perry IndyMac CEO, Steven Muehler and the Nanocap MarketPlace, Barry Honig and The Frost Group] investigated or charged for monetary violations by the FBI/SEC/State AG or shut down by bank regulators.
The Huffington Post named me the quantity 3 most unsafe monetary journalist for becoming prepared to challenge the establishment and inform readers very best. I’m operating on trade-marking “Smashmouth Journalism”
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