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Ever Go Drinking on Thursday and Awake CSIQ on Saturday with an STD (solar transmitted disease) ?
Fibozachi ~ Technician's Corner
Ever go drinking on Thursday and awake CSIQ on Saturday ... the unbeknownst shareholder of some Chinese micro / small-cap spec-crap ?
If it occurred between February and December of 2006, you may have been a victim; you may have been electronically raped.
On Friday, the Department of Justice announced that:
" A resident of India pleaded guilty today to conspiracy and aggravated identity theft charges arising from an international fraud scheme to "hack" into online brokerage accounts in the United States and use those accounts to manipulate stock prices ....
Jaisankar Marimuthu, 35, a native of Chennai, India, pleaded guilty to one count of conspiracy to commit wire fraud, securities fraud, computer fraud and aggravated identity theft, and to one count of aggravated identity theft ....
Marimuthu was part of a conspiracy operated out of Thailand and India from February 2006 through December 2006 in which the prices of thinly-traded securities were fraudulently inflated by hacking into brokerage accounts in the United States and then illegally using the accounts to make large unauthorized purchases of securities in the name of unsuspecting customers. After the price of the securities had been artificially increased or "pumped up" through the bogus trading, Marimuthu admitted that the conspirators’ own holdings of the securities would be sold at a profit. At least 95 customers and nine brokerage firms in the United States have been identified as victims. "
Since CSIQ' IPO wasn't until 11.09.06, below is:
(1) a daily & weekly snapshot (spanning 2006) of one of my all-time favorite-st pieces of Chinagra crap ~ the shell holding company known as SEED, whose accounting extraordinaire is matched only by the protectionism afforded its sector by Beijing bureaucrats;
(2) the DoJ press release (2.5.10) in toto.
SEED Daily
SEED Weekly
Department of Justice
Office of Public Affairs
FOR IMMEDIATE RELEASE Friday, February 5, 2010
Resident of India Pleads Guilty in International Online
Brokerage “Hack, Pump and Dump” Scheme
WASHINGTON - A resident of India pleaded guilty today to conspiracy and aggravated identity theft charges arising from an international fraud scheme to "hack" into online brokerage accounts in the United States and use those accounts to manipulate stock prices, announced Assistant Attorney General Lanny A. Breuer of the Criminal Division and U.S. Attorney Deborah K.R. Gilg of the District of Nebraska.
Jaisankar Marimuthu, 35, a native of Chennai, India, pleaded guilty to one count of conspiracy to commit wire fraud, securities fraud, computer fraud and aggravated identity theft, and to one count of aggravated identity theft before U.S. District Magistrate Judge F.A. Gossett III in Omaha, Neb. Marimuthu, who was extradited for trial following his arrest in Hong Kong, faces up to seven years in prison, a maximum fine of $500,000 and three years of supervised release following his prison term. Sentencing has been set for April 26, 2010, before U.S. District Court Judge Laurie Smith Camp.
According to the indictment, Marimuthu was part of a conspiracy operated out of Thailand and India from February 2006 through December 2006 in which the prices of thinly-traded securities were fraudulently inflated by hacking into brokerage accounts in the United States and then illegally using the accounts to make large unauthorized purchases of securities in the name of unsuspecting customers. After the price of the securities had been artificially increased or "pumped up" through the bogus trading, Marimuthu admitted that the conspirators’ own holdings of the securities would be sold at a profit. At least 95 customers and nine brokerage firms in the United States have been identified as victims.
Co-defendant Thirugnanam Ramanathan, 37, pleaded guilty on June 2, 2008, to one count of conspiracy to commit wire fraud, securities fraud, computer fraud and aggravated identity theft. Following his arrest in Hong Kong, Ramanathan was extradited on May 25, 2007, to the United States. He was sentenced to two years in prison by Judge Camp, and has since been returned to India upon completion of his sentence. Co-defendant Chockalingham Ramanathan, 36, remains charged on one count of conspiracy, eight counts of computer fraud, six counts of wire fraud, two counts of securities fraud and six counts of aggravated identity theft. Chockalingham Ramanathan remains at large.
The case is being prosecuted by Trial Attorney Richard D. Green of the Computer Crime and Intellectual Property Section; Senior Litigation Counsel Jack Patrick and Trial Attorney Ryan Faulconer of the Fraud Section; and Assistant U.S. Attorney Michael Norris in the District of Nebraska. This case was investigated by the FBI in Omaha.
10-132 Criminal Division [1]
[1] http://www.justice.gov/opa/pr/2010/February/10-crm-132.html
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"Ever Go Drinking on Thursday and Awake CSIQ on Saturday with an STD (solar transmitted disease) ?"
That is just your insomnia kicking in.... You were Tyler for the missing day writing and posting inflammatory articles about GS. The question you have to ask yourself is were you "Analytical" Tyler or "Caustic" Tyler or ...
Which Tyler you were may explain a lot about your personality disorder. Get some seconal from your doctor and get some sleep. You will be fine...
So if these guys could do something like this from across the globe in 2005, then what could someone with inside access......oh forget it...
Its a good thing that all those PPT rumours are just that.
Two years in the pokey and then back to India.
Check this for its actual deterent effect.
Most interesting case - thanks chopshop.
+1
The story doesn't exist in M$Mland.
and why is that, it has all the great elements for a riveting Fox news series, no hard investigative research work needed, right there in public record, ...For God's Sake, foreigners are assualting our domestic financial systems, stealing our money, and govt is not taking it sufficient seriously and to date they have not tortured anyone but rather are only taking legal action....THIS MUST END!.....and yet no one says a peep...
Chopshop - Thanks for the continuing coverage of securities fraud prosecutions from the Department of Justice.
It's impressive to see the DOJ reach around the world to uncover a conspiracy to commit securities fraud operated out of India and Thailand. So, it is a mystery why the DOJ is not prosecuting the greatest financial crimes in U.S. history that are occurring right under the DOJ's nose on Wall Street.
The fraud from the resident of India affected 95 customers. The Wall Street fraud raped and pillaged the mortgage industry, ruined the housing market, destroyed the credit system, endangered federal/state/municipal financing, pension funds, and the banking system, caused massive unemployment, sent the economy into a downward spiral, endangered the world financial system, extorted the U.S. and the world to pay them billions in ransom or face the destruction of the world financial system and economy, and now are costing taxpayers hundreds of billions, even trillions of $.
The DOJ needs to bring RICO prosecutions, RICO confiscations of mega-billions of dollars of fraudulent gains, repayment of taxpayers, and 20 years-to-life hard time prison sentences for Wall Street criminals.
The DOJ needs to bring RICO prosecutions, RICO confiscations of mega-billions of dollars of fraudulent gains, repayment of taxpayers, and 20 years-to-life hard time prison sentences for Wall Street criminals.
Problem is, no one at DOJ wants to work in Thailand or India. Wall Street on the other hand...
my 'pleasure', tom.... glad a few folks enjoy.
no mystery (t)here ... they're going after small fries to make examples of; such is their stated MO ~ remember Martha ?
next few weeks ought see many 'announcements' as the thread continues to spool.
A new approach to getting than "sideline" money into play!
That was very funny.
Thank you for the laugh.
-MB
@ Chopshop
:-))))))))))))))))))
glad ya liked the saturday fare, Cursive.
sometimes the jokes write themselves.
Marimuthu and Ramanathan are also now on Goldman's Schmekel's most wanted list... to hire. Can you imagine this kind of talent unleashed on billions of free dollars?
Max Keiser..good show..
With guest, Catherine Austin Fitts.
http://maxkeiser.com/2010/02/06/ote39-on-the-edge-with-max-keiser-06-feb...