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A $300 Million Layover: CYNK Mastermind Arrested After Phoenix Diversion

Tyler Durden's picture




 

Submitted by Daniel Drew via Dark-Bid.com,

Catch Me If You Can

In what is probably the most expensive layover in history, Gregg Mulholland's international flight from Canada to Mexico turned tragic for him when his plane made a stop at Phoenix Sky Harbor International Airport on Tuesday. In an arrest that sounds like a scene straight out of Catch Me If You Can, the FBI finally closed the book on a story that began last July.

Mulholland took a page from The Wolf of Wall Street playbook when he turned CYNK Technologies into a $5 billion company. Mulholland made $300 million in illicit profits.

CYNK

Let's review the company's fundamentals: no assets, no income, one employee. In fact, Mulholland makes Jordan Belfort look like an amateur. Traders who tried to short sell CYNK got steamrolled and lost their jobs when they got squeezed in relentless rallies. Now, Mulholland is the one getting squeezed by FBI agents in Sky Harbor.

The FBI reports,

To facilitate these interrelated schemes, the complaint charges that the Mulholland Group used shell companies in Belize and Nevis, West Indies, which had nominees at the helm. This structure was designed to conceal the Mulholland Group's ownership interest in the stock of U.S. public companies, in violation of U.S. securities laws, and enabled the Mulholland Group to engage in numerous "pump and dump" schemes. This structure enabled the Mulholland Group to manipulate the stock of Cynk Technology Corp, which traded on the U.S. OTC markets under the ticker symbol CYNK. Using aliases such as "Stamps" and "Charlie Wolf," Mulholland was intercepted on a court-authorized wiretap in May 15, 2014, admitting to his ownership of "all the free trading" or unrestricted shares of CYNK.

Today's Lesson: If you ever find yourself with $300 million in illegal gains, don't fly commercial.

 

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Wed, 06/24/2015 - 21:04 | 6231699 wow thats crazy
wow thats crazy's picture

Dumb Ass!

Hey look Virgan Airlines is having a seat sale! 550 return!

Wed, 06/24/2015 - 21:05 | 6231710 y3maxx
y3maxx's picture

He'll be bailed by Friday.

Wed, 06/24/2015 - 21:10 | 6231729 philipat
philipat's picture

And then start a Hedge Fund, like Corzine....

Wed, 06/24/2015 - 21:14 | 6231737 philipat
philipat's picture

I wonder if that "Diversion" was for legitimate reasons or whether the FBI arranged it with the cooperation of the Canadian Authorities? Which Airline was it?

Wed, 06/24/2015 - 21:24 | 6231769 greenskeeper carl
greenskeeper carl's picture

don't know why he would think he was safe in mexico either. This ain't the old west, partner. Pretty sure the mexican govt will extradite your ass as soon as big brother to the north orders you to do so.

Wed, 06/24/2015 - 21:32 | 6231786 philipat
philipat's picture

Unless you are a Marine who takes a wrong turn over the border?

Wed, 06/24/2015 - 23:05 | 6232041 Monetas
Monetas's picture

That Marine was sloppy .... doesn't excuse Mexico's stupid handling of the problem .... wasn't a good moment for any of the players .... and Obomba was his usual .... smart nigger/dumb white guy !

Wed, 06/24/2015 - 23:20 | 6232085 greenskeeper carl
greenskeeper carl's picture

do you REALLY think that if the us gov actually wanted him released, he wouldnt have been, quickly?

 

Plus, that guy was an american citizen who had broken mexican laws in mexico and was in a mexican jail. This guy is one who broke american laws and was attempting to go to mexico, who the american govt wanted to presecute(and of course sieze all his money). Two entirely different things. And the obama regime is not going to put any effort into getting a gun owning veteran released from mexico when he was in possesion of guns that, while not (yet)illegal, are still disliked by the govt

Thu, 06/25/2015 - 08:05 | 6232811 max2205
max2205's picture

Missed it by That much..

Thu, 06/25/2015 - 09:08 | 6232968 Save_America1st
Save_America1st's picture

Lesson?:  "Competition is a Sin." ~ John D. Rockefeller

 

The criminals who manipulate the markets for billions every day and fuck the world over don't like competition from some asshole like this who's not in their mafia club. 

So they will send their attack squad after you and make and example for the rest of the sheeple. 

This guy is no Corzine...

Wed, 06/24/2015 - 23:07 | 6232042 wee-weed up
wee-weed up's picture

 

 

"Today's Lesson: If you ever find yourself with $300 million in illegal gains, don't fly commercial."

Correction:

Today's Lesson: If you ever find yourself with $300 million in gains, illegal or otherwise, the secret security apparatchik organizations of the USSA will eventually GET you...

Illegally or otherwise.

Thu, 06/25/2015 - 02:25 | 6232472 pgroup
pgroup's picture

Snowden would differ. Cockiness is what gets you. Criminals defeat themselves. Witness the two killers escaped from NY max prison.

If you whistle past the graveyard, you admit that the evil spirits are there and they are real. YMMV but not by much.

Thu, 06/25/2015 - 00:14 | 6232246 bitterwolf
bitterwolf's picture

LOL yup reality is MOST countries will roll you up and send you back in chains at behest of USG.... like ROME 2.0

Wed, 06/24/2015 - 21:18 | 6231750 conscious being
conscious being's picture

Re. Start a hedge fund. No he won't. He is not chosen.

Wed, 06/24/2015 - 21:04 | 6231703 order66
order66's picture

If I'm not mistaken, the SEC fine for that is like $17,000. That'll learn him.

Wed, 06/24/2015 - 21:14 | 6231736 disabledvet
disabledvet's picture

Next time fly to JFK where you can be granted "hero status of the USSA!"

Wed, 06/24/2015 - 21:05 | 6231708 Hugh G. Rection
Hugh G. Rection's picture

Sorry Mulholland, you weren't part of the crowd that gets away with ripping off people, next time trying running for public office first

Wed, 06/24/2015 - 21:18 | 6231752 MonetaryApostate
MonetaryApostate's picture

He forgot to deposit his earnings in the Bank Kleptocracy in London...

Wed, 06/24/2015 - 21:20 | 6231753 turnoffthewater
turnoffthewater's picture

HFT computers can't fly first class

Wed, 06/24/2015 - 21:57 | 6231851 Thirtyseven
Thirtyseven's picture

Forgot to bring his Jewish Privilege card.

Wed, 06/24/2015 - 21:06 | 6231709 Ness.
Ness.'s picture

The ticker symbol should have been PSYC.

Idiots.  All of them.

Wed, 06/24/2015 - 21:06 | 6231712 buzzsaw99
buzzsaw99's picture

wrong cufflinks bitchez

Wed, 06/24/2015 - 21:20 | 6231721 Yen Cross
Yen Cross's picture

lol, Was he seated next to the real TWTR ceo?

Wed, 06/24/2015 - 21:25 | 6231771 buzzsaw99
buzzsaw99's picture

too bad his name wasn't janet yellen. the fed loves the old pump and dump.

Wed, 06/24/2015 - 22:26 | 6231781 Yen Cross
Yen Cross's picture

  Mr. Moe Howard, buzz.

Thu, 06/25/2015 - 07:18 | 6232714 Moe Howard
Moe Howard's picture

Does Janet Yellen fly? Why haven't they arrested her in a layover?

Wed, 06/24/2015 - 21:09 | 6231725 THE 4th Quadrant
THE 4th Quadrant's picture

I would have jumped down into the cargo hold, kick open the landing gear door, wrapped a confederate do-rag flag around my head, and while the FBI was walking up the stairway to board the plane I would run/jump into one of their black SUV's and take off, steering with my knee put both fists out the window and salute with a double fuck you!

Wed, 06/24/2015 - 22:01 | 6231858 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

You're not exactly Project Mayhem material, but I've heard they're looking for people just like you for South Carolina State Senate seats.  </sarc>

Wed, 06/24/2015 - 21:09 | 6231727 Bay of Pigs
Bay of Pigs's picture

My guess is that he pays a "stiff fine" and walks...

Wed, 06/24/2015 - 21:21 | 6231756 NoDebt
NoDebt's picture

I don't think so.  He is not a member of the club.  If he was going to be given a pass he never would have been arrested and perp-walked from the airport.  They're going to burn him to the ground (jail time).  It's a message:  don't try this without authorization from the elites.

Thu, 06/25/2015 - 00:17 | 6232253 PeaceLover
PeaceLover's picture

Is just to get you to look away from the real problems. His mistake is not contributing campaigns or as some call them the law makers. It would seem who is in Jail not the real crooks. and they only have at best a 10% approval rating but they play good side bad side and the public goes ...Go team it will be better next term.

And the law enforcement wants us to think the flash crash was done from a comuter in London by one guy.
Shit idiots with guns.

Thu, 06/25/2015 - 08:17 | 6232841 mtl4
mtl4's picture

Yep, perp walk means publicity which also means you're going to get the book thrown at you (ie not in the club buddy)

Wed, 06/24/2015 - 21:11 | 6231730 Yen Cross
Yen Cross's picture

  Don't slap his wrist too hard.

Wed, 06/24/2015 - 21:21 | 6231755 847328_3527
847328_3527's picture

" He didn't build that."

Wed, 06/24/2015 - 21:21 | 6231757 NavMan
NavMan's picture

https://www.youtube.com/watch?v=pNZgSwZlXR8

And then there were some......

Wed, 06/24/2015 - 21:22 | 6231759 Jugdish
Jugdish's picture

So wait just a second there steve... are you sayin all I have to do to make 300 mil is setup some b.s. shit in a few caribbean shitholes and trade stocks and then just not show up back to the USSA and all is merry ? someone post some more info on this and educate us servile bankster peasants.

Wed, 06/24/2015 - 21:25 | 6231772 kchrisc
kchrisc's picture

Moral: Unlike Corzine, Mulholland didn't pay the proper vig to Zion.

Liberty is a demand. Tyranny is submission..

Thu, 06/25/2015 - 04:57 | 6232587 Jabotinsky_USA
Jabotinsky_USA's picture

Yes, I put his name on the agenda the last time we met at my synagogue and that is why he is cuffed.

 

Is there an hour of your life that goes by without blaming and hating Jews? It is like minutes of hate breaks in Orwell. Or is he also not kosher?   Did you know A.Rand was Jewish too? They got to her, panic now!

Wed, 06/24/2015 - 21:26 | 6231774 Latitude25
Latitude25's picture

Pump and dump or dump and pump.  Isn't that what the algos are doing every millisecond of every day?  Wow so this guy's to blame for it all!!!  Incredible.  Now the system is fixed.

Wed, 06/24/2015 - 21:37 | 6231803 Karaio
Karaio's picture

I should have gone to Hong Kong, after Moscow.

hehe.

Wed, 06/24/2015 - 21:44 | 6231821 Jugdish
Jugdish's picture

Wait.... Are you referencing Sean Hannity, the guy who exposed 9/11 ?

Thu, 06/25/2015 - 02:35 | 6232479 Karaio
Karaio's picture

No!

Edward Joseph Snowden!

This is the guy!

:-)

Wed, 06/24/2015 - 21:37 | 6231804 gmak
gmak's picture

"Today's Lesson: If you ever find yourself with $300 million in illegal gains, don't fly commercial.

" Unless you're the CEO of vampire-squid-like bank, or your name rhymes with fluorzine.
Wed, 06/24/2015 - 21:42 | 6231813 Yen Cross
Yen Cross's picture

  I guess the "Silk Road", doesn't have a 'Phoenix Hub' yet?

Wed, 06/24/2015 - 21:51 | 6231836 Atomizer
Atomizer's picture

Bet he wished that he booked Yorkshire Airlines.

https://www.youtube.com/watch?v=6VLYpKGVBUg

Wed, 06/24/2015 - 23:17 | 6232089 squid
squid's picture

I bust a gut....thanx for that.

Wed, 06/24/2015 - 22:11 | 6231868 One And Only
One And Only's picture

So this guy made a fake company, based it on an island, listed it on the stock exchange, and tweeted about it. In the process he made $300,000,000?

Did I get that right?

Wed, 06/24/2015 - 22:20 | 6231900 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

Yup.  And if you'd gotten the notion to short the bitch (due to all the BS being public info -- widely covered at ZH) you probably would have gotten blown up.  Strange world. 

Wed, 06/24/2015 - 23:09 | 6232054 Monetas
Monetas's picture

He made about $7,000 a minute .... in his spare time .... on his home computer !

Thu, 06/25/2015 - 01:15 | 6232377 Yen Cross
Yen Cross's picture

That was a good one Monetas.

Wed, 06/24/2015 - 22:44 | 6231979 Boomberg
Boomberg's picture

Very smart man except for knowing how to move around. Instead of prosecuted he should be appointed head of the SEC. 

Thu, 06/25/2015 - 00:42 | 6232297 Jugdish
Jugdish's picture

Well in theory yes but they'd still need to take a look at the volume of porn he watches and the variety but yes him being smart could weigh in either direction for him attaining that position. Amputee, midget, and ladyboy porn watching habits would tip the scale much more to his favor on that job app and his ability to overlook crime or better yet if he had no way to distingush right from wrong he'd fit right in, well actually if he preferred wrong over right and watched the fetish porn stuff he'd be hired on the spot. So ya you are right on the money.

Wed, 06/24/2015 - 22:47 | 6231991 Turin Turambar
Turin Turambar's picture

His only mistake was theft on such a small scale.  SMH Even Corzine knew better than this guy.  LOL

Thu, 06/25/2015 - 00:59 | 6232341 jmaloy5365
jmaloy5365's picture

Think about it, how did the FBI know he was on THAT layover flight unless they was tracking his every movement.

Thu, 06/25/2015 - 03:12 | 6232515 talisman
talisman's picture

Santa Claus has met his match:

He sees you when you're sleeping
He knows when you're awake
He knows if you've been bad or good
So be good for goodness sake

Big Brother, who ain't no Santa Claus
 is now watching everyone  24/7

Thu, 06/25/2015 - 04:39 | 6232580 HowdyDoody
HowdyDoody's picture

Put these people in charge of the investigation to find out how ISIS is funded.

 

Thu, 06/25/2015 - 07:23 | 6232723 Moe Howard
Moe Howard's picture

Make money at the rigged game? They got you tracked.

Two convicted murderers? Can't seem to find them.

Fri, 06/26/2015 - 18:24 | 6239472 Abbie Normal
Abbie Normal's picture

Because Phoenix SkyHarbor doesn't have an in-transit lounge, which means he had to pre-clear US Immigration at the Canadian airport first.  At that point, his passport would have been flagged so the FBI had 3-4 hours to get to the Phoenix airport and arrest him.  Anybody smart enough to scam $300MM should know better than to travel under their real name.

Thu, 06/25/2015 - 03:33 | 6232551 wildbad
wildbad's picture

his only mistake was in NOT paying off the right people or "investing" in the republicrats' voting sham.

Thu, 06/25/2015 - 05:48 | 6232622 Grouchy Marx
Grouchy Marx's picture

Compared to what Congress has stolen - 18 trillions of our children's future - this guy is a petty thief. 

Thu, 06/25/2015 - 06:29 | 6232643 overmedicatedun...
overmedicatedundersexed's picture

they got him, but where's the money? looks like a asset forfeiture deal in the making with any good crook lawyer getting him off with millions to keep.

Thu, 06/25/2015 - 08:05 | 6232810 22winmag
22winmag's picture

Not so fast! Isn't the TEA PARTY busy correcting this situation by slashing budgets and defunding wars?

Thu, 06/25/2015 - 08:41 | 6232897 firstdivision
firstdivision's picture

So when can we expect Kevin Henry to be arrested?

Thu, 06/25/2015 - 18:21 | 6235239 SirBarksAlot
SirBarksAlot's picture

Muholland, Muholland, now where have I heard that name before?

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