The whole Madoff money dilemma.

[ursus arctos]

As featured in Levine's newsletter today.

https://twitter.com/NewYorker/status/1630310133010952193?t=3ar178rlZvAx7r2x21ktrA&s=19

[Ginger Yellow]

A surprising amount of Hindenburg's short report on Block consists of analysis of rap music.

[caja-dglh]

I like how the steady flow of information points to a strategic disadvantage being on the West Coast.

[Ginger Yellow]

Fraud/failure pitchbook collection (via FTAV)

[ursus arctos]

Jeezus, GY

That needs a trigger warning for certain posters.

[Ginger Yellow]

Huh, I've managed to have a 20 year career in financial journalism without realising that Icahn was listed.

[ursus arctos]

There was a time when I could bring myself to care about the highly technical differences between being "listed" on an exchange such as the NYSE and "quoted" on a system such as NASDAQ (as is Icahn).

There is a bit of liberation in letting go of such things.

[Levin]

briankrebs@infosec.exchange - Wow. Anyone know what this is related to?
"The Securities and Exchange Commission today announced the largest-ever award, nearly $279 million, to a whistleblower whose information and assistance led to the successful enforcement of SEC and related actions. This is the highest award in the SEC’s whistleblower program’s history, more than doubling the $114 million whistleblower award the SEC issued in October 2020."

https://www.sec.gov/news/press-release/2023-89

That's a lot of money.

[ursus arctos]

The programme has been very successful for the Commission and DOJ, and there is now a small cadre of lawyers specialising in representing whistleblowers.

[Ginger Yellow]

Marsalek really gets around.

[Ginger Yellow]

The FCA has censured LC&F. That'll teach 'em!

[WOM]

A good update on the (ongoing) status of the Madoff money recovery after 15 years.

https://www.theglobeandmail.com/gift...IPS7URPRY35XI/

[caja-dglh]

Well yes - we outsource recovery and the expense gets paid by regulatory fees which will never get passed back to the consumer.

[Ginger Yellow]

Some big Wirecard stories this week.

CFO charged

Marsalek's dodgy spy connections even dodgier than previously known

[ursus arctos]

Short précis of the Journal piece

https://Twitter.com/yannikouts/status/1735601638247661869?s=12&t=xvOireV8JOIS_CpbTtDBow

He is obviously engaged in a tireless search for the real fraudsters

[Ginger Yellow]

More wild Marsalek stuff.

[ursus arctos]

I wonder if Wirecard was funding the ultrasonic weapon research