Fannie Mae Naked Short Lie:SEC Chris Cox,Agora Inc.,James Dale Davidson, Lord William Rees-Mogg LOM Bermuda, Schwab,vFinance Stock Fraud Money Laundering
Now why does Chris Cox and his SEC (U.S.Securities Exchange Commission)allow Scott Lines and his LOM(Lines Overseas Management) of Bermuda Bahamas Isle of Man,etc.whose massive U.S. penny stock frauds and manipulations in collusion with disgraced Florida Democrat Rep.Tim Mahoney's vFinance and Charles Schwab has been covered up by the SEC itself to buy and sell Fannie Mae,Freddie Mac,etc. shares ? And how can anyone know just how many they really buy and sell or short,(dump),over time ? Could these types of offshore hedge fund and securities fraudsters be what caused the collapse of Fannie Mae shares and NOT the lie Chrisopher Cox about 'naked shorting' Cox has sold to the public ?
Why invest with LOM? - LOM
LOM is one of the world's largest and most established offshore investment firms ... Iceland, India, Indonesia, Iran, Iraq, Ireland, Israel, Isle of Man ...
Fixed Income Fund - LOM
The LOM Fixed Income Fund is an absolute return, investment grade bond
fund. ... Fannie Mae, 02/01/11. Fannie Mae, 06/30/11. Fannie Mae,
06/25/10 ... http://www.lom.com/fixed-income-fund
LOM 2008 Half Year Financial Results - LOM
The storm continues in the financial markets with both Fannie Mae and
Freddie ... LOM's first half net earnings for 2008 decreased to $47806
or 1 cent per ... http://www.lom.com/lom-2008-half-year-financial-results
And with all the U.S. penny stock fraud and manipulation from LOM over
the years that Chris Cox seems to have forgotten and that includes
Alexandria,Virginia's James Dale Davidson and Canadians Brent Pierce
and Grant Atkins of NAANSS(National Association Against Naked Short
Selling),fame's Genemax pump and dump money laundering as well as those few penny stocks acknowledged by Carol Remond of WSJ and David Marchant OF OFFSHOREBUSINESS and the SEC,but also including Charles Schwab's and Tim Mahoney's vFinance 'market maker' expertise to manipulate Endovasc of Virginia banker David P Summers(posing as a Texas biotech CEO and inventor) and I believe many more U.S. penny unmentioned - how can the SEC justify this offshore pump and dump firm to buy and sell Fannie Mae !?
It should be remembered that James Dale Davidson and his British Lord,or Lard,William Rees-Mogg once were substantial shareholders in LOM and thus they and their Agora Inc must still have some clout there.And NCANS 'Bob O'Brien' the anonymous spokesman for Patrick Byrne's NCANS or
National Coalition Against Naked Shorting that replaced Davidson's
NAANSS in 2005 once posted on NFI's Yahoo.con ! pump and dump message board that Davidson was involved with NCANS as well and provided it with cell phones.Davidson's and the Lard Rees-Mogg's and Steve Forbes' NTU or National Taxpayers Union is located coincidentally in Alexandria,Virginia near the Securities Exchange Commission where many penny stock frauds and money laundering ops have been orchestrated from over the years.
It should be noted the the Lord William Rees-Mogg is a co-author with
James Dale Davidson of sensational self promotional investing books
such such as 'The Sovereign Individual'(that actually explained Davidson's modus operandi to use the new internet for anonymous stock fraud and dirty tricks) and 'Blood In he Streets' that have become cult classics of far right Libertarians such as Texas Republican Ron Paul who has alsolied in collusion with James Dale Davidson,Christopher Cox,Patrick Byrne,et.al. about 'naked short
selling' in order to distract from very real offshore hedge fund
shorting and stock manipulation and illegal U.S. penny stock pumps and
dumps and money laundering of the kind James Dale Davidson's,the Lord
William Rees-Mogg's,Scott Lines',et.al.'s LOM of Bermuda really does.
Lord Rees-Mogg is former editor of Times of London now owned by his
friend Rupert Murdoch who now controls Wall Street Journal(as if it
weren't corrupt and right wing enough before he bought it).The Lard William
Rees-Mogg was an adviser to 'Iron Lady' Margaret Thatcher which might
explain some of the financial corruption going down around her UK
regime at the time such as collapse of the market and pound and stock frauds.
James Dale Davidson was an economic adviser to daddy George Herbert
Walker Bush behind the scenes and he(Davidson himself)has hinted at
money laundering activities for both 'Poppy' Bush and Bill Clinton regimes.He was also the chief accuser of Bill Clinton in the death of Vince Foster and was employer ex CIA Chief William Colby at the time he died mysteriously in a drowning in the 1990's in order to have Colby's name on his fraudulent Agora Inc stock promotion news letter,Strategic Investments.Colby's name was used on the Strategic Investment letterherad sent out accusing Clinton of the murder of Foster but Colby died without ever making a comment on Davidson's use of his name to accuse Clinton of murder which he(Colby) was paid foronly to promote James Dale
Davidson's,Lord William Rees-Mogg and Bill Bonner's,et.al.'s Agora Inc stock
frauds.Humorously enough the British Queen's good ol boy,or old man,Lord William Rees-Mogg was more interested in sniffing out Monica Lewinski's soiled under wear and kissing up to Monica's handler and literary pimp Lucianne Goldberg to do so.:
The British Oligarchy Moves To Oust President Clinton
... Lord William Rees-Mogg's Strategic Investment newsletter, and British ... from no later than 1993, New York ``literary agent'' Lucianne Goldberg, ...
September 18, 2008
By Lord William Rees-Mogg
London, England, U.K.
Forecasting the Crash
In 1987, which is now more than twenty years ago, I published a book
with James Dale Davidson. Some people still remember it for its title,
Blood in the Streets, taken from a remark of Nathan Rothschild in
1815, at the time of Napoleon's hundred-day gamble that ended in his
defeat at Waterloo. "The time to buy," said Rothschild, "is when blood
is running in the streets." The book arose out of our commentary in
The book attracted a good deal of attention at the time because it
forecast the 1987 crash, which is still the largest fall in one day's
trading on Wall Street. I was in New York when the 1987 crash
occurred. I remember an Australian broker observing that he had fought
in a foxhole in Vietnam and that he found the 1987 crash more
Post by David Marchant on his offshorebusiness.com message board re the Lard William Rees-Mogg,James Dale Davidson and LOM of Bermuda:: http://www.offshorebusiness.com/message_board_detail.asp?id=57480&page=19
Re: Scott Lines - Brian Lines - Lines Overseas Management slammed by SEC
By David Marchant on 12/20/2007 6:53:12 PM
I've been reporting on LOM for many, many years. I was working in
Bermuda when the company was launched.
I don't recall LOM ever threatening to sue me, however. To the best of
my knowledge and recollection, the company has never made such a
Of interest is that, when I looked at the holding company's share
register several years ago, Agora's James Dale Davidson was on it, as
was Lord William Rees-Mogg, who is also involved with Agora.
I have followed the american english term 'naked short selling' or 'naked shorting' created by U.S. penny stock con artists protected by the corrupt Securities Exchange Commission of the United States since 1992 when the term
first began to be posted on ragingbull.con and Yahoo.con ! stock message boards.Even Steve Forbes' own paid business hack reporter Gary Weiss
(whose anonymous vanity biographer Mantan Moreland appears responsible for deleting all mention of James Dale Davidson's involvement with NAANSS or National Association Against Naked Short Selling on Wikipedia)has admitted he can't track its existence (the term 'naked short selling')any further back than 1999 when it was posted on the sec.gov's own website by an anonymous penny stock scamster who complained about it in regards to some worthless penny stock he was promoting(and no doubt dumping shares of that he wished to claim-lie were not his and his fellow stock scamsters own unaudited and probably unregistered shares ).
In fact I screamed in my indymedia articles-posts when the term was first mentioned in an english video on Al Jazeera,(and enquired how they said 'naked short selling' in Arabic), in 2006 AND ON NY MAYOR MICHAEL BLOOMBERG'S BLOOMBERG AND ON RUPERT MURDOCH'S(AND THE LORD WILLIAM REES-MOGG'S TIMES OF LONDON)IN 2007 IN RELATION TO NORTHERN ROCK AND ONLY APPEARED IN AUSTRALIAN ENGLISH THANKS TO RUPERT MURDOCH'S HACK REPORTER AND SLEEZY NEWSPAPERS IN 2008 ! The term has no academic or historic credibilty and no one ever identifies any person or entity that is 'naked shorting' - except for Pat Byrne who blames it on a 'Sith Lord' ! Ha.
The SEC and Christopher Cox know it is a made up term the fraudsters such as James Dale Davidson quoted below in email to me from 2004 and on his own Agora Inc Vantage Point website defines it as 'counterfeitting' of shares although who is doing it always remains unknown and unsaid.Just ask SEC Chair Chris Cox who now heads this fraudulent claim movement just as the now silent James Dale Davidson and the still raving Patrick Byrne of Overstock.con still does !Only Chris Cox now uses it to distract from the hedge funds and offshore criminals he protects who have basically looted Fannie Mae and Freddie Mac through unregulated stock manipulations from anonymous offshore accounts both hedge funbd and private accounts that are probably uilty of both money laundering and tax fraud.YES,CHRIS COX CAN BE PROUD,HE IS HEADING A FRAUD MUCH BIGGER THAN HIS HEROES AND LATHAM
WATKINS LEGAL CLIENTS OF ENRON.THIS FRAUD TOPS A TRILLION DOLLARS AND PROMISES TO LEAVE EVERY AMERICAN MAN WOMAN AND CHILD INDEBTED IN PERPETUITY !
Immediately below is part of my email correspondence with James Dale
Davidson founder of Steve Forbes', et.al.'s National Taxpayers Union
near Chris Cox's SEC office in beautiful downtown Alexandria,
Virginia. Mr.Davidson is also founder of Bill Bonner's,et.al.'s Agora
Inc penny stock holding(and dumping),
'company' in beautiful downtown Baltimore,Maryland.
James Dale Davidson has admitted to money laundering for George
Herbert Walker 'Poppy' Bush on his own newsmax.com that Rupert
Murdoch's Fox News loves to cite.He is the inventor of the 'Clinton
killed Vince Foster' myth and worked with Richard Mellon Scaife to
bring Clinton down although he helped finance Clinton's first run for
the White House.
Below is a link to and quote from Davidson's correspondence with me of 2004 that I posted on cnet.Note that although everyone knows Davidson's Genemax was a pump and dump fraud that
used various offshore accounts and the collusion of Charles Schwab and vFinance - no one was ever convicted and although innumerable money laundering operations with U.S. penny stocks have occured post 9/11 not one has ever been charged with making a fraudulent claim about 'naked short selling' to distract from all the worthless sjhares they 'pump and dump'!And now Chris Cox would have us believe Fannie Mae and Frediie Mac were simply 'naked shorted' - by Patrick Byrne's 'Sith Lord' ? - and that will be the end of it !
Note recent comments from SEC Chair Cox will be posted immediately after Davidson's email to me and his old Agora Inc Vantage Point stating,'the SEC also lies. I know because the SEC field office in
Utah has lied about me. And I suspect that these lies are the
culmination of a carefully laid plan to discredit GeneMax and punish
the company for raising troublesome issues about naked short selling,
which has also embarrassed the SEC.....'
Well the penny stock money laundering criminal James Dale Davidson certainly has a friend at the U.S. SEC now as if didn't at the time he complained.He was let off by the SEC and the corrupt Utah SEC attorney Brent Baker(who later got a well paid position with Patrick Byrne)never even mentioned his fraudulent claim that his Genemax pump and dump and Virginia banker David P Summers'Endovasc were relly illegal pump and dump money laundering operations.
David P Summers,(James Dale Davidson's Endovasc pump and dump money laundering partner and as it turns out Beltway colleague) never even disclosed he was really a Virgina banker and lied about his background outright! He is still running penny stock frauds such as the 'biotech' Metabolic Research as well as Virginia Heritage Bank ! Ms.Kerry McGovern of the SEC knows all about this as do no doubt many more SEC attorneys but she does nothing but defend them. http://news.cnet.com/5208-1038-0.html?forumID=1&threadID=10346&messageID=76947&start=-1
Yahoo protects stock mafia , death threats: reader comment from Tony Ryals
Posted on: octubre 13, 2005, 9:53 PM PDT:
Dear Mr. Ryals,
Who are you? I infer from your rantings below that you are delusional.
But perhaps more than that? Perhaps you are malicious, and in the
employ of electronic counterfeiters who have feasted on the corpses of
small public companies ever since the advent of electronic clearing? I
can think of no other motivation that would explain your letter. By
and large, normal people do not sit around inventing malicious
fantasies about someone they don't even know.
Obviously, you have your own agenda, so you are unlikely to be swayed
by anything I might say. I recognize that. But for what it's worth, I
have never been involved in any "pump and dump" exercise. For the
record, you have been warned. I would advise you not to repeat your
malicious slanders in a public forum, or I shall be obliged to take
legal action for redress.
Sincerely, James Davidson
P.S. By the way, your search for a company I have been involved with
which was a success for its investors could not have been very
diligent. As it happens, there was a long op ed piece in the
Washington Post this week by a small investor who made so much money
following my advice that filing his taxes had become a burden for him.
James Dale Davidson
Dear Vantage Point Investor,
You may be as startled and upset as I am by the sudden collapse in the
price of GeneMax (GMXX), which has tumbled in the last nine trading
days. The question is, why? I can't pretend that I fully understand
the answer. But I have a disturbing guess. It appears that the naked
short-sellers who have counterfeited millions of GeneMax shares in an
attempt to destroy the company have enlisted powerful help.....
Unhappily, the SEC also lies. I know because the SEC field office in
Utah has lied about me. And I suspect that these lies are the
culmination of a carefully laid plan to discredit GeneMax and punish
the company for raising troublesome issues about naked short selling,
which has also embarrassed the SEC.....
And, if you are as concerned as I am about electronic counterfeiting
and its effects on the dynamic young companies that must fuel our
country's future growth (as well as your portfolio), I urge you to
write your congressman. You can also register your concern with the
National Association Against Naked Short
Selling(www.nakedshortselling.com),, which is taking up the fight for
companies and investors alike.
Now note how our own SEC Chairman who should be protecting the public is aiding known penny stock criminal James Dale Davidson who founded NAANSS or National Association Against Naked Short Selling with Canadian penny stock criminals Brent Pierce and Grant Atkins and claimed Genemax and Endovasc were being 'naked shorted' when in fact all those shares were being issued and dumped by James Dale Davidson and gang from numerous accounts including LOM of Bermuda Charles Schwab and disgaced Florida Democrat Representative Tim Mahonwy's vFinnace ! And even tough Chris Cox and his corrupt or criminal SEC attoeneys all know this they allow offhore criminal enterprises such as LOM of Bermuda and Bahamas and Liechtenstein etc.,to by and sell and manipulate shares of Fannie Mae eve4n knowing both American investors can and have been harmed andf that U.S. tapayers or their children will be left with thew debt !
This is much larger than the penny stock scams that started the fraudulent naked shorting rumor and even Enron that Chris Cox's law firm in California represented even knowing it was robbing not only investors but his own California constituents blind at the beginning of W Bush administration in 2000 ! Christopher Cox who heads our own SEC is perhaps the biggest stock criminal in U.S. history and yes that is a serious accusation !
The proof that Chris Cox is lieing to aid James Dale Davidson penny stock fraudster money launderer and founder of the National Taxpayers Union a few blocks away from him as well as Geico billionaire Jack Byrne's son Patrick Byrne of Overstock.con is the fact that Fannie Mae and Freddie Mac etc., unlike most penny stocks such as Davidson's Genemax and Endovasc poumps and dumps,etc.,pay or at least paid dividends,(with the exception of NFI or Nova Star Financial mortgage lenders that NCANS also claimed was 'naked shorted').And the very fact that Fannie Mae and Freddie Mac
and even NFI paid dividends and not one investor or shareholder - not even insiders to the fraud - ever said they did not receive their dividends so in fact none of their shares were ever 'naked shorted' or counterfeitted or some of the shares would not have paid dividends if they weren't real so Chris Cox is just repeating James Dale Davidson's lies.And not one bought off corrupt business reporter from Steve Forbes' Forbes to Rupert Murdoch's Wall Street Journal to New York Mayor Michael Bloomberg's Bloomberg or the New York Times are calling him on his lies that have defrauded and looted not only 'retail' or 'mom and pop' investors in Fannie Mae etc.,but also homebuyers as well as taxpayers or their children indebted to the tune of trillions of dollars!Yes this is much bigger than penny stocks Mr.Cox and you should be behind bars for many years.You,Christopher Cox,are worse than Saddam Hussein who you lieingly accused of having 'WMDS'causing the death of thousands of Americans and hundreds of thousands of Iraqis !But of course dirt tricks both political and stocks have been your political
'expertise' in both the 'Poppy' Bush
and Reagan regimes as they were during your time as Orange County Republican Congressman and later as head of House Homeland Security Dept.,isn't that that right - far right - Mr.Cox !? http://www.sec.gov/news/press/2008/2008-143.htm
SEC Enhances Investor Protections Against Naked Short Selling
FOR IMMEDIATE RELEASE
Washington, D.C., July 15, 2008
"The SEC's mission to protect investors, maintain orderly markets, and promote capital formation is more important now than it has ever
been," said SEC Chairman Christopher Cox. "Today's Commission action
aims to stop unlawful manipulation through 'naked' short selling that
threatens the stability of financial institutions. We will continue
our vigorous commitment to investors by working within the SEC and in
close cooperation with our regulatory counterparts to promote the
continued health and vibrancy of our markets."
Statements of SEC Chairman Christopher Cox and Enforcement Division
Director Linda Thomsen Regarding Immediate Commission Actions to
Combat Market Manipulation
FOR IMMEDIATE RELEASE
Washington, D.C., Sept. 17, 2008
"Millions of investors entrust their savings to our securities markets
because they can be confident that our markets are orderly, liquid,
efficient, and rational," said Chairman Cox. "The turmoil in today's
markets, particularly in the financial sector, is challenging that
assumption for ordinary Americans. Markets are the best tool a free
society has to price and allocate assets across a complex economy, but
as is well known from experience, sometimes the wisdom of crowds is
supplanted by crowd behavior. We need well-functioning markets to help
us draw the line between reasonable miscalculation and error or
something worse involving the failure of due diligence, self-dealing,
and conflicts of interest. It is thus vitally important that the
market mechanism continue to inspire investor confidence.
"In order to ensure that hidden manipulation, illegal naked short
selling, or illegitimate trading tactics do not drive market behavior
and undermine confidence, the SEC today took several actions to
address short selling abuses," Chairman Cox continued.
The truth is Christopher Cox has so many conflicts of interest he
shouldn't even be allowed to live near Washington,D.C.,much less run
the U.S. SEC for the personal gain and financial and securities frauds
of his old Reagan-Bush administration money launderers such as James
Dale Davidson with his international far right fascist and stock fraud and money laundering connections and operations from the UK to Israel to Austria, Liechtenstein and the UAE and Dubai and around the world.Below is an obvious illegal penny stock spam
by James Dale Davidson's newsmax and
right - right out - out of Davidson's and Lord William Rees-Mogg's and
Steve Forbes' own National Taxpayers Union office building near the
SEC main office inb Alexandria, Virginia itself !And the U.S. SEC or Securities Exchange Commission,a few blocks away,does nothing !: http://www.testcompany.com/archive/May2007-18/3687.html
SPAM+++ How You Can Profit from "An Oil Field in the Placenta"
Date: Wed, 09 May 2007 13:17:27 GMT
Dear NewsMax Reader:
Please find below a special message from our sponsor, James Davidson,
Editor of Outside the Box. He has some important information to share
"An Oilfield in the Placenta"
New Discovery Lets You Make A Fortune Without Ethical Controversy With
Stem Cells From Umbilical Cord Blood
Why you could pocket 30 times more profit from an obscure Israeli
biotech discovery than from a 40 billion barrel oil find at Prudhoe
By James Dale Davidson
If you have shied away from profiting from the immense promise of stem
cells to treat disease because of moral concern over extracting stem
cells from fetal tissue, pay close attention. You can now invest with
a clear conscience. An Israeli entrepreneur, Zami Aberman, has
discovered, "an oilfield in the placenta." His little company,
Pluristem Life Systems (OTCBB: PLRS) has made a discovery which is
potentially more valuable than Prudhoe Bay.
Sounds crazy, right? Not really. The exciting news is that you may be
able to make more money from Pluristem's "placental blood" stem cell discovery than you could have made four decades ago from ARCO's
discovery of a vast, untapped oil basin in Alaska's remote Prudhoe
Buy Pluristem (PLRS.OB) now, and profit from the stem cell revolution.
BUILD YOUR FORTUNE FROM HIGH GROWTH, MICRO-CAP COMPANIES. SUBSCRIBE TO
OUTSIDE THE BOX: Unconventional Thinking for Unconventional Profits
"YES" I am determined to create my own bull market by realizing the
profit potential of undiscovered, micro cap stocks.
Mail to: Outside the Box
108 N. Alfred Street, Suite 200
Alexandria, Virginia 22314
(Note the address given above for James Dale Davidson's illegal 'pump and dump' of Pluristem with his far right Israeli colleagues(and Frank Carlucci of Carlyle and CIA fame) with intent to defraud his fellow Americans is his and Steve Forbes' et.al.'s
National Taxpayers Union office a few blocks from SEC Chairman Christopher Cox's office !Also Davidson uses his right wing Fox News connected newsmax that is funded by such penny stock frauds as Genemax that started NAANSS and the very 'naked short selling' lie that his old Reagan-Bush regime ally Chris Cox now as head of the SEC uses to distract defrauded investors from Fannie Mae's and other mortgage
stock pumps and dumps and illegal U.S.stock manipulations by offshore
entities such as LOM of Bermuda !)
In truth if we had real business journalists rather than Steve Forbes',
Rupert Murdoch's,Bloomberg's paid hacks who dominate business and other
'news' - Christopher Cox ex Republican Orange County Congressman
whose Latham and Watkins law firm represented Enron in California and
who lied about WMDs in Iraq and covered up the Reagan-Bush China
The Cox Report's 'Dirty Little Secret'
George W. Bush's nominee to oversee Wall Street produced a
congressional report in 1999 that laid the principal blame for China's
alleged theft of nuclear secrets on the Clinton administration when
the primary rupture of secrets actually could be traced to the
Reagan-Bush administration of the 1980s.
Is the Bush Administration Trying to Take Down Fannie Mae?
By Scott Thill, AlterNet. Posted January 28, 2008.
The government-backed lender is embroiled in a murky battle.
"I love my grandfather," CNN chatterhead Glenn Beck complained on his
eponymous show, "but I just want to slap him across the face for
liking FDR. I think that was one evil son of a bitch."
Beck's complaint was echoed by his guest for the segment, supply-side
economist Stephen Moore, one-time president of the Club for Growth,
fellow at think tanks like the Cato Institute and Heritage Foundation,
author of Bullish on Bush and now a Rupert Murdoch employee on the
Wall Street Journal's editorial board. Together, they tag-teamed the
history books so hard on Roosevelt and the New Deal that one could
have been forgiven for forgetting that the four-time president's
policies not only carried America through the Great Depression, but
defeated both Hitler and Mussolini to score a geopolitical hat trick.
In Beck and Moore's rhetorical attacks, FDR comes out looking like the
very fascists he defeated, one who actually lengthened the Great
Depression in an attempt to "nationalize," as Beck asserted,
everything in sight and screw honest, hard-working businessmen out of
their deserved paydays.
Of course, Moore and Beck are not alone: Naomi Klein's stunning The
Shock Doctrine, a deeply researched and scathing condemnation of
Milton Friedman's free-market ideology (and ideologues), catalogs
neoconservative attempts over the last several decades to unwind
everything FDR's New Deal has accomplished. Taken together, the
attacks on FDR share one major goal: To privatize what is left of the
New Deal and undermine its programs to help the poor and unlucky of
the United States navigate their way into the middle class.
The Federal National Mortgage Association (FNMA), more commonly known
by its portmanteau nickname Fannie Mae, is one such government entity
created by the New Deal, initially to inject liquidity -- or cold,
hard cash -- into the mortgage market. That is, until 1968, when it
was converted into a private corporation that ceased to guarantee
loans made by the government. Since then, it has existed in a nebulous
state otherwise known as a government-sponsored entity (GSE), like its
smaller GSE-in-arms Freddie Mac, which also buys and pools loans on
the secondary market to package them into mortgage-backed securities
for sale to investors on the open market. Even though Fannie and
Freddie receive no
Bush administration denies funding for FBI probe of mortgage mess
by Seattle Post-Intelligencer
01 Nov 2008
The Bush administration is rejecting FBI pleas for more agents to
investigate crimes that helped trigger the global financial meltdown,
bureau sources said this week.
Many more agents needed, official says
Friday, October 31, 2008
Last updated 2:54 p.m. PT
By PAUL SHUKOVSKY AND DANIEL LATHROP
SCHWAB,VFIN AND LOM FROM THE ROYAL GAZETTE OF BERMUDA,2004
Clients stood to benefit from suspect stock sales � claim
Published: November 3. 2004 12:00AM
LOM Logo Scott Lines, Donald Lines and Brian Lines
Clients of investment firm Lines Overseas Management stood to profit
from the alleged manipulation of a penny stock now under investigation
by the US Securities and Exchange Commission, according to a court
The SEC filing, first reported on yesterday by Miami-based newsletter
Inside Bermuda, said the clients bought a total of 100,000 shares in
Sedona Software Solutions from ICH Investments, a firm the SEC alleges
is controlled by LOM principals Scott and Brian Lines.
The clients, who included directors such as company lawyer Graham
Collis and Susan Wilson, senior employees like CFO Malcolm Moseley,
and relatives of the Lines brothers, bought the shares for $4 a share
on January 21, 2003 when the market price for the shares was $9.
In addition the SEC filing alleged that Scott Lines, the chief
executive officer of LOM, and Brian Lines, the firm's president, also
profited from the sales.
"Even though Brian and Scott Lines sold these shares for $4 per share,
they still profited from these sales because they had purchased the
Sedona shares for approximately seven cents per share," the SEC filing
The filing alleged that the sale of the shares took place four days
after Sedona's stock price had been boosted by the issuance of a Press
release which the regulator claims was misleading in that it did not
disclose LOM's involvement with the buyer and seller in a merger deal.
By the time the SEC temporarily suspended trading of Sedona shares for
suspected stock manipulation eight days later, LOM's clients had sold
13,000 of the Sedona shares "into the US market for a profit" even
though their stock was "apparently restricted" and "could not be sold
over US markets for at least one year and, even then, under certain
restrictions", the filing said.
Inside Bermuda reported: "Those who did not sell prior to the
suspension of trading avoided potential losses from the subsequent
collapse of the stock price when, according to the SEC, LOM cancelled
the transfers of shares from the ICH account."
LOM vice president of compliance Scott Hill said the company could not
comment on the SEC allegations because it was pending before the
"The information contained in the KYC News article was taken from the
SEC's last court filings in advance of the subpoena enforcement
hearing now scheduled for December 10," he said.
"Because this matter is pending in the courts, we are unable to
comment on the specific allegations at this time. However we look
forward to getting into court and having the SEC's allegations
reviewed by a federal judge where all the facts can be considered."
According to an exhibit filed by the SEC at the US District Court for
the District of Columbia on October 13, the purchasers of the
discounted shares included Daisy Alexandra Lines, Francesca Elizabeth
Lines, Sharon Lines, representing Nicholas Lines and Ben Lines, who
are both minors; Graham Collis, Susan Wilson, Graham Redford, Kevin
Winter, Kevin Christopher Way, Dave McNay, Ian Brown, Stuart M. Smith,
Malcolm Moseley, Kim Moseley, Robert L. Moore, Bente Ahern,
Christopher Maurice White, John Cook, Derek Lee, Constanzo Di Meglio,
James Parris, Sharon Parris, James Parris Jr., Don Petkau, Derricka
Brangman, Richard Paynter, Debra-Ann Paynter, Bermuda Overseas
Investors Limited, First Edinburgh Securities, Clover Capital
Corporation, Quindone Investments Ltd., Bart Holdings Ltd., Bably
Ltd., Median Ltd., and Gigco Holdings Ltd.
Inside Bermuda said most of those identified in the exhibit bought
between 500 and 2,000 of the discounted shares, although some
purchased more, including Constanzo Di Meglio, who works for Bermuda's
Little Venice restaurant chain, who allegedly received 5,000 shares.
Mr. Collis, a partner with Bermuda's biggest law firm, Conyers, Dill &
Pearman, and a director of LOM (Holdings) Ltd., received 1,500 shares.
Mrs. Wilson, who is chief executive officer of Masters Ltd. and who is
also head of LOM's Audit Committee, received 1,000 shares, according
to the SEC.
Mr. Collis did not respond to questions emailed to him by Inside
Bermuda asking about his alleged acquisition.
According to the SEC's Washington DC branch chief, attorney Michael
Ungar, ICH Investments Ltd. � whose alleged nominal head was Kevin Way
� was one of several companies that acted as nominees for Scott Lines,
Brian Lines and/or LOM customers. Others included Gateway Research
Management Group Limited and SKN Holdings Ltd. (both allegedly
nominally headed by Kevin Winter); Clyde Resources Ltd. (Graham
Redford), Warwick Ventures Ltd. (Stuart Smith), Iguana Investments
Ltd. and Nottinghill Resources Ltd. (both Richard King), Consensus
Investments Ltd. (Eric Collins), and Aberdeen Holdings Ltd. (Michael
Nominees for the Lines brothers were compensated by receiving stock at
a steep discount to its trading price, according to the SEC. Promoters
were also compensated with shares, plus cash, to promote penny stocks
associated with LOM and/or two of its clients, James Curtis and Todd
Peever, it was alleged.
Two of the compensated "touters" were identified as Intrepid Investor,
which has a mailing list of "almost one million people", and OTC
Journal, which has "over one million subscribers".
Details of the alleged discounted sales to privileged insiders and
alleged compensation to stock promoters were disclosed in court
filings by the SEC during October as it seeks to force LOM and Scott
Lines to comply with four subpoenas for records and testimony
concerning two separate investigations into alleged securities fraud
involving Sedona Software Solutions Inc. and SHEP Technologies Inc.,
both of Vancouver, Canada, and HiEnergy Technologies Inc., of Irvine,
LOM and Mr. Lines contend that the United States does not have
jurisdiction over them and that they are prohibited from disclosing
some of the information being sought due to secrecy provisions of laws
in Bermuda, the Bahamas and the Cayman Islands, where LOM has offices.
As part of an attempt to establish that LOM has sufficient ties to the
United States to meet jurisdictional requirements, Ungar claimed that
LOM executed substantial volumes of trades with the US operations of
vFinance Investments Inc., Schwab Capital Markets LLC, and Sterne,
Agee Capital Markets and also did business with CIBC Mellon Securities
Trust Company, in New York.
"The volume of LOM's US trading, whether on behalf of its customers or
its own accounts, is staggering," stated Mr. Ungar. "For example, in
LOM's account at Schwab, during a two-week period in 2003 � the same
year in which the SHEP and Sedona transactions in question occurred �
LOM bought or sold, on over 4,000 different occasions, a total of 151
million shares of US securities traded over various US securities
The trader at Florida-based vFinance who was in charge of LOM's
account testified that "LOM's trading over the US markets was more
than the trading of most US regional banks" and that he "either
accumulated or liquidated millions of shares a day for them", stated
In arguing that it was prohibited by offshore secrecy laws from
disclosing certain information to the SEC, LOM had submitted
declarations from attorneys Paul Smith, of Conyers, Dill & Pearman, in
Bermuda; Michael Paton, of Lennox Paton, in the Bahamas; and Richard
Fear, of Charles Adams, Ritchie & Duckworth, in the Cayman Islands.
The SEC countered these arguments by submitting declarations from
attorneys Dennis Dwyer, of Wakefield Quin, in Bermuda; Emanuel
Alexiou, of Alexiou Knowles & Co., in the Bahamas; and Charles Quin,
of Quin & Hampson, in Cayman, who each stated there were legal
gateways available that allowed compliance with such subpoenas if
those served with them actually wanted to comply.
LOM had also claimed that it was prevented � upon pain of criminal
punishment � from turning over telephone records to the SEC but Mr.
Dwyer declared that the provision of Bermuda's Telecommunications Act
that LOM cited only applied to "the interception of telephone
The Act "provides exceptions for telephone conversations maintained
for quality control purposes" and "disclosure of confidential
information is permitted on the grounds of public interest", stated
The current action at the US District Court for the District of
Columbia was initiated on June 10, 2004 when the SEC filed an
application for an order to show cause why LOM and Scott Lines should
not be ordered to comply with its subpoenas. The court has
re-scheduled a hearing to determine the issues of the case for
December 10, 2004.
LOM said it yesterday filed a supplemental declaration with the court on behalf of Scott Lines responding to an SEC affidavit alleging that Scott Lines was "not truthful" in a declaration filed with the court,and that he did not leave Miami until April 21 as opposed to April 20 as noted in his initial declaration.
LOM said the supplemental declaration refutes the SEC claim and
confirms that he did in fact leave Miami on April 20.
"They are bogged down big-time or there would be some indictments by
now," said a recently retired bureau official who played a pivotal
role in setting FBI policy after
Cox on naked short selling:
Fannie Mae:Congessman Barney Frank Goes Down On Moses,Tim Mahoney
Pimps Mistress,SEC Chris Cox Cries 'Naked Shorts'
SEC,Fannie Mae,Freddie Mac,'Naked Shorting' Lie:John McCain, Chris
Cox,James Dale Davidson Massive Stock Fraud
First U.S.Government Censored 9/11 Al Qaeda Video:Fox News' War Porn
Star Jack Idema Tortures In Afghanistan
Nazi Pope Benedict XVI,Sarah Palin's UnWed Pregnant Teenager,Nancy
Pelosi's Papal Smear
9/11,Dem VP Joe Biden,Hunter Biden's Paradigm and Israeli Delaware
Corp ICTS International
Swissair 111 Crash,Israeli PM Ehud Olmert,Morris Talansky and AIPAC
Attorney Neal Sher Cover Up
Gremach Infrastructure's Google India Attack,Mozambique Coal Baron Squalor
Campbell White's Jonathan Heimberg - Pseudo Christian ?, Judeo Fascist ?,CIA ?
India Bombing,Ken Haywood,Campbell White,Door Ministries,Christian
Yahoo!,India Bombing: Campbell White Computer and Strange Fox
News-Frank Luntz Connection
Yahoo!'s China,U.S. Government Agents Jerry Yang,Carl Icahn,Missing
White House E-Mail,Adnan Khashoggi, GenesisIntermedia Stock Fraud,
Fox News: Greg Gutfeld,Adolf Hitler's Jewish Relative,Defends New
Yorker Barack Obama Hit Piece
Israeli Foreign Agent Sharon Tzur, Media Watch International,PM Ehud
Olmert,Rudy Giuliani,Morris Talansky Bribery,Fraud
CNN,Wolf Blitzer Cover Up Helped Ehud Olmert To Israeli PM Office
9/11:While Boston Slept,Logan Airport,ICTS International,Israeli PM
Ehud Olmert's Money Launderer Menachem Atzmon Looked On......
9/11:Bush,Kuwaiti,Israeli Involvement Documented In Securities
Exchange Commission Filings
W Bush,Chabad-Lubavitch,Rubashkin's Agriprocessors: Kosher Guns,Drugs,
Ilegal Rabbis,Guatemala Wage Slaves
WeCu,9/11:U.S.Homeland Security Secretary Michael Chertoff Promotes
Israeli 'Security' Fraud
Israel PM Ehud Olmert,Menachem Atzmon,ICTS International,Morris
Talansky Global Technologies, U.S.Stock Money Launderers, WTC,
UK Robert Wishart London Money Laundering,SEC's,Georgetown
University's, John Polise,U.S.Penny Stock Fraud
SEC Inspector General H. David Kotz:Peace Corp'S Dayton Daily News
Critic,,Friend To Fraud
California Attorney Francis Pizzulli,Robert F Kennedy
Assassination,Afghhan Torture and Penny Stock Fraud,Money Laundering
University of California Berkeley Grads James Angel,Joshua Ridless
Join SEC Chris Cox's 'Fraud Speech Movement'
Israeli Prime Minister Ehud Olmert's Air Water Corp stock fraud
www.columbus.indymedia.org/node/13382 Israeli Prime Minister
Ehud Olmert,'Orthodox Jews',Stock Fraud,Gay Prostitutes and Death
Community Bank Northern Virginia's David P. Summers Also Texas
Endovasc Penny Stock Fraudster
Titan Corp's Makram Chams Suspends U.S. Constitution
Wikipedia:Gary Weiss 'Edits' James Dale Davidson's and His Own
Mitt Romney,CIA James Woolsey:Fox News' Islamofascist Ijaz Mansoor's
Advice Killed WSJ Reporter Daniel Pearl
Northern Rock, GB:Republican 'Libertarian' Ron Paul Lies About 'Naked
EU,Mexico,CIA,Guantanamo Rendition Plane, Cocaine, Homeland 'Security'
Ambassador Marc Ginsberg,Fox News,Xybernaut Israeli U.S. Penny Stock Fraud
Scheming:Rudy Giuliani,Paul Singer, Vulture Funds Africa,Adnan
9/11,WTC,Tanya Head,Rudy Giuliani,Adnan Khashoggi,Bernie Kerik, Naked
9/11:CIA,Daily Kos,Jerome Arnstrong,Markos Moulitsas Zúniga,ICTS
Israel, Securacom Kuwait,ragingbull Fraud
Utah Governor Jon Huntsman Jr.,Securities Fraud,Stormy Simon
Striptease and Bloody Murder
Samaritan Pharmaceuticals,a Georgetown University Penny Stock Fraud
Pluristem Placentas,James Dale Davidson,Leumi Bank Israel Holocaust
Victims,U.S.Penny Stock Fraud
WTC,9/11,Logan Airport, Boston:Israeli ICTS 'Security':
Barney Frank,Ted Kennedy, John F. Kerry Face Psych Crisis
Reuters on Security Exchange Commission Chairman Christopher Cox's
Boston Logan Airport,9/11,WTC,Barney Frank,SEC,Israeli Penny Stock
Scam and Bloody Murder
Max Keiser ,Al Jazeera,Qatar promote Naked U.S. Penny Stock Fraud
Christopher'WMDS'Cox:Georgetown University James Angel Pimps Pink
Sheet Penny Stock
Ex U.S. Treasury Secretary John Snow,Michael Moore, Cerberus,Bawag
Austria and Cuba
Charles Schwab,Mantas 'AML':Did The CIA's SRA International Eat George
W Bush's E-mail ?
U.S. Ambassador Sam Fox:From Swift Boat War Fraud to Brussels,Belgium
SWIFT Finance Fraud
Israeli pResident Moshe Katsav's Penny Stock Partner Michael Zwebner
loses in U.S. Court
Cryptometrics:New Zealand Passport Office Used By U.S. Penny Stock Criminals ?
David Grin,Tel Aviv
University,Laurus Capital Management and Union Bank of Israel
FOIA,Alberto Gonzales and SEC'S Chris Cox Enron,Merrill Lynch,Latham &
Tim Mahoney,vFinance,Venus Methodist Church,Florida,Sayed MusMustafa and
Charles Schwab:vFinance's Charles Patrick Garcia receives Henry B.
Gonzalez award !?
Democrats William Jefferson,Tim Mahoney, iGate,vFinance,DOBI, Endovasc
penny stock frauds
James Dale Davidson,Charles Schwab,Tim Mahoney,VFIN, LOM and penny
stock share money laundering
Ireland Indymedia bans criticism of Lord Rees Mogg,James Dale Davidson
Post to Lord Rees-Mogg's Weblog re NASDAQ,London Stock Exchange
Virginia:Marvin Bush,Securacom,9/11,U.S. Senator George Allen,Bawag
U.S. Republican George Allen More Corrupt Than Utah Senators Bob
Bennett,Orrin Hatch ?
Asa Hutchinson,Charlie Crist,Jeb Bush,Republican stock fraud and drug
Why did Osama bin Laden choose Jeb Bush's Huffman Aviation terrorist
flight school ?
Senator Bennett :Is Patrick Byrne's NCANS a Fraud ?
Utah Gov Jon Huntsman,Senator Bennett, Hatch call Republican Senator
Shelby 'a gangster'
Does NY Times censor 9/11 Venice,Florida connection ?
NY Rep.Peter King,CIA,Swift,NY Times,Republican stock fraud
NY WTC 'protected' by Kuwaiti company and Marvin Bush on 9/11
Asa Hutchinson,Richard Rainwater,George W Bush,Tom DeLay & 5.6 Ton
cocaine bust in Mexico
SEC,Schwab,Chris Cox,Hillary Clinton & Barbara Boxer Aid CIA'S
In-Q-Tel penny stock fraud
Senator Bennett :Is Patrick Byrne's NCANS a Fraud ?
Cocaina,Ciudad Del Carmen,Campeche, Abril 10,CIA,Republicanos Y PAN
Did Israel President Moshe Katsav aid Muslim Terrorism or only fraud ?
Israel: Gal Lusky's 'IFA' Caught Up in Moshe Katsav,Mohamed Hadid,
Zwebner 'UCSY' scam ?
Israel President Moshe Katsav aids massive penny stock fraud
Did Israel President Moshe Katzav aid Muslim Terrorism or only fraud ?
SEC,Schwab,Chris Cox,Hillary Clinton & Barbara Boxer Aid CIA'S
In-Q-Tel penny stock fraud
Chris Cox,SEC,Makram Majid Chams,Titan Corp,9/11,Abhu Ghraib,etc.
SEC Covers Up UAE Money Laundering with U.S. Stocks
Time Magazine, Daniel Kadlec duped by Houston attorneys Wes Christian
and John O'Quinn
www.cleveland.indymedia.org/news/2005/11/17786.phpJohn Reed Stark
UAE,SEC,Georgetown University Stock fraud Academic
fraud Cyber fraud
www.maritimes.indymedia.org/news/2006/03/12190.phpDoes NSA Serve SRA
International's 'Cookies' ?
Porter Goss: CIA Cyber and stock fraud ops damaged by leaks ?
D.C.Terrorbaggers:James Dale Davidson,Don Nickles, ex-CIA Chief
Woolsey,Asa Hutchinson,Tom McMillen
Asa Hutchinson,ex Congressman Tom McMillen, Fortress America,offshore
CIA,In-Q-Tel,Amit Yoran re SRA International, Mantas Inc stock fraud
Mantas Inc,Herndon,Va,Pro-Money Laundering Arm of International
CIA and Gilman Louie are
less than honest
Charles Schwab and Share-Money Laundering
Cocaina,UE,Mexico,CIA,Avion De Rendicion,Estados Unidos Departamento
Papa Benedicto,Erroneas Concepciones En Cuanto A La Concepcion Y La
Historia De La Ciencia
Jerry Weller,Rios Montt,Bancafe Guatemala, Bawag Austria,Refco y
'Acciones de Centavos'
Cocaína,Ciudad Del Carmen, Campeche, Abril 10:¿CIA,Republicanos Y PAN?