Smashmouth Investigative Journalism
N.I.R. Group hedge fund founder, Corey Ribotsky, filed for personal bankruptcy leaving a whopping $36 million of debt unpaid a year after he settled with the SEC for investor fraud. Today I am reporting for Growth Capitalist that court records allude to the notion that the government knew Ribotsky wouldn’t be able to pay his […]
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A former top dog portfolio manager at hedge fund Plainfield Asset Management, Marc Sole, is using the funds of his new hedge fund to try and buy out remaining investors in the now defunct Plainfield for a discount. According to offer documents seen by this reporter Sole, who now works for $4 billion Hudson Bay […]
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UPDATE March 6th 2015: AJ Discala’s trading partner at OmniView Capital has thrown in the towel. Marc E. Wexler who was charged on multiple counts of securities fraud plead guilty to two felony charges on October 15th and agreed to pay a forfeiture bond of $1.4 million. Wexler who lives in Colts Neck New Jersey […]
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Peyton Reed Patterson, now former CEO of Bankwell, apparently doesn’t like to pay taxes. On Thursday the regional bank announced Ms. Patterson was quitting as CEO for personal reasons. This is two months after Matt Pilon of the Hartford Business Journal exposed the multi-millionaire banker for being a deadbeat with her creditors. In fact these […]
ContinueUPDATE 7-3-14: I am reporting at Growth Capitalist hedgie Josh Silverman pulled their support of a New Jersey gaming permit for MGT in what appears to be a retaliation move against MGT CEO Robert Ladd for speaking to the press. Original Text There is a dirty battle going on between activist hedgies Josh Silverman / […]
ContinueA biotech stock that recently raised $20 million in registered direct offerings came under pressure this month by a short sellers research report published at Seeking Alpha. Connecticut-based NanoVircidies has been the subject of multiple stories I reported for Growth Capitalist over the last six months detailing alleged miss-use of company assets and inaccurate statements […]
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The world’s most infamous trader wants to get out of East Hampton, NY. Yesterday I reported for the New York Observer that Stevie Cohen, of SAC Capital, is trying to broker a private deal to sell a $60 million ocean front home he bought less than a year ago. His reasoning, according to a person […]
ContinueA Biotech company whose stock is soaring this year has caught the eye of short sellers after recent SEC filings showed possible self-dealings with company assets by its founders. I reported for Growth Capitalist last week, NanoViricides ($NNVC), was sued by a group of early angel investors in a shareholder derivative suit, filed in Colorado […]
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