JP Morgan’s lawyers are once again using intimidation tactics to scare whistleblowers in the Bear Stearns mortgage fraud machine lawsuits. Lawyers at Greenberg Traurig LP filed a public letter two days ago with Judge Crotty/Judge Ramos in New York State Supreme Court outing the name of a confidential whistleblower Ambac, Syncora & Assured Guarantee has […]
Continue15 Jan
SEC adds Metter’s Greenwich Radio Station as Defendant in Spongetech Fraud Suit
The SEC is playing tough with alleged penny stock scammer Michael Metter and his Business TalkRadio Network. The Securities and Exchange Commission filed court documents Thursday adding the radio business, which includes Greenwich station WGCH, as a relief defendant in the fraud case against Meter and his pump and dump stock Spongetech. The federal regulator […]
Continue14 Jan
Now Main Street Knows how Bear’s Jeff Verschleiser made Millions off Cheating Others
One of the central bad actors in my reporting on the alleged fraud machine Bear Stearns mortgage department was running made headlines this weekend for spending an absurd amount of greenbacks to promote his daughter’s coming of age. Jeff Verschleiser, age 43, and his wife Amy, age 41, went and bought out a popular Aspen […]
Continue22 Dec
SEC Gets Spongetech fraudster to pay $1.3 million
The SEC scored its first victory in their case against the penny stock scam at Spongetech. Last spring Greenwich radio station owner (WGCH) Michael Metter and his pal from Queens, Steven Moskowitz, were arrested at their homes by the FBI for interfering in a SEC investigation and slew of investor fraud claims. The SEC sued […]
Continue12 Dec
Why the SEC thinks Falcone was involved with Market Manipulation
The SEC has a bulls eye on Phil Falcone’s Harbinger Capital. On Friday the famed billionaire hedgie was forced to write investors explaining his publically traded Harbinger Group Inc is subject to a Wells Notice. This means the Securities and Exchange Commission, its regulator, has launched an official investigation into how the firm might have […]
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