They used taxpayer money to pay to put lipstick on a pig.
The deep-south farm story goes: “…So you have an old sick pig, it’s about to die, but you are a crook so you get some lipstick and put it on the pig so you can sell it to a guy in the dark on the way home from the bar”.
Fisker, Tesla, Solyndra, and A123 did that.
They had companies with bad staff and bad products. They were sick and already dying. Their own executives are on record saying they were about to go bankrupt. The federal investigators are now saying that forensic study of their true historical data shows they were failed companies.
Experts had already analyzed their technology as failed, likely to combust and/or too costly, but that news never got figured in, or it was and DOE didn’t care because it was about new campaign funds and not new technology.
So the companies made a deal with DOE staff to give them the money for a little while so they could hang it, like a curtain, in front of the sickness so the public, the media and the stock market wouldn’t know how bad things were. In exchange, the
companies paid for political campaigns, partially with that very money.
They kept the companies (pigs) alive as long as possible while they pocketed the synthetically produced stock market profits caused by using the kickback money to artificially inflate the appearance of the companies in the stock market using the money they got from making these criminal crony deals.
The solar gadgets and the electric whiz-mobiles and the wind towers are irrelevant. Technology had nothing to do with it except to be the buzzwords of the moment that the sleazeballs could mesmerize the stock market with. It was all about the
real-estate deals around the buildings and the stock fees and profit slides that they got to grab off the top on the backs of the public taxpayer.
In creating pumped and trumped stock values using paid bloggers Tesla will now run afoul of Judge William Alsup’s “Show-Your-Shills” order. This history-making tactic, once used against Google, will certainly come into play against Tesla in one, or more of the many pending stock fraud lawsuits now filed against Tesla.
New precedents also can make public company stock shills liable for damages to the investors. So, if blogger Kevin Bullis was shown to have been compensated by Tesla for writing enhanced stock reviews, the shareholders of Tesla could come after him as an individual, for their losses.
Why isn’t anybody prosecuting these obvious misdeeds? Because they are being told “NOT TO”, by certain parties, in order to avoid political fireworks! But you can be sure the pyrotechnics are coming. Nobody in DC misses an opportunity like this these days.
Naive observers might think, in some cases, “oh look, the senior staff are still around, they didn’t “pump and dump”. This is a false assumption in every single case. Goldman Sachs, Deloitte, The VC’s, the middle-men and the high-tickets already grabbed their money (your money) and ran. Many of the rest are making
monthly lease profits on the buildings you bought for them. Some of those buildings are owned by the families of the very Congress people that lobbied for the deals in the first place.
GH- LAT, GHJ- BostonG, HJk
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See also: Stock Pumping, Pump and dump; synthetically inflating stock value; artificially inflating stock valuation
Pump and dump – Wikipedia, the free encyclopedia
“Pump and dump” (P&D) is a form of microcap stock fraud that involves artificially inflating the price of an owned stock through false and misleading positive statements, in order to sell the cheaply purchased stock at a higher price.
en.wikipedia.org/wiki/Pump_and_dump
Stock Pumping
Be sure to check
http://stocklemon.com for their reports on many of the
stocks reported on in the following list. American Power
Stocks:
Stock Pumping American Power
Stocksedumacation.com/StockPumping
“Pump-and-Dumps” and Market Manipulations
“Pump-and-Dumps” and Market Manipulations “Pump-and-dump” schemes involve the touting of a company’s stock (typically small, so-called “microcap” companies) through false and misleading statements to the marketplace.
sec.gov/answers/pumpdump.htm
Pump And Dump Definition | Investopedia
A scheme that attempts to boost the price of a stock through recommendations based on false, misleading or greatly exaggerated statements. The perpetrators of this scheme, who already have an established position in the company’s stock, sell their positions after the hype has led to a …
investopedia.com/terms/p/pumpanddump.asp
Pumping Stock, Spam and the Criminal Underworld
If you ever feel the urge to trade on a spam stock tip, I offer this unsolved whodunnit as a cautionary tale. If you’ve been getting an extra dumpster of spam in your inbox lately, it’s probably because of a little known company called Cana Petroleum.
loosewireblog.com/2006/11/pumping_stock_s.html
Why is pump and dump illegal? – Yahoo Answers
Best Answer: Pump and dumps are illegal because you are willfully attempting to manipulate the value of a security. And if you are doing this with other people as well, it’s even worse because that implies it is more of a concentrated effort to do that. An example is if you and a few …
answers.yahoo.com/question/index?qid=20080514182551AAX7hLK
pump’n’dump – U.S. Securities and Exchange Commission | Homepage
“Pump-and-Dumps” and Market Manipulations “Pump-and-dump” schemes involve the touting of a company’s stock (typically small, so-called “microcap” companies) through false and misleading statements to the marketplace.
sec.gov/answers/pumpdump.htm
Pump And Dump – Fraud Laws– Click Fraud, Statute of Frauds …
A “pump and dump” scheme can be considered a form of online securities fraud The US Securities Exchange Commission (SEC) recommends several ways for the public to steer clear of pump and dump schemes.
fraud.laws.com/securities-fraud/pump-and-dump
Pump and Dump Law & Legal Definition – USLegal
Pump and dump is a fraudulent practice where the prices of stock are artificially inflated. In pump and dump the price of the owned stock is inflated through false and misleading positive statements.
SEC Files Two Pump-and-Dump Fraud Cases in Florida – The BLT …
SEC Files Two Pump-and-Dump Fraud Cases in Florida. … company headquartered in Miami and operating in Ecuador, with violating the anti-fraud provisions of the securities laws. …
legaltimes.typepad.com/blt/2010/09/sec-files-two-pump-and-dump…
The Rise of a Stock-Market Blogger – Barrons.com
Kristine Andersen has become one of the most followed stock-market analysts on the Web. She uses a combination of sharp math skills, frequent blog posts, and some savvy marketing to build appeal. Mentions: Henry Blodget, SeekingAlpha.com, Dr. Kris, StockMarketCookBook.com, Chicago …
online.barrons.com/article/SB50001424052748703889404578438…
The Shill | Investor’s Watchblog
… Stock, finance and investment protection for investors. HOME; ABOUT; SERVICES; INVESTORS; CRYSTAL BALL; … You would be shocked to know how prevalent shills are in investment fraud. … The Harvard Law School Corporate Governance Blog;
investorswatchdog.com/blog/investorswatchblog/?p=9565
Real Estate industry pays ‘shills’ and ‘spruikers’ to post on …
It was recently revealed that the Aussie real estate industry actually pays spruikers and shills to post positive spin on forums and blogs (yes even forums like this one) to talk up the market, to post as if they’re just one of the 99 percent, a normal person, when in fact they are part of the …
aussiestockforums.com/forums/showthread.php?t=23968
Scarborough shills GE stock on GE-owned MSNBC | Research …
Scarborough shills GE stock on GE-owned MSNBC … t’s like GE stock. … I never invest in the stock market because I think — I’ve always thought — that it’s just — it’s a crap shoot. GE goes down to five, six, … Blog 2 hours and 2 minutes ago
mediamatters.org/research/2009/03/24/scarborough-shills-…
Bloomberg shills for tech industry | FinancialContent …
Bloomberg shills for tech industry. … Stock Market XML and JSON Data API provided by FinancialContent Services, Inc. … Online Media Financial Services Newspaper Investor Relations Financial Blog Corporate Intranets Digital Signage Television Android Developers iOS Developers Wire …
markets.financialcontent.com/stocks/news/read/23490213/Bloomberg_shi…
The deep-south farm story goes: “…So you have an old sick pig, it’s about to die, but you are a crook so you get some lipstick and put it on the pig so you can sell it to a guy in the dark on the way home from the bar”.
