I am sorry I have not written for a while. I am not sure what happened, but the idea well went dry for a bit. I had been writing a few pieces for Matt Taibbi’s TK News America This Week every Friday and I guess that always got the creative juices flowing. I am sure many of you know, Matt has been going full tilt on the Twitter Files which put America This Week on pause and mojo was lost. That is my excuse anyway, weak as it is.
I highly recommend the book by Harry Markopolous - "No One would listen" - he was a manager at some Boston Asset manager who knew his forensic accounting and knew the realistic limits of Buy / Right - covered call options strategies and during a marketing trip to Europe Money centre banks was able to obtain the marketing docs for Madoff used by Noel . He brought them home and used 5th grade math to PROVE the claimed results were impossible ( he could find any options DESK doing ANY options trades for Madoff - and Madoof's claimed performance numbers would make him be the entire market some months ) - period full stop. He notified the SEC in Boston - they would NOT even see him in person for a meeting .... he called NY office - every time he went down to see them they left him in lobby forever and then gave him some low level noob to hear him out. He ultimately wrote up like a 17page report ( I think in 2004 or 5 ) proving it was a simple Ponzi they still would not take any action. Here is an idea for the story well - - Just read that yesterday none other than Sam Bankman Fried appears on the FTX creditors Zoom call . He is trying to claim he legitimately 'borrowed ' the money from Alameda to purchase the Robin Hood Shares he bought and he is the rightful owner. Truth is stranger than fiction .....
Glad you’re back, Eric.
glad you're back! thank you!
Is there a Monkey Signal that can be projected above Gotham City? Banks are collapsing and only Monkey Business can explain what’s happening!
I highly recommend the book by Harry Markopolous - "No One would listen" - he was a manager at some Boston Asset manager who knew his forensic accounting and knew the realistic limits of Buy / Right - covered call options strategies and during a marketing trip to Europe Money centre banks was able to obtain the marketing docs for Madoff used by Noel . He brought them home and used 5th grade math to PROVE the claimed results were impossible ( he could find any options DESK doing ANY options trades for Madoff - and Madoof's claimed performance numbers would make him be the entire market some months ) - period full stop. He notified the SEC in Boston - they would NOT even see him in person for a meeting .... he called NY office - every time he went down to see them they left him in lobby forever and then gave him some low level noob to hear him out. He ultimately wrote up like a 17page report ( I think in 2004 or 5 ) proving it was a simple Ponzi they still would not take any action. Here is an idea for the story well - - Just read that yesterday none other than Sam Bankman Fried appears on the FTX creditors Zoom call . He is trying to claim he legitimately 'borrowed ' the money from Alameda to purchase the Robin Hood Shares he bought and he is the rightful owner. Truth is stranger than fiction .....