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 Naked Short Selling Trial On December 6th, 2010 at 1:30pm in a United States District Court for the Central District of California – Southern District, the honorable Judge James V. Selna in his courtroom located at 411 West Fourth Street, Santa Ana, California will make a Ruling on largest lawsuit in the history of the world. The case has it all, in regards to Counterfeiting Stocks on Wall Street, Money Laundering, a Government Sting, Terrorism, Bankers paying for immunity and so much more. The only thing missing is the News Media. Where are they to cover this case? The Judge’s Ruling is 7 days away. Why has the news media been silent? The Lawsuit involves a company called CMKM Diamonds ( 7 Plaintiffs and its shareholders ) and the Federal Defendants are the SEC present commissioner Mary Shapiro and previous commissioners such as Christopher Cox and others. The Case is for $3.87 Trillion dollars in damages to the Shareholders of CMKM Diamonds.
CMKM Diamond investors ( close to 50,000 shareholders ) have banned together and have done the hard investigative work that TV news has chosen to ignore. The CMKM Shareholders have made movies, web sites, written articles and have sent this information all over the internet to try and force the News Media to cover this case. The Counterfeiting of Stocks on Wall Street should be all over the news as we await Judge James V. Selna’s decision on wether to move forward with a Trial.
I am a shareholder of CMKM Diamonds. I write this article in hopes to getting the information out onto the internet to make people from all over the World aware of this December 6th, 2010 Court Ruling. This case has it all, except media coverage. Why is that? Please go to http://www.CMKXsting.com to see the research the CMKM shareholders have provided. It is all at your fingertips to see. We have done the work for the news media, now if they can only investigate these serious allegation by the plaintiffs Lawyer, California Attorney A. Clifton Hodges.
The CMKM Shareholders are seeking the Truth and need the TV news media to get involved and cover this case. The Truth needs to be told to the World. If all is True, this will go down as the Biggest Theft in the History of the World. The Counterfeiting of Shares on Wall Street – Naked Short Selling by these Bankers and many other criminals in the financial industry.
Richard Keane
www.SiriusNews.com
Dear Friends,
A funny thing happened to me yesterday. I attended a political meeting in St Petersburg at which President Bill Clinton was the key note speaker. After the meeting I bumped into a friend from Germany who introduced me to a man who is one of a group of investors that is suing the Federal Government. What emerged over the course of the next two hours is the stuff of spy novels. This is the most incredible account by Richard Keane as told to me.
His group ( CMKX Shareholders ) are suing the SEC (Security and Exchange Commission) and the Federal Government for about 3.87 TRILLION Dollars in losses. Here is my brief understanding of the scam in simple terms:
In 2000 – 2006 Wall street banks, the very ones that we bailed out in 2009 with public funds, Goldman Sachs, J P Morgan, Lehman Bros (not bailed out), and pretty much all of the major Wall Street Banks engaged in selling “Naked Shares” in a huge Ponzi scheme. These are shares that you do not own, and you sell hoping to buy them and make a profit when it is time to deliver. In this case the shares were counterfeit and they were never delivered to the purchasers. It is traded electronically. The Wall Street brokers flooded the market with fake shares. The value of the companies real shares declined as billions of dollars of fake shares sold on the market drove the companies value down. In all about 200 companies were affected. When the companies value hit rock bottom, and many went bust, lawyers for the banks foreclosed on the assets of the companies and took them over.
The man that I met is a shareholder in a Canadian Diamond, oil and uranium company CMKX, that owns a million acres of mineral rich land, was almost bankrupted, save for the actions of the government that conducted a sting operation. It transpired that the banks were in collusion with organized crime to launder the money off shore. Effectively Wall Street and organized crime families have merged.
In the event the CEO’s of the top Wall Street Banks as well as Bankers from across the western world were caught in a massive Government sting operation in 2006. They were allowed to walk away scott free and were never convicted. They agreed to pay a massive fine. Many of these owners of the Wall Street Banks are also directors on the board of the Federal Reserve. The funds of which have never been returned to the bilked investors. Hence the largest lawsuit in the world history.
The story has never been exposed by the US or European Media conglomerates ( Rupert Murdoch – Fox / Time Warner / Gannet Publishing / Robert Maxwell etc). Only Russian TV – RTTV has reported on it.
This year Obama administration passed a Finance reform law that bans this type of trading. All stock trades will be tracked and coded and have to be delivered so as to prevent counterfeiting. Angela Merkel of Germany has passed a similar law and the EU countries appear set to follow. This is the largest Fraud in the world and it has not been reported in the USA. Here is a link provided to me by the gentleman that I met yesterday on Russian TV English news broadcast about the scam. There are two videos. I will send you further news shortly.
www.CMKXsting.com
Please see the links on the left sidebar of the web page. There are copies of the filed lawsuits and corroborating information for those of you who want verification or seek more information to the scam. Perhaps someone in the media has a voice.
Here are videos from Richard Keane
http://gallery.me.com/angelheartvideos#gallery
http://ireport.cnn.com/docs/DOC-503430#
http://www.siriusnews.com/
Written by Jeff Solomon Sept 20th, 2010
 The CMKX Story
I am writing you today as a citizen of the United States and ask you to investigate fraud and property theft in regards to my purchase and ownership of stock in a company named CMKM Diamonds, Inc., (CMKX). For over 7 years, I have been misled and lied to by every government and financial agency that I have asked for help and information.
The information presented to me is about 5-6 years ago, our company and stock was used as a vehicle by U.S. government agencies, including the CIA, FBI, SEC, DOJ and the Department of Homeland Security, under the auspices of Mr. Robert Maheu, to conduct an operation in the stock market to entrap those entities which were using our equities trading system for illegal purposes, including gathering funds for terrorism.
In exchange for using our company this way, unbeknownst to any shareholder, Mr. Maheu reached an agreement with these same government agencies that monies and damages that he collected from these criminals were to be distributed to CMKX Diamonds, Inc. shareholders. Mr. Maheu agreed to allow the SEC to maintain control of these funds, which were to be released in 2006. As of this letter, 4 years later, we shareholders sit with nothing. I am writing you today to ask you to launch an investigation as to why our funds are still being held..Our funds have supposedlynow been tied into a fund called the World Global Settlements, which is being controlled by the U.S Government.
Attorney A. Clifton Hodges of Pasadena, CA, 626-564-9797, has filed the largest lawsuit ever in U.S.federal court, a 3.87 trillion dollar Bivens action regarding this matter. He has stated clearly in this court that the shareholder funds are being held at the Depository Trust and Clearing Corporation (DTCC).
I would like you to investigate the following: 1) fraud-based upon the fact that my investment was used by the government, without my knowledge, to conduct this operation and I was damaged by that action. 2) The theft of personal property-the monies and funds that were collected on my behalf as a shareholder have not been distributed to me and are being illegally held by the U.S. government and other entities.
The right to have these answers is governed by the consumer laws of this state. I look forward to you contacting me and helping me reach a conclusion in this matter.
Sincerely,
Richard – SiriusNews
AKA – the REF
 CMKM Diamonds, Inc 
So who is able to afford or is even given the chance to pay for their criminal activities. When the average citizen is caught doing anything illegal, they are treated guilty until they can prove their innocence. NO more innocent until proven guilty in the legal system of today. Things change if you are a high profile or big money citizen. They have the chance to subvert the legal system. Lets look at some cases from the past few years. We start with Martha Stewart, charged with obstructing justice, conspiracy and making false statements during an insider trading investigation into her sale of $228,000 worth of ImClone Systems (IMCL: Research, Estimates ) stock in December 2001. She is convicted and spends five months in jail and is fined $30,000. Now let’s move to Bernie Madoff with his $65 Billion ponzi scheme. Running a hedge fund for years and had many big name investors losing millions in this fraud. But as reported in Forbes, until Madoff came along, the Equity Funding scandal may have been the largest fraud in dollar terms in U.S. history. A publicly held company whose shares traded on the New York Stock Exchange, the top executives falsified 64,000 insurance policies that were used to report revenues of $2 billion. The company also sold $25 million in counterfeit bonds and had missing assets of $100 million. Three auditors and high ranking executives served prison terms. Expect Madoff to be one of the first jailed investors of the 2008 market meltdown. Hopefully, there will be others. Madoff was sentenced to 150 years in federal prison and $170 billion in restitution. Let’s continue with Goldman Sachs, who has agreed to a settlement with the Securities and Exchange Commission in the case accusing the company of misleading investors in mortgage-backed securities. On July 15th, 2010 Goldman Sachs was fined $550 million, of which $300 million will be paid to the U.S. Treasury, while $250 million will go to investors who lost money. Now who in Goldman Sachs is serving prison terms? Did they pay for immunity? Corporate paperwork shows that Goldman Sachs was making $100 million per day, 35 of the 63 days of the first quarter of 2010. So doing the math, they were able to pay off that settlement from 5.5 days of work. Moving on to a case that the media won’t even talk about. Every broker and investment banker around the world sat in a room in Las Vegas, at a meeting setup by the famous Robert Mahue, and agreed to pay a set amount per trade of CMKM Diamonds, Inc. stock. They saw the evidence gathered of the trillions of counterfeit shares they sold through Naked Short Selling. Everyone stepped up and made the deposits into a trust setup by Mahue and controlled by the SEC, for disbursing to the shareholder. In 2005, this meeting took place giving these people the chance to pay restitution for immunity from charges resulting from the evidence gathered. The SEC was then given the responsibility to clean up this mess and enforce the laws or put laws in place to stop this from ever happening to another company stock. To date that trust still sits waiting to be disbursed, the SEC either must now explain why they have not handed out this trust or why they have not stopped this practice from continuing on today. Many companies in the market are still being Naked shorted and the public does not even know whether they own real or counterfeited shares in their portfolio. There is a suit filed in Federal court against the commissioners of the SEC asking for $3.87 Trillion in damages based on this evidence. Where is the DOJ? Where is the Press?? Where is the American Citizens Rights???
Who is running the press?
SiriusNews Under the US Constitution First Amendment Free Press allows for any reporter to report a story under allegations or proof truths without bias and allow the people to decide their own opinion. It is not the purpose or responsibility of the press to give opinion of a story, just to report it. It is the purpose and need of the press as a forth branch of the US government to report all stories without BIAS, and the Constitution not only allows the press to report freely but it also allows the American People the right to all stories, UNBIAS to be reported. So who controls what is being reported through the media and WHY is this info being controlled?? National Security or National Conspiracy?? Well here is the news and questions that they won’t ask or answer. Now it is up to the American People to ask these questions and demand the answers that “WE THE PEOPLE” of this country expect from our reporting industry. How can these allegations not be reported by major TV news media? The allegations by Attorney A. Clifton Hodges are so serious in nature in regards to the United States and it is now in California Federal Court. Shareholders have made videos and one video is on CNN Ireports as the most shared video of All Time, yet TV news still ignores this big story. the American people and the World need to know the real truth and it is up to TV media to finally do their job and report on this story on every major TV network and newspaper.
in Moscow, Russia with the other Paulson June 2008
THE FACTS
1. Hank Paulson, the Secretary of the Treasury under President Bush secretly meet with Goldman Sachs board of Directors in Moscow, Russia in June of 2008. Just 3 months before the Wall Street Bail Out and the take out of Goldman Sachs competition Lehman Brothers and Bears and Stearns.
2. July 2007 Up Tick Rule abolished by SEC’s Christopher Cox.
3. July 2007 Russian and American dual citizen Sergey Aleynikov hired by Goldman Sachs as a computer programmer to use secret codes and software.
4. July 2007 and still ongoing, Wall Street corruption gone wild with super fast computers, Naked Short Selling and secret software is used to manipulate Stock prices in decimal places to steal 20% -60% of the wealth off companies and investors.
5. Hank Paulson meets in Moscow June 2008 with Goldman Sachs, months later the financial crisis hits in Sept 2008. Goldman Sachs over the week-end becomes a Bank Holding Company and Hank Paulson speaks to Loyd Blankfein over 2 dozen times during that week.
6. The bailout happens and Goldman Sachs makes out like a bandit. Meanwhile, CNBC is playing Public Relations every day on how great Goldman Sachs is.
7. May 2009. Goldman Sachs pays $60 million dollars to end an investigation by the Massachusetts Attorney General’s office into Goldman Sachs helping to promote 714 unfair loans to Massachusetts residents.
8. FY 2008 Goldman Sachs makes over $100 million dollars a trading day 90 times.
9. FY 2009 Goldman Sachs makes over $100 million dollars a trading day 131 times.
10. FY 2010 1st QT reported April 20th 2010 Goldman Makes $3.4 Billion dollars
11. July 3rd, 2009 The FBI arrested the Goldman Sachs computer programmer Sergey Aleynikov on an Airplane in New Jersey for trying to steal Goldman Sachs secret codes they are using to steal investors money to a tune of $100 million a day. The News media and CNBC has been silent on this arrest. The silent conspiracy by the media.
12. April 16th, 2010. The SEC brings civil Fraud Charges against Goldman Sachs. more to come as the Russian connection and the Goldman Sachs Scandals continue to unfold. As for the news media collusion, CNBC still playing Public Relations in defense of Goldman Sachs, especially Jim Cramer. Will the News media finally be forced to tell the American people the truth about Goldman Sachs biggest scandal in the History of the United States. Germany and the U.K are now investigating Goldman Sachs and the real truth will finally be told. “ see the connections here “
Richard Keane April 21st, 2010
Sirius XM Radio investors calling out the Business News Media
My name is Richard Keane and I’m the narrator for the Sirius Xm Radio movie called
Stock Shock “ The Short Selling of the American Dream “ released June 10th, 2009
This 72 minute documentary is about how the SEC made “ Greed Legal on Wall Street “ when the then head of the SEC, Christopher Cox was lobbied and paid off to eliminate the Up Tick rule in July of 2007, that made Greed Legal. Today it was reported that on Wednesday February 24th, 2010 the SEC will make a vote to bring back the uptick rule or parts of it. I will not get into specifics about all that, you can find it all on my web site at www.SiriusNews.com search my blog, twitter and the movie web site Stock Shock on the page and get educated to the real and honest truth about what has taken place and how the Business News TV media and newspapers have turned a blind eye to it all.
Yes, the likes of CNBC, Bloomberg News and Fox Business News which are all on TV and investors watch to try and get the business news from these 3 major TV shows. I’m calling all three of these shows out on the carpet today, yes today February 19th, 2010. They want to report false and mis-leading stories along with fear mongering in regards to Sirius XM Radio inc. symbol ( siri ) you know the symbol, it’s been all over CNBC’s ticker for weeks and one of the most active stocks in the market. They want to tell false stories, yet the biggest success story since the recession of 2008- they refuse to tell that story.
The Story is about how Sirius XM Radio investors like me stood up to CNBC and the rest of the TV business world along with taking on Rupert Murdoch and all his newspapers. How on earth can the WSJ, NY Times, NY Post, Barron’s, financial times, Bloomberg, Fox news, CNBC and the rest of the Business news not tell the Sirius XM Radio success story and the movie that was made by Director Sandra Mohr, who will get recognition on March 28th, 2010 at the woman’s international film festival on Sunset BLVD for her movie called Stock Shock. Her movie web site is www.StockShockmovie.com
So here we have the SEC meeting next week ( 2/24/10 ) about the LAW’s that they could vote to change back in regards to the Up Tick Rule and the movie Stock Shock is about the uptick rule and how they made Greed Legal on Wall Street when the SEC removed the LAW in July 2007. Her documentary is told through the eyes and views of Sirius XM Radio investors. What better stock to do the movie about the uptick rule on, then Sirius XM Radio, since it was the most Naked Shorted Stock on Wall Street the past few years until Wall Street learned of the movie being filmed? Yes, Wall Street knew of the movie, it was announced in February 2009 that it was going to be filmed. That was the same time that the news media went on TV and told the world that Sirius XM Radio was going bankrupt. The Sirius XM Radio investors knew it was a lie and banded together. Thank God for the movie director to come up with the idea to make a movie about this scandal and to get the real truth out about the company and the news media collusion. The movie was completed June 10th, 2009 and since the start of making the film the stock price has climbed from .06 cents to over $1.08 as of today. The news media is still using their fear mongering tactics with all their power and control of the newspapers and TV to spread still false rumors. Why have they not told the real truth and covered the Sirius XM Radio movie, which explains clearly all about the news media involvement of CNBC not reporting the facts, not to mention explaining the uptick rule. How can a Business newspaper or TV show not report this story?
I write this letter to call you out and put it on the record today. Tell the truth, cover the story. I know CNBC will not cover the story because in the movie it shows many CNBC news clips of their mis-leading stories, not to mention it shows Jim Cramer explaining how he lies to CNBC. This is why there is no coverage by CNBC or any of the news media.
I guess we still have to take the fight to the internet bloggers, twitter and other social media outlets to get this story told, but when Oliver Stone’s new movie comes out on April 23rd, 2010 it will shed some light into the saying “ GREED IS LEGAL “ yes, the uptick rule elimination caused all this greed and the News Media outlets must be getting paid off by Goldman Sachs since CNBC talks about Goldman Sachs all day long like they are God, no wonder the CEO made the comment “We do God’s work.”
So the questions to CNBC and the rest of the Business News Media is this. What are you going to do? The longer you ignore the Sirius XM Radio movie the more you will be embarrassed as the real truth unfolds in Hollywood and with the bloggers. Do your investigative research and tell the truth to the Sirius XM Radio investors and the World. Stock Shock the movie, check it out and report on it.
This success story of the recession of 2008 is going to be told by Hollywood. The question is will the Business news media tell the story. It’s a great business story and CNBC and the rest of the Businesss news media has chosen to cover it up. WHY?
Richard Keane
www.SiriusNews.com
Feb 19th, 2010
 Apple + Sirius XM Radio = Skydock Apple getting serious – Sirius XM Radio Skydock
Doing research on Apple, Inc. was really interesting, as I learned so much about the changes that took place since the birth of the company on April 1st, 1976 in Steve Jobs family garage in Cupertino, California. Steve Wozniak hand built the Apple 1 computer with his engineering skills and Steve Jobs used his knowledge and charisma to market the computer along with helping Ronald Wayne design the first company logo. This first logo was Isaac Newton under an Apple tree designed mostly by Ronald Wayne. How would you like to be Ronald Wayne? He was the third partner who sold out his 1/3 share of the company for $800. He and his Family must be still in shock over what they lost. Ouch! The Apple logo changed in late 1976 to a Rainbow bitten Apple and remained until it changes for the last time 1998. The 3rd design was a monochrome theme logo that is still maintained today as Apple is a proven leader in innovation and technology and the branding of the Apple company name in 2009.
Apple was incorporated January 3rd, 1977 without Wayne. Jobs brought in multi-millionaire Mike Markkula to help fund the incorporation of Apple. Apple ignited the personal computer revolution in the late 1970’s with the Apple II and reinvented the personal computer in the 1980s with the Macintosh. Listed below is a sequence of events so that you can get a good view of the never ending changes and innovations that have taken place with Apple, Inc. in the early years leading up to where they have come today in 2009. In its 33 years of history they had good and bad leadership, but rest assured they are in good hands again since the day Steve Jobs came back to the company just over 12 years ago. The company is on the cutting edge of technology and is leading the way to future technology and expanding its business to just about the entire world. Steve Jobs had the vision years ago to take the computers to Europe and now the Apple Iphone and the Ipod touch is changing the world once again with his ideas and visions. The Ipods, Itunes, Iphones and the Apps store and the Sirius XM Skydock is pure Genius. Apple is helping to connect the world. Key dates listed below.
1976: Steve Jobs, Steve Wozniak and Ronald Wayne founded Apple Computer.
1977: on January 3rd it becomes Apple Computers, Inc.
1980: Apple converts to public ownership.
1982: Apple becomes the first personal computer company to reach $1 billion in annual sales.
1984: The Apple Macintosh is born with the $1.5 million Super Bowl ad.
1985: John Sculley assumes the helm after a management shakeup that causes the departure of Steve Jobs and several other Apple executives.
1991: PowerBook line of notebook computers is released.
1994: Power Macintosh line is released.
1996: Acquisition of NeXT brings Steve Jobs back to Apple as a special advisor.
1997: Steve Jobs is named interim chief executive officer.
1998: The all-in-one iMac is released.
2000: Jobs, now firmly in command as CEO, oversees a leaner, more tightly focused Apple and a profitable company again.
2001: Apple introduces first retail Store and the Ipod
2003: Apple begins to sell songs in MP3 format over the internet.
2003: Apple Itunes store is introduced.
2005: Intel partnership with their chips. Steve Jobs makes the announcement.
2006: Apple begins producing Intel based Mac computers.
2007: January 9th, the company name is changed to “Apple Inc.”
2007: May of 2007 Apple sells music on Itunes store without DRM to 3rd parties
2007: June 29th, 2007 Apple Iphone 2.0 is sold in U.S
2008: Apple I-phone 3G is created on July 11th in the United States and goes worldwide. Apple launches the App Store to sell third party Applications for the Ipod Touch and the Iphone 3G.
2009: January 14th, 2009 Steve Jobs announces a 6 month leave of absence to attend to personal health issues. Phil Schiller will take his place.
2009: June 19th the Iphone 3GS come out.
2009: Steve Jobs returns back to work. Apple protected his medical privacy.
2009: Apple and the Chinese Government negotiate a deal for a few months and on Oct 30th, the iphone 3GS is allowed to be sold legally in China.
2009: November 10th, 2009 Apple works with Sirius XM Radio as Sirius XM creates the Skydock that plugs into the car and turns the Apple Iphone and Ipod Touch into a Sirius XM Satellite radio with a Sirius XM application downloaded to the Iphone and Ipod Touch. Apple is now expanding into the cars with this deal with Sirius XM Radio Inc.
2009: On November 28th, 2009 the Iphone begins to sell in South Korea. The world is going crazy for the Apple applications that can be downloaded onto these Iphones and Ipod touches. It is a phenomenon that is taking place to access the information instantly via your cars and cell-phones and is going global.
Because of Jobs’s visions, people skills and leadership, Apple left the 1990s as a pared-down version of its former self, but, importantly, a profitable company once again. By the decade’s end, ‘interim’ was dropped from Jobs’s corporate title, signaling Jobs’s return on a permanent basis and fueling optimism that Apple could look forward to a decade of vibrant and consistent growth. The future was bright and the workers and their stock option plans would continue to grow each year up to its most recent price of $196.98 per share on December 14th, 2009.
Since his return, Apple has changed the music world with the inventions of the Ipod along with the Itunes store. The original creator of music from what I could remember before the Ipods, was Napster. I’m not quite sure what ever happened to Napster, but I do remember some legal issues they had. Apple stepped in and dominated the music world generating billions of dollars for the company and continues to do so today. The Itunes store has created a cash puppy as people pay up to .99 cents to download their own personal favorite songs to be stored on their Ipods and Iphones.
There is currently a news media “Revolution”. Once again it is Apple that is leading the way to let technology simplify people’s lives. The creation of the Apple I-phone 3G in July 2008 plus the merger of Sirius + XM Radio ( July 2008 ) along with the use of the Apple Iphones to download social media networks application for Twitter and facebook, has brought the world that much closer. Today, people can access information instantly via their Iphones along with getting news from their cars via Sirius XM Radio.
On November 10th, Sirius XM Radio’s Skydock will turn in all those millions of sold Ipod Touches and Iphones into Sirius XM Radio receivers. The Skydock will duplicate the process for Apple and turn the Sirius XM Skydock into an ATM machine for Apple as they will get revenue for each Itunes download that comes from the Sirius XM Skydock. Apple and Sirius both will work together to go globally, so that the world will be able to access the 100,000 Apple applications and growing. The Iphone and Itouch provides info to its customers. This partnership will change how people access Live information from sports, TV shows, business and political news. It will be the end to Rupert Murdoch and his newspapers. We are only at Iphone 3GS, next up is 4G and 5G. China here we come.
Apple is the one of a kind Revolutionary company of all time. They changed personal computers, the music world and now they are part of a “ news media Revolution “ that will change the world forever and bring the news to the people instantly 24/7 via their cutting edge technology. Apple turned the cell phone industry into a wireless walking computer. The Apple Iphone of the future will be the one gadget that does it all. The internet, GPS, camera, video, social media, cell phone, Ipod for music and you will access live news and sports instantly via the Sirius XM Skydock. This one single gadget will do everything for you.
Richard Keane, narrator Stock Shock 12/14/09
![40[1]](http://siriusnews.com/blog/wp-content/uploads/2009/12/401-150x150.jpg "40[1]") Secret Software & Naked Short Selling
We need NSS arrests – not Insider Trading arrests
It is November 5th, 2009 at high noon and the SEC is all over the news about another arrest. They are all on stage giving this big press conference on 14 arrests for Insider Trading connected to the Galleon Group investigation. Is it Insider Trading? The Government wanted the world to believe this caused the financial meltdown on Wall Street. Three weeks earlier the SEC made the first arrest for Insider Trading involving Raj Rajaratnam and 5 other people on Wall Street.
It is my opinion that the Government and the SEC is involved in a cover up to try and make people think that it was insider trading that caused the crisis of 2008. Let the truth be known. The news media, along with Goldman Sachs and many other Wall Street companies and people of power are all involved in the biggest cover up in the history of the United States. It involves greed to the fullest extend. The SEC is responsible, under the leadership of Christopher Cox in July 2007, the Securities Exchange Commission abolished the Up Tick rule. The elimination of the Up Tick rule created a wave of corruption that grew out of control, based on Naked Short Selling and the use of secret software and super fast computers.
Insider trading has played a role in the financial crisis, yet the story not being told by the news media is the arrest of a Goldman Sachs employee who tried to steal Goldman Sachs secret software. This arrest came over the July 4th Holiday week-end and was aired briefly on a Saturday night on TV and then came Monday July 6th, 2009 and the story disapeared. A few weeks later Goldman Sachs reported its FY 2009 2nd QT earnings ( April – May -June ) and Goldman Sachs made over $100 million dollars a day in 46 of the 64 trading days for that quarter. How could this be possible after a 17 month recession. Wall Street changed two major Laws. The first being the use of decimal places (2001 )instead of fraction. Years later and after they lobbied for the removal of the Up Tick rule ( 2007 ) the secret software was designed and in place ready to go into full operation now that Wall Street was allowed to naked short sell millions upon millions of shares that Goldman Sachs and other hedge funds didn’t even own and failed to deliver. Their greed took over, who wouldn’t , when Goldman Sachs was making over $100 million a day in trading. They destroyed companies like Sirius XM radio and overstock.com and many others. Then they began naked shorting the banking industry and attacking each other.
This is the truth that the news media, corporate Amercia, the SEC, the Government, Goldman Sachs, Hank Paulson and the many others that were in power have not told the American people and the world. Now, as I write this letter, they are now trying to con the world into thinking it was insider trading that caused 95% of the middle class workers to lose 20% – 60 % of their investments and 401K’s.
In the end the Entire story will be told and I hope I get my chance to tell it. Check the facts. There was an arrest of that Goldman Sachs employee in July 2009. Why was it covered up? Where are the arrests for Naked Short Selling and Goldman Sachs use of their secret software that stole the wealth off investors all across the country. It will go down as the biggest scandal in history.
I give you permission to re-print this letter. Please follow up and investigate. This story needs to be told. Please contact me. It is exactly what is taken place.
Richard Keane
www.twitter.com/stockshockmovie
www.SiriusNews.com
 - Wall Street Scandal
Stock Shock: The Short-Selling of the American Dream
Decimal Place Trading caused the recession of 2008
My name is Richard, and I am the narrator for the movie Stock Shock, directed by Sandra Mohr. The movie was made in June of 2009, just as the full-blown recession of 2008 was coming to an end. This recession was caused by the manipulation of stock prices on Wall Street through naked short-selling, flash trading, high-frequency trading, secret software, super-fast computers and what I feel was the main cause of this corruption: “Decimal Place Trading.” As I write this article today, much of this corruption is now slowly coming out through social media outlets such as Twitter and Facebook, along with bloggers on the internet, Yahoo bulletin boards, and, of course, Stock Shock. But the news media is also to blame for what has taken place in this country — including the near-collapse of Wall Street and the banking industry.
There are many things to point fingers at or place the blame on, and I can think of a few off-hand that I would like to cover — the first being Wall Street’s regulation changes. I am no expert — I am not even a writer — but decided to tell this story since the business news media was not telling it. These Wall Street regulation changes contributed to the aforementioned problems in many ways, with the first being the removal of fractions in stock pricing. On January 29, 2001, the New York Stock Exchange, or NYSE, went to four-decimal-place trading. On March 12, 2001, the National Association of Securities Dealers Automated Quotation, or NASDAQ, followed suit. This new rule had the best of intentions as we headed toward the computer and digital world, but over time it was manipulated and companies like Goldman Sachs figured out how to take advantage of the new system. I am not sure how it happened, whether it was lobbied for years or what — but along came the biggest mistake of all with the elimination of the uptick rule in July of 2007. This rule had been implemented after the great depression, and had been in place since 1938. How could the Securities and Exchange Commission, or SEC, abolish a rule that had been in place for close to 70 years, and had worked? Put these two changes together, and you get a simple equation: greed plus corruption equals recession.
Facts have also surfaced on this over the past few weeks on the internet — you can do a Google search and see for yourself. Also, reports have been released on the web that Goldman Sachs made over 100 million dollars per day in 46 out of 64 trading days in Fiscal Year 2009, second quarter (April, May and June). Let me say that again. They made over 100 million dollars per day, and are still doing it as I write this letter today. But the question remains, how did they do it? There has been no report of this by any of the news media. How can this be? This corruption is 100 times the gravity of the Bernie Madoff story, and yet there has been no coverage by CNBC or Bloomberg News. Why? Goldman Sachs, upon Wall Street transitioning to fractions and the abolishment of the uptick rule, designed secret software and used this software to gain an advantage on every potential investor. They did so by manipulating the stock price to make people pay more money by adjusting the stock price up and down in decimal places, making profits on each and every trade, while these investors had no idea what was taking place. Basically, Goldman Sachs became a Las Vegas poker dealer in New York City on Wall Street, turning profits on every trade with their super-fast computers and software. Profits in the milliseconds works out to be over $100 million per day. Now that’s a lot of trades — and it is still going on today.
Stock Shock has revealed many of these scams, yet they have only been reported by social media networks like Twitter and Yahoo, along with some great bloggers and websites, such as satwaves.com. The national media, meanwhile, has turned a blind eye. I have discussed with Stock Shock’s director that the bigger crime here — aside from the essentially stolen 20 to 60 percent of people’s retirement money and individual investments — is the action of the news media — or shall I say, their non-action.
The movie has gotten the attention of Senator Ted Kaufman and Senator Chuck Schumer, which has subsequently lead to new SEC rules for flash trading — effective September 1, 2009 –and more discussions on reinstating the uptick rule by year’s end.
Here is my take on why the news media has been silent. Stock Shock is about the technology of the future; namely Sirius XM Radio — a satellite radio service. The news media is fearful of the success of this company as future technology expands to cell phones. Basically, when Apple came out with the iPhone in July of 2008, Sirius XM Radio and XM Radio merged companies — also in July of 2008. It was the start of the “walking computers” via cell phones with increased functionality that will only improve and expand in time as they upgrade and bring the news to the people instantly. As I write this letter, it hits me. The Federal Communications Commission, or FCC, delayed the merger of Sirius and XM for 18 months — six months prior to uptick rule elimination in January of 2007. Was the abolishment of the uptick rule established at this time because of these new technologies merging, which would eventually create the new news media years down the road? With people using these cell phones — which contain a multitude of media capabilities — to videotape news as well as to link videos to YouTube and link photos, could this be the reason why all of a sudden the uptick rule was abolished? And what followed right after — the most shorted stock on Wall Street — was Sirius XM Radio. Not only was Goldman Sachs using its advantages to take investors’ money away slowly like Las Vegas poker dealers — Goldman Sachs was also paying millions to CNBC. Was it paid protection to keep quiet? The news media wanted this powerful, newly-merged company, called Sirius XM Radio, Inc., destroyed. To that end, both the news media and the corrupt individuals on Wall Street ganged up on Sirius XM Radio in an attempt to bankrupt the company through negative and, at times false, news media reporting — all while Goldman Sachs naked-shorted Sirius XM Radio’s stock in the millions of shares.
Thanks to the movie Stock Shock and Sirius XM Radio’s faithful investors, they fought back and today, the truth is slowly coming out each and every day — what the news media is still doing and how Goldman Sachs is still manipulating trades in decimal places. But Sirius XM Radio has survived the onslaught of attacks in the press and on Wall Street, not to mention CNBC’s non-reporting of the many positive stories that have unfolded with Sirius XM Radio since the release of Stock Shock.
In the end, the truth will prevail over the business news, CNBC, and Goldman Sachs. We will expose their role in the failed attempt to bankrupt Sirius XM Radio through Hollywood. There are four movies being released on this topic:
1. Stock Shock: The Short-Selling of the American Dream – Director Sandra Mohr
2. Money Never Sleeps – Director Oliver Stone
3. Capitalism: A Love Story – Director Michael Moore
4. Monopoly — Director Ridley Scott
Go figure. Wow, the times have changed. But Hollywood will tell the truth about how the recession of 2008 took place, since the business news failed to tell the American people and investors of the world about the corruption on Wall Street involving decimal place trading and manipulation. They failed to tell the world because both had their own hidden agendas — as the news media wanted Sirius XM Radio bankrupt, and Wall Street wanted the Sirius investors’ money.
Now, for some facts about the news media…
CNBC:
Did you know that General Electric, or GE, owns CNBC, as well as NBC and MSNBC? Did you know that MS stands for Microsoft, as GE and Microsoft own MSNBC? They also own Meet the Press, The Today Show and others.
CNN:
Did you know that CNN is owned by AOL/Time Warner and that they own 33 magazines, including Time and Fortune?
FOX:
Rupert Murdoch owns News Corp, which owns Fox News and their many networks across the country. News Corp also owns 132 newspapers, including the New York Post and the London Times, along with 25 different magazines.
Also, it seems ironic that these newspapers are in trouble financially, as has been reported over the past months — especially the Boston Globe’s problems and how the New York Times owns this well-known but, of late, troubled publication. I do not know who owns the Wall Street Journal, Motley Fools, but I do know that Jim Cramer of CNBC’s “Mad Money” is part-owner of thestreet.com, which has written numerous false articles about Sirius XM Radio. How is he allowed to do that while also bashing Sirius XM Radio on “Mad Money“? Did you see Jim Cramer bashing Sirius XM Radio last night ( August 24th, 2009 ) on Mad Money.
How could any one of these once powerful news media companies fail to cover the story of naked short-selling or decimal place trading? The recent news about naked short-selling and flash trading, along with high-frequency trading, have only been in the news since word came out on Wall Street about Stock Shock. Only then have these stories of corruption on Wall Street come out within the past few weeks and months, but to this day there has still been no talk of the decimal place trading — and the national news media have yet to mention the movie. All of these news media companies and TV stations are hoping that Goldman Sachs can still succeed at trying to bankrupt Sirius XM Radio through manipulation in decimal places; hence not one single word of this on any one of the networks listed above — not one word. But the Cash for Clunkers program has been all over the news for the past month — who do you think will benefit from all of the new cars sold? Yes…Sirius XM Radio will be included in just about every new car sold, not to mention in all of the cell phones of the future. CNBC had at least 100 hours of coverage for the Cash for Clunkers program, yet not one mention of Sirius XM Radio — the company that, ironically, stands to gain the most for all these new car sales.
Goldman Sachs’ manipulation of stock prices with Sirius XM Radio and many other stocks continues today. Goldman Sachs tried to ruin the banking industry using the same exact means — naked short-selling — until the SEC finally stepped in. Their original plan back in July of 2007 to ruin Sirius XM Radio led to more greed by Goldman Sachs and Wall Street as they took the Sirius XM Radio attack plan and used it against the banking industry, while their greed almost ruined our great country. When they are making over 100 million dollars per day by manipulating stock prices in decimal places, I guess they will do anything, and stop at nothing — including putting this country into a recession. That, my friends, is greed — total and complete greed.
Goldman Sachs’ advantage will be diminished with the new changes coming on Wall Street, but which national media company is going to tell the entire truth to the world? Is it going to be Hollywood, or is the national media finally going to be forced to reveal what really happened?
The bottom line is this: the truth will prevail in the end, and Stock Shock will unveil the whole story — the real story — to the world. You can take that to the bank.
Richard Keane, narrator – Stock Shock
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