Naked Shorts Can’t Stay Naked Forever
This is the most amazing series. Today is Part 3 of David Dayen’s series on an amazing scam, with this blurb:
Who engages in massive trades in penny stocks on the industry’s own “chill list”? And what happens when you sell a stock you don’t have? Victimized investor Chris DiIorio finds the answers in plain sight and wonders why no one else seems to care.
Earlier parts are found here. It really is a criminal enterprise.