FBI Raids and Subpoenas Have Been Occurring on Wall Street. What’s Up? – IOTW Report

FBI Raids and Subpoenas Have Been Occurring on Wall Street. What’s Up?

Wall Street on Parade:
By Pam Martens and Russ Martens: February 17, 2022 ~

Yesterday, the Wall Street Journal dropped the bombshell that the Justice Department has been conducting raids on prominent short-sellers, including Muddy Waters’ Carson Block and Andrew Left of Citron Research. The Journal reported that the Justice Department “has seized hardware, trading records and private communications….”

Reuters reported yesterday that the Justice Department’s probe is “part of a wide-ranging investigation into short-sellers and hedge funds focused on suspected coordinated manipulative trading, according to two people familiar with the matter.” Reuters also reported that “dozens” of subpoenas have been issued to various firms since early last year.

Of particular interest to Wall Street On Parade was a report on December 10 by Reuters which indicated that trading activity in the shares of GSX Techedu was in the cross hairs of the Justice Department because both Muddy Waters and Citron Research had circulated negative research on the company. more

11 Comments on FBI Raids and Subpoenas Have Been Occurring on Wall Street. What’s Up?

  1. No idea of how legit these raids are because this administration has been nothing but political in it’s actions with compromised feds everywhere.

    Pretty sad when you expect nothing good of your Govt.

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  2. Pelosi & the fuckers seemed to have been front running. Her husband was buying Microsoft just before policy changes weaked some laws that would have been unfavourable and the awarding of a “yuge” batch of government contracts.

    Also don’t forget the assistance to Cali wine country which makes no sense when people are stuck locked down and drinking more than usual.

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