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Short Investors, Journalists and Regulators Working Together
The episode could have provided a templet for fraud discovery. When the dust settled, the formerly nine billion dollar learn out and houseby was basically a zero. Over a number of years, a third of learn out sales had been fiction. The ceo went to jail. Mark frequently called attorneys at the s c c and told them where to find the suspicious activity. Because the agency actually listened, they were on learn out before the stock hit zero,. which doesn't always happen. Also, a murderer's row of finance journalists, including herb greenberg, jesse eisinger, john carirew and mark merrimont, all made hay on the story. But if lern