our-street.com fights stock fraud

STOCK FRAUD EXPOSED

WE ARE TAKING BACK

OUR STREET!

The 2004 Scammy Awards          THE OUR STREET REPORT NEWSLETTER

OUR LATEST REPORT                                       Short Seller's War Editorial

THE VERICHIP LETTERS                             STOCK FRAUD'S SILENT ACCOMPLICE

Response to attacks                             Attorneys, do you need litigation consulting

Know a crooked company? We want to know!  stock fraud

In recent months, America has been witness to the ugly underbelly of the securities industry. Massive corruption in huge corporations with the consequences felt from Wall Street to the street where you live.  Wall Street, “The Street”, is OUR Street and it has been taken over by gangsters and terrorists in three piece suits and the cops (the SEC) can’t handle it themselves. As far as we are concerned, this is war and it’s time for action! It is time we took back Our Street from the corporate evil doers!

We have seen major brokerage firms using their analyst departments as glorified pump and dump houses, putting out misleading recommendations while claiming they were out there earning their clients' trust through hard work and a commitment to the individual investor’s best interest. Their posturing, it has been revealed, turned out to be total baloney! our-street.com fights stock fraud

 All the while, in our opinion, the SEC inadvertently supported this activity. They didn’t do it intentionally, but they supported it nonetheless.  While mainstream Wall Street and their corporate clients were pulling off the biggest scams in the history of the markets, the SEC was focusing an inordinate amount of their resources towards the prosecution of violators in the micro-cap markets, primarily the bulletin boards.  Now everyone knows that fraud has been prevalent within the micro-cap world for years but as one can plainly see, the micro cap world didn’t have the exclusive on fraud. The micro market is for the micro criminal. The real pros followed Willie Sutton’s sage advice and focused on the NYSE. Remember Willie, when asked why he robbed banks replied, “Cause that’s where the money is!”  The real money was, is and shall always be in the top tier firms and the "legitimate" markets, not in the land of penny stocks. Since greed is the driving motivation behind fraud, it’s only common sense to realize that where more money is available more greed will be right there too.  And to think that the top tier brokerage houses should be free from this corruption just because they have classy ads and wear $2,000 suits is pure denial and ignorance.  Any firm that can afford to pay a corrupt shill like Jack Grubman $23 million a year to pump their stock has the kind of money that the true professional thieves are looking for.  I think if you add up all the money stolen by fraud in the bulletin boards since the penny stock heyday in the mid 80’s, you will not equal the amount of money lost by investors in just the Enron and WorldCom collapses.  our-street.com fights stock fraud stock fraud

What makes all this even worse is that this fraud was allowed to continue despite my personal belief that the SEC was alerted to both Enron’s and WorldCom’s problems well in advance of the public implosion of those companies.  It is widely recognized among professional traders that the most thorough research into public company’s books and accounting practices is done not by the analysts or mutual funds but by professional short sellers. It is also widely understood that short sellers will almost always report any accounting irregularities or other regulatory problems they manage do dig up to the SEC in an attempt to reverse an upward trend in a stock. Given the madness that took place in the market in the late 90’s, short sellers were fighting for their economic lives and were doing more digging than ever before in a desperate attempt to bust the momentum of the high flying tech stocks like WorldCom. Further, once the bubble burst they undoubtedly turned their attention to the stocks that had yet to suffer a set back. Enron was one of these and I am convinced that, although the entire short selling world hadn’t jumped on the bandwagon by the first of 2001, the most sophisticated short sellers had not only positioned themselves, they also had put together reports which they had forwarded to the SEC, just like they did with WorldCom. stock fraud

When it comes to discovering fraud and improprieties, no one does it better than a short seller.  The problem is the SEC lacks the resources to address every complaint in a timely fashion so, according to many in the industry, they have a way of attacking the most obvious and most blatant offenses leaving many to push their scam unhindered.  Another major problem is that, even though they might start an informal investigation, the public never hears about it until it is too late and all their money is gone. You see, informal investigations are confidential and as a result are never revealed by the SEC. Naturally they are also seldom disclosed by the company that is a target of the inquiry. The SEC simply request documents, request answers to questions and basically gathers evidence, even when it is plainly clear that significant wrong is being done. Then, someday, after the stock has crashed and the investors money has disappeared, then and only then do they often begin prosecution of the responsible parties. Well we say that THIS IS COMPLETELY UNACCEPTABLE! Still, it is the rule today and the investigators have no choice but to go along with it.  stock fraud

Now don't misunderstand me, for being under-funded and under-staffed, the SEC is doing the best it can. Priorities are set from on high and the individual investigators have more cases thrust upon them than they can adequately deal with. As a result, priorities have to be assigned and this benefits the scam artists. We are not here to criticize the SEC. Rather we are trying to identify a problem and to be a part of the solution. We feel that a well documented, well constructed complaint can be of significant benefit to an overworked investigator be it from us or from someone else out there.

As a result, we intend to provide them with as much information in our complaints as we can as well as to create a public awareness of the need for investors to do good due diligence before investing and to bring forth editorials and suggestions we feel can make our street a better place to invest. An example of a suggestion would be this:

In our opinion, it wouldn't be much of a change for the SEC to simply use the power of the trading suspension as a more effective tool in dealing with these scam artists. Trading suspensions send a clear message to the market that something is wrong yet do not "officially" confirm the existence of even an informal inquiry. We recommend the SEC use the simple trading suspension as a first line of defense instead of an extreme measure. Think of it as a "shot across the bow".  our-street.com fights stock fraud

 If an investor wants to take a flyer on a high risk stock or even a stock that doesn’t appear high risk, that is their business, but they have the right to be informed of all the facts in the matter, not just what the SEC requires in the EDGAR filings. our-street.com fights the pump and dump our-street.com fights the pump & dump

 So, what is the bottom line here? It is real simple! Financial terrorists are ruining OUR STREET! The SEC is out-gunned and out-numbered and simply incapable of getting the job done alone, they need all of our help. Further they have greatly limited the effectiveness of the most efficient tool against these thugs, the short seller. As a result, the bad guys are winning and the American Dream is at risk.  our-street.com fights the  stock fraud stock fraud pump and dump our-street.com fights the pump & dump

 Well we say ENOUGH IS ENOUGH!!! THIS IS OUR STREET AND WE ARE TAKING IT BACK! We will not sit idly by and watch this continue. This web site is dedicated to exposing companies that are misleading the public with phony news releases, pumping their stock with aggressive marketing campaigns and cooking their books with the latest accounting tricks. What’s more, we are taking it one step further. Here is what we are going to do to shine the light of truth on these cockroaches:

1. We will be conducting thorough due diligence on behalf of our members and we will be focusing on what we think are suspicious companies using years of professional experience. We will then be preparing for our members and for the public at large,  the most thorough and well documented reports on those companies we target. The companies we target will be ones where material and documented regulatory offenses are evident in our opinion.  When appropriate, we will file these reports in the form of a formal complaint with the appropriate enforcement office(s) of the SEC, the Attorneys General, the Canadian Securities Administrators (the Canadian equivalent of the SEC) or whatever other regulatory body suits the situation. Then we will post those complaints right here for everyone to read.
2. We invite anyone filing a complaint with the SEC or with evidence against a public company to submit it to us as well. We are here to help the SEC, not replace them. We promise to take every precaution to assure your anonymity. If you want extra anonymity, just check our contact page for special options to protect you. Besides we are about the truth and not about revealing sources. Plus, we would much prefer to take the credit anyway but will gladly give it if you want it. stock fraud
3. Now this is where we really set ourselves apart from the crowd of also-ran's and me too's and where we really start making a difference. We're going to stand right beside our members who want to stand with us as we fight to take back our street. Our-street.com has built relationships with law firms that will favorably consider every company we profile with the idea of filing a class action or stockholder derivative action on your behalf against the company.  If you are an injured shareholder and are interested in participating in a class action suit against one of these companies, click here now and let us know. We will forward all the interested parties to the appropriate attorney for action. stock fraud

Join us today and together we can take back Our Street and preserve the American Dream.  As a member you will be notified when reports are published on our site and, if you are the kind of person that wants to be notified early, before everyone else and want other special service and benefits that comes from being our primary supporters, we understand and have a special membership just for you.  our-street.com fights the pump and dump our-street.com fights the pump & dump We fight stock fraud. We help the SEC and fight stock fraud. Stock fraud is exposed by our reports. We report the pump and dump. Securities and Exchange Commission gets our complaints about stock fraud. We hate stock manipulation and stock fraud. We love due diligence. We do excellent due diligence. We expose stock fraud.