Pump & Dump

The receivables grew. The growth did not. That gap is the case.

A short seller said ADMA's 20% growth was really a 3% decline hidden in distributor warehouses. The stock fell 29% in two days. Now the lawsuits are stacking up.

Latest
Pump & Dump

The fee was ten times normal. That was the tell everyone agreed not to see.

Eight years after the 1MDB scandal swallowed a Malaysian sovereign fund, Goldman Sachs has agreed to pay $500 million to settle a shareholder class action led by a Swedish pension fund. The fees on the bond deals were ten times what banks normally earned. Everyone in the room agreed not to say so.

Pump & Dump

The L Bond looked like income. It was a mansion in Dallas.

Bradley Heppner was convicted on all counts in Manhattan last week. The retirees who bought GWG's L Bonds learned what the yield was really paying for.

Pump & Dump

The man who told you the stock was uninvestible was already covering his short.

A retail investor in Phoenix watched a Citron Research tweet and shorted Roku alongside the man he trusted. Federal prosecutors say that man had already closed his position. The trial of Andrew Left begins this week.

Ponzi / Pyramid

The forged bank letter and the ten years it bought him

Christopher Knight Lopez ran a Houston investment shop for nearly ten years on forged bank letters and a fictional $2 billion in Treasury bonds. On May 7, 2026, a federal judge called it the most offensive white-collar crime he had seen.

The Daily Brief

The deal memo gets the conference room. The trade gets the burner phone.

Elena Ruiz · May 7

The Eight Percent Fund ran for thirty years. The math was always wrong.

Elena Ruiz · May 1

The word "resilience" was doing a lot of work for a very long time

Mark Tell · Apr 29
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