pain is the staff of life

market manipulator dead

Posted in Uncategorized by ruthanzo on July 29, 2009

Kuwait Suicide
Kuwaiti businessman Hazem al-Braikan was found dead in his bed with a gunshot wound to the head and a handgun at his side, said the official (MISS OTIS?) speaking on condition of anonymity because (s)he did not have the full details. The U.S. Securities and Exchange Commission charged al-Braikan last week (BUT NOT MADOFF WHO WAS RIGHT UNDER THEIR NOSES? FOR 30 YRS.) with scheming to make millions by manipulating (SOMETIMES CALLED ENTREPRENEURSHIP) the stock of certain U.S. companies The SEC said it was freezing more than $5 million (THAT’S IT??) in profits believed to have been MADE-OFF the questionable deals (ARE THERE ANY OTHER KIND?) by al-Braikan and three companies with whom he is associated. Al-Braikan was CEO of Al-Raya Investment Co. which is 10-percent owned by the New York-based Citigroup Inc (oh oh! SHITTY-SHITTY BANG BANG?)
The SEC says al-Braikan’s company as well as two other companies – the United Gulf Bank and KIPCO Asset Management Co.KAMCONLINE– traded shares based on two phony (used phoneline) announcements (aka THINKING INSIDE THE BOX.) One announcement faxed (PEOPLE ACTUALLY READ THESE?) to media outlets July 19 and subsequently reported on the Internet the following day stated that a Middle Eastern investment group made an offer to acquire Stamford,(TOPIARY CAPITAL?) Connecticut-based electronic systems maker Harman (WHERE KARDON?) International Industries Inc. (HARDON after merger)
Harman was forced to issue a statement last Monday denying it had been approached by a mysterious Gulf (of MEXICO?) investor (BUSH IN A GHUTA? or MANUCHER GHORBANIFAR) known as the Arabian Peninsula Group following a number of media reports. The company’s shares tumbled sharply once the hoax (‘A’ fOR EFFORT) was revealed and then somebody (THE GUY WHO DIDN’T GET OUT IN TIME ) shot this guy.
In April, rumors and a report in a Kuwaiti newspaper that a consortium of Middle East companies was offering to buy Textron Inc. sent shares of the Providence, Rhode Island company soaring more than 50 percent in a single day. No deal for the manufacturer of Bell helicopters (I COULD HAVE TOLD THEM THAT. THERE’S BEEN NO ACTIVITY THERE SINCE IT WAS BUILT ON THE 15N. 25 YRS AGO) Cessna jets and turf-maintenance equipment (PARIMUTUEL BETTING MACHINES?) emerged and shares plunged a few days later.
The SEC said al-Braikan and the others “amassed positions (BUY LOW) in the one or both of the securities of the companies shortly before the bogus offers were publicized.” They then sold (SELL HIGH) their securities at “prices inflated by the false information to reap their illicit profits.” (ISN’T THAT WHAT YOU’RE SUPPOSED TO DO?) Al-braikan will be thinking inside the box for a long time to come.


2 Responses

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  1. spruce top p. said, on July 29, 2009 at 5:37 pm

    pparaphrasing macchines too?

  2. Robert Brent said, on August 3, 2009 at 3:20 pm

    I hadn’t heard about this one! The French money manager de la Villehuchet actually slit his wrists to commit suicide, which has always seemed like a pretty disturbing way to die. I’ll need to add this to a timeline of Madoff’s fraud Anyone is free to contribute.

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