Can a Corporate Titan Withstand the Tremors of Allegations?In the high-stakes arena of global business, few narratives captivate the imagination quite like the meteoric rise and sudden turbulence of an economic powerhouse. The Adani Group once celebrated as a paragon of Indian entrepreneurial success, now finds itself navigating treacherous waters of legal scrutiny and market skepticism. What began as a remarkable journey of a diamond trader turned infrastructure magnate has transformed into a complex tale of ambition, power, and potential corporate misconduct that challenges our understanding of success in the modern economic landscape.
The allegations against Gautam Adani—ranging from securities fraud to a purported massive bribery scheme—represent more than just a corporate challenge; they symbolize a pivotal moment of reckoning for corporate governance in emerging markets. With U.S. prosecutors indicting Adani and a damaging report by Hindenburg Research accusing the group of "the largest con in corporate history," the conglomerate has witnessed a staggering $68 billion evaporation of market value. This precipitous fall from grace serves as a stark reminder that even the most seemingly invincible corporate empires can be vulnerable to the harsh light of forensic scrutiny and legal investigation.
The unfolding saga transcends the individual narrative of Gautam Adani, touching upon broader themes of economic development, political connections, and the delicate balance between entrepreneurial ambition and ethical conduct. As the Adani Group confronts these unprecedented challenges, the world watches with bated breath, understanding that the outcome will not merely determine the fate of one business empire, but potentially reshape perceptions of India's economic credibility on the global stage. The resilience, transparency, and response of the Adani Group in the face of these allegations will serve as a critical case study in corporate accountability and the complex interplay between business, politics, and regulatory oversight.
Ultimately, this narrative invites us to reflect on the fundamental principles of corporate integrity and the thin line between visionary entrepreneurship and potential systemic manipulation. As investors, policymakers, and global observers, we are compelled to ask: Can reputation, built over decades, withstand the seismic tremors of serious allegations? The Adani Group's journey offers a compelling, real-time exploration of this profound question, challenging our assumptions about success, power, and the intricate mechanisms that govern global business ecosystems.
Fraud
FTX Executive Nishad Facing Sentenced Amid $8 Bln Fraud FalloutThe case against Nishad Singh, former FTX chief engineer, has garnered intense scrutiny in the crypto and financial world as he faces sentencing for his role in one of the largest financial frauds in U.S. history. Singh, who pleaded guilty to six counts of fraud and conspiracy, admitted to being a “straw donor” in Sam Bankman-Fried’s political donation scheme and played a role in orchestrating FTX’s misappropriation of customer funds. His sentencing, along with the recent technical analysis of FTX’s native token TSX:FTT , provides a complex perspective on the current state of FTX's assets and market position.
Cooperation and Accountability in the FTX Scandal
Singh’s involvement in FTX’s collapse goes beyond operational missteps; it includes his participation in diverting an estimated $8 billion from FTX’s customers under the direction of Sam Bankman-Fried. The case, which has revealed severe governance issues within FTX, led to significant financial losses for investors and shattered trust within the crypto community. While Singh’s cooperation, including asset recovery and key information sharing, is expected to contribute to a lighter sentence, Judge Lewis Kaplan has stressed the need for accountability, pointing to the severe impact on countless victims.
FTX’s bankruptcy CEO, John J. Ray III, recently issued a letter to Judge Kaplan highlighting Singh’s efforts to assist the debtors. According to Ray, Singh's knowledge of FTX’s operations is critical to ongoing investigations and asset recovery efforts. Singh has surrendered Bahamian property bought with company funds and responded to investigative inquiries, positioning him as a valuable asset for further legal proceedings and recovery efforts. In addition, Singh’s cooperation agreement might extend to testifying in bankruptcy court, potentially providing insights into the company’s operations that could aid in further recovery of assets.
This case highlights a broader trend in crypto governance as courts and regulatory bodies examine the internal controls and accountability measures within high-stakes crypto firms. Singh’s sentencing and the ongoing efforts by FTX’s leadership to restore investor trust demonstrate how corporate accountability and individual responsibility intersect in high-profile financial scandals.
Technical Outlook
FTX’s native token, TSX:FTT , has experienced substantial volatility amid the legal and financial turmoil surrounding the exchange. Currently trading within a declining trend channel, TSX:FTT is down by 2.18% with a moderate Relative Strength Index (RSI) of 44, suggesting consolidation within a narrow price range.
Price Movement: TSX:FTT has been trading between the $2 and $1.6 range. The support level at $1.48 is a key point to watch, as a break below this level could signal a deeper decline, while a bounce could provide a buy signal for traders. This range-bound movement, combined with low trading volumes, reflects caution among investors as they assess FTX's ability to recover from the ongoing legal challenges.
Market Sentiment and Potential Buy Signal: Given the current market sentiment around FTX, TSX:FTT ’s technical indicators highlight a potential accumulation phase, where investors may look for an entry point at the $1.48 support level. This level may attract buying interest as traders consider the possibility of a reversal if the company manages to stabilize and address its financial and legal issues.
Nishad Singh’s sentencing and cooperation could bring further transparency to FTX’s operations, potentially influencing investor sentiment around $FTT. A lighter sentence for Singh might indicate ongoing cooperation with authorities, providing some relief to traders who remain interested in FTX’s long-term recovery prospects.
Conclusion
With Nishad Singh’s sentencing set to unfold, his cooperation remains a significant factor in the broader investigation into FTX’s downfall. Singh’s actions and the judicial response will likely impact investor sentiment in the crypto market, particularly regarding FTX and its native token, $FTT. While TSX:FTT ’s current price pattern reflects caution, traders should keep an eye on support levels and overall market sentiment as FTX navigates its legal and financial recovery.
FFIE possible range to play0.2% retrace towards the high would land at a price near $400.
Personally I think we could see a range developing between the yellow bars.
I think we will hit something near $1.7 before $6 and maybe revisit $1.9???
Run around like a drunk girl that's 16 and eventually reject from near $26 to revisit around $4..... Flat line befor hitting some stupid numbers in 2028 or 2029. After that the company crashes and is never heard of again.
No crystal ball but if I had an extra million sitting around I'd put $1,000 in 5 different buys. One now and stack them going down to about $1.4.
I would still expect to see all the investment to hit ZERO.
NOTHING I SAY IS FINANCIAL ADVICE.
I AM OFTEN WRONG AND IDGAF ABOUT THIS FFIE MADE MY 2 Gs off it.
Might put $500 in when is takes the lower yellow bar out.
Celsius looks like it wants to reclaim a Dollar! :0Nothing really dies in crypto lol
Theres always one more pump left lol
Sad state of affairs to all the people who got their coins stuck in celsius
But the the FTX fallout could give credence that people will actually made whole.
Technically the chart points to good news down the road .....
or could be traders wanting to pump something that hasn't moved much already
The two breakout levels are clear for all to be seen let's see what it can do.
DLO DLocal Limited "is likely a fraud"If you haven`t read Muddy Waters Research: "our research leads us to believe that DLO is likely a fraud. We also have concerns over its disclosures about, and controls of, client funds."
Then analyzing the options chain and the chart patterns of DLO DLocal Limited prior to the earnings report this week,
I would consider purchasing the 13usd strike price Puts with
an expiration date of 2023-11-17,
for a premium of approximately $1.87.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
SQ Block Options Ahead of EarningsIf you haven`t sold SQ Block here:
Then I think you already know that the company is accused of fraud!
Now analyzing the options chain of SQ Block prior to the earnings report this week,
I would consider purchasing the 59usd strike price Puts with
an expiration date of 2023-5-19,
for a premium of approximately $2.71.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
I am interested to hear your thoughts on this strategy.
PEPE Pepecoin Beware of a Rug Pull !!PEPE or Pepecoin is a meme crypto without any fundamentals that has a market cap of USD303 Million!
Beware of a Rug Pull!
A rug pull is a scam where a cryptocurrency developer and group of paid influencers hypes a project to attract investor money, only to suddenly shut down or disappear, taking investor assets with them.
The name comes from the idiom “to pull the rug out” from under someone, leaving the victim off-balance and scrambling.
Binance knows your Stop Losses and will liquidate youI have proved before in this post that the big boys are big enough to push the price wherever they want. Now we have the smoking gun.
From the CFTC's suit against Binance:
During the Relevant Period, Binance has traded on its own platform through approximately 300 “house accounts” that are all directly or indirectly owned by Zhao, as well as accounts owned by Merit Peak and Sigma Chain. Zhao has also traded on the Binance platform through two individual accounts. … On information and belief, Binance’s proprietary trading activity on Binance’s own markets is directed by Binance’s “quant desk.”
Binance does not disclose to its customers that Binance is trading in its own markets in its Terms of Use or elsewhere. Consistent with its apparent attempt to keep its proprietary trading activity on its own markets top secret, Binance has refused to respond to Commission-issued investigative subpoenas seeking information concerning its proprietary trading activity on Binance, including transaction data and communications among the members of the Binance “quant desk.”
In other words, they are stopping you out on purpose when they see enough stop losses to give them an opportunity. Liquidating you, deliberately.
I wonder how many Stop Loss Orders there are in the YELLOW areas.
This is not a story about Binance, and I don't expect the exchange to fold. However, it is a story about Crypto, and why, if you want to be a trader, you should probably use FX or Commodities or Stocks or Indeces. While there is lots of manipulation in these too, it's not as blatant and commonplace, because with regulated products the criminals risk jail time.
Tron TRX Price Target after the U.S. CFTC sued BinanceBinance and its CEO, CZ, are being sued in the US by Commodity Market Regulators in a complaint that claims the defendants committed “wilful evasion of US law”.
This comes after the SEC Charged Crypto Entrepreneur Justin Sun and his Companies for Fraud and Other Securities Law Violations last week.
Binance is responsible for 61.8% of the global crypto trading. Its Market Share is Huge!
I assume we are about to witness a major selloff in the crypto industry.
My Tron TRX Price Targets:
TRX/USDT short
Entry Range: $0.060 - 0.066
Price Target 1: $0.055
Price Target 2: $0.045
Price Target 3: $0.030
Stop Loss: $0.074
SBNY Signature Bank exposure to FTXOn December 21 Fitch Ratings revised Signature Bank's (SBNY) 'BBB+' Long-Term Issuer Default Rating (IDR) Rating Outlook to Negative from Stable.
On Jan 10, a team of analysts led by Ken Usdin downgraded SBNY Signature Bank to Hold from Buy, and slashed their target price to $124 from $185.
SBNY Signature Bank said that it had an exposure to FTX of less than 0.1%.
They also announced a reduction is crypto exposure, of which Jefferies analysts said:
“Signature Bank’s decision to shrink its crypto deposits by $8 billion to $10 billion and replacing with wholesale borrowings at 4.25% will drive a significant net interest margin reset in the coming quarters,”, which is a key profitability metric for banks.
Looking at the SBNY Signature Bank options chain ahead of earnings , I would buy the $75 strike price Puts with
2023-6-16 expiration date for about
$4.45 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
DLO"our research leads us to believe that DLO is likely a fraud"November 16, 2022, Muddy Waters Research: "our research leads us to believe that DLO is likely a fraud. We also have concerns over its disclosures about, and controls of, client funds."
DLO DLocal Limited is a technology-first payments platform enabling global enterprise merchants to connect with billions of consumers in emerging markets headquartered in Montevideo, Uruguay.
Muddy Waters Research: "we found a series of lies that the company has told, along with accounts it has altered to corroborate the lies. This series of lies had to do with disguising the timing of an option exercise and the source of funding for that insider option exercise. Absent the most glaring level of incompetence, these account alterations should point to fraud."
DLO DLocal Limited reminds me of Wirecard WDI in 2020. It was the pride of the German fintech, included in DAX30. a lot of people were buying WDI on its was down, thinking about a reversal, a buyout or a bailout from the authorities. German prosecutors have charged Wirecard's former chief executive Markus Braun and two other high-ranking managers for the colossal commercial fraud that led to the collapse of the payment company.
But financial fraud in payment companies usually ends with bankruptcy.
DLO DLocal Limited`s IPO was on June 2, 2021, at $21. Most of the companies that were listed last year or IPOs are now trading at a huge discount, but not DLO, which today traded at the same IPO price.
Today DLO went from $20.94 to $10.29, but if the accusations turn out to be true, then i am ready to see $1, or even less.
The market cap of DLO is still high in my opinion, $3 Billion!
Even without this report, my price target would be around $8.
Looking forward to read your opinion about it.
Reminescence of a Scam Operator (ANTI SCAMMER GUIDE)Reminiscent of the roaring 1920s, the 2020 epidemic and the inability to work for many people brought an influx of new retail investors to the public market. Furthermore, the FED's decision to prop up the market by dropping interest rates combined with stimulus checks handed out by the U.S. government lured in even more investors who were hungry for profits. Although the market sensation also brought a rise of omnipresent scams across all trading platforms.
Lack of workforce, sophisticated methods, and automated bots often play into the hands of perpetrators who try to get ahead of the platform and its users. Therefore, we decided to write this concise article with the purpose of helping new investors to recognize good apples from bad ones.
The most common means of communication for criminals is to use private chat, public chat, comments, ideas, and headline references. Several examples of red flags are shown below.
RED FLAGS AND OTHER POINTS:
Asking for personal information and TradingView account information
One common tactic criminals use to exploit their victims is to ask for personal information or account information (login and password). This information should not be disclosed to anyone, including someone claiming to be a platform's employee/support (as these people tend to have access to this information).
Asking for trading account information
Another standard method bad actors use is asking for trading account information. On such occasions, a perpetrator asks for existing account information or requests a victim to create a new account; then, a perpetrator usually asks the victim to invest money into the account and let them use it in return for shared profits.
False promises
The third point probably accompanies every other point on our list. This point relates mainly to false promises about trading achievements, which often include statements about having a high win rate, high net worth, and an unbeatable trading system.
Financial gurus and lavish lifestyles
A high follower count and strong social media presence do not equal reliability. Perpetrators often portray lavish lifestyles across social media platforms to entice more people and trick them into buying a trading signal service or trading course (or any other service). The public image does not necessarily have to match a person's authentic lifestyle. Indeed, trading as a career is highly time-consuming and does not come with trading from a vicinity of a pool or ski resort; that is just public perception.
Trading signals and trading courses
Unfortunately, most of the time, trading signal services (for buy) lack performance and do not consider subscribers' risk tolerance and account sizes. In regard to trading courses, we hold a similarly low opinion of them as we think learning a skill to trade goes far beyond a few hours of any trading course.
Unrealistic win-rate claims
Most brokerages report that their retail clients lose about 50-90% of the initial capital, especially when trading CFDs. Therefore, we would like to put in perspective how realistic claims about a high win rate really are. Professional traders tend to peak at approximately a 50% win-rate over a consistent period. Thus, claims about a 90% or higher win rate are likely to be false.
Guaranteed moves and risk-free investments
Another tactic of scamming utilizes guaranteeing moves in the market. However, there is nothing like a guaranteed move since the market constantly changes and is influenced by complex factors.
These are just few points we included, however, we ask a public to share their own points in the comment section.
DISCLAIMER: This content serves solely educational purposes.
BTC Will Fall: The War on Fraud BeginsBTC triple topped into the ascending triangle which broke down to the downside, an extremely bearish move. I wondered why altcoins are up and I believe it is because everyone is liquidating out of BTC and potentially into stablecoins.
I strongly believe this investment by the US gov into the IRS is to crack down on illegal principles funded by drug dealers, credit card scammers, and unemployment fraud scammers, who use the blockchain network as a web for their operations, I strongly believe this also includes the cartel but I think the cartel > is way stronger than the government and we'd never come for them, but actually, that would make more sense into why we're funding out IRS as a military at the moment, fascinating.
Just to explain how this web works. Someone can pretend to be you, order unemployment debit cards to YOUR address, stand outside of your house, and catch any mail that would've notified you of this activity. They will then proceed, to deposit this let's say for example $10k into BTC. They will then proceed to advertise to people "hey, send me 5k, and I'll double it, to 10k and send it to you" these people take their tax-paid cash hard-earned and then send it to the scammers. These scammers now have 5k in clean free cash flow, and the victim who sent them 5k is going to be sent 10k in illegal cash flow. Now the blame is spread across the American people. And just imagine what was happening when stimulus checks for thousands of dollars were floating through to people that didn't know if they were eligible.
Another point I also have is that most BTC holders don't pay their fair amount of tax on capital gains. Even these public millionaires I believe use the BTC as a tool to escape taxes. Anyone can simply say "oh, I lost the crypto wallet password, I have no capital gains" which is technically true because I have sent crypto through the wrong network before and lost it, however, exchanges account for that information and I'd be safe. However, these degenerates who think the government isn't a mafia, are going to be taken by surprise by the amount of taxes they will need to pay, forcing them to liquidate. This second point is dependent on how the IRS classifies BTC, because if it's property, then things are different because you don't pay capital gains on your house, but you do pay a property tax year over year so there's that, they'll potentially put in a "Billionaire Bill" which forces people to liquidate and pay taxes for owning their property based on a percent. If not treated as property and instead as an asset or currency, then spitball fire and this is gonna be a messy slaughterhouse of taxes needing to be paid, I believe both possibilities lead to a bearish decline to at least 21k, then a potential 19k, I'll see if 18-19k support holds, then go in, but if not we could see bearish lands of 11k but I don't honestly see 11k happening unless huge market activity pushes this sentiment.
TESLA - Who has Eron not managed to piss offCIA?
Oh my...
BRADON?
To the Moon, have a nice trip.
Wish you well.
UAW?
Probably has a Hit paid for on Eron.
Ala Jimmy Hoffa...
TWITTER?
Baggies crumbling - the big payday
Ding from $54 to sub $40.
CASH FLOW?
It's pissed beyond now approaching $5B
to the Negative.
BATTERY PRODUCTION?
Well over 2 years behind schedule.
SPACE X?
Go away Whacko.
_______________________________________
Tesla is no longer a protected entity in the
Matrix.
Eh Neo :)
Space X - the Solar City BaggyPPA Models are simple. straight forward and rather easy to project.
IF, of course, you have a brain and are not running an enormous scam
on the Backs of Taxpayers.
Eron front-loaded the install under the guise of Bond Issuance
covering upfront costs... 20-year Bonds are now on the Books of Tesla
and Space X.
_______________________________________________________________
$2.3 Billion to the PowerWall Sh_t Mix - a noose around the neck of Debt.
Eron excels at Hide the Cheese.
Bitcoin... eventually he'll need the Junk Coin to run well north of $100K
in order to bail out his BS.
Investors, Fanbois, and the Cult of Eron have short memories.
We'll take their monkey money.
FailureWell, i was waiting for a falling wedge, but now it's broken and technically could be anything, the bad news is that everything means lower levels such as 5,000 or less. We will discover that all the money is now in the pocket of the exchanges owners. if the broken model recovers, could go as far as 60K
Moderna - Short it into the Ground Never have I used this platform to message outside of what I believed Future contract or stock could do in the future.
Till now. There is a trade here too.
The tweet is from Robert F. Kennedy Jr. - confidant sure you recognize the name hence why I choose this one. (Although there are 100's)
Nice video explaining what's going on, and what the plan is going forward. Just in case you are not aware.
$PFE and $MRNA use the same tech to modify Human RNA (ribonucleic acid.) They're clinical trials are marred in fraud, they have made billions, and would be exempt from litigation except they lied about the safety of their products.
Why short Moderna instead of Pfizer? Pfizer has full pipeline of drugs, Moderna does not.
TRADE:
We're just about at the .78 Fib retracement -which is a nice entry location. The $165 - 166 area.
One hour chart, clear double top forming and the RSI is weaker. Green arrow points recent average price. This is the first target at $147.
However when the MSM finally picks up this, they'll have NO choice, this stock potentially could trade into the single digits, but of course this will take more time.
The last couple of days average volume has increased by almost 100%. One of the reasons that $PFE and $MRNA have run up is the expectation that current out break in China will call for more of these drugs.
The counter argument to that is that Chinese will not engage the Americans directly about the war in Ukraine but are using this 'Outbreak' to disrupt supply chains further in the US. Think about it - outbreak, of what Omnicron?
Because this trade setup is fairly obviously there is a chance that price may go higher to pull shorts before returning lower - so be careful. Its not implausible that we go all the way up to about $180 which would be 100% retracement on weekly Fib before heading back down.
UK crypto unicorn teams upUK crypto firm Blockchain.com has teamed up with Stripe to help bolster its payment offering and get a better handle on protecting against fraud.
Blockchain.com, founded in 2011 and an infrastructure pioneer in Bitcoin, is a platform that offers users ways to buy and use crypto.
The UK firm says that 37 million users have created more than 80 million crypto wallets and transacted more than $1trn on Blockchain.com.
Online payments giant Stripe is to bolster Blockchain.com’s payments offering, as well as help protect against fraud, and improve revenues management.
In particular, the two companies said that Stripe aims to address common crypto purchase challenges, such as fluctuating payment acceptance rates, volatile reliability, as well as improving user experience.
In four weeks, Blockchain.com used Stripe technology to build a new checkout flow that made it possible for users to purchase crypto using card payments.
Luckin Coffee Settles USD 175 Mn Class Action Lawsuit Over FraudLuckin denied wrongdoing in agreeing to settle while its U.S.-based lawyer did not immediately respond to media requests for comment on Tuesday.
After their founding in 2017, Luckin Coffee's hype and share price peaked around early 2020 as they broke out to rival global coffee icon Starbucks. Then Muddy Waters Research dropped a bombshell claim of falsified revenue on behalf of the company to inflate share prices. The internal probe found that its chief operating officer and other staff fabricated about USD 310 million of sales in 2019, or about 40% of annual sales projected by analysts. The SEC stated that Luckin raised more than USD 864 million from equity and debt investors while the fraud was taking place. The Securities and Exchange Commission consequentially delivered accounting fraud civil charges and fined Luckin USD 180 million last December.
Then came the fall from grace. Within two months their share price sank more than 80%. Shares are now trading around USD 15 as the stock is up an impressive 220% in the past year. Their unaudited financials for the first half of 2021 show that they achieved a 16% store-level profit margin and that net revenues increased over 106% resulting from higher net selling prices and an increase in items sold. They've still managed to achieve positive revenue growth amidst all of the settlement fees and negative publicity. Luckin Coffee also still manages to operate around 5,259 stores in China maintaining a firm presence. Things should be looking up for Luckin as the clouds clear while investors can capitalize on their refocus.