Wikipedia Infiltrated by Intelligence Agents?
An anonymous reader writes "International Humanitarian Law professor Ludwig Braeckeleer thinks so. In an article published yesterday in the Korean newspaper OhMyNews, he reveals a discovery he made while researching a story on the bombing of Pan Am Flight 103 over Scotland. It turns out that a Wikipedia administrator named SlimVirgin is actually Linda Mack, a woman who as a young graduate in the 1980s was hired by investigative reporter Pierre Salinger of ABC News to help with the investigation. Salinger later came to believe that Mack was actually working for Britain's MI5 on a mission to investigate the bombing and to infiltrate and monitor the news agency. Shortly after her Wikipedia identity was uncovered, many of her edits to articles related to the bombing were permanently removed from the database in an attempt to conceal her identity. This discovery comes only months after another Wikipedia admin was caught lying about his credentials to the press. What can Wikipedia do about those who would use it for their own purposes?"
So maybe the question becomes, should those who contribute more (I don't know what the threshold would be) be required to reveal more personal identification details in order to ensure some level of transparency?
Jim
http://www.runfatboy.net/ - A workout plan for beginners.
...would be "is there a major web-site which doesn't have a presence from at least one intelligence agency?"
I'm sure that, if you all gang up on this Ludwig the way you gang up on me, you can convince him that he's just a conspiracy theorist hiding his own personal failings.
the NPG electrode was replaced with carbon blac
This discovery comes only months after another Wikipedia admin was caught lying about his credentials to the press.
This sort of thing is a compounding issue. In fact, this sort of activity has tripled in the last six months. I read that on wikipedia somewhere.
The theory of relativity doesn't work right in Arkansas.
What can Wikipedia do about those who would use it for their own purposes?"
Uh, doesn't that include almost every admin?
I can't see why spooks would be editing entries about or favorite tv shows, comic book characters, science/fantasy books, technology entries, etc. Us geeks is safe.
Kwisatz Haderach
Sell the spice to CHOAM
This Mahdi took Shaddam's Throne
Are we really going to take an article seriously when it comes from a site called "OhMyNews.com"?
Might as well just link directly to infowars...
...that influences popular perceptions, and anyone can contribute to it. Of course government agents are using it.
OTOH, compared to what covert agents do outside of Wikipedia, I can hardly see much reason for alarm.
Nothing to see here, please move along.
Alcohol and Calculus don't mix. Don't drink and derive.
It can do what it's designed to do: self-edit.
Wouldn't you rather have someone writing stuff that can be corrected by anyone than have a publisher infiltrated and subsequently print untrue (yet unchangeable) information?
Of course, through ignorance or apathy or downright malevolence, any source produces at least some erroneous information anyway...
It's a site that's meant to inform. Does it matter if information is contributed under false identity? Information is either true or not. Judging whether it's true or not by who contributes is setting a very low standard for fact finding. Claims about knowledge that is outside of the expertise of layman have to have references to well-established sources (which can be checked) anyway. Otherwise, it's just rumors.
Any guest worker system is indistinguishable from indentured servitude.
Anybody who has any doubt should look at his posting history.
BTW do you do anything besides hanging on /. all day?
John McAfee 'It was like that time I hired that Bangkok prostitute; to do my taxes, while I fucked my accountant'
You can take the comments offline, but as part of the GNU Free Documentation License which all articles are written under I demand to see the diffs.
The fact is the government need only put this under a flag of "protecting national security" and all bets on civil liberty and rights are white washed.
God bless America!!
The land of the free!!
Pierre Salinger was kind of a crackpot at this point in his career, so just because he believed somebody was an MI-5 operative doesn't mean much. He was a laughing stock because of all of his conspiracy theories at the time.
The same as it does now, but putting people under public scrutiny should they ever turn out to be a snake.
3 words for you: Dee Dee Dee
I remember when Amazon went to that system after it was discovered how many negative reviews were authored by competing writers attempting to anonymously besmirch eachother in the review comments. Now you really find the highest rated reviews are almost exclusively by people who have chosen to forego anonymity for the benefit of having a trackable reputation.
What a retarded question... Don't we all use Wikipedia for our own purposes? The reaction — if any is needed at all — should depend on the purposes.
A covert agent of a reasonably democratic government investigating a crime is one thing. A pseudo-scientist lying about his credentials is another. A pranskter vandalizing pages is the third. An overt agent of a reasonably democratic government pushing their government's view is yet another. And so on... And then, of course, come the rest of us using the resource to learn, teach, and immortalize ourselves via contributions...
In Soviet Washington the swamp drains you.
A nutbag if ever there was one.
Wikipedia is perfectly welcome to sap and impurify my bodily fluids, although there are probably other web sites that are much more likely to actually do so.
Give a man a fish and you have fed him for today. Teach a man to fish, and he'll say "WHERE'S MY FISH, YOU IDIOT?"
If this is happening on Wikipedia, the next logical step is the rest of the Internet and the rest of the mainstream media. I know it seems impossible now, but can you imagine if a far-left wing liberal editor was in charge of the editorial page of the New York Times? Or what if a neocon tycoon owned a 24-hour news network! If Wikipedia is having problems, our mainstream media is going to be next and lose the objectivity that it's currently known for.
Lots of people manipulate Wikipedia for their own purposes, and sometimes these are highly dishonorable. As an example, check out the Wikipedia article for Christopher Gillberg. Then compare it to what you find googling for Gillberg affair, especially this review.
Gillberg appears to have been a highly dishonorable medical researcher, but his supporters, aided by an administrator, repeatedly changed the article to make it seem like he is a hero.
"Beyond right and wrong, there is a field.
I'll meet you there."
Interesting.
OK, maybe Wikipedia is a tool of the Man, and it's deleting edits to cover the tracks of an intelligence agent.
So, show me the 'before' and 'after' of the edits. Surely Google cache or Archive.org or any of the other search engines have that page from some point in the past, no? How about even a locally cached copy (certainly not tamper proof)?
Or... have all of the people who might have a cached copy also been infiltrated? We know how that story goes.
My God, it's Full of Source!
OUTSIDE_IP=$(dig +short my.ip @outsideip.net)
She sure looks like a spook!
> What can Wikipedia do about those who would use it for their own purposes?"
Carry on exactly as they are, because that is precisely what every contributor is doing. Their purpose may be an attempt at the truth, which is noble, but also subjective, and some will disagree. They too will contribute if they care enough. With enough of that, any other "purposes" will be, if not buried, then at least illuminated. Where that could fail is if there are not enough who care enough to contribute.
So what are you still here for?
"I may be synthetic, but I'm not stupid." -- Bishop 341-B
It's shameful that this made it to the front page. The OhMyNews story that is cited isn't linked to. A quick glance at it (It's at http://english.ohmynews.com/articleview/article_vi ew.asp?menu=c10400&no=374006&rel_no=1 ) shows why - the writer's only source for his claims about Slim Virgin is the evidence collected by Daniel Brandt, who cyberstalked her publicly on The Wikipedia Review, a board populated by the banned trolls of Wikipedia. The article makes clear the degree to which this "investigation" is based on rumors and lies, and proceeds to publicly state the alleged name and city of residence of this person.
I am appalled that Slashdot decided to participate in this public character assassination of a private citizen.
Philip Sandifer's academic website
You jail him/her, and go on with your life. thats whats gonna happen with wikipedia.
Read radical news here
Well, where is that IP from? At the time I did an nslookup and I resolved to n-mnstci-142.mnstci.iraq.centcom.mil (the IP now resolves to a different CENTCOM host, host216-142.iraq.centcom.mil). CentCom I remember from the film "Control Room", they are the people trying to spin the Iraq war for the world (and especially the US) media. But MNSTCI? A little checking around showed me MNSTCI stood for the United States Central Command's Multi-National Security Transition Command - Iraq.
I brought this up at the time, but everyone I brought it up to dismissed it. This is CENTCOM's job - US taxpayer's dollars to rewrite history, so that the US can keep going overseas militarily. It particularly annoyed me that I was paying the salary of the person trying to rewrite history. I kind of felt like I was battling someone in the bowels of the US's Orwellian version of "Minitru".
In the mid-1990s, I got a strange SNMP request from an army intelligence outfit in Quantico, Virginia after reading Australian web sites which discussed possible CIA involvement in overthrowing Australia's government in the 1970's (the Whitlam/Kerr thing). This was back in the (usually) non-NAT'ed days - I had just assigned this IP and had an unusual amount of monitoring set up, I'm sure most people would have noticed the query. With the PATRIOT act, split fibers at the major telcos going to who knows where and so forth, I guess this is normal nowadays. The next step for those who support all of this is to just to either dismiss it, or attack the people who complain about.
Because I know it will come up ....
Laws affecting technology will always be bad until enough techies become lawyers.
You kids and you're fancy toys. In my day there was nothing like a good old fashioned flogging to set things right.
And we liked it that way!
Quack, quack.
Almost anybody who has ever read the talk page of a Wikipedia article dealing with politics knows what a passive agressive far-right propagandist Slimvirgin is. Not really surprising that it's somebody working for the government.
People outside the US has probably noticed how systematically each and every article on US history is constantly whitewashed to remove any trace of US wrongdoings. How many US government agents are on the job? Probably not a lot, my guess is that most of it is done by patriotic citizens. Stalin would've been proud.
Obviously the fact that a twenty-something was caught posing as a Catholic theology professor lends credence to the accusation by a former Kennedy administration official that MI5 has penetrated Wikipedia.
...
Don't you fools see? Kennedy was Catholic, and Essjay claimed to be Catholic! TELL THE WIKIT$&$^^$^&NO CARRIER
No statement is true, not even this one.
Question people's actions, not their motives -- Cicero
As long as their contributions are valid, it does not matter why they contribute. If you wouldn't delete a given contribution from a PHD, you shouldn't delete it from a highschool student either, because it's the contribution itself that is either good or bad, not the source. The validitity of contributions should be derived from itself (including references provided, which is explicitly required by Wikipedia policies), and it has nothing to do with who actually contributes, because you may not use yourself or your reputation as a reference.
Likewise, it's wrong to censor someone's contributions just because you think he has a political agenda. As long as (and only as long as) the content submitted is valid and conforms to all policies (neutrality, references, no original research), it should make no difference whatsoever what agenda the contributor has.
SlimVirgin, the administrator accused of being a spy, has her user page here.
Interestingly, if one looks at the edit list for her talk page, any questions about whether she is a spy are being swiftly reverted. Now isn't that interesting.
Build a man a fire, he's warm for one night. Set him on fire, and he's warm for the rest of his life.
should those who contribute more (I don't know what the threshold would be) be required to reveal more personal identification details in order to ensure some level of transparency?
Freedom yields truth. There is great incentive for contributors to identify themselves. Part of the reward for editing is recognition. Truth, however, requires anonymity and multiplicity. Freedom gives you as much truth as is possible and restrictions, licenses and all that reduce it.
Just as there need to be multiple, independent news organizations, there needs to be multiple independent organizations providing what Wiki does. The reason ABC, BBC and others broadcasters are suspect is because there are so few of them. It's easy to corrupt a small number of organizations. Imagine every University in the world, every high school even, running it's own Wikipedia. That kind of network would be impossible to corrupt.
How do you do that? That's where freedom comes in again. Wikipedia is free, so everyone can copy what they want. University departments and news organizations can independently decide who they trust and who to copy. In a system like that, bad eggs can be tossed out and MI5, North Korean Communists and other bully boys will have more than they can do.
Friends don't help friends install M$ junk.
The evidence that Wikipedia has been infiltrated by Intelligence Agencies is that a woman who was a major contributor on the Lockerbie Pan Am bombing was a graduate student who investigated it for Pierre Salinger, but he came to suspect that she worked for MI-5. Note: not that he discovered that she worked for MI-5, just that he thought she did. Pierre Salinger is a man who in his later years demonstrated a gullibility for conspiracy theories.
The truth is that all men having power ought to be mistrusted. James Madison
this sort of activity has tripled in the last six months. I read that on wikipedia somewhere.
I think you are remembering a CNN, CW, or M$NBC story. You know, the people who continue to tell you free software, free encyclopedias, free textbooks, and freedom itself are unpossible.
Friends don't help friends install M$ junk.
Hint: Everyone contributes out of their self-interest. Some people like to talk and others just get their grins out of editing. The good news is that this still produces something of value. But even the most selfless librarian from Kansas is not going to go against self-interest. The real problem is your definition is not the same as my definition. Naturally I like mine better. But what if I like the fact that the intelligence agencies are protecting our country and you like the unvarnished truth. Both seem like good ideas within limits. Who chooses? Answer: the last one to edit a wikipedia piece.
While a caricaturization, there is some truth to the EncyclopiaDramatica article that follows (Note that SlimVirgin as part of the cabal)
I got repeatedly threatened by the guy and called an apologist for trying to wanting to include Tehran official response to the mistranslation of the infamous "wipe off the map" Ahmadinejad speech. They wanted to block my account for adding the conciliatory words of the Ayatollah (the guys who actually has a say on Iran's foreign policy) in the article.
Res publica non dominetur
I'd be a little annoyed if the brain surgeons in our intelligence agencies -- who I, along with the rest of the taxpayers, bankroll -- weren't at least aware of Wikipedia. ... they're not doing anything I wouldn't expect them to be doing.
I do NOT want my government spending my money on disinformation. It's bad enough when they publish it openly, but lying about who you are while you vandalize a public resource is much worse. Freely elected governments are supposed to represent the opinions of their people, not brainwash them.
I fully expect that the Chinese, Russians, Iranians, etc., probably have propaganda agencies astroturfing Wikipedia and other web sites to their own advantage. This is what countries do.
No, that is what tyrants do. They also murder those who oppose them. They do both of these things because they are fucking everyone. They have placed their self interest above yours and do what it takes to keep that position.
Friends don't help friends install M$ junk.
Obama likes poor people so much, he wants to make more of them.
However I don't edit it for my own purposes.
Oh come on, let's think this out. Are you suggesting people who do edit it do not edit it for their own purposes (fame, showing off, to feel part of a virtuous movement)? Or are you suggesting they're robots acting purely from instinct?
Surely imagining that anyone does anything without personal motivation is deluded. We're not insects. But just because you have a personal motivation doesn't mean what you do is suspect. I go to work primarily to get money to buy myself stuff. That is not the motivation of the company founder, but that doesn't mean my work is corrupt -- or even that it's of lower quality than the founder's. The fact that I'm there for different reasons doesn't mean we can't work together profitably. What's important is the result of one's work, not the motivation for it.
many of her edits to articles related to the bombing were permanently removed from the database in an attempt to conceal her identity.
AFAIK, the only way to permanently remove edits from the database is if you had some sort of admin privileges. If there is evidence of this happening doesn't this imply a cover up by some one high up at wikipedia?
Computers don't make mistakes. What they do, they do on purpose.
I laughed.
He said, "If Bush wins, I'm going to leave the country and spend the rest of my life in France," and then he did. In hindsight, this guy had great forsight. He missed the Department of Homeland Security, TSA, Freedom Fries and other red neck/Nazi stupidity.
Friends don't help friends install M$ junk.
Good golly, if my country's intelligence services are not monitoring every major web site (plus a lot of obscure minor web sites of which I've never heard), then they're incompetent idiots and I want them all shot, or at least fired.
If they want to contribute true information to Wikipedia out of their own knowledge, well that's nice. If they want to contribute false information to Wikipedia for some obscure reason -- to fox the opposition, I guess, who are clueless newbs who believe anything they read on the 'net -- then that's an annoying waste of my tax dollars, but hardly seems worth raising a fuss over. If the Wikipedia has to rely on the honesty of every last J. Random Web User -- if they can't easily detect a nontrivial campaign of deliberate falsehood -- then they're clearly doomed. Because I can think of many groups other than "intelligence services" who would be very interested in easily spreading disinformation via a trusted source.
Fortunately, web-technologies today provide many interesting ways to organize content, e.g. two different "facts" that, however, cancel each other out, can be shown on the same page without breaking the overall picture too much. They could show the stuff that's "more common" by default, but maybe paint the background of that text passage slightly grey with a small button somewhere, which, when pushed, reveals what other people and groups (or in this case, people with faked backgrounds and intelligent agencies) believe to be true. Using some fancy Ajax or even only DHMTL this could be made very elegant.
On the downside though, that might be a feature begging for to be abused and should maybe only allowed to be added by admins and not be "crowdsourced" because we all know how an article would look like if people could vote for the text passage that's shown by default
She's a graduate from the eighties and she is posting as "SlimVirgin"? Well, there goes her credibility indeed. She could be a nun of course...
"In Wikipedia, appeals to personal authority don't work at all, unlike Britannica, which bases its entire approach on these. They are at either end of these extremes, andf both work to some extent. Being in the middle would like not work at all."
Maybe because a lot of Britannica articles are written by the expert authorities themselves, so an appeal to personal authority wouldn't be out of line. And for those that aren't they do reference (or consult with) the authority just like any academic device would.
Pierre Salinger was kind of a crackpot at this point in his career, so just because he believed somebody was an MI-5 operative doesn't mean much. He was a laughing stock because of all of his conspiracy theories at the time.
Too bad you're using a straw man attack on someone. Just because he's nuts, doesn't mean everything he says is false.
Please help metamoderate.
Unlike many news media and publications, Wikipedia doesn't try to use the identity and authority of contributors to establish credibility. Who cares if someone is working for the MI5 or CIA or whatever as long as they give accurate information and cite verifiable sources?
Ah, of course, Daniel Brandt and Pierre Salinger, the most trusted names when it comes to Internet conspiracy theories. These two have never gotten their facts wrong.
Just how do you permanently delete your edits? I didn't know that was even possible.
"It's the height of ridiculousness to say for those 9 lines you get hundreds of millions."
snowspinner
snow = h2o
2 letters below o is m
2/2 letters above h is i
--> MI
h = 8th letter in the alphabet
o = 15th letter in the alphabet
15-8-2=5
--->MI5
Therefore, Snowspinner is an MI5 agent propagating spin. He/She might also smell funny.
PS. Please don't kill me!
Perhaps it's time to introduce a system of rating of article veracity on basis on levels of evidence which takes into account:
A bit like what's used in medical and other scientific literature where, for example, a meta-analysis of trials rates higher than a single trial and so on, with expert opinion having the lowest rating.
Do it yourself, because no one else will do it yourself. [beta blockade 10-17 Feb]
After all, if someone's relying on Wikipedia as an unimpeachable source (and way too many "netizens"--most of whom should know a helluva lot better, do so) then they do so at their peril.
duh ?
Everyone uses Wikipedia for their own purposes, whether reading or writing. It's the whole point...
you had me at #!
This has to be intelligence squirrels. Who else could it be? We're not safe anymore!
The important revelation here isn't that there are intelligence agents using Wikipedia to spread propaganda -- being open to edit by most anyone means it'll pick up its fair share of people editing in bad faith, ranging from civilian vandals and scumbags to the government's equivalent. The important question here is why the hell did Wikipedia's admins cooperate with her -- protecting her by removing the content -- when she was outed? Everyone likes to argue over the credibility of the information they find on Wikipedia, and this does not help their credibility at all.
Liberty in your lifetime
Did she knowingly lie, or bend a fact? She could be Bin Laden's cloned brother, but did she lie to us all?
Prove it.
Congress should pass a law...
Does that mean that someone with a centcom.mil address didn't edited wikipedia? No of course not. But then again, why shouldn't some soldier edit wikipedia? It's open to everyone.
Now reading your edits, it makes me wonder why you have a bug up your ass about this, because the sections removed had to do with unverifyable assertions, namely that 300-400 people were killed even though bodies weren't found where they were reportedly buried. Since this unverifyable, it should not appear in wikipedia, as per wikipedia standards. If you want it there, verify it. Find those bodies. But just because you want it to be true, doesn't make it so, and doesn't entitle it to be there.
It is interesting thing note that, Josh Rushing, the Marine public relations officer, now works for Al Jazeera English. In the mid-1990s, I got a strange SNMP request from an army intelligence outfit in Quantico, Virginia after reading Australian web sites which discussed possible CIA involvement in overthrowing Australia's government in the 1970's (the Whitlam/Kerr thing). Yeah yeah. The Man thinks you're a grave threat.
Hate to bust bubble, but contrary to what you mom told you, no one gives a shit about you because you're just not special.
You mean, wikipedia is finally starting to gain some intelligence?
This story is demented and broken on so many levels, it is quite difficult to know where to begin, even.
Here we have an excellent Wikipedia administrator who has been victimized by lunatic conspiracy theorists, a private person who has absolutely no relation to the wild stories that this article promulgates.
Slashdot, you have been trolled.
Wikia
Wiki this Wiki that
As long as you can say its not a fact
PS Did I tell you about life everlasting?
All you got to do is never EVER have sex
Not so hard now is it?
Also it turns out Wales works for Mossad. Just FYI.
The reality is that Emad Salem was the FBI's agent provacateur, not just an informant.
He recorded all of his conversations with his FBI handlers, as well as with his "co-conspirators". He eventually recruited an actual terrorist.
Meanwhile, the FBI knew everything about the bomb, and the bomb went off.
Salem was paid $1M ($2M I also read) AFTER the trial.
This was published on the front page of the NYTimes 28 Oct, 1993, the article that WikiPedia barely mentions far down at the bottom. There were follow-up investigations and stories by the Village Voice, the Boston Globe, and the Denver Post. It has been widely discussed on the net.
Today, the memory has vanished from public and media consciousness. I assume the trial record was sealed, otherwise there surely would have been books on the subject.
The story on the OKC bombing was similar: The agent provacateur was a guy named Strassmeier, head of security for the White Aryan Nation, where the various perps hung out. That group was infiltrated by half a dozen informants for various agencies, at least the FBI and ATF. Strassmeier wasn't smart enough to record his handlers, so is in hiding in Germany. No agency ever tried to interview him. The US correspondent for the London Times talked to him, published one article in which Strassmeier was quoted as saying he didn't like all of the things he did. This was also discussed widely on the net, and the McCurren County Gazette had a reporter that dug into it a lot.
It is now faded from public and media consciousness. None of the interesting information was introduce at the trial of Timothy McVeigh, his lawyer was quite annoyed at how he couldn't do it, partly due to McVeigh's wishes and interests.
What country do you think you are living in?
Erm, excuse me, but would you care to define "foreign website"? Is slashdot.org a "foreign" site? 'Cause last time I looked, there were plenty of non-US participants reading and posting on it, although I suppose the server is on US soil and I suspect all the editors are US citizens.
I can think of a Redmond corporation who would be very interested in easily spreading disinformation via a trusted source.
There, fixed that for ya.
There is no right to feel safe thru security vaudeville at the expense of everyone's freedom, privacy and tax money.
http://www.wikimapia.org/#y=38930337&x=-77219886&z =17&l=0&m=h&v=2
Check out the two CIA buildings in the center.
Now check their edit histories...
THIS THING CAN TURN ON A DIME, MACROSSZERO STYLE ALSO FUCK BETA, ~NYORON
Lots of the guys in long-term military careers have actually seen these conflicts. Military careers also run in families, so maybe his dad was there.
You weren't there. How do you know the massacre wasn't being blown way out of proportion by war protesters and enemy propaganda? Diminishing something can be a factual correction.
Wow, some guy who can only get published in some offshore rag alleges a whacked out conspiracy!!!! Stop the presses!!!! It's proof that the consensus based approach of Wikipedia is broken and only the elites should decide what gets published on given subjects.
;-)
The reality is that information wants to be free. You provide a forum, like wikipedia, where it can be, and the truth will rise to the top.
Now, about solving the second part of that problematic moniker "SlimVirgin", call me
In the meantime, I'll be watching the "Penguin's Christmas Caper" extra from "Madagascar", at least the penguins are supposed to be psychotic.
"I like to move it, move it...... MOVE IT!"
The shroud of the dark side has fallen...
Begun the cabal wars have.
Doesn't everybody use Wikipedia for their own purposes?
Experts agree, morons are now in control of choosing stories for the front page of Slashdot.
Details at 11.
What?
Jimmy, you've been looking the other way while your Wikipedia project has been going up in smoke. SlimVirgin/Linda Mack is an unbalanced control freak with an agenda to push. Multiple agendas, really. But to you, she's "an excellent Wikipedia administrator." Pierre Salinger, who only gave her a job, a platform, resources and instant credibility, decided that he couldn't trust this duplicitous bitch. But you think Wikipedia can because -- ? It's because you're a dumb-ass, Jimmy. It's possible that systemic problems with the wiki format will always lead to a wiki becoming crap if it expands too much, but your stewardship has actively advanced destructive forces at Wikipedia. You should've stuck with the porn, Jimmy. Instead, you've made yourself permanently associated with a crap enterprise; Jimmy, you're the Ahab of the Internet.
Also, what is the evidence that Ludwig De Braeckeleer is an international humanitarian law professor? He must be a law professor who doesn't have anything indexed on Google. Or is he the physics professor of the same name? Is this another John Seigenthaler hoax?
That article can't survive basic fact checking.
A Wikipedia editor is identified as Linda Mack, who was allegedly working for the CIA, with no attempt to check the facts to see if they're true. If this is citizen journalism, real journalists don't have to worry.
In fact, it can't answer the quesition, "What's your point?" There is no point to it. Ludwig can't find a page he thought he remembers seeing in Wikipedia, so it must be the Mossad/CIA deleting it?
Ludwig, stick to physics.
... that sig about "landing strips for gay martians, I swear to god" would actually be relevant.
Laws do not persuade just because they threaten. --Seneca
"What can Wikipedia do about those who would use it for their own purposes?"
They should immediately rush off and report it to the Press, for the Press is the unbiased harbinger of truth and will expose all lies!
Or maybe they realise that all public information is potentially biased anyway. And bias is the issue, isn't it? Not *who* wrote it, but *what* they wrote?
Even esteemed reference works can get things wrong. If you can't check something, you don't *know* it.
Except for stuff I write. It's always correct.
I am anarch of all I survey.
...that "MI-5 persecution" guy, a celebrated Usenet-spamming lunatic, is the anonymous user who submitted this article?
--
Toro
As a followup to Jimbo Wales's post I'll set forth some of the reasons why the story is baseless and Slashdot has been trolled.
First, regardless of Dr. De Braeckeleer's credentials, he doesn't know how to read a Wikipedia history file. His piece starts with a complaint that information had vanished, but two or three mouse clicks would have led him to what he wanted in a historical version of the page. http://en.wikipedia.org/w/index.php?title=Operatio n_Entebbe&diff=137747616&oldid=137745019
Then he jumped to a conclusion that something sinister had happened because the page happened to be edit protected when he read it. Here's a historical version of the page as it appeared at press time, along with the notes of both the protecting administrator (who performed a routine action to quell an editing dispute) and me freeing it up for editing immediately after the story ran. http://en.wikipedia.org/w/index.php?title=Operatio n_Entebbe&diff=next&oldid=137748352
I also affirmed at the original story's comment lines that SlimVirgin had never edited the "Operation Entebbe" article. As a sysop I can read deleted edits and nothing has been deleted from that page. The main history file itself is open for viewing for anyone who wants to search for SlimVirgin's username. http://en.wikipedia.org/w/index.php?title=Operatio n_Entebbe&limit=500&action=history
Immediately after I posted those explanations someone came along and said she had edited the "Pan Am Flight 103" article, as if that were relevant to the accessibility of the other article. Okay, she did edit...two full years ago. I've looked up the page with my sysop tools and there are no deleted edits hidden away there. There's nothing sinister in the logs: some edits did get deleted a year ago and fully restored. The Flight 103 article has never even been edit protected. http://en.wikipedia.org/w/index.php?title=Pan_Am_F light_103&offset=20060121160944&limit=500&action=h istory
It's not surprising that SlimVirgin edited that page a bit. She's made over 60,000 total edits and she's among the 50 most prolific contributors to Wikipedia. Common sense ought to say that's a lot more activity than a spy would need to engage in, if the aim was to infiltrate the site. And isn't a basic tenet of espionage to keep a low profile? SlimVirgin tussles on policy issues all the time and has sitebanned quite a few rules-violating editors. That's an effective way for an honest volunteer to collect a small army of offsite trolls, but it's a terrible way for a secret agent to keep a cover. If she actually were a spy and I were her boss, I'd be calling her out on the carpet right now.
Yes, Wikipedia does see some infiltration attempts from the CIA. They dabble in baseball articles and complain that their jobs are boring. Here's a report from Wikinews: http://en.wikinews.org/wiki/United_States_Departme nt_of_Justice_workers_among_government_Wikipedia_v andals
And for a glimpse of how ineffective they are on a subject that really matters to them, have a look at the "Q clearance" article history. A lot of edits resolve to government IP addresses and claim Wikipedia's image of the badge is illegal. htt
All IP addresses available on the history of the page are from Guatemala. A few for example: 217.42.178.41, 81.155.208.218, 81.156.126.138, 217.42.134.88, 128.250.6.243, and more. What it means having so many anonymous from the a single country on that very entry? Maybe those are all proxies for spoofing the real source IP? see at http://en.wikipedia.org/w/index.php?title=Pan_Am_F light_103_bombing_trial&limit=500&action=history
The Jimmy Wales talk I was refering to is summarized here but to get the Q&A session you'll need to listen to it.
Here's a quotation from the summary:
The last sentence in the article is "What can Wikipedia do about those who would use it for their own purposes?"" What can the media do about those who would use it for their own purposes?
Don't more Americans get their news from Fox News than from Wikipedia? My god, if Fox News turned out to be a shill for government policies, imagine what might happen!
Linda,
How is your brother Jimmy doing?
And when is he coming back?
Tell him "I'm not getting any stronger, I can't hold out very much longer"
Well, what says Wikipedia about it?
What's in a sig?
Pierre Salinger, in his final years, spent his time chasing conspiracy theories. He downloaded emails that circulated on the internet as proof. So you have an article that cites no sources and quotes a deceased journalist who didn't need sources as the basis of this discussion? As bad as mainstream media can be, they do require something more than a dead person's gut feeling before reporting something.
9 28-2004Oct16.html
http://www.cnn.com/US/9611/09/twa.salinger/
http://www.washingtonpost.com/wp-dyn/articles/A38
One problem is that interest groups seek to manipulate the presentation of data (or suppress it entirely). For example, a Gracenote rep was allowed to essentially end the edit war on the company's entry by removing everything even vaguely negative about the company. He even objected to anyone pointing out that users of CDDB had donated the data without compensation. In the end, it was his edits that stuck and a person who looked up Gracenote to see what all the controversy had been about will see nothing of use on the Wikipedia entry.
Make cheese not war 8:)
http://en.wikipedia.org/w/index.php?title=Wikipedi a:Requests_for_arbitration&diff=next&oldid=5319613 6#Arbitrators.27_opinion_on_hearing_this_matter_.2 80.2F2.2F0.2F0.29
What do you guys think that the CIA and MI5 and other secret agencies around the world are charged to do? Yes, they do exist, and yes they are supposed to do things. They gather intelligence, whilst at the same time trying to stop other agents around the world, and the general public, from finding out the truth. Of course they are involved in Wikipedia. Anyone who thought that they weren't is somewhat naive. And a lot of them are pretty obvious too. SlimVirgin regularly deletes comments unread from her user talk page, as well as article pages, is constantly deleting "offensive" material from articles all over Wikipedia, is forever complaining about people for "indulging in Wikistalking" or anything related to finding out what is really going on, then makes vague references to it without any real proof. She is the reason that the Oversight command was created. Her edits to Lockerbie bombing and to Salinger's articles (her first ever edits on Wikipedia) were some of the first ever uses of the Oversight command - to hide her identity (luckily a few people like myself had saved these edits before she did this). What more has she done? It shouldn't come as any surprise whatsoever that SlimVirgin is a secret agent. She acts in the exact way that a secret agent should operate. And either Jimbo is very naive, or else he is willing to do his bit for his country. Perhaps indeed, SlimVirgin is a member of MIB. "We are the best kept secret in the galaxy. We monitor, licence and police all alien activity on the Earth. We're your first, last, and only line of defense. We live in secret, we exsist in shadow. And we dress in black." [http://www.imdb.com/title/tt0119654/quotes]
I've had as many nasty disputes with SlimVirgin as the next guy, but seriously. I've seen better drivel on Wikipedia. This ridiculous article amounts to nothing more than a hit piece without a modicum of actual journalism to it.
There may be enough evidence to say that SlimVirgin is the person whom the article claims her to be. There may be enough evidence to suggest that she has some serious conflicts of interest on Wikipedia. There is not enough evidence to suggest that she is an "intelligence agent" of any sort, and to suggest that there is amounts to nothing more than conspiracy theorizing. I've seen much more believable conspiracy theories put out by the GNAA.
Okay. You need something to argue about. http://discuss.pcmag.com/forums/thread/1004382426. aspx
Macs are better than PCs!!
PCs are better than Macs!!
And anyone who disagrees is [fill in the f'in blank]
--Glenn
oregonnerd...a nerd in Oregon, of course
ADL deals with content control; AIPAC has its hands full with Congress control.
She is very aggressive in preserving her point of view, but a lot of what she vigorously pushed was pro-animal rights terrorism.
http://wikipediareview.com/index.php?s=fe0aed1f75c 97449f83f7c37d4a85e37&showtopic=10991&view=findpos t&p=39104
I doubt that Linda Mack is currently working directly for any intelligence agencies. They might use her, as needed, but she's too screwy for any reasonable organization to rely on her. Nor is SlimVirgin's real identity an indication of any wrongdoing on Wikipedia. SlimVirgin's wrongdoing on Wikipedia is in her abuse of Admin authority, her thoroughly uncivil behavior, and her use of these transgressions in controlling content. That she is in fact discredited former journalist Linda Mack only adds some background to her misbehavior, as well as dispelling the cloak of anonymity behind which she has operated.
That Jimbo Wales has overlooked the many, many complaints about SlimVirgin and others is probably due to him pursuing his own secret agenda: figuring out how to get some coin out of the contraption that is Wikipedia. Had he really believed in the hippy-ish notions of free information that he so often parrots (notions probably contrary to his self-professed following of Ayn Rand's sophistry), he would likely have been very alarmed at suggestions that his "encyclopedia" was being manipulated to promote outside agendas; instead, he apparently was more worried about collecting receipts somehow after the early idea of selling advertising on Wikipedia was shot down by editors. Sadly, when Wikipedia could have used a principled leader, it instead had a human cash register.
This is not "a new low" at all: Slashdot has done a great service. What is happening is a set of interrelated cover-ups have persisted due to the ability of some folks to hijack the public discourse. The Slashdot community has stumbled upon trace evidence of that, and now will be badgered, bullied, and clogged in an effort to keep you folks from putting the pieces together. That's how it works when they see that the wig is beginning to slip.
It is far too long a story to tell here, so I will just plant signposts for those interested:
1) There is a massive hedge fund scandal ("naked short selling") boiling to the surface of our capital markets. Since it is terribly pernicious for entrepreneurs it should be of special interest to the tech community, but so far you nerds have not tuned into it that I can tell. Some mainstream financial publications have begun exposing it. Bloomberg Television (the most "elite" news service in the country) recently did a shocking 25 minute Special Report on it, and articles have been appearing this year in Forbes and Bloomberg magazine:
http://images.overstock.com/f/102/3117/8h/www.ov erstock.com/07-0313Bloom_PhantomShares_NSS.wmv .
http://images.overstock.com/f/102/3117/8h/www.ov erstock.com/06-09BloomMarket_NSS.pdf]Bloomberg Magazine
http://members.forbes.com/forbes/2007/0212/068.h tml]Forbes.
2) The guilty parties in the aforementioned crime are hedge funds with essentially bottomless purses, and through means once may only surmise, they have hijacked the mainstream media's discourse. Even though some serious economists and scholars began publishing data suggesting a financial crime of epic proportions might be occuring in our capital markets, of such scale that the SEC has quietly aknowledged that it could lead to "a massive meltdown in certain default scenarious" (SEC Commissioner Atkins), no financial publication would touch the issue. That is because the hedge fund beat is covered by a small number of reporters who have grown extremely close to the half-dozen hedge funds that are actually committing the crime ("The Wall Street Journal" is to Wall Street as "Sports Illustrated" is to sports). Anyone who tried to raise it to the awareness of the public was dismissed as a whacky conspiracy theorist, or a malcontent CEO (that would be I), without any attempt to grapple with the data whatsoever. (However, since Bloomberg and Forbes came out with their pieces, the Wall Street Journal has been forced into some good but rather anodyne coverage of the subject.)
3) Social media presents and expecially thorny issue for the bad guys. There exists a huge set of data points which, when put together, create a vivid picture of the crime. They can keep their compliant half-dozen reporters from putting those pieces together, and they can keep their captured regulator (the SEC) from putting them together, but how do they prevent the swarm of participants in social meda from putting their individual piecs of the puzzle together? They have two strategies: they clog message boards, and they hijack Wikipedia (one of the central crossroads of social media).
Wikipedia is fine, of course, if one wants to know the name of every actor who guest starred on "Friends," but on a small number of subjects none of the normal rules of Wikipedia apply because a tight group of super-users suspend all the normal rules of settling disputes. As a matter of fact, on these select subjects even the record of contrary opinions is disappeared down an Orwellian memory hole. Links to articles and exposés that appear in major, mainstream publications are not allowed to appear, thus curtailing the ability of the public to accumulate knowledge.
At the the crossroads of all this hijacking of the discourse is one user: Linda Mack, a.k.a. "SlimVirgin." And first and foremost of the subjects for which the normal rules of Wikipedian discourse are hijacked is the financial scandal that I referred to a
Oh Patrick. What a sad attention seeker you are! You don't know "Linda Mack" from a cabbage, but you never miss an opportunity to push your issue.
Sorry dude, wrong on that one. Read the story.
Well, I'm sorry all of you that actually put an honest effort into working on W.P. I'm just a user but with all of the problems I won't be using W.P. and talk any of my clients and friends into using it until the head admin actually does his job and not ignore anything...
Patrick, Patrick. On the 31st you report your, what is it? fifteenth? fiftyith? five hundredth? consecutive quarterly loss. You're Director of Communications was nailed by the media for running an astroturf site smearing your enemies. You're under SEC investigation for your mismanagement of the company, for lying to investors, and for shifting blame for your incompetence to the "naked shorting" boogyman. Give it a rest.
http://lists.wikimedia.org/pipermail/wikien-l/2007 -July/078241.html
7 -July/078242.html
Or this?
http://lists.wikimedia.org/pipermail/wikien-l/200
Let me see if I can use the same logical form:
A. Superman is weakened by kryptonite.
B. Kryptonite is green.
C. Lex Luther's favorite color is red.
Therefore, it is "highly doubtful" that Lex Luther is responsible for Superman being poisoned by kryptonite.
How did I do?
Patrick, your problem is not that "Wikipedia is infiltrated by Intelligence Agents" but that your company is not infiltrated by competent management.
Dear Anonymous Coward, You should be old enough to know that just repeating something a lot will not make it so. By "nailed by the media" I suppose you mean that the same few journalists whom we are accusing of being in cahoots with the hedge funds and their shills wrote stories "exposing".... precisely what Judd was disclosing on the home page of his site. Yes, quite a scoopo, that. Returning the the real world for the moment, Judd has done a laudable job of unveiling how a tightly-organized group of shills works to hijack the discourse on a narrow band of subjects. And then when anyone starts to put together how they are doing that, they show up to hijack THAT discourse. "Turtles all the way down..." Alas, it appears some folks at Slashdot have noticed the wig slipping in their corner of the world, and so we'll see how well those techniques work against them. My guess is, not very well. Your claims about the SEC are pretty off-base, but I am sure you know that. "Shifting blame" is just another page out of the shill handbook (it seems folks notice that as often as you folks make that claim, you never do anything so crass as to give an example, in quotes). Here's a question: if we start making money, will that make me RIGHT about naked short selling and the threat it poses to our country? Since I cannot find anything of substance in your message to which to reply, beyond what I have written above, I'll sign out. Patrick
I am an adminstrator and have contacted SlimVirgin personally on a number of occasions. I can safely say that she is NOT part of any cabal or an spy network. Sheesh.
What sort of stupid story is this? I can't believe Slashdot was so stupid to publish it.
XML is like violence. If it doesn't solve the problem, use more.
Bull!
Judd Bagley ran his website anonymously until he was outed by the media by the story in the New York Post that ran on Jan. 2, s007. http://www.nypost.com/seven/01022007/business/over stock_com_lashes_out_at_critics_on_web_business_ro ddy_boyd.htm
He put his name on the site a week later.
No wonder the SEC is investigating your butt. You lied about that too. It is in your filings that you and your company are both under SEC investigation for your running your company into the ground.
You have no credibility on any subject and nobody should believe a word that you say.
Did anyone bother to actually look at the edit logs in question? I did. SlimVirgin's only edit to the article since March (where I gave up looking) was to rv obvious bogus information. There's nothing else.
/. regular reading the reason for this will laugh out loud at the complete stupidity of the claim. Everything else is third person friend-of-a-friend, with a single exception of someone that knew Mack in the 1980s but admits that he has no evidence the two people are the same.
The article linked from this Slashdot post is nothing more than a blog entry. It claims all sorts of conspiracy theories, and then further states that these were removed from the Operation Entebbe article on the wiki, implying it was by SlimVirgin. Well anyone can click "history", and when you do you'll notice Slim hasn't make a single edit to the page going back as far as 2005, which is when I stopped bothering to look.
Then I went to the discussion page. The entire issue of the material in question is spelled out in complete detail there. The discussion is well balanced, and after reading it over I couldn't agree more: it should be removed because it's basically a bogus conspiracy theory. SlimVirgin DID make an edit to the talk page, in February, to remove a claim that Idi Amin was an Israeli puppet. That's her only edit.
This entire claim is completely and utterly bogus. Didn't anyone bother to check this before spreading it around the internet? I guess not, let's not let reality get in the way of a good bashing.
So then I continued on, and read the articles that claim that SlimVirgin is Linda Mack. What a completely load of hooey. To start with they claim that Slim is very good at "covering her tracks", but any
Again, this is all a complete load of crap. And I've had dealings with Slim and hated it. It's not like I'd stick up for her under normal circumstances, but I'd like to hope that if the situation were reversed there'd be someone out there who would stick up for me.
Maury
This entire item is built on the "suspicions" of a sad has-been, Pierre Salinger, whose final years were tarnished by his pursuit of conspiracy theories. I'm surprised that Slashdot would run an item based on what is essentially rumormongering and innuendo.
Lise/Durova is writing on Wikipedia to DENY, DENY, DENY, here:
Durova - Lise Diane Broer - is a Liar
Why does Lise care? Because both Slimvirgin and Durova (Linda Mack and Lise Diane Broer) broke a deal they made with Daniel Brandt. They were to take down his article (that he'd been trying to get down for two years, that Slimvirgin/Linda wrote), and he would hide their names on his site, and wikipediareview.com redacted them. Brandt's site didnt go down, really, and their names went back up. So Slimvirgin and Durova are in this together.
One of Lise's favorite thing to do is to talk about how the U.S. government edited Wikpedia. When she does that, you know she's hiding something.
Durova - Lise is as mean as they come-
Lise is a very nasty person. She has a page up on Encyclopedia Dramatica http://www.encyclopediadramatica.com/Durova/, which details what kind of abuses shes done. Slim has a page up on Wikitruth.
Lise is a consummate liar, and like one of the other responders on this thread said, she's not a good liar, but she has the cool dispassion down to an art, and it fools a lot of people. Don't let her fool you.
Coward, One cannot be "outed" for something about which is ethically just and which one is open. Just like all these stories last week treating as some grand expose the fact tht I post on the Internet, when in fact I identify myself widely when I do. It is just the Big Lie: rant about it loudly, you think, and hope no one checks the facts. Now as far as credibility goes... Let's see: I came out two years ago telling the world that our markets were hopelelssly rigged, that a group of hedge funds had some bozo reporters doing their shilling, and that our clearing and settlement systemw as largely broken, that small companies were being destroyed by it, etc. Have you noticed that Jim Cramer himself has come out and confessed to taking part in the first (right down to the "bozo reorters" he mentioned), and now the SEC, including Christopher Cox, has come out confirming the second? What was that you were saying abotu "credibility"? I cannot go into a bar in New York without people sending me a drink to thank me (even the bartenders). Everyone gets it. You cannot stop that by inane blather posted in an attempt to keep the realization from crystallizing for all. The markets are deeply rigged, the rigging is protected by a bunch of tired hacks in the public press, they are the ones who have been "exposed," and now they are trying to smoke it all up to make it hard for the averag viewer to follow. www.businessjive.com Patrick Byrne
So you lied when you denied that your man Bagley was running an anonymous astroturf site until he was outed, and you lied when you denied that the SEC is investigating your ass.
Every time someone looks closely at anything you say, it turns out to be a lie.
Lies, lies and more lies. Don't you ever get tired of lying?
It shouldn't surprise you that most mainstream media outlets are ignoring the bogus "naked short selling" story. The data overwhelmingly demonstrate that "naked short selling" complaints have never been anything more than a distraction used by crooked promoters and inept managers to dump over-hyped shares on gullible, naive investors.
Mr. Byrne have you shared your datapoints with the FBI? This sounds serious.
Check it out:
Overstock.com Celebrates Receipt of SEC Subpoena
SALT LAKE CITY, May 9, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Overstock.com(R) (Nasdaq: OSTK) announced that today it received a subpoena from the Securities and Exchange Commission concerning issues and requesting information outlined below.
Overstock.com Chairman and CEO Patrick Byrne said, "I may be the first CEO in history to celebrate receiving an SEC subpoena. Some of the requests suggest the whispering of the blackguards, but I remain unconcerned about their hokum. In truth, I am gratified to see that the SEC is looking into the issues about which I have been speaking: I believe our capital markets are broken in a deep way, our system of corporate voting and governance is a hoax, the savings of Americans are being drained through our financial system's fissure of unsettled trades, and the system appears to be cracking around Overstock.com (of course, I could be proved wrong if they would force the settlement of, or even reveal the size of, all unsettled trades in OSTK, which I believe number from 7 to 30 million shares). While some of the miscreants file frivolous delaying motions, and others schmooze with hedge funds and write what they are told to write (yet call themselves 'journalists' to shield their perfidy behind the First Amendment), I on the other hand applaud the SEC's actions and eagerly anticipate my chance to get these issues into court."
The subpoena requests a broad range of documents, including, all documents relating to the Company's accounting policies, targets, projections, estimates, recent restatement, new technology systems and their implementation, and communications with and regarding analysts. In addition, the subpoena requests all information relating to the filing of its complaint against Gradient Analytics, Inc., communications regarding shareholders who did not receive the Company's proxy statement in April 2006, communications with shareholders, and communications regarding short selling, naked short selling, purchases and sales of Company stock, obtaining paper certificates, and stock loan or borrow of Company shares. The Company intends to review the subpoena and respond in due course.
http://investors.overstock.com/phoenix.zhtml?c=131 091&p=irol-newsArticle&ID=858248&highlight=
When I put that out, the shills made a big fuss about a CEO "celebrating" such with the SEC. A year later (this June) the Party Line they were instructed to parrot shifted, and now they were supposed to pretend I hid it. Which is pretty hard, given the existence of that press release from last year, but they manage just by repeating it over and over, as you have done.
You guys just fabricate new allegations like that, over and over, without ever putting up: you folks, on the other hand, have been unmasked time and again, and so just create new sock puppets when you do.
Patrick
You mean, like, the way we fabricated that $100 million you blew awayast year? Or the way we've fabricated your contracting revenues? Or is it the way we fabricated the truth about your working capital situation back in early 2006? (Ooops... that was you who was much less than honest about your ongoing need for capital last year.) Really, dude, who's the guilty party when it comes to relying on a Chewbacca Defense and telling Big Lies over and over again?
The Party Line that Jimmy so ably parroted (that this is just some fringe issue, pay no attention to the man behind the curtain) is now wearing a little thin, given the people who are now confirming what we have been trying to expose: SEC Chairman Chris Cox (July, 2006): "abusive naked short sales...can be used as a tool to drive down a company's stock price to the detriment of all of its investors. The Commission is particularly concerned about persistent failures to deliver in the market for some securities that may be due to loopholes in the Commission's Regulation SHO... The need for Regulation SHO grew out of long-standing and growing problems with failures to deliver stock by the end of the standard three day settlement period for trades..... Selling short without having stock available for delivery, and intentionally failing to deliver stock within the standard three-day settlement period, is market manipulation that is clearly violative of the federal securities laws."
As Bloomberg Markets' Bob Drummond reported: "A robust market for stock loans puts into circulation billions of borrowed shares that can create multiple votes that corrupt corporate elections." As a result, "In close contests with little room for error, the results of high-stakes company decisions may hinge on the invisible influence of millions of votes that shouldn't be counted." According to Thomas Montrone, CEO of Registrar & Transfer Co., "It is an abomination... A lot of the time we have no idea who's entitled to vote and who isn't. It's nothing short of criminal." Another securities consultant notes, "There are votes cast twice on almost every matter of substance... It definitely can and does, in my experience, affect the outcome of corporate elections and proposals." How big is the problem? Bloomberg wrote that the "Securities Transfer Association, a trade group for stock transfer agents, reviewed 341 shareholder votes in corporate contests in 2005. It found evidence of overvoting--the submission of too many ballots--in all 341 cases." Arbitrageurs are exploiting this crack, suggests Drummond: one of his sources notes, "It appears to be the case where there are opportunities to game the system." Bloomberg concluded that until these problems are fixed, "double and triple voting on one share will continue to make a mockery of shareholder democracy."
Dr. Robert Shapiro, former Undersecretary of Commerce for Economics, has written, "There is considerable evidence that market manipulation through the use of naked short sales has been much more common than almost anyone has suspected, and certainly more widespread than most investors believe." His research into death-spiral converts (a type of financing often accompanied by naked shorting) turned up at least 200 companies that appear to have been more or less destroyed, posting "a combined market loss of more than $105 billion." A 2006 Freedom of Information Act (FOIA) response from the SEC regarding the 2004 FTD's of one national market company revealed days where over 40% of the volume did not deliver. A grim view is suggested by subsequent FOIA responses, records from transfer agents, and the persistence of firms on the SEC's Reg SHO threshold list. Concerning the general topic of "massive naked short sales" Dr. Shapiro writes, "this type of stock manipulation has occurred in many hundreds and perhaps thousands of cases over the last decade... Illicit short sales on such a scale or anything approaching it point to grave inadequacies in the current regulatory regime."
Bradley Abelow, a former DTCC director questioned under oath for confirmation as New Jersey Treasurer, described failures within our settlement system as "occur[ing] as a matter of course with great regularity," adding "fails to deliver of securities is endemic." A paper by SEC eco
Don't take my word for it. Do some digging on your own. Find a company where management or promoters have been vocal about "naked short selling". Overstock.com, for that matter, isn't a bad place to start. Go to the EDGAR site and download their 10-K's and 10-Q's. Then read them. Without exception you will find company after company that has been pounded into the ground by inept or crooked managements. But never will you find a company that's been harmed by "naked short selling". Because that claim is, and always has been, nothing more than a ruse.
But Patrick, you lie so much about the most basic things. You've only once had a profitable quarter as CEO. You are on all the lists of "Worst CEO" that are maintained by respected members of the financial press. Why should we believe the wild accusations of a man who lies the way you do?
Do you really think people are so stupid that they won't catch you in your lies?
Do NOT click on "Writerjudd's" links! He is notorious for planting spyware. He has boasted about it.
To Patrick Byrne (CEO of Overstock.com), self-proclaimed humble servant and self-proclaimed transparent CEO:
You wrote:
"When I put that out, the shills made a big fuss about a CEO "celebrating" such with the SEC. A year later (this June) the Party Line they were instructed to parrot shifted, and now they were supposed to pretend I hid it."
On May 9, 2006, Overstock.com's 8-K stated:
"On May 9, 2006 the Company issued a press release regarding its receipt of a subpoena from the Securities and Exchange Commission, Salt Lake City District Office."
You had not yet received your separate SEC subpoena.
Your press release stated:
"Overstock.com Chairman and CEO Patrick Byrne said, 'I may be the first CEO in history to celebrate receiving an SEC subpoena.'"
Afterwards, other filings by Overstock.com with the Securities and Exchange Commission fail to mention your separate SEC subpoena until the 10-Q is issued on May 9, 2007.
Overstock.com's 10-Q stated:
"On May 9, 2006 the Company received a notice of an investigation and subpoena from the Securities and Exchange Commission, Salt Lake City District Office. On May 17, 2006, Patrick Byrne also received a subpoena from the Securities and Exchange Commission, Salt Lake City District Office."
Questions:
Why did you wait almost an entire year to disclose your separate SEC subpoena (received on May 17, 2006)?
Why didn't Overstock.com disclose your separate SEC subpoena (received on May 17, 2006) an earlier date?
When did each Audit Committee member individually learn about your separate SEC subpoena (received on May 17, 2006)?
When did personnel at PriceWaterhouseCoopers learn about your separate SEC subpoena (received on May 17, 2006)?
When did you first discuss your separate SEC subpoena (received on May 17, 2006) with Overstock.com General Counsel Jonathan Johnson?
Respectfully,
Sam E. Antar (former Crazy Eddie CFO & convicted felon)
To Patrick Byrne:
n =2964&pt=msg&mid=1084880
I read Judd Bagley's posts on AntiSocialMedia.net (referenced above by you).
Veni, Vidi, Wiki? (dated 09/25/06) says:
"Please note that what follows is my recounting of a story very recently related to me by the subject, Patrick Byrne, with his permission. I invite Mr. Byrne to follow up with any corrections or clarifications that may be warranted."
A Peek into the Mind of Wikipedia's SlimVirgin (dated 09/27/06) says:
"EDITOR'S NOTE: As I feared, my recollection of Overstock.com CEO Patrick Byrne's past experiences with Linda Mack (aka SlimVirgin) did not get it quite right.
Byrne recently emailed me a fuller, written version of the story which I intended to add as a comment on the original post; however, due to its length (and quality), I've opted instead to publish it here.
After reading Byrne's account, all I can say is: my version really sucked and you owe it to yourself to read what follows, in its entirety."
Question:
Did you lie when you stated on 12/31/06 on InvestorVillage that:
"I am not behind antisocialmedia.com, offer it no support, it has nothing to do with overstock. Technically, I do not "know" who out there is behind it (the person who is behind it has made an effort to shield me from that knowledge), though admittedly, I have a very good idea."
Link here: http://www.investorvillage.com/smbd.asp?mb=3532&m
Respectfully,
Sam E. Antar (former Crazy Eddie CFO & convicted felon)
Hi Sam, Since you continue to use English in an odd and idiosyncratic way, I'll need you to clear up something you said, and then I will be able to answer you in short order. You correctly state that on May 9, 2006, I issued a press release that included this quote: "Overstock.com Chairman and CEO Patrick Byrne said, 'I may be the first CEO in history to celebrate receiving an SEC subpoena.'" Now Sam, when I issued that, was the assertion I was making true or false? Set aside whether other CEO's before me had celebrated or not: was the assertion that I had received an SEC subpoena true or false? Let me know your answer, then I can clear up your confusion in about 25 words. Patrick
SEC Chairman Chris Cox (July, 2006): "abusive naked short sales...can be used as a tool to drive down a company's stock price to the detriment of all of its investors. The Commission is particularly concerned about persistent failures to deliver in the market for some securities that may be due to loopholes in the Commission's Regulation SHO... The need for Regulation SHO grew out of long-standing and growing problems with failures to deliver stock by the end of the standard three day settlement period for trades..... Selling short without having stock available for delivery, and intentionally failing to deliver stock within the standard three-day settlement period, is market manipulation that is clearly violative of the federal securities laws."
Dr. Robert Shapiro, former Undersecretary of Commerce for Economics: "There is considerable evidence that market manipulation through the use of naked short sales has been much more common than almost anyone has suspected, and certainly more widespread than most investors believe." "This type of stock manipulation has occurred in many hundreds and perhaps thousands of cases over the last decade... Illicit short sales on such a scale or anything approaching it point to grave inadequacies in the current regulatory regime."
Bradley Abelow, a former DTCC director: FTD's "occur as a matter of course with great regularity," adding "fails to deliver of securities is endemic."
SEC economist Leslie Boni described the FTD problem as "pervasive," calculated the average persistency of failures as 56 trading days, and showed that the ailures are intentional (as their distribution is highly non-random).
SEC website: "The grandfathering provisions of Regulation SHO were adopted because the Commission was concerned about creating volatility where there were large pre-existing open positions" (those are the same "large pre-existing open positions" whose existence they were denying only a year previously).
SEC Commissioner PAUL ATKINS: "Other recent rulemakings by the SEC can be neatly described by a single four-letter word that is the source of many nightmares for securities operations professionals. That word is 'fail.' Fail is an especially appropriate word to describe the substance of one of these rulemakings and the process and theory of the others. The first rule making is the pending proposal to amend Regulation SHO. And this relates to the noun form of the word 'fail', as in 'fail to deliver.' ... The need to act was clear. From all the reports, the backlog of unconfirmed trades, which, of course, essentially are fails, and the widespread and unchecked use of innovations in the credit derivatives markets had crippled risk management efforts and set the stage, really, for a massive meltdown in certain defaults scenarios."
Bloomberg Markets' Bob Drummond: "A robust market for stock loans puts into circulation billions of borrowed shares that can create multiple votes that corrupt corporate elections." As a result, "In close contests with little room for error, the results of high-stakes company decisions may hinge on the invisible influence of millions of votes that shouldn't be counted." According to Thomas Montrone, CEO of Registrar & Transfer Co., "It is an abomination... A lot of the time we have no idea who's entitled to vote and who isn't. It's nothing short of criminal." Another securities consultant notes, "There are votes cast twice on almost every matter of substance... It definitely can and does, in my experience, affect the outcome of corporate elections and proposals." "Securities Transfer Association, a trade group for stock transfer agents, reviewed 341 shareholder vote
Patrick
American Stock Exchange News Release
Exchange Release
Media Contact: Mary Chung
American Stock Exchange
212-306-1641/ mary.chung@amex.com
AMERICAN STOCK EXCHANGE ANNOUNCES TWO DISCIPLINARY ACTIONS FOR VIOLATIONS OF REGULATION SHO SHORT SALE RULES
NEW YORK, July 31, 2007 - The American Stock Exchange® (Amex®) today announced two final disciplinary actions for violations of Securities and Exchange Commission (SEC) Regulation SHO short sale rules in connection with trading activity in threshold securities, which occurred on various options and equity exchanges. In the first action, Scott H. Arenstein and his firm SBA Trading, agreed to a fine of $3.6 million, disgorgement of $1.4 million in trading profits, a censure and a five-year suspension from Amex membership in any capacity, including employment or association with an Amex member or member organization during such period. In the second action, Brian A. Arenstein and his firm ALA Trading, LLC agreed to a fine of $1.2 million, disgorgement of $1.8 million in trading profits, a censure and a five-year suspension from Amex membership in any capacity, including employment or association with an Amex member or member organization during such period.
SEC Regulation SHO generally requires market participants to locate shares to borrow prior to effecting a short sale transaction. However, options market makers receive a limited exemption from this requirement when selling an underlying equity security short to hedge options positions established during the course of bona fide options market making activity.
Despite the fact that neither respondent was acting as a bona fide options market maker in the particular securities in question, each of them improperly utilized this market maker exemption to impermissibly engage in naked short selling by failing to locate securities to borrow and then engaged in a series of close out transactions designed to circumvent his Regulation SHO delivery obligations in such securities by creating the appearance of a bona fide repurchase of the securities he initially sold short. As a result of this violative trading activity, they were able to maintain impermissible naked short positions in a number of Regulation SHO threshold securities for a virtually unlimited period of time.
"Regulation SHO is a critically important framework of regulatory requirements designed to prevent and deter abusive short selling and reduce persistent fails to deliver. The respondents' circumvention of these requirements was egregious and improperly contributed to persistent fails to deliver in certain Regulation SHO threshold securities," said Claudia Crowley, Senior Vice President and Chief Regulatory Officer of the Amex. "This settlement should send a strong message to other market participants that trading which involves the improper use of the Regulation SHO market maker locate exemption and circumvention of the requisite delivery obligations are unacceptable and will result in serious sanctions."
Scott H. Arenstein, SBA Trading, Brian A. Arenstein and ALA Trading consented to findings that they violated SEC Rule 203, Article V, Sections 4(h) and (i) of the Amex Constitution and Amex Rule 958 - ANTE. In settling these matters the respondents neither admitted nor denied the charges.
This violative activity was detected and investigated by the Financial Industry Regulatory Authority (FINRA), formerly the NASD, acting on behalf of the Amex's Regulatory Division.
The Decisions and related Stipulations of Facts and Consent to Penalty can be viewed at the following link:
http://www.amex.com/?href=/atamex/regulation/dis cipline/at_regdiscipline.html
Someday, I hope, the tech community of Slashdot is going to get that until this problem is corrected, they are just energy-pods powering a Matrix, kept docile with dreams generate
I have never said that "naked short selling" doesn't occur. I know it occurs as I'm a naked short seller myself. What I have said, repeatedly, is that "naked short selling", despite the claims made by crooked promoters and inept managements, does not harm corporations or investors. It is the lie that "naked short selling" has harmed anyone that draws me into this conversation. What I have also said is that the "naked short seller" excuse has repeatedly been used as a diversion by crooked promoters and inept management to get gullible, naive investors to buy and hold their over-hyped shares. It is here where the data completely backs that assertion. If you take the time to locate and read the 10-K's and the 10-Q's filed by these so-called "victims", you find the same thing over and over: companies whose managements have thrown their shareholders into a meat-grinder. This is not just some "party line". This is basic, fundamental financial analysis that, sadly, too many investors ignore. Because if they'd take the time to do even a cursory review of these "victims", they'd recognize what a farce your sham movement is.
At its very core, the financial media's job is to question valuations. When the media first began looking at Overstock.com, there was no personal vendetta. There were simply asking the question, "Does this company's performance merit it's current market cap?"
For as long as I can remember, the answer to that question has always been "no".
I know that's not an answer you like to hear, but even the most primitive of analysts recognized Overstock.com as a capital sink.
Now to your credit, the focus on your fulfillment segment is the right place to be. (Took ya long enough to figure that out.) And your efforts to cut overhead have not gone unnoticed by me.
Even with these token improvements, no reasonable person with any kind of a financial background would look at your outfit and say, with a straight face, "It's worth over 400 million."
If your stock is still over-valued, and it is, then neither Overstock.com nor her investors have been harmed by "naked short sellers".
More of the "Because I Said So" School of Argument. Unsubstantiated assertion piled on top of unsubstantiated assertion piled on top of questions begged. I've seen the routine before: Someone says that breaking the law by naked shorting is bad, the shills reply "But this company sucks," someone makes the mistake of suggesting that maybe the company doesn't suck, then the shills reply that it does, round and round. All the economic analysis is on my side: SEC Economist Boni says it is "endemic," former Undersectrary of Commerce for Economics Dr. Robert Shapiro describes it as disastrous, Professors Finnerty etc. all confirm this, and the SEC itself says on their website that they had to grandfather it lest cleaning up the mess create too much volatility (pretty hard to explain in the case of something that allegedly has no effect). But how about we skip all that and start at the basics: it is "illegal." It has been illegal for 70 years. SEC Chairman Cox says it is illegal. What part of "illegal" is so difficult to grasp? And, of peculiar interest to this thread: why is it that Wikipedia will not permit to appear on its site any information from exposing this situation, even in the form of links to reputable news articles at Bloomberg, Fortune, WSJ, speeches by Senators, statements by SEC Commissioners, etc? Why are all such links disappeared down an Orwellian Memory Hole on Wikipedia? If some enterprising reporter digs into that, and discovers who it is that connects Linda, Gary, and Jimbo Wales, along with Rocker, Cramer, and Herb..... that will become the stuff of legend.
Patrick
Where did you ever get the idea that naked short selling is illegal?
There are no laws against naked short selling. It is a procedural violation if performed within the confines of an institution subject to the rules and regs of most of this country's SRO's, but when performed away from SRO member firms, there are no prohibitions.
As for where the actual harm takes place with these companies that pummel their shareholders into the ground, it's not merely my saying so. The filings themselves tell the whole story. Care to take a stroll through some financials?
I'll even let you choose the company. Who's made the most noise about "naked short selling"? Jag Media? Sedona? Novastar? Viragen?
Overstock.com?
You name me a company where managers or promoters have tried to divert attention away from fundamentals with the "naked short seller" excuse and I'll show you a company that's been clobbered by her own management.
Maybe from the whacky guy who runs the SEC, Chris Cox: "Selling short without having stock available for delivery, and intentionally failing to deliver stock within the standard three-day settlement period, is market manipulation that is clearly violative of the federal securities laws."
Let us start with something simple and work up, Jim: What does "is clearly violative of the federal securities laws" mean to you?
It means to me that Cox, who is first and foremost a politician and not a finance person, isn't completely aware of the applicability of the rules and regs of his own organization. (Not exactly a first.)
We find that from time to time in the securities industry. Ever hear of Ralph Lambiase?
The guy's the director of the division of securities of Connecticut... and he can't find his a$$ with both hands. Made a huge fuss over "naked short selling" though. Got his head handed to him when he invested in a couple of pump'n'dump ventures. (Neither of them, to my knowledge, happened to be Overstock.com.) Get this, the goofball actually said, at a round-table, that his getting hammered by those pump'n'dump scams was why he was a regulator instead of an investor.
Well, that's Connecticut for you. But seriously, as for Cox? You can get a politician to say anything. Look no further than your Senator Bennett, the clown who made a fuss over Global Links (blatant scam). Just because some dweeb says something stupid doesn't mean it's true.
Because IF it were true that naked short selling was illegal, YOU would be able to cite that portion of the U.S.C. that says so.
But there is no such code... because it's not illegal.
So... ready for a stroll through Overstock.com's last 10-Q, Skippy?
To Patrick Byrne:
Do you seriously expect anyone to believe that your press release issued on May 9, 2006 was responding to a personal SEC subpoena that you later received on May 17, 2006?
Is it your position that any person reading your May 9, 2006 press release would have known that you were going to receive a personal SEC subpoena on May 17, 2006?
If it is your position that the May 9, 2006 press release was adequate disclosure of both subpoenas, why did Overstock.com make a disclosure of your personal SEC subpoena about a year later on May 9, 2007?
Is it your position that there are no issues relating to the timing of disclosures by Overstock.com about your personal SEC subpoena?
Do you believe that your public comments on message boards concerning these subpoenas have been consistent with all of Overstock's disclosures in documents filed with the Securities and Exchange Commission?
Why didn't Overstock.com disclose your personal SEC subpoena (received on May 17, 2006) on an earlier date?
When did each Audit Committee member individually learn about your personal SEC subpoena (received on May 17, 2006)?
When did personnel at PriceWaterhouseCoopers learn about your personal SEC subpoena (received on May 17, 2006)?
When did you first discuss your personal SEC subpoena (received on May 17, 2006) with Overstock.com General Counsel Jonathan Johnson?
If it is your position that there was nothing improper with the delay by Overstock.com in disclosing your personal SEC subpoena, why did the company choose to disclose it at all?
If you truly wish to clear up this issue, why not respond to each of my questions individually in a clear, unambiguous, and truthful manner?
Respectfully,
Sam E. Antar (former Crazy Eddie CFO & convicted felon)
This is now being discussed openly (ish) on the Wikipedia mailing list. After an investigation uncovered that some of SlimVirgin's edits to Pan Am 103 had been oversighted: http://lists.wikimedia.org/pipermail/wikien-l/2007 -July/078241.html and that there was a Wikipedia Review topic that thoroughly investigated the oversighting at the time: http://lists.wikimedia.org/pipermail/wikien-l/2007 -July/078266.html http://wikipediareview.com/index.php?showtopic=186 4&hl= http://wikipediareview.com/index.php?showtopic=113 5&hl=
Wikipedia has been forced to admit fault here (after dozens of deleted edits from Crum375, ElinorD, Jayjg and SlimVirgin, including many blocks to people who linked to Slashdot). They have now added it to the Wikipedia Signpost: http://en.wikipedia.org/wiki/Wikipedia:Wikipedia_S ignpost/2007-07-30/In_the_news
The speculation about whether this issue is true or not should end now. It is true, confirmed by Jimbo himself. The only question now is what we should do about it.
I forgot I was dealing with the lunatic fringe here. Let me see if I got this straight: The Chairman of the SEC, a lawyer and former Congressman, with numerous fellow Commissioners and staffers around him, including the head of market regulation, testifies under oath to the United States Senate to the effect that something is illegal, and the Connecticut state securities regulator says it is illegal, and a Senator drills in on the clear fact that our nation's settlement system is broken due to these illegal practices, and you say it is not illegal because, well, just because. Because this guy is a clown, and that guy is a politician, and someone else is a dweeb.
Did I miss anything?
Tough to argue with that type of logic.
Returning to the real world, Jimmy, there is a laundry list of regs being broken (e.g., the affirmative determination rule). But I am out of here because I am confident that the average reader who has followed will understand by this point that you have been flattened, and that you are not debating, you are typing. I suggest you read today's release from the AMEX regarding the precise regulatory violations which you have been instructed to assert are all imaginary (let me guess the content of your counterargument: "But the AMEX are all ugly!" Did I get it?)
NEW YORK, July 31 /PRNewswire/ -- The American Stock Exchangeà (AmexÃ) today announced two final disciplinary actions for violations of Securities and Exchange Commission (SEC) Regulation SHO short sale rules in connection with trading activity in threshold securities, which occurred on various options and equity exchanges. In the first action, Scott H. Arenstein and his firm SBA Trading, agreed to a fine of $3.6 million, disgorgement of $1.4 million in trading profits, a censure and a five-year suspension from Amex membership in any capacity, including employment or association with an Amex member or member organization during such period. In the second action, Brian A. Arenstein and his firm ALA Trading, LLC agreed to a fine of $1.2 million, disgorgement of $1.8 million in trading profits, a censure and a five-year suspension from Amex membership in any capacity, including employment or association with an Amex member or member organization during such period.
SEC Regulation SHO generally requires market participants to locate shares to borrow prior to effecting a short sale transaction. However, options market makers receive a limited exemption from this requirement when selling an underlying equity security short to hedge options positions established during the course of bona fide options market making activity.
Despite the fact that neither respondent was acting as a bona fide options market maker in the particular securities in question, each of them improperly utilized this market maker exemption to impermissibly engage in naked short selling by failing to locate securities to borrow and then engaged in a series of close out transactions designed to circumvent his Regulation SHO delivery obligations in such securities by creating the appearance of a bona fide repurchase of the securities he initially sold short. As a result of this violative trading activity, they were able to maintain impermissible naked short positions in a number of Regulation SHO threshold securities for a virtually unlimited period of time.
"Regulation SHO is a critically important framework of regulatory requirements designed to prevent and deter abusive short selling and reduce persistent fails to deliver. The respondents' circumvention of these requirements was egregious and improperly contributed to persistent fails to deliver in certain Regulation SHO threshold securities," said Claudia Crowley, Senior Vice President and Chief Regulatory Officer of the Amex. "This settlement should send a strong message to other market participants that trading which involves the improper use of the Regulation SHO market maker locate exemption and circumvention of the requisite delivery obl
Hi Sam the Crook,
"If you truly wish to clear up this issue, why not respond to each of my questions individually in a clear, unambiguous, and truthful manner?"
Ummm, could it be because collecitvely they number in the thousands, and I cannot say I've ever actually read one of your postings closely?
I really want to help you here, Sam, but I just need to know how you are using the English language, because it seems a little disjoint to me. When you answer this question, I will be able to understand your verb tenses, and general sense of reality, enough to answer your questions. So let us try again:
When I, on May 9, said that I was the first CEO to celebrate receiving an SEC subpoena, was I telling the truth about being a CEO who had received a subpoena, or not?
Get back to me with an answer, and I'll be able to make sense of your questions, Sam.
Patrick
PS In case any member of the public wanders by, please understand that this guy I am conversing with is a convicted felon who ratted out his own family to reduce his own jail time. Recently he was kicked off of YAHOO (no easy feat, that) for threatening children (see below). Because he apparently has absolutely no moral center, Sam has in recent months become a favorite of hedge fund choagies like Herb Greenberg, who is promoting Sam so he can have someone new with whom to practice crony journalism. Next will be, I am sure, a flattering pieces in DJ by Carol Remond, a write up in NYPost by Roddy Boyd, a Fortune cover by Bethany McLean, and a special WSJ profile by Karen "We-can-do-this-the-hard-way-or-the-easy-way" Richardson (that is, that pack of independent journalists who randomly happen to cover precisely those firms shorted by Rocker, Cohodes, Ackerman, Steve Cohen, Einhorn, Dan Loeb/Jim Caruthers, etc., over and over with complete regularity in a way that is, all observers are clear, entirely coincidental). Seriously, check it out: http://antisocialmedia.net/070714-antar.jpg
I still see no citation of any portion of the U.S.C. that prohibits naked short selling.
(Probably because there is none.)
But be that as it may, let's take a look at some cold, hard data from a company supposedly harmed by "naked short selling".
Now if, as people like you say, there was really this damage taking place, then this company's shares would be artificially depressed by the detrimental effects of "naked short selling", right?
So I've got six quarterlies on this company in front of me. The first thing I notice is their dwindling revenues. They used to have trailing 12-month revenues in excess of $800 million. At their current rate of decline, they'll finish the year around $710 million. Maybe, if they could stop their bleeding right now, they wind up the year at $750 million... if they're lucky.
Obviously, this is not a growth company even though it was touted as such last year.
I look closer at these quarterlies and see that this company has endured over $100 million in losses over the past year as this contraction in revenues was taking place. In the past six months alone, their tangible common equity has been halved and now stands at $29 million. At their current pace of losses, that tangible common equity will be extinguished by the end of the year.
There have been a few minor improvements. At first glance, their overhead seems to be improved. But then you look closer and you see that the improvement in overhead was the result of their cutting their advertising by a third.
Still, you can't rule out a possible turn-around. Maybe they stop the bleeding for this year and next and manage to start growing again. They're in a super-competitive environment where margins are thin, but it's still a remote possibility.
Then I looked a little closer and I saw that their bone-headed management went and wasted over $60 million accumulating treasury stock while the ccompany was still cash-flow negative.
Ouch.
What would you pay for this company?
Oh. And the AMEX?
They're another SRO. I am not affiliated with the AMEX and I don't do my naked shorting through any of their member firms. Therefore their regs do not apply to me.
It'd be kind of like someone saying that criticizing NBA refs is illegal and then pasting an article about all of the fines Mark Cuban has had to pay as proof. Yes, Cuban's role subjects him to fines if he criticizes NBA referees. No, criticizing NBA referees is not illegal.
Slashdot probably isn't a good fit for you. Your penny- stock grifter tactics seem to have a much more receptive audience over at Investor Jonestown.
To Patrick Byrne:
Why are you dodging my questions?
Overstock.com, you, and others working in collusion with you are under investigation by the Securities and Exchange Commission. Will you admit that Overstock.com and you are the focus of an investigation by the SEC? Are you afraid to answer questions about the SEC subpoenas?
Therefore, I ask you to answer my questions again.
Do you seriously expect anyone to believe that your press release issued on May 9, 2006 was responding to a personal SEC subpoena that you later received on May 17, 2006?
Is it your position that any person reading your May 9, 2006 press release would have known that you were going to receive a personal SEC subpoena on May 17, 2006?
If it is your position that the May 9, 2006 press release was adequate disclosure of both subpoenas, why did Overstock.com make a disclosure of your personal SEC subpoena about a year later on May 9, 2007?
Is it your position that there are no issues relating to the timing of disclosures by Overstock.com about your personal SEC subpoena?
Do you believe that your public comments on message boards concerning these subpoenas have been consistent with all of Overstock's disclosures in documents filed with the Securities and Exchange Commission?
Why didn't Overstock.com disclose your personal SEC subpoena (received on May 17, 2006) on an earlier date?
When did each Audit Committee member individually learn about your personal SEC subpoena (received on May 17, 2006)?
When did personnel at PriceWaterhouseCoopers learn about your personal SEC subpoena (received on May 17, 2006)?
When did you first discuss your personal SEC subpoena (received on May 17, 2006) with Overstock.com General Counsel Jonathan Johnson?
If it is your position that there was nothing improper with the delay by Overstock.com in disclosing your personal SEC subpoena, why did the company choose to disclose it at all?
If you truly wish to clear up this issue, why not respond to each of my questions individually in a clear, unambiguous, and truthful manner?
Respectfully,
Sam E. Antar (former Crazy Eddie CFO & convicted felon)
http://antisocialmedia.net/070714-antar.jpg
Regulation SHO requires, "...a broker-dealer, prior to effecting a short sale in any equity security, to 'locate' securities available for borrowing...Specifically, the rule prohibits a broker-dealer from accepting a short sale order in any equity security from another person, or effecting a short sale order for the broker-dealer's own account unless the broker-dealer has (1) borrowed the security, or entered into an arrangement to borrow the security, or (2) has reasonable grounds to believe that the security can be borrowed so that it can be delivered on the date delivery is due. The locate must be made and documented prior to effecting a short sale." See Securities and Exchange Commission, 17 CFR Parts 240, 241 and 242, Release No. 34- 50103; File No. S7-23-03, http://www.sec.gov/rules/final/34-50103.pdf. "As with other provisions of Regulation SHO, this provision requires good faith conduct by where the broker-dealer did not in good faith believe that the customer would deliver the securities in time for settlement, the broker-dealer cannot borrow or lend securities to deliver when the customer fails," ibid, footnote 112. Regulation SHO goes on to state that, "Bona-fide market making does not include activity that is related to speculative selling strategies or investment purposes of the broker-dealer and is disproportionate to the usual market making patterns or practices of the broker-dealer in that security. In addition, where a market maker posts continually at or near the best offer, but does not also post at or near the best bid, the market maker's activities would not generally qualify as bona-fide market making for purposes of the exception. Further, bona-fide market making does not include transactions whereby a market maker enters into an arrangement with another broker-dealer or customer in an attempt to use the market maker's exception for the purpose of avoiding compliance with Rule 203(b)(1) by the other broker-dealer or customer." That will be all.
More to the point of this slashdot thread: Why is it that on this subject alone (well, virtually alone), all the normal rules of Wikipedia are suspeended regarding POV, citations, records of the discourse being disappeared, etc? And why does the woman involved in that, SlimVirgin, also so up in a select few other subjects as one for whom the rules of Wikipedia do not apply? What about Gary Weiss, a one-time Mob reporter who now posts thousands of times per year on stock message boards, and Wikipedia, under a variety of sock-puppets? Why did Gary feel it necessary to defend notorious Russian mafia leader Berezovksy and trash (anonymously) the work of journalist Paul Klebnikov, before Paul was murdered in Moscow (and days before Gary left BusinessWeek under mysterious circumstances)? What do Herb, Linda Mack, and Gary, along with David Rocker and Jim Cramer, all have in common?
Answer: XXXXXXXXX
Patrick Byrne
To Patrick Byrne:
You continue to dodge questions about the SEC subpoenas. You have falsely claimed that "heart of the investigation is not...Overstock-centric."
However, Overstock.com, you, and others working in collusion with you are under investigation by the Securities and Exchange Commission. Will you admit that Overstock.com and you are the focus of an investigation by the SEC? Are you afraid to show transparency by answering my questions? Again I ask you to answer the questions below.
Do you seriously expect anyone to believe that your press release issued on May 9, 2006 was responding to a personal SEC subpoena that you later received on May 17, 2006?
Is it your position that any person reading your May 9, 2006 press release would have known that you were going to receive a personal SEC subpoena on May 17, 2006?
If it is your position that the May 9, 2006 press release was adequate disclosure of both subpoenas, why did Overstock.com make a disclosure of your personal SEC subpoena about a year later on May 9, 2007?
Is it your position that there are no issues relating to the timing of disclosures by Overstock.com about your personal SEC subpoena?
Do you believe that your public comments on message boards concerning these subpoenas have been consistent with all of Overstock's disclosures in documents filed with the Securities and Exchange Commission?
Why didn't Overstock.com disclose your personal SEC subpoena (received on May 17, 2006) on an earlier date?
When did each Audit Committee member individually learn about your personal SEC subpoena (received on May 17, 2006)?
When did personnel at PriceWaterhouseCoopers learn about your personal SEC subpoena (received on May 17, 2006)?
When did you first discuss your personal SEC subpoena (received on May 17, 2006) with Overstock.com General Counsel Jonathan Johnson?
If it is your position that there was nothing improper with the delay by Overstock.com in disclosing your personal SEC subpoena, why did the company choose to disclose it at all?
If you truly wish to clear up this issue, why not respond to each of my questions individually in a clear, unambiguous, and truthful manner?
Respectfully,
Sam E. Antar (former Crazy Eddie CFO & convicted felon)
Absolutely the market should determine its value, Skippy.
But the "market" is not confined to mouth-breathing, gullible bagholders, though I'm sure you wish it were. It includes short sellers, "naked" and "borrowed". And the attempts by crooked promoters and inept managers to restrict short selling of any kind merely leads to markets with artificially over-priced securities... a condition that can only be detrimental to the interests of investors.
As for Wikipedia's refusal to let crooked promoters and inept managers junk up their site with misinformation and lies regarding naked short selling and its effects, that's a decision they're certainly entitled to make.
As it turns out, it's the correct one.
That last message brought to you by Mantanmoreland (Gary Weiss) himself. You can always spot his writing based on:
1- His absolute inability to correctly identify "spyware"
2- His unusually accurate self-identification as "Anonymous Coward."
3- (Though not applicable here) his singular fixation on the word "nauseating."
I'd recommend avoiding Gary's blog, not for it's infestation with what Gary himself thinks is spyware, but for the utter lack of any content of redeeming value to be found there.
To Patrick Byrne (CEO of Overstock.com):
i ck-byrne-ceo-of-overstockcom.html
White Collar Fraud Blog Item Title: Patrick Byrne (CEO of Overstock.com) Dodges Questions about SEC Subpoenas and Plays Games
http://whitecollarfraud.blogspot.com/2007/08/patr
Respectfully,
Sam E. Antar (former Crazy Eddie CFO & convicted felon)
To Patrick Byrne:
i ck-byrne-ceo-of-overstockcom.html
White Collar Fraud Blog: Patrick Byrne, CEO of Overstock.com, Dodges Questions about SEC Subpoenas and Plays Games
Link here: http://whitecollarfraud.blogspot.com/2007/08/patr
Respectfully,
Sam E. Antar (former Crazy Eddie CFO & convicted felon)
Wikipedia Review has compiled a comprehensive research in to issues related to this scandal: http://wikipediareview.com/blog/20070802/comprehen sive-coverage-of-the-slimvirgin-scandal/
an interesting readm
http://www.geocities.com/Berlet_archive/virgin.ht
I'd like to read the book soon.
I agree with Patrick. When Overstock starts making money will he then be proven Wrong about Naked Short Selling of Stock being a problem? Great point and this point has been Won by Patrick.
Poor crazy Patrick. Nobody takes him seriously.
To Patrick Byrne:
- bagley-director-of-communications.html
Title: Judd Bagley, Director of Communications at Overstock.com, stalks a teenaged blogger
Link here: http://whitecollarfraud.blogspot.com/2007/08/judd
Respectfully,
Sam E. Antar (former Crazy Eddie CFO & convicted felon)
Byrne's hiding under his desk I see. That figures.