Everyone needs to read this;
March 14, 2014
At trial the SEC did not produce a single piece of evidence to substantiate the bogus charges they fabricated. This fabrication was a diversion from what the SEC knew was the real cause of the shareholder losses. They hid this for more than 3 years until indisputable evidence finally surfaced that proved the shareholder loss was caused by illegal short selling by Options Express, a subsidiary of Charles Schwab, and other major Wall Street firms! The SEC thought they could drag the investigation out long enough to force LPHI to go out of business. When that did not happen, the SEC was in the precarious position of being forced to go to trial with Brian Pardo, knowing they had no evidence! Their only prayer was that by some miracle they could dupe the jury with complicated lingo and a so-called expert from New Jersey into believing LPHI and Brian Pardo had committed securities fraud by causing the company to understate projected life expectancies of senior policy holders.
The truth is that the SEC knew about the illegal naked short selling of LPHI stock by multiple brokerage houses. They concealed this for more than 3 years from Brian Pardo, LPHI, and most importantly, the shareholders the agency is sworn to protect! Now, with this information about to be revealed to the world on the heels of an embarrassing loss to Mark Cuban and others, the SEC is forced to confront the reality of widespread
corruption within their Agency. This corruption stretches from the Fort Worth office to the highest management levels in Washington, D.C.
Brian Pardo, chairman of LPHI, knew in 2009 that LPHI’s stock was being illegally manipulated downward through a practice called naked short selling. This was being done by greed-driven investors who were betting the stock will go down. They refused to cover their short positions with actual stock within 3 days as required by law! This created the equivalent of counterfeit shares and produced MB
March 14, 2014
At trial the SEC did not produce a single piece of evidence to substantiate the bogus charges they fabricated. This fabrication was a diversion from what the SEC knew was the real cause of the shareholder losses. They hid this for more than 3 years until indisputable evidence finally surfaced that proved the shareholder loss was caused by illegal short selling by Options Express, a subsidiary of Charles Schwab, and other major Wall Street firms! The SEC thought they could drag the investigation out long enough to force LPHI to go out of business. When that did not happen, the SEC was in the precarious position of being forced to go to trial with Brian Pardo, knowing they had no evidence! Their only prayer was that by some miracle they could dupe the jury with complicated lingo and a so-called expert from New Jersey into believing LPHI and Brian Pardo had committed securities fraud by causing the company to understate projected life expectancies of senior policy holders.
The truth is that the SEC knew about the illegal naked short selling of LPHI stock by multiple brokerage houses. They concealed this for more than 3 years from Brian Pardo, LPHI, and most importantly, the shareholders the agency is sworn to protect! Now, with this information about to be revealed to the world on the heels of an embarrassing loss to Mark Cuban and others, the SEC is forced to confront the reality of widespread
corruption within their Agency. This corruption stretches from the Fort Worth office to the highest management levels in Washington, D.C.
Brian Pardo, chairman of LPHI, knew in 2009 that LPHI’s stock was being illegally manipulated downward through a practice called naked short selling. This was being done by greed-driven investors who were betting the stock will go down. They refused to cover their short positions with actual stock within 3 days as required by law! This created the equivalent of counterfeit shares and produced MB
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