Did Shia Labeouf Help John Thomas Financial Pump InterOil?

Apr.23.10 | About: InterOil Corporation (IOC)

IFC Media Project put out a movie clip about actor Shia Labeouf's role in helping John Thomas Financial CEO Thomas Belesis pump InterOil (NYSE: IOC) stock. This blog and others are featured in the video. Link to video here or view video below:



According to IFC Media Project:

How not to get played when playing the market -- the Shia LaBeouf Story!

When Oliver Stone went looking for a new co-star for his sequel to Wall Street, he found fresh-faced Transformers' star Shia LaBeouf. Shia trained for his role by shadowing Wall Street power brokers at John Thomas Financial.

But now, Shia's gone nutty for the stock market game and some critics -- with their own agendas -- have alleged that John Thomas may be using Shia to meet their own ends...

The following are links to all websites shown in this clip -- please read and digest this information with a critical eye:

Business Insider: Shia LeBeouf's Stock Picks: Buy IOC, Oil And Apple, And Short Gold

Dealbreaker: Shia LaBeouf Turned $20,000 Into $489,000 In Mere Months

New York Post: Shia's 'Slick' Tip

Business Insider: What's the Story of Shia Labeouf Pumping InterOil?

Going Concern: Let's Take a Closer Look at This Shia Labeouf and InterOil Situation

Dealbreaker: Shia LaBeouf Pawn In John Thomas Financial’s Attempt To Pump InterOil Stock?

Business Insider: InterOil's Own Geologists Say It Is Lying To Wall Street, Says Skeptic

White Collar Fraud: Is InterOil Built on a Foundation of Fraud?

Anatomy of a Stock Market Manipulation Scheme

In my blog post entitled, "InterOil, John Thomas Financial, and Clarion Finanz: Anatomy of a Stock Market Manipulation Scheme," I provided detailed evidence of a stock market manipulation scheme involving InterOil, John Thomas Financial, Clarion Finanz AG, and banned stock promoter Carl Caserta. I believe that they conspired to raise the stock price of InterOil's shares to force the conversion of certain outstanding debentures to common stock.

White Collar Fraud blog featured in IFC Media Project movie
Click to enlarge

InterOil filed a false report with the Securities and Exchange Commission claiming that the company paid no fees for a private placement $95 million convertible debt offering. However, documents submitted in another court case reveal that Clarion Finanz (a major shareholder of InterOil) had in fact received $5.7 million in fees.

Those same court documents show how InterOil used Clarion as a buffer to conceal John Thomas Financial's and banned stock promoter Carl Caserta's role in the debt offering. About a year earlier, InterOil told the New York Times that it was not doing business with Caserta.

That deception enabled John Thomas Financial analyst Wayne Kaufman to appear on CNBC and recommend InterOil's stock without accurately disclosing his company's conflict of interest from his company's prior investment banking relationship with InterOil. Afterwards, John Thomas Financial heavily promoted Wayne Kaufman's CNBC appearance to pump InterOil stock to its customers without disclosing its prior investment banking relationship with InterOil. Over the next couple of weeks, InterOil shares rose dramatically and the company was able to force the conversion of its debt to equity.

Read some of my other blog posts on InterOil here:

04/08/10: Open Letter to Morgan Stanley "Research" Analyst Evan Calio: About Your Seriously Flawed Report on InterOil

03/31/10: Did InterOil Commit Securities Fraud?

03/29/10: The InterOil Saga: Convicted Felons Battle Current Breed of Stock Market Miscreants

03/26/10: Is InterOil Based on a Foundation of Fraud?

03/25/10: Can Shia LaBeouf Help Shed Light on a Stock Market Manipulation Scheme Involving InterOil and John Thomas Financial?

07/13/09: InterOil, John Thomas Financial, and Clarion Finanz: Anatomy of a Stock Market Manipulation Scheme

07/01/09: Banned Stock Promoter Carl Caserta Still Working for InterOil and Promoting Its Stock Despite Previous Denials

06/18/09: InterOil Files False Disclosures With SEC (Redacted Version)

Disclosure: I am a convicted felon and a former CPA. As the criminal CFO of Crazy Eddie, I helped Eddie Antar and other members of his family mastermind one of the largest securities frauds uncovered during the 1980's. I committed my crimes, simply because I could.

If it weren't for the efforts of the FBI, SEC, Postal Inspector's Office, US Attorney's Office, and class action plaintiff's lawyers who investigated, prosecuted, and sued me, I would still be the criminal CFO of Crazy Eddie today.

I do not own any InterOil securities, long or short. However, I assisted Fraud Discovery Institute in researching InterOil. Fraud Discovery co-founder Barry Minkow has publicly that he has held short positions in InterOil securities.