Owen

Overstock.com's New Disclosures Show Company Financial Reports Were a 'Joke'

Over two years ago, the activist fund manager Manuel Asensio told the world that Overstock.com was cooking the books. Did the SEC listen to him? Yes; they fined him for spreading rumours to manipulate stocks for the purpose of short selling.

People don't want the truth. We close our eyes, shut our ears, and hope for the party to go on as long as possible. That's why we are now spending more resources on hunting down naked short sellers than catching crooked executives.