Subject: File No. S7-19-07
From: Tony Ryals

November 18, 2007

Dear SEC,
I was only beginning to organize my thoughts about Republican 'Libertarian' Ron Paul's statements re SHO to the SEC that were only recently posted here. However no sooner was I getting over the shock that Mr.Ron Paul was aiding the fraudulent penny stock naked shorting claim of his well heeled Libertarian pals such as the NTU founder James Dale Davidson,Porter Stansberry,,than 'news' came out of England that Northern Rock was a victim of
'naked short selling' as well.This is all a lie and to my knowledge the first time large British publications were
conned into making the fraudulent claim for a British stock that obviously fell upon its own bad news and short selling(NOT 'NAKED SHORT SELLING)as would be expected of any stock in the dire straights the company has found itself.The surprise would have been if the share price did not collapse.
Note the Times of London is a Rupert Murdoch publication and the ex editor the Lord William Rees-Mogg is a business associate and co-author with James Dale Davidson('Blood in the Streets','Sovereign Individual',etc.).Both have or did have substantial interest in Agora Inc. that touted Endovasc as well as Davidson's Genemax pump and dump frauds among others.No matter how Agora presents itself the truth is these Baltimore headquartered scammers
are nothing more or less than penny stock scam artists with obvious Beltway connections.Rees-Mogg and Davidson were also significant investors in LOM of Bermuda(without disclosing to their readers) that was in bed with Charles Schwab and vFinance of Congressman Tim Mahoney that cooperated in massive penny stock pumps and dumps and manipulations that after all these years the SEC has done nothing about. Why ?
Anyway I believe my posts below from message board this weekend explain my feelings about Ron Paul aiding James Davidson's's 'naked short claim' penny stock frauds.Further I would remind Mr.Paul that his own state is harboring penny stock criminals making the same false claims as he and his corrupt penny stock tout
'Libertarians'.Houston attorneys John O'Quinn and James Wes Christian have dumped worthless shares of Jag Media Holdings,Endovasc of Montgomery,Texas and others while the folks at Endovasc who lied about being a Stanford University connected 'biotech' company(including Judge Ken Reilly),worked with a Kuala Lumpur and Dubai connected boiler room called Bellador Group and now thanks to irresponsible politicians such as Ron Paul the fraudulent claim has finally crossed the Atlantic and entered into UK penny stock lore.
So far Ron Paul supports an econic lie and fraud and does a disservice to his economiust heroe Ludwig Von Mises.And as one who was born in Texas Ron Paul makes me ashamed of that state's corruption as epitomised by his support of this fraudulent penny stock claim used even by Saudi arms dealer Adnan Khashoggi's GenesisIntermedia penny stock fraud that Paul Singer and Carl Ichan benefitted from but also Bernie Kerik's Taser.So far Ron Paul comes off looking as bad as Rudy Giuliani for aiding and abetting penny stock fraud with its consequent money laundering and drug laundering potential,(ie.-Skyway Communications,etc.).
If Mr.Paul and Christopher Shay and the other House of Representatives member who wrote their scammy letter to the SEC are as ignorant as they pretend about the fraudulent 'naked short selling' claim'(used to divert attention from illegal insider manipulations of their own stock) then they would be doing their country a favor by resigning from the House of Representatives - and certainly not do us the further disservice of seeking higher office.
Ron Paul should pressure the appropriate offices in his own state to prosecute attorneys O'Quinn and Wes Christian
for using courts and the legal system to protect their fraudulent penny stock clients and distort the legal system with lies about 'naked shorting' causing share collapse when in truth Endovasc of Montgomery,Texas and Jag Media Holdings and O'Quinn and Christians other penny stock criminal clients were dumping their own shares.In fact the lying Texas attorneys were dumping their clients worthless shares as well while lyting about 'naked shorting'.
Tony Ryals

Ron Paul Warns SEC On 'Naked Short Selling'
By northern rock:how to say naked shorting in british ? on 11/16/2007 9:16:44 PM

If you go to the SEC's SHO comments that are still being sent to them by 'concerned' individuals you will find that Republican 'Libertarian' Ron Paul along with a couple of other Congressmen just posted a comment there voicing their concern over the serious issue of (ha ha) 'naked shorting'.It is no coincidence that he is closely tied to the penny stock touter Mark Skousen who in turn is connected to James Dale Davidson and Bill Bonner's Agora Inc. through investmentu,etc..Both Ron Paul and Davidson attended Skousen's FreedomFest in Nevada this year where many penny stock con artists and even chickenhawks are welcome particularly if they are penny stock touts.In fact Skousen who may teach at Columbia University has used a Heritage Foundation website to tout or spam penny stocks.Ron Paul must be proud. Agora Inc.'s Porter Stansberry mentions both Skousen and his FreedomFest and Davidson in an email to me that was posted here a year or two ago and can be found on message search for 'porter stansberry' here.)

James Dale Davidson of Agora Inc and the National Tapayers Union and who also created NAANSS or National Association Against Naked Short Selling' was there coincidentally and rumor is his 'talk' focused around his supposed recent marriage to a former Miss Brazil.Shows you what penny stock fraud will buy,i.e.- an ex beauty queen and Ron Paul for two.

Oh,the timesonline had an article mentioning Northern Rock as a victim of 'naked shorting' Do you know when this phenomena and to my knowledge an American term created not by a known economist but instead by U.S. penny stock con artists first crossed the Atlantic and British stock scam artists incorporated it into their vocabulary ?

Oh,I posted this comment on Gary Weiss' blogspot yesterday in response to his repeated claim(for a year or more) that he and Roddy Boyd of the NY Post have solved who is behind NCANS(besides Patrick Byrne and a Mary Helburn),i.e.-an unknown man named Phil Saunders is 'Bob O'Brien'according to them.Gary and Boyd have been carrying on that myth or lie for about a year or more on the internet.ON THE OTHER HAND IT APPEARS A CONFLICT OF JOURNALISTIC INTEGRITY TO ME THAT BOTH HE AND BOYD ARE EMPLOYED BY STEVE FORBES AND RUPERT MURDOCH WHO BOTH HAVE A JAMES DALE DAVIDSON CONNECTION,JUST LIKE RON PAUL, COINCIDENTALLY.

I'd be interested in your response to recent thesanitycheck penny stock chatter below.I add Mary Helburn's post because as you can see below Bobo who Roddy Boyd and you insist is a 'Phil Saunders' is somewhat easily debunked as a believable 'theory' because you have so little evidence even Rocker and all were too embarrassed to make such a claim in the suit.Rocker attorneys say 'Bob O'Brien' but note they DO NOT say 'Phil Saunders' anywhere in their legal documents.
How come if you and Boyd have proven at least in your own minds that Bob O'Brien' is 'Phil Saunders' do the attorneys not agree ?

Below from thesanitycheck.con 'message board':

Re: The Most Important Thing You Will Hear This Year By mhelburn on 11/10/2007 9:33 PM
Does anybody know who is behind this?

"The Coalition against Phantom Trading (CAPT) is a coalition of member companies and affilated organzations created both to educate investors about the existence and extent of illegal naked short selling and to encourage the appropriate regulatory authorities to put a stop to these trades. CAPT receives funding from a variety of sources, including parties currently involved in related litigation."

Re: The Most Important Thing You Will Hear This Year By blackbart on 11/10/2007 9:34 PM
Bobo..These cretins continually demonstrate that without the assistance of the cops, media, prime brokers and politicians that they would be broke. Unfortunately when you grease everyone you get special perks that bail out your stupidity. Again and again. I fully expect them to try to implicate anyone that opposes them with nothing but words and no facts like they did before in another court case where they tried to intimidate the posters on Yahoo. They lost that one badly while makiing complete idiots out of themselves, again. Before this is over the bunny will be blamed for all. You know it is coming.

Re: The Most Important Thing You Will Hear This Year By bobo on 11/10/2007 9:36 PM
Bart: They got nuthin. Although I agree that I will likely be tarred and feathered by their quisling media choagies, which bothers me not one iota.

Mary, never heard of them. Although the enemy of my enemy is, well, at least a cautiously regarded ally.

Re: The Most Important Thing You Will Hear This Year By ted on 11/12/2007 9:16 PM
"You never know who's swimming naked until the tide goes out"

Alludes to 1929 and the Pecora hearings.

Re: The Most Important Thing You Will Hear This Year By A on 11/14/2007 8:25 PM
Bobo, so they put your alias all over the suit, but not a real name, which they purported to know for certain per Roddy Boyd and pals. So they really don't know who you are, do they. Or else they would have put you in the defendants list.

This countersuit is as comical as the one they filed against Harry3866 on the yahoo TTWO board. They lost that one too. You'd think guys making millions a year could get better legal advice.

Re: Ron Paul Warns SEC On 'Naked Short Selling'
By mark skousen,heritage foundation stock scam on 11/17/2007 4:01:08 PM

No wonder W Bush holds Heritage Foundation in such high esteem,
they also aid U.S. penny stock scams that also probably entail money laundering.In fact I believe money laundering should be a charge all penny stock scamsters should be tried for because the money they've made and then channel elsewhere,from political donations(bribes),to offshore accounts and into other penny stock frauds and even as Skyway Communications has shown,
drug trafficking and probable arms traficking are all offenses justifying money laundering charges.

And no wonder Ron Paul holds Mark Skousen and Agora Inc and Bill
Bonner and Porter Stansberry and James Dale Davidson and the Lord William Rees-Mogg and all their scammy and fraudulent internet sites such as thedailyreckoning in such high esteem.
He loves penny stock fraud and gold just like all his fellow scammy,sleazy libertine 'libertarians'.That's why he wrote to the U.S. SEC in the first place - not as a friend of U.S. Blue Chip stocks for instance but as a friend of U.S. penny stock fraud used for international money laundering I'm sure his fellow libertine 'libertarian' Republican at the SEC Paul
'Naked Shorts' Atkins and the wingnut SEC Chair Christopher
'WMDS' Cox will be glad to receive his phony scammy 'SHO' comments furthering the big 'naked short selling' lie of his fellow far right phoney and libertine 'libertarians'.

Actually using his position as a 'libertarian' and supposed honest presidential candidate to aid a fraudulent claim of naked short selling for his political supporters to defraud investors is sick.Ron Paul is to economics what the ex Pope John Paul II was to birth control.Paradoxical too the Ron Paul's fellow Texan and naked short claim fraudster the criminal attorney John O'Quinn bought the pope's old jalopy after his death for over half a million dollars.But when you engage in legal and political fraud as Ron Paul and his fellow
criminal Texas attorneys John O'Quinn and James Wes Christian do and work or aid scams to put money in the pockets of your
corrupt political supporters as both Ron Paul and his pal Rudy Giuliani do - you are committing 'economic insest' which appears to be a bad habit of our decadent ruling class and that guarantees we will never have democracy.The frauds and fraudsters Ron Paul supports guarantrrs there could never be a democracy under his reign of corrupt ego inflated ignorance.
Ron Paul's just trying to keep James Dale Davidson's Brazilian beauty queen in the style she's become accustomed.Veeeery chivalrous.

Further to my knowledge the Jewish-Austrian economist Ludwig Von Mises,(whether you admire his economic theories or not or know anything about them)WAS NOT A STOCK FRAUD If Mises has any surviving family members they should sue penny stock fraudsters and enablers like James Dale Davidson(who wrote a eulogy to Ezra Pound on his death in the 1970's)and Ron Paul for using his name to justify their own frauds Where did Ludwig Von Mises mention or warn of the dangers of 'naked short selling' ? How do you say it in German again ?

Tony Ryals

Heritage Foundation Sponsors Stock Scam
Last night, the conservative website sent a paid message to its reader entitled How Often Does Life Offer You a Second Chance. In it, a man named Mark Skousen promised huge returns from his cant miss stock tip. Heres Skousens pitch:

In the tech sector, bargains have just about disappeared. This stock is one of the few exceptions. I see it moving way higher. In fact, I expect it to double and split 2 for 1. This extraordinary stock should be in your portfolio right now. Everything you need to know is in a Special Report Ive just written: The Company that Will Change the World: The Next Explosive Tech Stock.

The email directs people to for his free report. In other words, this scam is hosted directly by the Heritage Foundation. (No wonder Heritage is pushing so hard to funnel Social Security money into private investment accounts.)

The report, as you might have guessed, is not actually free. You can only get it if you subscribe to an expensive newsletter written by Skousen, presumably filled with more of these cant miss stock tips. Skousen promises that if you are dissatisfied with the newsletter hell refund you money. No word if hell refund your money after you blow your savings based on one of his outrageous predictions.

The Security and Exchange Commission publication Invest Wisely: Advice From Your Securities Industry Regulators warns consumers to be alert for:

Representations of spectacular profit, such as, Your money will double in six months. Remember, if it sounds too good to be true, it probably is

Sounds like they are describing Skousen to a tee. To complain about the efforts of Skousen and Heritage to mislead investors use this online form.

Filed under: Radical Right, Ethics
Posted by Judd June 1, 2005 12:35 pm

Permalink Comment (32)


From: "Porter Stansberry"
Subject: Re: Jim Davidson
Date: Thu, 3 Nov 2005 17:01:20 -0500


The SEC did bring suit against me in 2002 for publishing what it alleges was a fraudulent report on USEC (NYSE: USU). There was never any allegation that I owned shares of that company or that I recommended the stock in order to move its share price in any way. It is a case of "he said, she said," nothing more. My source at the company denies telling me the things I wrote about. In my report, by the way, I predicted USEC's share price would double because of a new pricing agreement with a Russian supplier. The agreement happened three weeks after I predicted it would and the stock nearly tripled by the time our court case began. Those are facts, you can look them up. I recommended USEC in May of 2002, at $6.50. Davidson was mentioned in one SEC filing as an example of the kind of work I do. The judge rebuked the SEC for mentioning Davidson in our case, as he was not a party to it. You can contact Judge Garbis about all of this to verify it.

Brent Baker was the SEC lawyer who investigated me. During our case he left the SEC and gave us information about the SEC's motives in our case in the hope that we would hire him. We filed a brief about his behaviour -- which was completely bizarre and totally unethical. We didn't hire him. I don't know why anyone would hire that guy...he's real creep.

Regarding Freedom Fest: I was invited to speak by Mark Skousen, the conference organizer. I've known Mark for 10 years. He's a very well respected economist/professor (teaches at Columbia) and has written probably a dozen history/economic books. I didn't realize it was going to be a neo-con love fest or I wouldn't have shown up. I don't think Davidson was there, by the way. I didn't see him at any rate. I did see George Gilder. And I did see Bill Bonner. I gave a presentation on some research I'd been doing on the lack of private savings in the baby boomer generation and the larger problem of bankrupt pension plans. Thus the title "Generation Debt." Here's a copy, more or less, of the speech I gave. This version is from an essay I wrote early during my research of the problem:

Regarding my group's recommendation of, the article was written by Graham Summers. He is the editor of our "Inside Strategist" newsletter. The recommendation was a follow-up to one that Graham wrote more than a year ago on the same company -- long before any of this "naked shorting" nonsense errupted. Graham recommends stocks when they have a lot of inside buying. qualified because the CEO was buying big chunks ($10-$12 million) of stock. No other reason. Graham, by the way, has never met Jim Davidson and has never spoken with him.

I don't know anything about Jim's business England or Dubai...or anywhere else.

I run a very honest business with nearly 40 hardworking employees and thousands of satisfied customers in over 120 countries. We give refunds to any subscriber who is not happy with our work. We do not cheat anyone nor would we endorse or condone any kind of fraudulent stock market activity. I don't know anything about "naked shorting" the National Taxpayer's Union, or almost anything else you've written about.

I would invite you, again, to meet with me and my staff at our offices (1217 St. Paul Street) in Baltimore at any reasonable time. I would be happy to give you more third party references who can verify the facts I've shared with you here.

And I would ask you to please correct, pull down or amend any and all statements you've made about me, my business, my publications or my staff that allege or imply any wrongdoing or business dealings with Jim Davidson.

Your postings -- even though they're totally baseless -- could have a material impact on my reputation and thus the economic well being of my business.

Thank you.
Porter Stansberry
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Re: Ron Paul Warns SEC On 'Naked Short Selling'
By uk:times of london utters 'naked short selling' on 11/17/2007 9:22:28 PM

Below is the first article I have ever heard of from the UK that even mentions 'naked short selling'.Can anyone familiar with British or UK 'securities' please inform me just how long their business and 'securities professionals' have used this term.So far even Steve Forbes and Rupert Murdoch's boys Gary Weiss and Roddy Boyd can only find the first mention of the term in the U.S. securities lingo from a 1999 letter to the U.S. SEC and up to now I have considered the term limited to a U.S. penny stock scam that uses the accusation to draw attention from their illegal pump and dump activity(that Chris
'Naked Shorts' Cox and his Securities Exchange Commission allow to go on unprosecuted.
Note I only quote the article's allusion to Northern Rock as a victim of naked short selling to demonstrate its use in the UK and most particularly in the Times of London albeit the online version.To read the entirearticle follow link provided.

- Tony Ryals

November 14, 2007

Stock exchange to crack down on speculators as Northern Rock is lined up for disposal

Siobhan Kennedy and Martin Waller

The London Stock Exchange yesterday signalled a crackdown on hedge funds and other speculators that break the rules by short-selling Nothern Rock shares without ensuring that they have the stock to sell in the first place.

The warning came as it emerged that, even if Northern Rock is rescued by an acquirer, the bank will still owe the Bank of England 5.9 billion by the end of 2010......

Northern Rocks shares have been subject to intense short-selling and naked short-selling since the Newcastle-based bank nearly collapsed in September. Although the LSE yesterday stopped short of attacking the speculative investors, the exchange gave warning of the significant number of unsettled shares in Northern Rock and strongly urged investors to close their positions as quickly as possible.
Below is my ignored reply to Siobhan Kennedy and Martin Waller of Rupert Murdoch'sand Lord William Rees-Mogg's timesonline.con :

Hmmm,You Brits have also gone to claiming and even having financial writers of Times make fraudulent claims about scams like N R being 'naked shorted' too ? Ha,in the U.S. this fraudulent claim was begun by scammy U.S. penny stocks that were themselves criminally responsible for the massive dumping and manipulation of their own shares using onshore and offshore accounts and by hiring corrupt 'transfer agents' who work hand in hand with the criminal insiders to defraud naive 'retail' investors as the shares are unaudited by the corrupt U.S. SEC.


- Tony Ryals

Re: Ron Paul Warns SEC On 'Naked Short Selling'
By uk:'naked short' spreads like virus or a dawkins' 'meme' on 11/18/2007 12:58:09 PM

Over the years I have searched occasionally for mention of the term 'naked short selling' on UK stock message boards and am pretty sure it never turned up in established British media until only this week.Has anyone seen an article mentioning it in British business news before this week ? The ill founded rumor appears to emenate from Rupert Murdoch's Times that the Lord William Rees-Mogg has a blog on.And of course we know his pal James Dale Davidson owes much of the 'credit' in starting the rumor in America about 2002 to divert attention from his illegal pump ands dump scams with mainly unaudited worthless shares.
Well as you can see another internet 'tv' news media and writer,
Jamie Delargy,has gone on to spread the unsubstantiated rumor
that only appeared in the UK in established media this week using the Times and the worldwide timesonline to spread this malicious lies that only aids stock fraud.Northern Rock share price fell on obviously bad news.Why did the evil 'naked short sellers' wait for bad news to 'counterfeit' the company's shares ? It would have been much smarter and more profitable to counterfeit shares(if that could be done)while the stock was soaring and before the investors were scared off by the bad news.So why begin 'naked shorting(if it could be done)at the worst time ?
I actually tried to post my reply below to Mr.Delargy on that Brit website but it wouldn't post so I place it here for the record and the link to and brief quote from the article in question.
Tony Ryals

with Jamie Delargy

Beware naked short-sellers streaking into the bank
Sunday 18 November 2007

Within a fortnight of the terrorist attacks on the US in 2001, financial regulators were investigating whether groups connected with Osama bin Laden sought to reap profits from the outrage by dumping shares before the hijackers slammed their aircraft into the World Trade Centre and the Pentagon.

Much of the inquiry focused on Munich Re, a German insurance company which was exposed to claims linked to the destruction of property in New York. Inexplicably, the company's stock price slumped 12 per cent four days before 9/11. The affair is a dramatic example of how short-selling can lead to big falls in the share price of individual companies, spreading panic among the wider investment community...........

Attention has now turned to 'naked short-selling', where traders are briefly assigned unborrowed shares by their broker, often for no more than 24 hours. The London Stock Exchange warned on Wednesday that many such trades remained unsettled.

The danger is that if Northern Rock calls an emergency meeting to approve a disposal of the business, it will be difficult to trace the ownership of a large slug of shares - endangering the sale.


To Jamie Delargy:

Here is my comment and query re this new British 'naked short selling' claim and its origens in great part from a group called NAANSS,that included James Dale Davidson a scammy U.S. penny stock manipulator,(and business partner or friend of the Lord William Rees-Mogg),around 2002.
Genmax and Endovasc were two fraudulent penny stocks Davidson claimed were 'naked shorted' even though his pumps and dumps of the two scams are known facts.
Now in America even Taser and Adnan Khashoggi's,Al Batrawi's,Paul Singer's and Carl Ichan,'s GenesisIntermedia,(whose shares collapsed just after 9/11),both claim thery were 'naked shorted'.Ha.
So please do inform me how long Brits have used this term that up to now I have said was a term of recent origen and used only in U.S. PENNY STOCK AND PUMP AND DUMP SCAMS ?
Also no U.S. Blue Chips or even scammy dividend paying stocks except for NFI or NovaStar Financial in the U.S. ever claimed to be 'naked shorted'.However this was and is an easily proven lie in the case of NFI because no investors ever claimed they did not receive a dividend(up until NFI stopped paying it).Get it ? If a dividend paying stock were truly 'naked shorted' many investors would not get their dividend in a company because the shares would be counterfeit.So the fraud of claiming a worthless company to be a victim of naked shorting only works well for criminals whose worthless companies don't pay a dividend.

from David Marchant's 'kyc' message board :

uk:times of london utters 'naked short selling' on 11/17/2007 9:22:28 PM

Below is the first article I have ever heard of from the UK that even mentions 'naked short selling'.Can anyone familiar with British or UK 'securities' please inform me just how long their business and 'securities professionals' have used this term.So far even Steve Forbes and Rupert Murdoch's boys Gary Weiss and Roddy Boyd can only find the first mention of the term in the U.S. securities lingo from a 1999 letter to the U.S. SEC and up to now I have considered the term limited to a U.S. penny stock scam that uses the accusation to draw attention from their illegal pump and dump activity(that Chris
'Naked Shorts' Cox and his Securities Exchange Commission allow to go on unprosecuted.
Note I only quote the article's allusion to Northern Rock as a victim of naked short selling to demonstrate its use in the UK and most particularly in the Times of London albeit the online version.To read the entire article follow link provided.

- Tony Ryals