This Article Is In Response To Earlier Recap's Post LINK
Post From The Golden Age Of Gaia By Steve Beckow on December 26,
Al Hodges Claims Victory in CMKX Suit, Reveals Sting Operation Against the Cabal
Al HodgesPasadena attorney Al Hodges was hired by shareholders of CMKX Diamonds to represent them in what has been said to be “the largest fraud case in world history.”
(1) Known as the Bivens class action suit, Hodge claims that in 2004-5 legitimate shareholders saw their stock watered down by the sale of 2.25 trillion “phantom” shares in the company. The SEC and the Justice Department combined to trap those guilty of naked short selling of the stock and cellar boxing the company.
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(2) The CMKX scandal was one of several well-known individual or class action suits in which a small band of determined people fought back against the excesses of the cabal at great personal risk. The Wanta Funds and the farm claims were others.
These various claims are now being settled in favor of the claimants. They are part of the wholesale action being taken against the cabal and dovetail with broader initiatives like the World Global Settlements, the Global Currency Reset and others that are bringing in the new economic order.
Recently Al claimed victory in their class-action suit against the short sellers.
..One interesting aspect of Al’s article is that he describes the manner in which several sting operations against the cabal have been run. They are one of the reasons for the Reval’s delay.
Prominent currency holders, many of them sitting in Congress, were cashed out upon making the promise that they would not use their cash-outs to buy further currency and they promptly then bought more currency.
These people will be or have been arrested and/or made to resign from Congress, etc. My own personal belief is that the delay in the Reval is not so much because people stood in the way as it is that the Reval has been in part used to entrap the corrupt. I believe that this clean-out will make the Reval safer for the rest of us.
(1) “CMKM Diamonds and the $3.87 trillion lawsuit you didn’t hear about,” Examiner, March 30, 2010, at http://www.examiner.com/article/cmkm-diamonds-and-the-3-87-trillion-lawsuit-you-didn-t-hear-about
(2) “Cellar boxing” … has to do with the fact that the NASD and the SEC had to arbitrarily set a minimum level at which a stock can trade. This level was set at $.0001 or one-one hundredth of a penny. This level is appropriately referred to as “the cellar”. This $.0001 level can be used as a “backstop” for all kinds of market maker and naked short selling manipulations.
“Cellar boxing” has been one of the security frauds du jour since 1999 when the market went to a “decimalization” basis. In the pre-decimalization days the minimum market spread for most stocks was set at 1/8th of a dollar and the market makers were guaranteed a healthy “spread”.
Since decimalization came into effect, those one-eighth of a dollar spreads now are often only a penny as you can see in Microsoft’s quote throughout the day.
Where did the unscrupulous MMs go to make up for all of this lost income? They headed “south” to the OTCBB and Pink Sheets where the protective effects from naked short selling like Rule 10-a, and NASD Rules 3350, 3360, and 3370 are nonexistent.