Very interesting, but unsurprising, allegations have surfaced in a lawsuit brought forth by former Thomson-Reuters employee Mark Rosenblum that alleges the company released sensitive economic data early to HFT (high frequency trading) clients. Now this should come as no shock to anyone, considering it has become crystal clear that the entire economy is essentially simply one giant oligarch-run fraud that is designed to take the wealth and labor of 99.9% and funnel it all up to them. This realization is a large drive behind the recent success of Bitcoin, as people are simply desperate to get free of the parasitic banking system at all costs. From Reuters:
In the lawsuit, filed on Wednesday in Manhattan federal court, Mark Rosenblum said he was terminated after telling U.S. authorities that the Thomson Reuters/University of Michigan Surveys of Consumers was released at different times to different subscribers.
Rosenblum said in his court papers that Thomson Reuters releases the monthly survey to so-called “ultra low-latency” subscribers at two seconds before 9:55 a.m. ET, to “desktop” subscribers at 9:55 a.m., and to the general public at 10 a.m.
In the financial services industry, low latency is a reference to higher speed services often used by high-frequency traders.
Rosenblum said in the court papers that last June 29, he told an unnamed FBI agent that he believed this “tiered release” violated federal securities laws, and that on the same day he told company executives that he had contacted federal investigators about the matter.
In the lawsuit, Rosenblum said he was fired on August 3 from his job as a redistribution specialist, without severance, for engaging in protected whistleblowing activity under the 2010 Dodd-Frank law. He is seeking unspecified compensatory and punitive damages.
The worst part about all of this is that these oligarchs parade around pretending that their wealth is the result of some skill of their own, whereas in reality it is quite clear they just run a giant organized crime ring at the tragic expense of an entire nation.
Full article here.
In Liberty,
Mike
Follow me on Twitter!
Donate bitcoins: 35DBUbbAQHTqbDaAc5mAaN6BqwA2AxuE7G
Follow me on Twitter.
Isn’t that Bloomberg’s business model?
and Richard Holder will do nothing. God help him when tshtf
We expect see handcuffs and prison time for the perps. Not just company fines, but real people doing real time.
I traded all my cash, gold and silver for Bitcoins. Yee haaa. One bit coin will soon be worth 5 quadrillion dollars, and I’ll be much richer than the bankers ( who don’t know anything about money or ponzi schemes – really quite stupid). Thanks Max, Mike and all you wonderful genii in the alternative media. Bring on the 1000 year era of bit coin. Sorry that should be 7000 years because it’s better than gold – right? Trade your silver for bits suckers!!!
has anyone noticed… that when news of fraud that would have sent media into a tailspin 10 years ago surfaces now… a lot more of us yawn?
wow. My answer when people ask OMG how can you trust BTC when it’s just figures in a computer algo…? uhhh… isn’t that what money in Chase is? The MAIN differences between BTC and USD in a bank acct are:
The bank can’t suddenly pull a Cyprus.
BUT WAIT! what if they blow up the internet!?
(shhh don’t tell anyone. … they’ll blow Jamie’s bank acct up too!)
there are other differences too… they can’t look over your shoulder as easily… they can’t publicly humiliate you at the teller window treating you like a criminal when you want to withdraw 10,000 (though Jamie et al do it on an hourly basis with impunity)
and the list goes on…
But isn’t SILVER a HARD asset? they can’t take that from you!
They just DID!
they constantly mess with it so yes I turned in my PHYZ for BTC.
I got tired of anxiety watching it plummet on the whims of people who can’t be prosecuted!!!