Anson Funds Falling Apart as Investors Desert the Sinking Ship

Important Reading:

I: Anson Funds Full Lawsuit Files Revealing Their Criminal Business Practices (Court docs)
II: All Documents of email between Hindenburg Research and Anson Funds – Securities Fraud
III: Canntrust Fraud and Manipulation – Whatsapp Conversations (Court docs)
IV: Andrew Left & Anson Funds – How Two Crooks Conned Investors out of Billions
V: Anson Funds Throwing Everyone Under the Bus & Moez Kassam Charity Con
VI: Genius Brands – The Story Anson Funds Doesn’t Want you to Read
VII: Anson Funds and the Great Con
VIII: Moez Kassam & Anson Funds: The Big Secret
IX: Anson Funds Naked Short Fraud with MMTLP – The Full Story

Investors in Anson Funds have finally realized that it’s time to jump ship, with AUM dropping again to $550m. This is a huge fall off over a single year, and it’s the direct result of intensifying investigations, scandals and a multitude of lawsuits. The alarm bells have sounded, and unitholders are continuing the exodus.

Take a look at the AUM numbers for the last 3 quarters:

30/09/2024: $2,343,788,000
31/12/2024: $991,227,000
31/03/2025: $549,630,000

This is known as a death spiral, and Anson Funds has passed the point of no return. Couple this with the fact that with Anson now under firm regulatory scrutiny, the Fund has had to (for the most part) put its illegal activities on hold–and performance, largely pegged to illegal activity–has suffered immensely. The numbers are atrocious, with Anson Fund performance over the last 4 quarters being -11.45%.

It’s hard playing by the rules, and Moez Kassam and team have clearly demonstrated that they are not up to the task with most unitholders realizing this and heading for the door.

Anson Funds took a big hit on Bright Minds Biosciences

Bright Minds Biosciences was a plaything of short sellers for some time. Then, all of a sudden in October 2024, the stock jumped by thousands of percentage points after one of their competitors got taken out.

Anson Funds was one of the groups with a short position on the stock. Unfortunately for Anson, the Fund couldn’t extricate itself from this trade because it was held too tightly.

The rumor on Bay Street is Anson took a hard loss north of $20 million. While it’s not a catastrophic amount, it shows how Anson is still keeping its toes in the muddy waters but without being able to noticeably deploy as many dirty resources (hit pieces, etc) they are taking big losses. The regulatory scrutiny is slowly choking the money out of Anson.

Back to the Genius Brands Fraud

We have covered the huge fraud that took place in Genius Brands in detail here.

This is a must read for anyone who wants to understand how Anson Funds operates and why its leadership thinks they are above the law.

But before we get onto the new information we have

Readers will recall that the DisneyGuide.com website was used to pump up the share price of Genius Brands with a number of fake stories announcing a takeover of Genius by Disney, following Anson’s acquisition of millions of (restricted) shares.

We have now learned that the website was in fact created in Anson Funds’ Toronto office and was hosted for some time on their servers. Anson paid a stooge by the name of Josh Flo to be the face of the site, and he even admitted to Market Frauds that he was involved in the fraud as you can see in the investigative report.

They also had the ever reliable and corrupt Winston Miles of Eight Capital calling people up and telling them that Genius Brands was going to get taken over by Disney as reported on the DisneyGuide website. He was also part of the fraud.

This is something regulators simply must look into, as retail investors lost billions of dollars on this particular Anson Funds fraud. Please take a moment to read the original report.

Canaccord Update

You might have seen the recent announcement that CIRO ( Canadian Investment Regulatory Organization) fined Canaccord a whopping $2.85 million for nearly $800 million in fraud. That is a .0036% fine. Pathetic.

But as disappointing as this is it does herald the start of bigger things for Canaccord and not in a good way.

We know from our Anson source that in order to save his own skin Moez has given up Canaccord to the U.S. regulators who have a much bigger stick than CIRO. He has told them all about their Direct Market Access system (DMA), how it works and how they worked with numerous funds to de-fraud investors and fool the regulators. (We have been told Dan Davio has a lot to be concerned about.)

This is just the beginning and Canaccord have Moez Kassam to thank for a lot of their coming pain.

We actually covered how Canaccord work with short sellers like Anson in a piece published on March 8th 2022: How Anson Funds are working with Canaccord to de-fraud investors

Moez Kassam, according to our sources, is close friends with the CEO of Canaccord, spending a significant amount of time at his Muskoka cottage last summer. Moreover, our sources say that Canaccord only publicly exiled Anson Funds, but the move was a smokescreen: Instead, they simply moved Anson Funds off their normal platform and onto their DMA (Direct Market Access) platform. It was a brilliant move on the part of Canaccord.

Letting Anson Funds on the DMA means that Canaccord compliance officers are not able to see Anson’s trading and are therefore compliant through ignorance. Anson may simply sign up through one of its many LPs or corporations, obtain an account and continue to use Canaccord, with direct access to its trading terminals. In other words, it all goes through the back door, providing Canaccord with plausible deniability. Not only have our sources informed us about the Canaccord setup; but Moez Kassam himself has been bragging to people about the ruse.

PR Spending and Charities

Anson is working with a number of reputation management and PR companies to help repair its battered reputation in light of all the scandals, SEC charges, lawsuits and rumors on the Street.

We have heard that with one group alone that specializes in X.com, Anson is spending north of $100k a month to push positive stories about Moez and Anson to the top of the rankings. This is just money down the drain as there are now so many negative posts about the company from thousands of users that any budget would be a waste of money.

We also learned from a source in Moez Kassam’s inner circle that the large push he has been making to the charities is to help counter all of the negative articles about him and the company online.

But don’t be fooled by the big charitable numbers being tossed around. The donation numbers are not as represented in the PR. All of the charity commitments are multi year – some even extending over 20 years. He has only paid a fraction of these commitments and yet is taking the full credit for the headline numbers now. He has no intention of paying the full sum.