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
From Anson rolling on Hindenburg Research, to unitholders suing the fund for falsifying performance numbers to corruption at The Globe & Mail, and more, this is one of the most informative updates in this long-running investigation.
If any regulators are reading, the part on fund performance fraud should be of particular interest – something to add to the wire fraud charges you currently have Anson on.
But before we dive deeper into all of this, we wanted to address some of the emails we have been receiving from frustrated readers who are asking why Anson Funds is still in business, and why and Moez “the toad” Kassam is still bragging about his crimes about town, even as he is a target in the direct crosshairs of the SEC and DOJ.
Our response is that, sadly, the wheels of justice turn slowly, and the DOJ only charges people when they are 100% sure they have the case locked down.
Our man in Anson (one of our primary sources) claims that this case was actually locked down over nine months ago, and they have irrefutable evidence against Moez and the senior management team, with slack messages and many additional communications between Anson and other short sellers. But for the last nine months, the authorities have been extracting information from Moez. They want to see who he is going to give up and cast their net even wider.
Moez is scrambling to find some form of restitution or settlement to get out of this, but none of the options being offered is without jail time, and the numbers being floated are 5-10 years.
While he’s rolled on plenty, he hasn’t offered anyone big enough yet to avoid this outcome, and it doesn’t look like he can deliver.
The DOJ works on its own timeline and has its own priorities – such as catching other financial criminals, and Moez is helping them do that. His usefulness will soon run out, however, and that is when the hammer will fall.
The Canadian regulators are well aware of everything that is going on but are holding off for the DOJ/SEC to finish their investigation. Additionally, the OSC has been rudderless for a while now following the resignation of Geoff Kehoe, and they are still looking for a replacement as head of enforcement. That hasn’t helped.
Still, the IIROC is monitoring every trade Anson is making, and it also has a hefty basket of historical trading data as well. So, when the DOJ wraps things up – if there is anything left of Anson (we doubt there will be), then the Canadian regulators will grab the baton.
Anson Funds has turned on Hindenburg Research
We have been informed by an impeccable source that Moez has given up Nate Anderson of Hindenburg Research alongside Sean McNulty of XIB Financial, amongst a number of others. (We will be getting more names shortly).
This is the reason Nate Anderson closed up shop, and this is just one of the deals Moez made with the DOJ to lessen his sentence.
Moez has the goods on Anderson, from lack of disclosures to hidden payments, and other illegal activities across multiple companies and deals. Anson ais preparing him like a turkey on Thanksgiving – stuffed, basted and ready for the oven. Anderson is screwed.
The DOJ should also be looking at the wire fraud Moez and Anson Funds committed in their takedown of Facedrive with Nate Anderson (these are actual court documents)
https://marketfrauds.to/picture-proof-of-anson-funds-corrupt-relationship-with-hindenburg-research/
We know less about McNulty – but if he was involved with Anson and he is being rolled on, we imagine there is nothing good there.
Falsifying performance numbers and NAV
This is a big one and something we suspected for some time but lacked the evidence until now.
Apparently, Anson Funds deliberately lied to unitholders about performance numbers, which they exaggerated.
The fund claimed it was just an error, but never reported or corrected the error until unitholders spotted it and complained. This is fraud.
Two unitholders then sued Anson Funds and these lawsuits were settled quietly and quickly, with the plaintiffs receiving payouts. This is something the remaining unitholders (if there are any outside Moez and the dirty money in the fund) should be addressing.
We believe Anson Funds inflated the value of its private holdings to give the impression the fund was outperforming when in fact these positions were not worth anything close to the value Anson was giving them.
This is fraud, as well, and yet another thing for the DOJ to look into.
Changing Law firms to delay regulators even further amid a cash crunch
Our source in the Anson office has also informed us that the Fund is switching its main lawyer in the U.S., and has recently notified the DOJ to that effect. This is a classic delaying tactic and a ploy to give Anson more time as the new firm gets up to speed. But in addition to this, Anson is having trouble paying its legal bills and needs a cheaper option.
The fund is drowning in lawsuits
In addition to dealing with the US regulators, the fund is involved in multiple other civil lawsuits in Canada and the U.S., and this number is creeping up by the day.
Litigation has been baked into Anson’s business model, but the sheer scale of the lawsuits coming is impossible to keep pace with. These range from companies and investment groups to old business partners and even unit holders.
DOJ wants Moez Kassam and senior management to serve time
Moez has been in negotiations with the DOJ California division for some time now. He has visited the division’s offices twice for questioning him and hoped-for (but elusive) settlement negotiations.
We have heard from reliable sources that Anson will not be fighting the charges as the authorities have the Fund on securely on wire fraud charges. The only thing Anson can do is a deal, and that means rolling on various people and entities involved.
The end will come quickly
We have also been told that no matter who Anson rolls over on, the Fund is finished. Moez will have to give up his business. The unlawful gains will be clawed back, and he will receive a lifetime ban from trading or having anything to do with the markets.
As for the remaining funds in Anson, we are told that the majority of it is his and his partners, and it’s money that just can’t leave the fund (laundered money).
He is apparently shopping the Fund around and trying to find a buyer for Anson. But that isn’t working out either, with all of the noise around the Fund and the fact the DOJ is going to be going public with charges very soon.
Globe & Mail journalists – paid off by Anson Funds
We have reported on multiple occasions about corruption within the Canadian newspaper The Globe & Mail, and how a number of paid-off journalists there have been helping Anson for years, negatively covering people and companies Anson Funds is either shorting or targeting otherwise.
Journalists from The Globe were even mentioned in Moez Kassam’s recent deposition, which you can find here. (Especially Greg McArthur and the rest of the Report on Business team.)
Also in here, where the Globe attacked Aphria at the behest of Moez.
And, of course, where Moez Kassam threatened one of the defendants in a lawsuit with negative publicity from the Globe & Mail if he didn’t bend to his will. He didn’t, and so the Globe published the negative pieces Moez threatened they would. This can be found under the section: Moez Kassam’s threats to one of the defendants with negative publicity
There are multiple other posts featuring The Globe & Mail, which is always there to defend Anson and attack its enemies.
10 March 2023 – Moez Kassam & Anson Funds Part IV Selling Everyone Out
17 May 2022 – Anatomy of an Anson Funds Short & Distort Attack: Recon Africa
8 March 2022 – Moez Kassam & Anson Funds: Panic as DOJ Widens Investigation
28 June 2021 – Moez Kassam & Anson Funds Part II: Rotten To The Core
18 June 2021 – Anson Funds – Corruption at Globe and mail
31 May 2021 – Anson Funds short and distort campaign against Recon Africa (and Globe & Mail corruption)
It has been confirmed by multiple sources that the outlet’s Streetwise reporters, headed by Tim Kiladze, have been dining out on Anson’s dime for years. Often seen at Opus (a high end restaurant in Toronto) drinking with their Anson buddies and journalists, David Milstead, Greg MacArthur and Vanmala Subrahim have been seen at multiple parties Anson have hosted. There are also rumors of prepaid credit cards changing hands.
What we find particularly amusing on Tim Kiladze’s author page is the link at the bottom which says: Tim Kiladze abides by The Globe and Mail Editorial Code of Conduct.
Hilarious. These crooked journalists all deserve to be sharing the cell next to Moez for all the damage they have caused on his behalf.
Charity donations:
Moez has been in the headlines a lot of late, typically featuring news of his charitable donations which his PR team hams up in the press. As an outsider looking in, you would be inclined to think this is a great man and a great philanthropist, but there are a number of things to be aware of.
Moez is not donating to charities out of the kindness of his heart. What these charities can do is help him during his sentencing, where he will call on the senior people there who are respected and have a lot of social capital. He will ask these people to say he is reformed and a wonderful character who wants to do good now and has turned a new page rather than the grubby little crook he is.
Let me guess.
Next we will hear he cheats on his wife, beats his dog, and steals candy from babies .
The fact that hospitals still take donations from this crook means nobody knows about the corruption..except for MF and the 5 people that read the site.
Think high society would like to have their picture taken with a known crook?
If the DOJ was genuinely interested in nabbing this clown, it would want to do so before his fortunes are gone.
The question becomes..if the DOJ ever nail this crook, will those hospitals be forced to give back his charitable donations???..yeah I didn’t think so.
Would love to see the US President restrict all US banking from all banks/brokers that worked with this charlatan. Really hit the enablers where it hurts.
wonder who else on this list. Curious now.
don’t the hedge funds in Toronto all just follow each other, like Mk says…share ideas??!!
need more meat to this. What exactly happened to the NAV, cause that’s serious.
put some of the other fillings and stuff up.
need more content.
still a cunt!