Description Of Legal Dispute
Seeking funding for legal expenses and representation in a case against the U.S. Securities and Exchange Commission to be brought in the U.S. Federal Court of Claims for the amount of $836,000,000.00.
This case was previously submitted to the United States Supreme Court, but was denied hearing. That Sumpreme Curt brief is available for review. The case now advances to the Federal Court of Claims.
Plaintiff Richard A. Altomare, et. al. brings this action against the Securities and Exchange Commission (the “SEC”) for its fraudulent failure for more than fifteen years to do its statutorily mandated duty to regulate naked short selling.
The SEC targeted and prosecuted the plaintiff for many years, and then and unjustly incarcerated him in an attempt to silence him as the most prominent whistle-blower against naked short selling and the SEC’s malfeasances.
These SEC actions to silence the plaintiff deprived him of his freedom of speech, life, liberty, property, contractual rights, reputation, business positions and future endeavors in violation of the First and Fifth Amendments of the United States Constitution.
This Court has jurisdiction pursuant to 28 U.S.C. Section 1491.
This case involves the failure of the SEC to stop naked short selling and to expose SEC agents who destroyed Universal Express and the plaintiff, Mr. Richard A. Altomare, its President and CEO, and thousands of other middle-class, Main Street small publicly-traded companies, resulting in the loss of billions of dollars of the life savings of small investors and the loss of tens of thousands of jobs.
Despite the efforts of the plaintiff, SEC administrations have failed for more than fifteen years to take any effective regulatory or enforcement action against naked short selling or the naked shorters themselves.
Congress mandated in Section 17(a) of the Exchange Act that the SEC has the duty to assure “The prompt and accurate clearance and settlement of securities transactions… necessary for the protection of investors…” i.e. the duty of the SEC under the law to prevent and stop the naked short selling of shares.
The failure to regulate and the failure to enforce naked shorting statutes and rules by the SEC borders on criminality, cover-up and conspiracy.
Naked short selling is selling shares one does not own and will never purchase or deliver.
These are non-existent, unregistered and counterfeit shares not issued by the companies in whose names they are sold. The SEC, however, is paid a fee for each such share sold.
Each such sale is an illegal violation of the securities statutes as the sale of unregistered securities and a violation of the anti-counterfeiting statutes of the United States, 18 U.S.C. Sections 513, 514.
Naked short selling is grand larceny under the laws of every State.
The SEC denied and ignored frequently requested assistance by the plaintiff to combat the naked shorting of his Company’s shares.
The SEC denied that naked short selling existed or was a problem.
The SEC after more than fifteen years still denies the existence of this national scandal.
The long-term naked shorting scandal by Wall Street firms of the shares of small public companies destroyed thousands of those companies and the investments of millions of American investors, including over 65,000 Universal Express shareholders.
This will be the primary investment funding traunche sought for the case. While the total possible compensation in this case may be as high as $836,000,000.00, we are offering compensation to investors in this crowd funding raise as A PERCENTAGE OF THE AMOUNT RAISED FOR THE INVESTMENT EFFORT. For this initial fund raising effort the total amount of $1,000,000.00 or a 500% return on the $200,000.00 investment is offered. Future crowd funding traunche efforts will offer similar returns AS A PERCENTAGE OF THE AMOUNT RAISED FOR INVESTMENT ONLY. For Attorneys that may become involved in our representation, a contingent fee as a percentage of the total compensation received may be negotiated, exclusive of returns offered for crowd funding investments.
Username |
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soldshort |
E-mail Address |
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info@soldshortinamerica.com |
Country Where Your Dispute Is Located |
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United States |
How Much Litigation Funding Do You Want To Raise? |
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$200,000.00 |
Headline For Your Litigation Crowdfunding Campaign |
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SEC COVER-UP EXPOSED |
Description Of Your Legal Dispute |
| |
Seeking funding for legal expenses and representation in a case against the U.S. Securities and Exchange Commission to be brought in the U.S. Federal Court of Claims for the amount of $836,000,000.00.
This case was previously submitted to the United States Supreme Court, but was denied hearing. That Sumpreme Curt brief is available for review. The case now advances to the Federal Court of Claims.
Plaintiff Richard A. Altomare, et. al. brings this action against the Securities and Exchange Commission (the “SEC”) for its fraudulent failure for more than fifteen years to do its statutorily mandated duty to regulate naked short selling.
The SEC targeted and prosecuted the plaintiff for many years, and then and unjustly incarcerated him in an attempt to silence him as the most prominent whistle-blower against naked short selling and the SEC’s malfeasances.
These SEC actions to silence the plaintiff deprived him of his freedom of speech, life, liberty, property, contractual rights, reputation, business positions and future endeavors in violation of the First and Fifth Amendments of the United States Constitution.
This Court has jurisdiction pursuant to 28 U.S.C. Section 1491.
This case involves the failure of the SEC to stop naked short selling and to expose SEC agents who destroyed Universal Express and the plaintiff, Mr. Richard A. Altomare, its President and CEO, and thousands of other middle-class, Main Street small publicly-traded companies, resulting in the loss of billions of dollars of the life savings of small investors and the loss of tens of thousands of jobs.
Despite the efforts of the plaintiff, SEC administrations have failed for more than fifteen years to take any effective regulatory or enforcement action against naked short selling or the naked shorters themselves.
Congress mandated in Section 17(a) of the Exchange Act that the SEC has the duty to assure “The prompt and accurate clearance and settlement of securities transactions… necessary for the protection of investors…” i.e. the duty of the SEC under the law to prevent and stop the naked short selling of shares.
The failure to regulate and the failure to enforce naked shorting statutes and rules by the SEC borders on criminality, cover-up and conspiracy.
Naked short selling is selling shares one does not own and will never purchase or deliver.
These are non-existent, unregistered and counterfeit shares not issued by the companies in whose names they are sold. The SEC, however, is paid a fee for each such share sold.
Each such sale is an illegal violation of the securities statutes as the sale of unregistered securities and a violation of the anti-counterfeiting statutes of the United States, 18 U.S.C. Sections 513, 514.
Naked short selling is grand larceny under the laws of every State.
The SEC denied and ignored frequently requested assistance by the plaintiff to combat the naked shorting of his Company’s shares.
The SEC denied that naked short selling existed or was a problem.
The SEC after more than fifteen years still denies the existence of this national scandal.
The long-term naked shorting scandal by Wall Street firms of the shares of small public companies destroyed thousands of those companies and the investments of millions of American investors, including over 65,000 Universal Express shareholders.
This will be the primary investment funding traunche sought for the case. While the total possible compensation in this case may be as high as $836,000,000.00, we are offering compensation to investors in this crowd funding raise as A PERCENTAGE OF THE AMOUNT RAISED FOR THE INVESTMENT EFFORT. For this initial fund raising effort the total amount of $1,000,000.00 or a 500% return on the $200,000.00 investment is offered. Future crowd funding traunche efforts will offer similar returns AS A PERCENTAGE OF THE AMOUNT RAISED FOR INVESTMENT ONLY. For Attorneys that may become involved in our representation, a contingent fee as a percentage of the total compensation received may be negotiated, exclusive of returns offered for crowd funding investments. |
Featured Image For Your Litigation Funding Campaign |
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End Date Of Your Litigation Crowdfunding Campaign |
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2016-09-30 |
How Much Compensation Can You Receive If Your Case Wins? |
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$5,000,000.00 |
Percentage Of Future Potential Compensation You Are Offering As A Reward (Success Fee / Contingent Fee) |
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20% Of Amount Recovered |
| AUTOMATIC CALCULATIONS |
Potential Return Of Investors (Percent) |
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500 |
Estimated Total Reward Offered To Investors |
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$1,000,000.00 |
Estimated Remaining Compensation For Litigant |
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$4,000,000.00 |
Role |
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Litigant |
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International arbitration case analysis is provided to Invest4Justice by the lawyers of the International Arbitration Attorney Network. All other legal advice is provided by Aceris Law LLC.
Estimated 500% Returns: SEC COVER-UP EXPOSED
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