Congressman Ted Lieu Accuses Trump Of Stock Market Fraud And Opens Investigation

[Yo_Mama_Been_Loggin]

The House of Representatives may soon be able to add a new high crime and misdemeanor to the growing list of articles of impeachment against President Donald Trump.

Specifically, Trump is suspected of manipulating futures on the Chicago Mercantile Exchange by making statements that allowed investors to turn billions of dollars in profits, some of which may have directly benefited Trump and members of his family, according to a blockbuster report from Vanity Fair:

In the last 10 minutes of trading at the Chicago Mercantile Exchange on Friday, September 13, someone got very lucky. That’s when he or she, or a group of people, sold short 120,000 “S&P e-minis”—electronically traded futures contracts linked to the Standard & Poor’s 500 stock index—when the index was trading around 3010. The time was 3:50 p.m. in New York; it was nearing midnight in Tehran. A few hours later, drones attacked a large swath of Saudi Arabia’s oil infrastructure, choking off production in the country and sending oil prices soaring. By the time the CME next opened, for pretrading on Sunday night, the S&P index had fallen 30 points, giving that very fortunate trader, or traders, a quick $180 million profit.”

-snip-

These and other suspicious market moves tied to statements from Trump are now under the microscope thanks to two Democrats in the House, Reps. Ted Lieu (CA) and Kathleen Rice (NY), who have written letters to multiple federal agencies, Common Dreams reports:

-snip-

Link to tweet

?s=20

http://deepleftfield.info/congressman-accuses-trump-of-stock-market-fraud-and-opens-investigation/amp/?__twitter_impression=true

[Kingofalldems]

1. BOOM!

[rurallib]

26. lord I hope BOOM!

[dalton99a]

2. Kick

[malaise]

3. Get thee to the greatest page

RFN!

[ck4829]

25. Let me help you out there

[11 Bravo]

34. I'm in, as well.

[calimary]

38. So am I. And joyfully so!

[underthematrix]

4. Yep. The public already figured this out.

[SergeStorms]

60. Maybe a few of the public...

but the vast majority of people know nothing about this. Hopefully many more know now. Of course none of Trump's cult will ever know, because FOX hasn't told them what to think about it, and never will.

[Eliot Rosewater]

5. and muuuuuuuuuuuuuuuuch more to come

[Lexee]

6. Oh wow. Here we go. This is a good one.

[gratuitous]

7. I already know the media's response

"It's just too complicated! Nobody understands selling short! Witch hunt, because Trump said so." If that first wave of hand-waving doesn't take care of it, we'll be treated to the startling news that $180 million just isn't all that much money. Followed by a story about how raising the minimum wage by a buck an hour is so expensive.

[triron]

20. Or democrats need to focus on getting legislation (bipartisan) passed.

[rickyhall]

27. McTurtle wont allow that.

[DanieRains]

32. Mitch Will Stop All Legislation Don't Show Up For Confirmations Without Moving Forward On Bills

The Senate is only open to put right wing nutjobs in the courts. Stay home Chuck. No bills no quarum no judges.

[Pacifist Patriot]

73. That was exactly my gut reaction.

No traction because the electorate will be deemed too dim-witted to comprehend.

[42bambi]

8. Drip, Drip, Drip.

[erronis]

11. More like plop, plop, plop. If this is true (and I think it is), this is much pigger.

[BlueIdaho]

9. What took them so long?

Trump’s words yo-yo the markets with predictable regularity.

[robbob]

57. Yes, but how to prove he's doing it to benefit certain people

And leaking his intended statements to these people specifically so they can benefit? Insider trading, in other words. I mean, anyone could listen to the madman rant and then say “this probably means soybeans are going to drop in price...”, but that’s not a crime. Now, if he picks up the phone and tells investors that he’s announcing new China tariffs in the morning, so short soybean futures, that’s a whole other story.

How to prove it?

[BlueIdaho]

59. Difficult to prove for sure...

But even if he picks up the phone to his own broker the night before - that’s still a crime. All I know is if we don’t start trying - that SOB is going to make a fortune off of his White House crimes.

[SWBTATTReg]

10. Yes, he is. I wonder how many of his buddies sneak off to buy/sell in advance of his so...

called announcements? Another profound reason NOT to invest in the markets when they are being so blatantly manipulated. This is fraud, through and through.

[Kingofalldems]

12. Some people need to start singing soon.

Jail awaits them.

[Roy Rolling]

13. October

The letter was sent months ago. I was wondering why the story fell off the radar and stocks have climbed steadily since then.

Even the timing of news stories regarding such events can be nefarious.

Any updates anyone? If true, Trump will no longer be able to say “new all-time highs in stocks” anymore.

It’s accepted that in the long-term, stock prices reflect earnings and assets. In the short-term, news events rule trading. So either it’s a story to crush traders who are short stocks, or long-term investors were just waiting for 2020 to sell and deal with the capital gains in 2020 instead of 2019 and ignored the story until now.

Like stock prices, who the fu*k knows?

[Bettie]

14. This makes me smile

and it also makes me confused.

How can anyone vote for a guy who is openly, blatantly corrupt in everything he does?

[Bonx]

15. Trumps goose is cooked this time!

[mahina]

16. Holy SMOKEs

That is fire!

[fleur-de-lisa]

17. K&R

Another article of impeachment?

[IronLionZion]

18. I hope they find enough evidence of this

somebody involved must have slipped up somewhere and left a record. A little string. And we can pull on it until it unravels the whole thing.

[bucolic_frolic]

19. The whole China Tariffs ON/OFF switch seems ripe for investigation too

Tariffs. Market plunges 1700 points. No Tariffs! Up 2200. Partial tariffs on $100B merchandise. Market plunge. China retaliates. More plunge. Oops, Trump & Xi to work together. market takes off. Whoops! Impasse, $300B more tariffs. Plunge. China retaliates again. Down we go. China devalues. Stock rocket. Delay in tariffs. Partial agreement until spring. Up some more.

Somebody's playing those swings. Wilbur Ross? Mnuchin? Kudlow? Would you trust them with your money? How about your government?

[uponit7771]

69. +1

[Kingofalldems]

21. Impeachable offense.

[Auggie]

22. THANK YOU, reps Lieu and Rice

[NRaleighLiberal]

23. I've been watching 3 years of this manipulation bullshit.

Nail his ass on this.

[ck4829]

24. K&R

[pandr32]

28. Nail him to the wall!

[Mersky]

29. Good! Get 'em!

tRump’s been up to no good with his power to effect the markets.

[cp]

30. Thank you, Lieu and Rice

Good work!

[Cosmocat]

31. He has been doing this since day one

Everything revolves around leveraging tge office to turn a buck.

[stuffmatters]

35. &Trump used to do it in NYC: buying up a stock, then indicating he was buying that company.

Once its stock shot up, he'd dump the stock and only after let it be known he'd changed his mind.(and the stock would fall)

He's just pulling off the same con on a global scale using international agreements,treaties, alliances. No wonder he was determined to tear everything up from the get go...so he could get this massive grift going.

[SCVDem]

33. When I get my retirement

I will NOT be investing in this corrupt country

I no longer trust America!

[mopinko]

41. i got a fat 401k in my divorce. i bit the bullet and paid the taxes so i could get the money

and invested in something i trusted.

[calimary]

46. And that is how he hopes to destroy America.

Russia’s biggest adversary. I can imagine him dreaming about this from the time he was operating at the lower levels of the KGB. “What if I could build my country back up? Get those satellite countries back under OUR control again. Knock America down, and OUT, so they’re not a problem for us anymore. Maybe help shape a worldview that they aren’t the good guys anymore and they can no longer be trusted.

I can just see the daydreaming.

[SCVDem]

48. I choose to avoid Republican

Controlled banking.
If I get wiped out I'm dead!

Get their plan?

[ArcticFox]

36. Are they saying Trump knew Iran would attack hours before?

A "group of people, sold short 120,000 “S&P e-minis” [at] 3:50 p.m. . . . . A few hours later, drones attacked a large swath of Saudi Arabia’s oil infrastructure . . . ."

[Kablooie]

37. But if proven wouldn't the traders be the ones who committed the crime?

If Trump told some people details of what was about to happen it would be the investor's reaction to his statement that was illegal, not him stating it.

That is, of course, if he didn't advise them to sell. Knowing how Trump works it's unlikely he would have said something that leave him vulnerable. He always dances around topics and hints instead of stating things openly so he can deny responsibility later.
I suppose that's what this investigation is intended to reveal.

[smirkymonkey]

39. Thank you Reps. Lieu and Rice!

It's about time!

[BKDem]

40. Would Trump do something like this? Yes.

Would he do it without somehow getting a cut of the windfall for himself? No.

[turbinetree]

42. This crapola has probably been going on since the traitor got into office................

Boom......................

[spanone]

43. K&R...⭐️⭐️⭐️⭐️⭐️

He pulls this shit a couple of times a week. Part of todays bump is him telling the media 2 days ago he'll be signing deal with China.

Trump says he will sign ‘phase one’ China trade deal on Jan. 15 at the White House

https://www.cnbc.com/2019/12/31/trump-says-he-will-sign-phase-one-china-trade-deal-jan-15-at-the-white-house.html

[Scruffy1]

44. I've suspected this since day one.

It really explains how "loyal" some of his rich supporters are. A little beforehand knowledge about trade and world events goes a long ways in the futures business. Futures are designed and used mainly as a hedge, not a profit making scheme. After all it's a zero sum ;game with a commission both ways. When someone makes a huge amount of profit almost immediately it raises many red flags.I think it would be easy to spot the corruption. Compare the list of big money Trump donors and big money winners. Bingo.

[Midnight Writer]

45. Pre knowledge of market disruption is not necessary for a high speed trader to make money.

When you have machines running trading programs that can make thousands of trades a minute, any volatility is profitable.

To keep the richest investors happy, all Trump has to do is move the market one way or another.

For example, one day he can say he has reached a trade deal with China. Market jumps up. One week later, he announces another round of tariffs on Chinese goods. Market drops. Either way, the computers take advantage of the movement.

[Vinca]

47. His manipulation has been so obvious it can't be missed.

He says he's got a trade deal with China - when he doesn't - and stocks go up. A couple of days later he pretty much says "oh, never mind" and stocks go down. He's done this over and over and over.

[sprinkleeninow]

49. Bringin' it! YEAH! eom

[Ferrets are Cool]

50. Damn, I hope this can be proven

[orangecrush]

51. KICK...

His orange ass right out!

[Aaron Pereira]

52. Good. The SEC can trace who was behind the trades and connections can be investigated.

Only a guess but I think they'll end up looking at Jared Kushner.

[SayItLoud]

53. Remember the Aluminum Tariffs?

tRUMP on his private cell phone "asked an expert what he thought about putting tariffs on Aluminum" The experts name? Carl Icahn.

Don't know what the back and forth was but several days later Icahn sold all his shares in an aluminum company. Within days tRUMP announced Aluminum tariffs.

Before Trump Announced Tariffs, Icahn Sold Off Millions In ...
https://www.npr.org › 2018/03/03

This times 10 with tRUMPs tips to Russians, friends, and family. What's the old sayin? Follow the money. tRUMP and the tRUMP crime family (Kushners) are dirty.

[Baked Potato]

54. Disgusting corruption

Third World level criminal.

[oasis]

56. He got caught......again.

[extvbroadcaster]

58. I've long suspected this

If you follow the stock market, you probably suspected this. Years ago, there was a book about a writer of "heard on the street" - a partner would buy or sell stock right before publication. The column would move the market a bit with good or bad news, and the heads up before it went to press provided profits. Now Trump is doing the same thing. He tips off some partner about an upcoming tweet, and they trade off it. Trump gets his taste, of course. Who knows how many ways he gets "tribute" - foreign governments staying in his hotels, him charging the US taxpayer for golf, you name it. What an out and out criminal.

[Miguelito Loveless]

61. I have said repeatedly that the Trump presidency, and BREXIT

were stock frauds.

[cbdo2007]

62. "Which may have directly benefitted Trump..."...they have proof

And they know who made the trades, otherwise they wouldn't make a statement like this.

[SunSeeker]

63. K & R for exposure.

[riversedge]

64. good

[KPN]

65. About frigging time! This has been obvious since the very 1st tweet

Last edited Fri Jan 3, 2020, 11:06 AM - Edit history (1)

about trade wars and/or the Fed! Geezuz!

It’s been like Alfred E. Neuman’s: “Don’t just do something, stand there!”

[uponit7771]

68. 👍🏼

[mahina]

66. No day more than today.

Better believe he made money from this assassination.

[uponit7771]

67. ***TRUMP DID PUMP AND DUMPS IN THE LATE 80s !!! *** Ended with a p&d of American airlines.

Trump is a greasy bastard

[Kid Berwyn]

70. One moron's trash talk...

...is another moron’s treasure.

Trump is going to jail.

[lordsummerisle]

71. k&r thanks n/t

[ewagner]

72. About time!

These "coincidences" are getting out-of-hand....

If trump has any competent financial advisors at all, he would have known about his ability to manipulate the markets.

[CountAllVotes]

74. K&R !!!!!!

What took them so long?

[bucolic_frolic]

75. With the market at all time highs, somebody got a good short yesterday

before the strike against Iran's military leader.

Timing is everything. With Trump in office, just find an extreme and go the other direction. He'll assist.

[LessAspin]

76. Trump told Mar-a-Lago patrons to expect 'Big' Iran action ..

Link to tweet

[ck4829]

77. Interesting

[ecstatic]

78. Good. Add this and the emoluments violations to the articles

All of this s*** needs to be documented for the history books.