BREAKING: Citadel Under Investigation by Department of Justice

DOJ is investigating Citadel
The DOJ is investigating Citadel for market manipulation

Bloomberg just confirmed Citadel is one of the hedge funds under investigation by the Department of Justice.

Regulators are taking Morgan Stanely and several other hedge funds to court after several subpoenas were sent out earlier this year.

Bloomberg’s report confirms Citadel is one of the hedge funds on the list who the DOJ is seeking information from.

Keep reading to watch the Bloomberg clip below.

franknez.com

Welcome to Franknez.com – this clip came about on Twitter where a community member shared the Bloomberg news. Citadel is under investigation by the DOJ and the community is spreading this like wildfire.

Let’s dive right into it!

Bloomberg: Citadel under investigation by DOJ

Citadel under investigation by DOJ Bloomberg

Citadel has been one of the hedge funds/market makers who has been attacking AMC Entertainment stock.

Predatorial short selling strategies were exposed by the AMC and GME stock communities after the ‘meme stock’ frenzy fiasco early last year.

Both these stocks’ share prices have been suppressed by dark pool trading, naked short selling, spoofing, and through OTC trading.

The hedge fund is now being investigated after subpoenas were sent to numerous hedge funds and banks who might be connected.

Morgan Stanley and Goldman Sachs are two of the banks that are being ordered to court.

Among Citadel is a hedge fund by the name of Element according to the Bloomberg report.

Other Citadel news

Citadel News

Citadel received a $1.2 billion lifeline from partners Sequoia and Paradigm early this year, the first time the company receives private funding.

The hedge fund is estimated to have lost several billions of dollars last year shorting AMC and GameStop.

Deputy Global Treasurer Michael Kurlander also resigned last year after 4 years with Citadel.

He left in June of 2021, right when ‘meme stocks’ were at their peak.

The hedge fund announced late last year to its customers they would be imposed heavy fees if they withdrew their investments.

The company also said getting back in would be nearly impossible.

After a year of shorting so called ‘meme stocks’, the community discovered Ken Griffin owns company shares of News Corp., a corporation that owns Wall Street Journal, Market Watch, and a number of other platforms that have been attacking AMC and GameStop.

These mainstream platforms have lost a lot of trust from retail investors due to major conflict of interest.

Other recent probes by the Justice Department

Muddy Waters Hedge Fund Probe
Muddy Waters Hedge Fund Probe – DOJ Investigates Citadel

Muddy Waters was recently probed for flooding the market with fake orders.

Many retail investors doubted the SEC or DOJ would take action, but it seems actions spoke louder than words this time.

Still, only time will tell where these investigations go.

What do you want to see come out of this investigation?

Leave a comment below with your thoughts on the matter.

This is a developing story.

Join the newsletter to get notified on new updates.

Follow me on: Twitter | Facebook | YouTube | LinkedIn

Read: How do hedge funds manipulate the stock market


42 Comments

  1. Stripper Nicky

    Get rid of these bernie maddoff mother f’ers!

    Rico charges now

  2. Stripper Nicky

    Starts w citi, ends w citi!

  3. Daryl T Olson

    Look at the bigger picture, also, and ask why mainstream media never discusses private banks (Fed) control of currency and monetary policy for their own profit? Why has Federal Reserve been exempted from Federal and state income taxes, which allows them trillions of income tax free? Is the Fed (owned by super rich) basically organized crime on steroids? It explains why selling unlimited fake shares (such as of Boeing) and hiding trades in DTCC goes on unchecked. An article indicates Federal Reserve directed all U.S. NYSE transactions must settle thru DTCC. DTCC was set up and owned by Federal Reserve. It explains why selling unlimited dollars of fake shares and forcing settlement thru corrupt/controlled DTCC allows super rich an unbelievable gravy train, which has continued for decades

    Posted by John P. Curran (July 14, 2019):
    “Privately-owned banks own the stock of the FED. Who owns the FED? The Rothschilds of London and Berlin; Lazard Brothers of Paris; Israel Moses Seif of Italy; Kuhn, Loeb and Warburg of Germany; and the Lehman Brothers, Goldman, Sachs and the Rockefeller families of New York. Did you know that the FED is the only for -profit corporation in America that is exempt from both federal and state taxes? The FED takes in trillions of dollars per year tax free! The banking families listed above get all that money.

    The FED basically works like this: The government granted its power to create money to the FED banks.
    They create money, then loan it back to the government charging interest. The government levies income
    taxes to pay the interest on the debt. On this point, it’s interesting to note that the Federal Reserve Act and the sixteenth amendment, which gave Congress the power to collect income taxes, were both passed in 1913.”

  4. Kjelle

    Nice artikel – to mutch advertising though

  5. Daryl T Olson

    Boeing is another example of extensive naked shorting (appears selling fake shares between accounts using wash sale algorithm to force price down). Jan 20,2022 1,370 21 Jan $212.50 puts bought at $.36 at 0941 EST while stock at $219.05. MM/Hedge funds drove price down 14 points to $205 at close next day for about a 20-1 return on $50k put buy or $1 million profit in 1 day. They bought 4,000 21 Jan 220 puts at 1547 EST on 20 Jan ($5.42) while stock around $215.50. It returned about $4 million profit on $2.168 million buy in 1 day. There are more examples.
    I sent above info to SEC, AG/DOJ, and Senate Banking Comm (Sen. Warren, Shelby..) – still waiting for any corrective action (not holding my breath).
    There was article on GS getting caught/fined 3 times for illegal naked shorting in Korea in 2019/2018 timeframe, as well as gov documented GS entering short sale for 350 different stocks at once. Per article, brokerages aren’t allowed to hide trading data from public/gov in Korea (not as corrupt as here?).

  6. Mike Ramirez

    I’m sorry but I can’t find anything on Bloomberg about this on March 11, unless you’re referring to old news reported in February? Can you please supply the link to what you are presenting as “new” information.

    • Frank Nez

      The video is embedded in the article. It was announced by Bloomberg.

  7. Bobbijo Lopez

    Thou shall not Steal for a reason. They should be treated just like the grama that had people move into her home and stole their SS / SSI Benefits for her financial gain. And stop with the by laws within the company and organization so that they can force the Federal Laws.

    • Frank Nez

      πŸ’―πŸ’―πŸ’―

  8. AMC 2 MOON

    I wanna see ken friggen short sellin bed post breaking mayo loving griffin end up in prison for a horrible horrible and historical fraud!!!

    • Frank Nez

      πŸš”πŸš¨

  9. Justin Centz

    I think they should charge them under the Rico act! If the Feds brought down the mob under the Rico act it will work for Wall Street crooks! Also instead of fining them , they should get a year for every Million Dollars they have stolen form retail traders!

  10. Chris Fisher

    Orange jumpsuits and short steps because of the shackles. That’s what I want. Right after MOASS destroys these guys financially forever!

  11. Frank Nez

    😀☝️

  12. Frank Nez

    πŸ˜€πŸ’―πŸ’―πŸ’―

  13. Frank Nez

    πŸ‘€πŸ‘€

  14. Barry John

    Fines are pointless,let’s bring in the RICO act for fraud and racketeering and hand out some jail time! These people have stolen TRILLIONS

  15. Arthur Watson

    Kenny, was able to get rid of all the computers in Chicago, move his money to the Caymans, and fly out of the country before the DOJ started their investigation on him. Not to mention the warehouse that mysterious burn down with supposedly faulty fire sprinklers.

  16. jupiter250x

    If the system worked Ken Griffin would be serving ten Years.

    • Frank Nez

      🀞

  17. Bill

    Hopefully the license they have to play God finally gets revoked. At the very least there should be regulations put on high frequency/ algo trading short selling and dark pool trading..

    • Frank Nez

      πŸ’―πŸ’―πŸ’―

  18. Jason

    If 401k’s are the new savings for retirement then something better get done because people can’t afford to lose money every 10 years when the market crashes. Also when these crooks make billions a year the money comes from somewhere and it seems as if it comes out of my 401k that I have no control over till I’m 65

  19. Bobbijo Lopez

    DOJ could look into why entities are getting funds for accommodation for the disabled that has put a limit on the accommodation. To create by laws so the don’t have even though it is required when receiving funds.

  20. Jamaal

    Hedge’s must not care cause they are still doing what ever it takes to keep the price down while they are supposedly being investigated.

  21. Robert

    I hope justice will get served to all of the GME and AMC long share holders! This can’t be allowed to go on without the destruction of the retail stock markets! When trust is discarded then the integrity isn’t going to be pleasing when retailers bail out with their investments!

  22. Liam Douglas Malkan

    We need to eliminate all short selling. BS you can sell something you don’t own. I will sell you the Brooklyn Bridge then.

  23. David Hargraves

    If someone doesn’t go down for this you will no for sure Doj and sec were Lamborghini

  24. Spoofer

    This is all for show. Means nothing.

    • Frank Nez

      This is very significant. The community earned this.

  25. ZZZman

    My biggest fear is that this is theater like the TSA. It was a punch in the face in 2008 when nobody was cuffed. No fines, no new regulation, I demand a perp walk. Cuffed hands that have never worked a day in their life. Will I get my druthers? Probably not. Can I enjoy the possibility, however slim, yessir!

    • Frank Nez

      I don’t think the people will allow criminals to easily get away with this one brother. The community wants justice!

  26. Dan

    Cell or no sell Kenny!!

    • Frank Nez

      πŸ”₯πŸ”₯πŸ”₯

  27. Ligma Balls Griffin

    Rip Bozo

    • Frank Nez

      πŸš”πŸš¨

  28. Frank Nez

    Let’s start a discussion!

    • Craig

      Good to see that something is actually happening…and I’m happy to see that…but what are the odds that this will change anything?
      It seems like nothing ever changes…and nobody is ever held accountable.

      • Frank Nez

        Our society today makes sure crooks get held accountable. It will happen.

        • louieblouie

          Clearly you don’t work in law enforcement….. people are held less accountable every day – which is why we see crime increasing and more unaddressed assaults on law enforcement.

          • Bobbijo Lopez

            Ok so why do I have Trumped Cases listed in my docket sheets fies. Why was I denied a trail after asking 3 times. Why am I beforced to take a pleas? Why am I never allowed to write a defense statement? one time I was allowed. Why am I beforced to have a Public Defender without filling the application? Why is a Judge submitting petition under my name as I was the petitioner? Statue Conference to deny one right to a speedy trail. Seriously it is out of control. Crimes have new definitions, Black Law Dictionary.
            Officers lie saying they have warrants then to find out they didn’t get the Judge to sign te Affidavit of Probable Cause form because your already in jail. Supreme Court Rules Lower Courts are not watching. Kings Bench. Is this considered White Collar Crimes? Attorney General Merrick B Garland HELP!

        • Bobbijo Lopez

          Well why do they get indicted and other go straight to jail? Not fair!

© 2022 Franknez.com

Theme by Anders NorenUp ↑

%d bloggers like this: