Today I Want to talk about how Citadel just admitted in court to committed fraud I Want to talk about what's going to happen to Citadel as a result of their admission, but also what's going to happen to North West, Biotherapeutics and AMC and the other meme stocks as a result. So stay tuned and let's make some money. And now that I've straight in with the key information, so hang loose twitch saying this is wild Citadel And the other market makers just admitted in court that they do spoof orders. He said it's insane to realize there is actual litigation which proves everything we've been shouting about for the last two years now.

This is obviously to do the case between North West, Biotherapeutics and Citadel currently being heard in Core. Now, the law firm Cohen and Milstein have just written a response on behalf of the Plantiff Northwest by Therapeutics in response to the defendant's pre-motion conference letters. So they've said, we believe the price of Nwbo shares has not accurately reflected the trial results and the potential of Nwbo due to the defendant's repeated manipulative you think of its shares which has significantly harmed Nwbo and hindered its ability to bring its life extending product to Market And they've said the defendants AK Citadel actually do not dispute that they engaged in the spoofing transactions alleged in the complaint. Instead, the defendants argued the complaint fails to adequately allege sienta or scienta Now I did have to Google What sienta or Santa means, but effectively alleging sienta basically means the defendants weren't aware of any wrongdoing.

The defendants are basically arguing they weren't aware of any wrongdoing. They're saying we weren't aware that spoofing was illegal, and we weren't aware that depressing the price artificially was wrong or illegal too. But they are wrong. First, the defendants AK Citadel argued the complaint fails to allege that the defendants were trading on their own behalf rather than on the behalf of clients, but the law firmer said whether the defendant's trades were in their own accounts or client accounts is irrelevant to their liability under the Securities laws.

And secondly, the defendants argued the plantif fails to adequately allege motive, which again, is wrong. because the defendant sought to purchase Nwbo shares at an artificially depressed price and by spoofing, they drove down the price and thus saved themselves and potentially their clients hundreds of millions of dollars. I Think it'd be very difficult for Citadel to argue that they accidentally made hundreds of millions of dollars for their clients accidentally. Clearly Citadel were aware of exactly what they were doing, pushing the price down in order to achieve a better price or simply crush the company which they were shorting.

So I Think this is an excellent idea from Colonel Milstein to write directly to the courts, basically asking them to overturn Citadel's previous response said that I wanted the lawsuit discarded without prejudice. This basically couldn't reappear in the course again. But now that Cohen and Milstein have argued Citadel Sienta or Scienta as ridiculous, it basically gives the courts no choice But to discard not the lawsuit, but Citadel's previous response and continue with the lawsuit which obviously as Hang Loose tweeted, He said the fact that they are arguing Center awareness of wrongdoing is absurd. He said, they're proposing that none of the seven major market makers understood the tactic of artificially lowering the share price was wrong or illegal, which obviously is rubbish because Citadel has been charged with spoofing in the past and therefore they fully know that spoofing stocks is illegal and oppresses the price.

Now, this is a really, really interesting move by Citadel and I think it's completely the wrong move. Typically with most lawsuits, the SEC would turn around and say Citadel We believe that you weren't aware that spoofing was illegal and therefore we'll just issue you a small fine and say to not do it again. Obviously, Conor Milstein and obviously Northwest Biotherapeutics are completely aware of what Citadel is up to and what they have been up to over the last few years. They very much know that Citadel is fully aware that spoofing is illegal and Colonel Milstein will progress and push the K face further forwards.

I Believe this could actually end up with the SEC or the Department of Justice or the FBI turning around and saying Citadel No, you were aware that suppressing the price and spoofing shares is completely illegal. Therefore, we are suspending your license as a market maker and you'll have to cease to trade now. I Do believe Travis may have hit the head on this one by saying the SEC themselves will do nothing but the FBI and the Department of Justice will. And that's how Bernie Madoff was effectively caught.

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The SEC obviously turned a blind eye time and time and time again, just like they're doing with Citadel right now. and I'm sure if Colin Milstein were a little bit more ignorant, they're probably probably allow the SEC to turn a blind eye once more. But the fact that they are fully aware of what Citadel is doing and has been doing, it's likely the FBI and the Department of Justice will progress it further. As I said, I Do really believe this could end up with Citadel being in a lot of trouble and potentially being suspended as a market maker.

if they don't go bankrupt first, they may be saying hey man, Tom Surely Citadel just made 16 billion dollars ever last year making them the greatest returning hedge fund of all time. well as hang loose tweeted I Don't really think that's the case He said how is Ken Griffin overtaking as the greatest trailer ever when your largest long positions were tanking all year and you also had to sell off a 10 stake in your company for the first time ever? Obviously because you needed to raise cash, you also had to hold client withdrawals, forcing your clients to withdraw over four to six years. not just four to six months, but four to six years. Citadel Also took on several huge loans for balance cheap, bulk string.

Reasons when companies do that is because they've run out of cash and they don't have any assets on their balance sheet and they basically need to take on cash to survive. So why is Citadel taking on cash desperate to survive if they're supposedly the greatest returning hedge fund ever? On top of that, they also forcibly record their entire investment in Melbourne Capital which led to Melvin Capital being forced to shut down. As Hanley said, surely you don't take on tons of loans and force other hedge funds to shut down by asking for your money back or demanding your money back. If you're having a record year, it seems it's just some Creative Accounting from Citadel recognizing their profits and hiding their losses.

If anything, Citadel likely has not had a record year or has had a record year for the largest loss they've ever sustained, not the largest profit they've ever made and therefore Citadel may not be forced to stop trading by the FBI and the Department of Justice if they're already bankrupt and that's why suspended POS tweeted he said I still think that Cambridge everything goes to zero overnight very soon. He said, you don't short the entire Market solo heavily and make 16 billion dollars selling counterfeits expecting to walk away without paying up. He said it's impossible to make that much in a bear Market unless you're doing a legal manipulative rubbish And on top of that, it also looks like the stock market is primed to fall further. As Finance Lancelot tweeted, he said, what if today AKA yesterday was the fake breakout Before the real move begins, you can see consistently over the last year, the S P 500 has fallen a little bit before bouncing back up and then falling again again.

Here in April it fell before bouncing up again as a bit of a false breakout and then falling further again if we look here to September it fell before bouncing up again and falling further once more and more. Recently in December it fell before bouncing up again and actually breaking through the trend line as a false breakout before falling further once again. So he's basically alleging that while we did did touch this trend line and full and we're now bouncing back, he believes it's a force breakout and we're likely to fall further. Starting the next leg down of the S P 500 crash.

Eisenberg Also tweeted about a veteran trader Jeffrey Biermann who said realistically, he believes that we tagged 3200 on the S P 500 to 3300 basically saying he believes the S P 500 is likely to fall from its current area of 4 000 points all the way down below the lows past 3500 all the way down to 3 300. he believes we need one more leg down before the market crash is over before the next Bull Run begins. And as I've said during this final leg down, I Believe that's when tons of hedge funds will be liquidated causing the energy squeeze and that's why Al from Boston believes he said the only way to beat Wall Street and the hedge funds is to hold indefinitely until they capitulate. He said The more they're over leveraged and the more toxic the risk it means.

the more money they spend to hold their special positions and that will happen until they get margin called and the system comes crashing down. These hedge funds have continued to hold their shorts on AMC while their wider long positions have been tanking all year or all of last year and the longer they hold these positions while the S P 500 continues running further and further and further down, brings them closer and closer to liquidation. and obviously when they get liquidated, they will be forced to sell off those lungs and close out of their short positions. But guys, be sure to let me know what you think down in the comments below.

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