Welcome back to the channel everyone today, i want to talk about how the department of justice has been spying on the hedge funds and what this means for the amc squeeze so stay tuned and let's make some money, and now i want to dive straight in with The key information, so, according to a wall street journal report, the justice department has been collecting private conversations and trading records as part of an investigation into whether short sellers have used illegal trading tactics to manipulate the price of shares on the market, and i think the Most important - and the most impressive thing here is that the doj has been collecting private conversations, as in they've been spying on the hedge funds, potentially even by phone taps or wiretaps. Typically, it's not very easy to get access to private conversations and private trading records, but obviously they've done just that the department of justice must have been listening in somehow to get access to these private one-to-one conversations. Now this has been reported by the wall street journal and also by the street. Now the street is the company or the platform that jim cramer either currently works for or used to report for before going to cnbc the report says: gamestop investors should be feeling vindicated.

This week, that's because the us department of justice is investigating short selling practices. Retail investors have been complaining about when it comes to gamestop and obviously amc. According to that wall street journal report, the doj has been collecting private conversations and here's what the doj investigation could mean for the gamestop and amc stocks. Obviously, at the moment, the department of justice is not only investigating communication between hedge funds, but they're also investigating short sellers for alleged illegal trading practices involving spoofing and scalping later on in the video.

Obviously, i'm going to talk about why it's not just spoofing and scalping the department of justice should be worried about and how we can actually convey this information directly to them. In my video the other day, i gave cory and tara a bit of a shout out and said that it's incredible that we're collating all of this information. But now i think we need a place to send that information to get it. The department of justice and obviously today, i've got you exactly that, but let's continue with the article just for the moment it says spoofing is a market manipulation tactic in which a trader issues an order and cancels it before it's executed to create an illusion of supply And demand this pressures market participants or scares them off into buying or selling the stock.

Now there is actually an anti-spoofing statute as part of the 2010 dodd-frank wall street reform act, but obviously it's not being followed, even though spoofing is evidently illegal. On the other hand, scalping, and not just specifically, trade scalping, where you scout a few cents of a very trade, but this scalping is similar to pumping and dumping. It consists of buying a security before recommending the same security as a long-term investment or going short on the security before publishing a hit piece, also known as a short understore scheme. After making the recommendation, scalpers then sell their positions or cover their shorts for a large profit, and obviously it refreshes that currently around 30 short selling firms are being investigated among them are muddy waters, citroen research, hindenburg research, sophos capital, melvin capital and now obviously citadel as Well - and i think one very very important thing is this final closing remark: remember this article has been published by the street the firm that jim cramer either worked for or helped a found.

It says in any case, gamestop and amc's. Official short interest is still high. It's possible: we could see another short squeeze in gamestop and amc again if the bullishness continues to grow so clearly, even the straight thinks that amc and gamestop could very likely see another squeeze and therefore clearly the street. Even some mainstream media believes it's very likely that amc and gamestop could see the eventual short squeeze guys if you're getting a little bit worried, leaving your amc, infidelity or an e-trade due to all the recent glitches and the fact that fidelity actually supports short sellers memory.

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Mumu also publishes daily short selling data position, cost distribution and a number of other key indicators so guys be sure to sign up to mimi, using the link in the description below and make your first deposit to get up to seventeen thousand five hundred dollars in free Stocks and a free share of amc and now user of intellect has tweeted, saying important, share, act and alert. This is a call for a collaborative effort to provide the department of justice with documented evidence of short sellers, illegal activities beyond spoofing and scalping. This is the time this is our turn. Please read the thread.

They've said the department of justice is focused on spoofing and scalping as the most rudimentary types of market manipulation is alarming. We have sparked a fire and shouldn't. Let it die out. Shorts can dodge this or pay fines, and it's now our obligation to slap the due diligence on a dossier now, obviously, while spoofing and scalping is definitely a form of market manipulation, it's not the most worrying nor the most damaging form of market manipulation.

And therefore, this is our opportunity to bring to light all of the different forms of market manipulation with evidence directly to the department of justice user of intellect says, retail has gradually but consistently provided significant amounts of documented evidence for high-speed algorithmic trading. Front-Running orders the market makers dilutions beyond requirements of an orderly market, as in with synthetic shares, dark pool, abuse brokers, phantom shares, infinity loops and much much more they've said we can create a collaborative group with a page or platform shared document, so we can gather all There is that needs to be looked at by the department of justice. Please do not take this opportunity and burden lightly and, as corey says, he's been underway. Doing this and he's been doing this now for nearly a year, he's begun compiling all of the information required into a thread 10 tweets at a time, and he said he's going to release part 2 on sunday and all of the evidence is going to be submitted Through the sec fbi and department of justice websites, as well now user of intellect has also provided a link to submit your evidence of market manipulation.

You can either provide it directly to user of intellect, via the log the flow website or publish it directly to the department of justice via the department of justice.gov website, link. Obviously i'll leave the link to both of these submission pages in the description below. So you can either submit your evidence directly to the department of justice or to user of intellect for them to collate and publish to the doj. Now not only is charles gasparino and jim cramer been on a bit of a deleting spree, but interestingly, so is the motley fool.

Even mainstream media is starting to realize just how much hot water they're actually in the motley fool has deleted about half of their articles. Regarding amc, all of the articles pictured below are gone and have been deleted by the motley fool. Now this is about 20 articles published by the motley fool relating to amc over the last year, and all of these 20 articles have been deleted already. Obviously, even though they've been deleted, i imagine many people took screenshots of these articles before they were actually deleted and actually gone, and therefore the evidence still exists.

I think it just goes to show that even mainstream media realize how guilty and how implicated they actually are in all of this, and that's why they've resorted to trying to delete, tweets and trying to delete news articles now. Interestingly, if you didn't already know, there's just been a massive credit, suisse leak, similar to the panama papers or the paradise papers, and these are called the swiss secrets. This leak reportedly reveals possible criminal ties among 18 000 credit suites accounts. The article says swift secrets: a massive leak of credit suisse bank records exposes a hundred billion dollars held by 18 000 spies, strong men and criminals, and therefore credit suisse has been directly aiding criminals for a number of years and helping them launder up to a hundred Billion dollars again, this goes to show just how corrupt the financial system really is and just how much work is really needed to create a fair and free market.

Swiss secrets, as the leak is being called, was coordinated by the organized crime and corruption reporting project. The same organization that spearheaded the pandora papers and the pegasus project it says the statistics from the leak are staggering: 18 000 accounts, 100 billion dollars in aggregated assets and some of the accounts dated back to the 1940s. But most of the recent details date back to the mid-2010s annoyingly allowing credit, suisse pr team, just enough plausible deniability to insist that most of the accounts exposed in the leak have already been closed. Now, there's a list of people here all related to some form of organized crime.

Even down to the former zimbabwe and strongman robert mugabe, they've received hundreds of millions of dollars directly into swiss bank accounts. Now, if you want a more in-depth look into all of the people that have been affiliated or exposed in this leak, this link also contains a direct breakdown on the occrps website and, finally, for today, user of intellect has also finally closed the log. The float survey where people were submitting screenshots of their brokerage accounts to independently verify the number of shares they were holding log. The float reached their target goal of collecting a large sample from 10 000 retail investors for a total of 19 million amc shares with this user of intellect is going to perform some basic statistics such as average and median per each retail investor, but also with some Standard deviation and perform a longitudinal study to compare earlier submissions to later submissions versus the obv.

They can then also wait the earlier submissions that have a larger number of shares compared to later submissions which typically have smaller account sizes and, interestingly, this is enabled user of intellect and the team to log international shares for the first time and just to give you A hint our international apes have logged an average of 1 355 shares per investor with a median of 542 shares and hang loose says that on a 50 reduced figure for a conservative estimate, this data suggests 4 billion. Synthetic shares exist in just the us and canada alone. With international investors, market makers have created roughly 5 billion synthetics per hang looses estimate, which is roughly 10 times amc's flow, so hang loose reckons there's even more than 2.5 billion synthetic shares, maybe not quite 20 billion synthetics, but at least 5 billion synthetics, with 5 billion Synthetic shares that shows just how high the amc squeeze can really go and how absolutely drastic and market changing the impact will be when these funds start being liquidated. Guys be sure to.

Let me know down in the comments below what you think about the department of justice, spying on hedge funds and having access to privy private conversations and as always guys, if you enjoyed this video, be sure to check out some of my others. Alternatively, subscribe to the channel and ding that notification bell, because that way, you'll be alerted when i upload a new video cheers.