(Thanks, A. :)

Reader A. forwards to us this link to a July 2011 article:

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Rupert Murdoch's media empire reveals unprecedented $8+ trillion SEC scandal
http://www.examiner.com/article/rupert-murdoch-s-media-empire-reveals-unprecedented-8-trillion-sec-scandal

Article begins:

Several days ago, Steven Jones of Dow Jones Newswires – a News Corporation company – broke what may be the story of the Millennium, literally.

According to 69 recent SEC filings that have now “vanished”, a Texan by the name of Johnny Earl Satterwhite claims to hold over $8 trillion in public companies like Microsoft, Exxon Mobil and City National Bank, among others.

Jones also obtained documents that show Satterwhite falsely warranting his ownership of almost one trillion shares in Microsoft. This is 100% impossible, as Jones brilliantly notes:

That is about 1,500 times more than company co-founder Bill Gates owns, and, in fact, more than the 8.4 billion shares Microsoft has issued in its 36-year history. Satterwhite's filings on Exxon Mobil, City National Bancshares and other companies claim similar-sized stakes, which exceed the number of shares outstanding at those companies.

Ladies and gentlemen, a scandal far larger than Bernie Madoff has just been uncovered and this is one element of a much crazier narrative.
Satterwhite told Jones he filed these false documents for a “group of individuals” that “don't want it known who they are”. This is apparently no issue for criminally negligent officials at the SEC; Satterwhite said no one at the SEC ever questioned his blatantly untrue assertions.

In light of these developments, several elements of the dismissed multi-trillion dollar CMKM Diamonds lawsuit – exclusively pertaining to allegations of a naked short selling tsunami under the SEC’s watch – no longer sound like they’re from Mars. ...

Full article:

http://www.examiner.com/article/rupert-murdoch-s-media-empire-reveals-unprecedented-8-trillion-sec-scandal

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