PetMed: Exploiting America’s Opioid Epidemic

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IMPORTANT – Please read this Disclaimer in its entirety before continuing to read our research opinion.  The information set forth in this report does not constitute a recommendation to buy or sell any security. This report represents the opinion of the author as of the date of this report. This report contains certain “forward-looking statements,” which may be identified by the use of such words… Read More

Citizens Inc: Former Senior Executives Describe Fraud, Lies, and ‘The Irish Solution’

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In March 2017, we released a research report explaining our opinion why Citizens Inc.'s business model is analogous to a Ponzi Scheme.  The company uses a network of brokers to prey on unsophisticated foreign families and retirees with false promises of illusory “guaranteed returns” from insurance policies purportedly secured by U.S. Treasury bonds.  But the money from policyholders is funneled in… Read More

New Lies Emerge On Pingtan’s Secret Conference Call

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IMPORTANT – Please read this Disclaimer in its entirety before continuing to read our research opinion.  The information set forth in this report does not constitute a recommendation to buy or sell any security. This report represents the opinion of the author as of the date of this report. This report contains certain “forward-looking statements,” which may be identified by the use of such words… Read More

Pingtan Marine: A Fraud That Finances Human Trafficking and Poaching

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Note: A video presentation can be found here. A Chinese version of the report can be found here. IMPORTANT - Please read this Disclaimer in its entirety before continuing to read our research opinion.  The information set forth in this report does not constitute a recommendation to buy or sell any security. This report represents the opinion of the author as of the date of this report. This… Read More

CIA: An Egregious Stock Scheme

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Para leer el informe en espanol haga clic aquí (Citizens y CICA Life: Una Estratagia de Acciones Atroz) Research Summary Citizens Inc. (NYSE:CIA) uses a network of unregulated brokers to sell complex life insurance policies to foreign retail investors and retirees. The policies are sold through promises of outsized “guaranteed” returns backed by U.S. Treasury bonds. However, the money is not… Read More

KGJI: A ‘Fraud School’ Success Story

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"Investors shouldn't have to worry about the officers, directors and stock promoters taking advantage of them." ― NASDAQ Official IMPORTANT - Please read this Disclaimer in its entirety before continuing to read our research opinion. All information for this article was derived from publicly available information. Investors are encouraged to conduct their own due diligence into these factors… Read More

BANC: Our Response

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"Throughout history, con artists repeatedly have found their way to positions of great power at large, public top companies" -Steven Sugarman in The Forewarned Investor, a treatise on identifying corporate fraud IMPORTANT - Please read this Disclaimer in its entirety before continuing to read our research opinion. All information for this article was derived from publicly available informati… Read More

BANC: Extensive Ties To Notorious Fraudster Jason Galanis Make Shares Un-Investible

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"Despite the experience of recent years, corporate rogues continue to find their way to positions of power at the top companies. Thousands of people every year are fooled into investing in companies that turn out to be dishonest, unethical, or even downright criminal." - The Forewarned Investor, a treatise on identifying corporate fraud co-authored by BANC CEO, Steven Sugarman VISIT WWW.… Read More