Gov. Jon Huntsman,Senator Bob Bennett,Patrick Byrne in welcoming stock fraud to Utah : Utah IMC

So where will the Mormon Republicon stock
frauds go for forgiveness of their crimes and bribes received from the Byrnes,Patrick and daddy Jack,to aid and abet Overstock.com and various penny stocks Patrick Byrne's pal 'Bob O'Brien' promotes in his name as victims of 'naked shorting' ? Perhaps to NDI and Homeland Security Czar John Negrponte who W Bush has recently blessed with the powers to absolve stock fraudsters of their 'sins' ? Governor Jon Huntsman, Senator Bob Bennett and Patrick Byrne are all promoting.This(naked short selling claim) is a fraudulent lie to divert naive investors from insider share dumping and pumping,an illegal activity that the Utah Governor,Patrick Byrne,and Utah Senator Bob Bennett are trying to attract to Utah !

http://www.thesanitycheck.com is one of the fraudulent
'anti-naked short selling' websites Patrick Byrne, Governor Jon Huntsman and Senator Bob Bennett are
funding aiding and abetting ! Pure fraud claiming
'naked shorting' is hurting worthless money losing stock scams such as Overstock.com and even worse
penny stock scams ! Shame Governor of Utah for aiding and abetting penny stock fraud in Utah and elsewhere that even helps money laundering as far away as Kuala Lumpur and Dubai,UAE,with worthless shares of worthless shell companies you compete with Nevadas to aid ! Governor Huntsman has allied himself with Middle East terrorists and money launderers with unaudited U.S. penny stock shares in his political and financial greed ! Congratulations !

Note Gary Weiss who wrote the 'Mafia On Wall Street' series for BusinessWeek in the 1990's is one of the few investigating this ongoing international penny stock fraud that Patrick Byrne and a James Dale Davidson of the National Taxpayers Union and Agora Inc penny stock promoters of Baltimore are also behind.They lobby or bribe our congress.

You may check Gary Weiss' blog here :

http://www.garyweiss.blogspot.com

Note also that besides the corrupt Houston attorneys John O'Quinn and Wes Christian working for this group of penny stock frauds who are making Utah their home,ex Utah SEC attorney Brent Baker aided Patrick Byrne's mentor in this naked short penny stock fraud, James Dale Davidson , and has been rewarded with a cushy job in Utah with Byrne.This is massive fraud and Utah SEC Chief Israel should be ashamed his own employees are on the take as Brent Baker makes obvious.

Gov. Jon Huntsman,Senator Bob Bennett,Patrick Byrne in welcoming stock fraud to Utah

Utah Gov. Signs Naked Short Selling Bill
Friday May 26, 7:32 pm ET
By Paul Foy, AP Business Writer
Utah Governor Signs Bill That Cracks Down on Naked Short Selling With State Fines for Brokers

SALT LAKE CITY (AP) -- Over the objection of Wall Street firms, Gov. Jon Huntsman signed a bill Friday that cracks down on naked short selling with state fines for brokers who accumulate too many unsettled trades in any company's shares.
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The bill was written for Utah-based Internet retailer Overstock.com Inc., which complains it has been a target of a practice that traders dismiss as a tiny aberration in the markets.

"This bill is good for business, particularly small- and mid-sized cap companies," Huntsman's deputy chief of staff, Mike Mower, said Friday.

Tony Taggart, who handles litigation for the Securities Industry Association, had promised a lawsuit if Huntsman signed the bill, saying of the threat: "It's not a risk -- it will happen."

Taggart said the measure approved by the Utah Legislature late Wednesday caught the industry by surprise. He did not immediately return calls Friday.

"We dropped the ball, all the brokerage firms," said a financial adviser for a major Wall Street firm with operations in Salt Lake City, who insisted on anonymity because he was ordered by the company not to speak about the matter to reporters.

The bill's sponsor, Sen. Curtis Bramble, R-Orem, said Overstock.com was "the poster child" for victims of trading abuse. He said the bill could help other emerging companies that can be vulnerable to short selling.

Short sellers borrow stock hoping the share price declines so they can return it to brokers and pocket the difference. Overstock.com contends it has been a target of naked short selling, where brokers send IOUs they can't honor through a stock clearinghouse when they run out of shares to lend for short selling.

Overstock.com CEO Patrick Byrne says many brokers never settle these trades, allowing short sellers to profit without having to assume risk. The practice tends to lower a company's share price by artificially creating more sellers than buyers.

Bramble said brokerage houses never spoke up against the bill in the months it has been languishing at the Utah Capitol. It finally passed Wednesday during a special session with little debate.

The Utah law requires brokers to regularly disclose trades that fail to settle, adding to paperwork they say is bothersome. Fines for violations start at $10,000 a day and can increase to cover the sum total of all unsettled trades.

Utah Securities Director Wayne Klein said he was prepared to start enforcing the law July 1 and was looking into allegations of abusive short selling.

Klein said his investigation would go beyond Overstock.com's complaints to the lending of shares by brokers without the knowledge of a share's owner, which is allowed under standard customer contracts at brokerage firms.

Klein said it can result in two people voting on proxy proposals or for a company's directors when only one person is the legal share owner. He said some companies adjust for the problem by "prorating" extra votes to shares, but "if that happened in an election for political office, we'd all cry foul."

Shares of Overstock.com rose 65 cents, or 3 percent, to close Friday at $22.66 on the Nasdaq Stock Market.

Senator Bennett,penny stock scam,Cheetah Club

http://sandiego.indymedia.org/en/2005/07/110190.shtml

Utah Senator Bob Bennett,Hillary Clinton and Barbara Boxer Aid CIA'S In-Q-Tel penny stock fraud

http://www.ntimc.org/newswire.php?story_id=4168

Overstock.com:Utah Senator Bob Bennett enlists SEC Chairman Cox to aid Byrne's NCANS Fraud

http://www.bigmuddyimc.org/newswire/display/3398/index.php

Senator Bennett :Is Patrick Byrne's NCANS a Fraud ?

http://www.utah.indymedia.org/news/2005/10/11883.php

Did Utah SEC's Brent Baker cover up for National Taxpayers Union Founder ?

http://www.utah.indymedia.org/news/2005/10/11937.php