Harry Stebbings

@HarryStebbings ↗

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Last Checked March 7, 2023

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Sun Dec 11 23:05:31 +0000 2022

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Harry Stebbings @HarryStebbings

When Amex discovered the scam, this left a massive hole in their finances and their stock dropped a whopping 50%. Amex investors were left scrambling for the exit. — PolitiTweet.org

Posted Dec. 11, 2022

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Harry Stebbings @HarryStebbings

A company called Allied led by Anthony De Angelis tricked the system and put sea water instead of oil into barrels to raise debt from Amex. Amex believed this "inventory" was worth $150M but the true value... $6M. — PolitiTweet.org

Posted Dec. 11, 2022

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Harry Stebbings @HarryStebbings

Enter Warren Buffet, in the middle of this corporate crisis, Warren Buffet became a significant shareholder in Amex, knowing that the company would survive the scandal. — PolitiTweet.org

Posted Dec. 11, 2022