Welcome to Asensio Exposed. Where you'll
find what every investor needs to know about short-seller Manuel Asensio.
But will never hear from him.
story is anything but pretty. It includes:
• a $250,000 court judgment for defrauding a former client
out on a technicality)
• a recent verdict of securities fraud
• secret client long positions in the stocks he calls
• prohibited "naked
shorting" of stock
• undisclosed hedge fund involvement in choosing targets and
writing his recommendations
• a checkered past
[840 KB] that he conceals--even under oath
mention allegations that he harassed, threatened, and made shocking demands of everyone from Oprah to a
medical school professor. And
evidence that he might not have been able to remain in the securities industry
at all—let alone move up to broker-dealer status—if he had disclosed the first
jury verdict against him to regulators as he was obligated to do.
But of course didn't.
No one barks louder than Asensio about "fraud and deception."
He says it's because he has zero tolerance for impropriety. We say
it's because he's trying to divert attention from the rattling skeletons in his
own closet. They know, and he knows, who the real fraud is.
Practices of some
of the short sellers are tactics one would expect to find in some lawless,
unregulated place far removed from the United States of America. Some short
sellers use practices of false accusations of crime associations, questionable
accounting practices, threats of bankruptcies, all for the purpose of
depressing prices. We have to have better control of the situation than this.
This is allowing market manipulation.
-- Congressman William Lacy Clay
This site is not affiliated with,
nor authorized, by Manuel Asensio. Its owner has no affiliation of any
kind with the financial services sector, nor with any of the firms named in this
site, except as a shareholder in one of them.