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Dendreon & Deceit: Jim Cramer, Pequot
Capital -07/19/09 at
12:02 PM CDTby Mark
Mitchell
“SELL! SELL! SELL!” shouted Jim
Cramer on March 28, 2007. The CNBC “journalist” assured
his viewers that the FDA advisory panel would vote that
Dendreon’s treatment for prostate cancer was neither safe nor
effective (notwithstanding the fact that the FDA had given the
treatment “priority review” status because Pro...
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Profiting From Demise: Steve Cohen, Millennium Management, and
Dendreon -07/09/09 at
11:55 AM CDTby Mark
Mitchell
D.H. Blair, the Mafia-affiliated brokerage
founded by Lindsay Rosenwald’s father-in-law (the so-called
“king of stock fraud”) and managed for some time by
Rosenwald and Michael Milken’s former national sales manager,
received much of its finance from the family of a man named Zev
Wolfson. Mr. Wolfson was also closely involved with...
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Bernie Madoff, D.H. Blair, Michael Milken, and the Story of
Dendreon ... -07/06/09
at 7:36 PM CDTby Mark
Mitchell
The first of the seven “colorful”
hedge funds that held Dendreon put options (right when Provenge was
on the fast track to FDA approval) was Bernard L. Madoff Investment
Securities, managed by the Mafia-connected criminal who
orchestrated a $50 billion Ponzi scheme while helping the SEC write
a naked short selling loophole that came to be know...
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Michael Milken, 60,000 Deaths, and the Story of Dendreon, Chapter
1 -06/24/09 at 1:38 PM
CDTby Mark Mitchell
This story, like too many others, begins with
Jim Cramer, the CNBC personality, making “a mistake.”
On September 26, 2005, Cramer announced to his television
audience the sad news (punctuated by funny sound effects – a
clown horn, a crashing airplane) that Provenge, an experimental
treatment for prostate cancer, had flopped. Thousan...
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