American Greed: Hollywood Producer Caught By SEC

Edward Lance lorilla, The SEC just spilled some serious tea on Hollywood. Investors thought they could trust the man that helped produce Lone Survivor. He had an investment of a lifetime for them— an opportunity to help cash strapped movies finish their films in exchange for some sweet profits. But instead, this movie financier would take investors for real a ride—— Blowing through tens of millions of dollars investors trusted him with. …. And we are not even going to get into this dude's cocaine arrest. His name is Remington Chase.  But before we go any further, let us remind you... Bad actions like these haven't stopped Kyle Dennis from implementing a strategy that could potentially take advantage of dirty players like Chase.   In fact, Kyle's proprietary scanner picks up unusual options activity potentially made by some of the shadiest characters that show suspiciously strong convictions.  Back to the story... The Money Didn't Go Where Investors Thought It Would...   Chase had sole control over Knightsbridge along with 2 other companies, Chasing Air and Starfall.  It's noteworthy because Chase was using all 3 accounts interchangeably for the Knightsbridge offering. And for investors who put their money into Knightsbridge, it meant funds could be dropped into any of the 3 businesses on a whim. This also went the other way with investors receiving payments from Chasing Air and Starfall. Something was up. It turned out Chase was using a large part of investors' funds in ways that had nothing to do with financing movies. Chase took up the nasty habit of misusing them during the short amount of time Knightsbridge was in action. He paid down debts.  He used $15 million to make good on debt owed by a completely unrelated company. He paid a third party $3.4 million when a company he guaranteed performance for didn't succeed. Chase also went on to blow $8.9 million on plain old good times. He spent $1.8 million paying off his AMEX card. He donated $1.5 million to the University of Southern California… the very school that is the epicenter of the college admissions scandal. He weaseled $1.5 million out of the Knightsbridge account to use on himself. And he spent almost $1 million buying a couple of Teslas. But it gets worse... Chase Promotes an Imaginary Knightsbridge Stock    Chase burning through investors funds faster than a gambling addict in Vegas was not his only dirty secret. Knightsbridge only used a third of investors' funds for financing movies.  As a result, Knightsbridge did not earn enough money to pay investors. To keep his business appearing legit, Chase started to use investors' funds and money pulled from other places to pay investors. In order to make some ponzi-like payments, he had to pull in some bigger investments.  He proposed a fake pre-IPO offering… for the ticker KE. The catch was the Knightsbridge offering was never registered with the SEC. Yet Knightsbridge succeeded in raising $62 million from selling pre-IPO securities to well over 100 investors between 2016 to 2018….  So Let Us Count It Down...   1. Chase misled investors on how their funds would be spent. 2. Chase stole millions from investors for his own pleasure. 3. Chase used tens of millions of dollars of investors' funds to pay back debts unrelated to Knightsbridge. 4. Chase used new investment funds to make Ponzi-like payments. 5. Chase raised tens of millions of dollars with an unregistered offering. After the SEC Jumped In, Chase Faced the DOJ    It seems like all Chase is missing at this point is kicking a puppy… Because we are not even counting the time he and a bud sold a couple of kilos of coke to some undercover DEA agents.   The SEC was swift with their action charging the shady CEO with stealing millions from investors. Chase would be even quicker to settle— he agreed to bars, penalties, and disgorgement of over $9 million. All 3 of Chase's companies conveniently died around the time he stopped raising funds for Knightsbridge. Chase is also allegedly brokering this deal from safely across the pond. How To Follow The "Smart Money" This Week   Dirty players like Chase may not seem "smart" when everything is said and done.  But believe it or not, we can learn a lot— and make a lot of money— by potentially identifying their moves.  Because more than half the time, they completely get away with all their dirty moves.  That's why Kyle Dennis has a special scanner that hunts down unusual options activity.  He discovered it after dishing out thousands and thousands of dollars on financial data, realtime feeds, and subscriptions.  Whether or not these moves are made ahead of some important news events by dirty players and "insiders" like Chase, we could never be certain. But after seeing these trades work out countless times, it's clear how the risks can be worth the while for Kyle Dennis. The potential payouts, over such a short period of time, can be quite remarkable.  Kyle wants to teach traders how to use the scanner in his upcoming event.  Join Kyle's upcoming "smart money" trading workshop here.   JC's Scanner Just Spat Out  This List  Of 60 Trending Stocks     He Just Revealed the 5  He Thinks Are Set to Rip Higher   ***Hurry, This Window of Opportunity Is Closing Learn More     3 Trade Ideas So Amazing, They Surprised a Gopher By Nathan Bear of Weekly Money Multiplier Can These 3 Momo Stocks Pop Off? By Jason Bond of Jason Bond Picks Monitoring Dark Pool Trading Volumes For Huge Profits By Ben Sturgill of Daily Profit Machine Woah! Well-Timed Trades, Or Did They Know? By Kyle Dennis of Biotech Breakouts A Dovish Fed May not be Enough to Save Markets By Jeff Bishop of Total Alpha Thinking About Betting Against TSLA Or ZM? 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