The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 9 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Madden: Stratton Oakmont ran pump-and-dumps; Steve Madden was only real company
“Well, they were totally manipulated. The stocks, they went up, and it, you know, it was a pump, it was a classic pump and dump. And only Steve Madden was a real company.”
Madden admits he knew his Stratton Oakmont trades were illegal
“But I knew in my heart that it was illegal and it was wrong.”
Madden details illegal stock flipping arrangements with Stratton Oakmont
“And I told myself that it was a gray area, you know, the trading in these stocks and the flipping, they would sell me the stocks and I would sell them back to them.”
Madden: Steve Madden IPO was manipulated in Stratton Oakmont pump-and-dump
“Well, they were totally manipulated. The stocks, they went up, and it, you know, it was a pump, it was a classic pump and dump. And only Steve Madden was a real company.”
Madden: His portrayal in 'The Wolf of Wall Street' was highly accurate.
“With me talking in front of the, it was very accurate.”
Madden admits flipping IPO stocks back to Stratton Oakmont.
“And I told myself that it was a gray area, you know, the trading in these stocks and the flipping, they would sell me the stocks and I would sell them back to them.”
Madden: Danny Porish offered to raise $600K before a $6M IPO
“And you know, we're going to raise you, we're going to get you, we'll raise you 600 grand, and then we'll get you six million.”