Short Only Research. Assume we have positions in the names we tweet about.
Dec 26, 2023 • 22 tweets • 6 min read
THREAD: (1/n) $FRG appears to be the fruit of stolen money and the management buyout of $FRG was an apparent ploy to obstruct justice / interfere with forfeiture statutes. $RILY has aided and abetted Kahn. Kahn likely used the $201MM $RILY loan to further his ongoing scheme.
(2/n) Lyonross (unsealed 2022) is the most significant complaint involving Kahn. The key allegation is that Kahn misappropriated almost 200MM to build his controlling stake in $FRG back in 2019-2020. In 2020, he admitted he "owed" Prophecy money for his massive $FRG stake.