The Friendly Bear Profile picture
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.
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