Foreign, What's going on? Mark I'm sure this is a very exciting day for you development for you. We're here to talk about Silvergate or probably a better way to put that is the perceived collapse of Silvergate. I know you and I talked a couple months ago and he called it out and there were some people who agreed with you but then there was a lot of people who disagreed with you. In fact, at a moment in time Silvergate was thought to be another short.

Squeeze Play because everyone was saying oh no like the shorts have it wrong, they have it wrong. But now with an interesting development they their annual report. the 10K report actually got paused and I have the quote right here. They're looking to audit procedures and that it's currently analyzing certain Regulatory and other inquiries and investigations.

Something about the sale of additional investment Securities beyond what was anticipated I Don't speak legalese here, but I think I understand enough that this does not add up to a positive number. Um, so can you just give us the very quick tldr of what is happening right now and then we'll get into more of the full-fledged detail of this whole Saga Yeah, I mean first of all Matt I like you a lot and thanks for having me back and I've been a little jammed up but for you I will always find time I appreciate it thank you I think you're a legitimate operator and I'll do what I can to help you as you know so you know I've been talking about Silvergate really since the FTX deal and we talked about the last time uh, you were on and I basically said that that not only is silver Gator fraud, it's basically a publicly traded crime scene. uh, disguised as a bank and where people are lost is? it's not only a facilitator in some of these crypto offshore exchanges. they also launder money for some of the worst of the worst around the world.

And since we spoke uh, James Gibson also known as Aurelius and myself have written letters through our lawyer to the Department of Justice to the SEC to the FDIC to the Federal Reserve to the OCC and we're in constant contact with people who can put folks in jail and seize the bank. And these are 17 to 100 page letters outlying. Everything wrong at the bank outlying the laws they've broken. They also sent letters three of them to their Auditors to examine what these guys are doing or they're breaking the law.

Clearly the Auditors have taken us very seriously. Clearly, the Fhlb has pulled their loan, pulled their lines, their customers are leaving them. The bank is beyond Beyond And and what motivated myself and Gibson more than anything was all this short squeeze that went on the trying to make this the next Game Stop And Silvergate isn't the next GameStop. There's no reason for Silvergate to exist.

Uh, they've done some horrifically bad things, you know. GameStop is a perfectly fine company with a perfectly fine balance sheet whose stock was down. so to draw attention or similarities be between GameStop and Silvergate was very unfounded And the hate and the short squeeze mentality and all this that went on and I blocked another I think 2 000 people on Twitter I'm now up to close to 18 000 blocks. Moral: The story is don't with me and don't with frauds that we're digging into that do Society in the world a disservice because we will bury you and I will bury this company single-handedly if I have to.

But there's other people working with me that this is serious business. That as I said, think I was the quote of the week for the New York Times 25 years ago, you know the Market's not a game and it's not a casino and it's a serious thing for serious people. And if you around, be prepared to lose. So all these guys playing the short squeeze game I was well aware of it I was familiar with the threats all those people have lost their ass and and rightfully so.

and I'm glad they lost their ass and they should be buried and because there was no reason to buy this thing other than the short squeeze. and if you want to buy a stock and the only reason is a short squeeze, you're going to lose your ass And people lost their ass in AMC And they lost their ass here and they're going to lose are asked and many other things. Know what you're doing, Know what you own, know why you own it. Silvergate is a publicly traded crime scene.

All their customers have left them, the depositors have left them and I look for this bank to either fail or be seized. You know, anywhere from the close of business today to probably next week. So don't don't lull yourself that the stock trades. It sticks 16 26.

It doesn't matter, It's A. it's a scam. It's a fraud. It's run by a very, very very bad man in Allen Lane And they've lied to the public.

They they lied. They didn't disclose that their line was pulled by the Fhlb. They didn't disclose that they had to sell additional Securities at substantial losses and they went and said that the numbers they reported should not be relied upon. and again, this is not a regular company.

This is a federally regulated bank and this is embarrassment to the FDIC It's embarrassment to the Federal Reserve It's embarrassment to society. What's going on here? So part of my lot in life and what I do and I think I'm pretty decent at it over a long period of time as I get after these and I will drag their dick through the dirt and I will put them into the concrete if I have to. and I think it's it's rolling out sort of in real time And and yesterday was the start of it. I mean down 60 down 60 trading two times its market cap sort of sends a message.

Yeah, it's definitely gotten I mean after the news broke, it dropped 55 instantaneously down 66 on the year and over the past one year it sounded like 95 96. This has definitely been going down. At first it seemed just to be associated with the downfall in crypto, but if and please correct him if I'm wrong. The last time we talked it seemed like one of the main things you were really focusing on was just without as much money as was coming through their system.

I Believe your thesis was how was that not least one of those dollars money laundering and it seemed like that was kind of the thread you were pulling on and it turned into this almost like Goliath of a mess. Like almost a Frankenstein of a mess that uh, you and other short sellers have really been trying to call out and with it obviously I we as of now obviously let's let all those fancy organizations with all their acronyms like look into like what was or wasn't happening. But for the viewer who maybe doesn't have as much knowledge of the market, what do you personally believe? What are you personally alleging Silvergate did wrong? Like you're talking about the lines getting pulled from one organization and selling securities? Could you kind of dumb it down in terms of lame? In terms of the average viewer can like understand like really? what? I Guess they were doing that was nefarious or illegal? Sure. So Silvergate and Signature and we'll we'll talk about signature on another show because I think they have major problems as well.

It's just people want to focus on this instead the signature and Silvergate. So let's just talk about Silvergate run something called the Send Network Silvergate Exchange Network and that enables people to move money 24 7, 365 from One financial institution to another two crypto exchanges. They bragged that they had extreme um, complex Kyc which is also known as know your Customer Kyc and AML which is anti-money laundering systems in place, but they clearly don't They clearly didn't and that's one of the many lies they told because we analyzed probably 14 of their customers and one is more crooked than the next. and they're all.

And they're all offshore and they're all run by horrifically bad people. some are crime scenes themselves and when Alan Lane the CEO said they've done all these tests, it's clear that they didn't and that that got the attention of the Department of Justice and probably the FDIC. And it's fine to move money if you know your customer. from JP Morgan to Coinbase.

I mean Coinbase is the most legit, but Coinbase has said they've stopped doing business with them. It's okay to do that, but it's not okay to move for a money launder in Dubai to move money to you through Uruguay through some made up um, internet company and this in one of the instances North Dimension where they moved 8 billion allegedly to Alameda but it was to North Dimension and that's that's clearly a crime. So I think most of the business they've done is crooked. Most of the business they've done is money laundering.

There have been no tests there have been, there's been no adult supervision, and I blame the FDIC I blame the Federal Reserve I blame the OCC the supervisory part of this. So either people weren't doing their job or they were paid by these guys who were paid off to look the other way. Whatever the case is it's gonna. it's everything will be dug in Because now it's a Senate issue.

It's a Doj issue. It's a Mark Cohotis issue. And this can't happen Because if it wasn't for Silvergate, uh, there wouldn't have been an FTX And if there wasn't an FTX people wouldn't have lost everything they lost in the thing or some of these other crackpot exchanges. So now the people who are left is their clients.

All yesterday said they're going to stop doing business with them. No one in their right mind would have any money with the bank or or at least more than 250 000 which is the FDIC insured limit And there's no reason for this operation to exist other than to Aid and Abed criminals. So what was deemed or as invented as an exchange to move money around to make it easy to invest in crypto or other coins really turned into a money laundering mechanism and they bragged that they moved over a trillion dollars of money since they've been in business. and a trillion dollars is real money.

Yeah, and and that's that's a lot of money and it compromises the U.S banking system and and that affects everybody. So so again, everyone wants to get down on short sellers which is fine and people can love me and I have many and people can hate me and I have many. but this is what I do and this is the role of the short seller to find out things that are wrong and try to bring these guys to Justice to make the system better. So not all short sellers do or behave like this or do this kind of work and some people aren't so legit.

But by and large, when there's a high short interest in something, people should try to stay away because it's a sign that something is very wrong rather than than to play games and try to squeeze the likes of me because all I'll do is just work harder and be more and more motivated. I I don't I don't I don't I mean I lose money. but I've lost plenty in my day and I've made plenty in my day. but it just pisses me off and it makes me work harder.

And when I work harder and get more Fierce and bring other people into the job and pay my lawyer even more to write letters then then someone's going to get and hard. And and I and I don't feel bad for people who lost money here because if you lost money here, you deserve to lose every dime. And and don't blame me. Blame the company blame Zero Hedge Blame people on Twitter who touted this blame guy genteel because all these people led you over a cliff.

So so it's just it's just. it's just simple. This is business. This is what should happen.

This is how the jungle should work. The company will go out of business, they will be seized and and people will be brought to Justice Hopefully definitely have a couple of things to unpack there. So uh, talking about people who have been touting it? Uh, it didn't take me long. But for those of you who are watching this a bit later, we are filming this in early March of 2023 not long ago.

I'm talking a couple of months. A handful of months. Uh, Alan Lang The CEO of Silvergate was being touted on media on public media like this is great. This is what banking needs.

This is regulated. It was almost like he was being pushed up by media so It wasn't just these Twitter accounts or whatever like whatever we want to call it like we're talking about. National Financial Media was almost giving their tip of the cap to this guy. Like with those people and I know in the past you've referred to CNBC as the cloud network.

but I'm just talking about financial media in general. like do you think that they're at all to blame in this situation of propping people without doing like literally any research on them of what the business is okay Matt So you ask a really good question and this is one of the reasons: I Like you, the media has blood all over their hands. but the people behind CNBC are dumber than a bag of rocks. and and and we wrote and called the editor of Barons to retract falsity by some clown who who writes her an inject Denton and and others and what happens is Silvergate pays a PR firm a ridiculous sum of money called Edelman So what Edelman's lot in life is is to a worse pay.

Uh, do whatever they need to do to get this clown. Allen Lane on TV to sell to some producer that this guy has a story to tell so it's the company's paid PR firm which reaches out to the media Who doesn't know any better to run this stupid story again and again and again. I mean CNBC Ran four pieces on this piece of Silvergate including Bill Miller who who to me is A is a real problem. He's the guy who got destroyed in bare Stearns and he made a bunch of false statements on TV So you know again, don't listen to me because I may make sense.

You can hear what I say if it makes sense great, but do your own work and always check the facts. But all this and Barons all this on zero that Zero Hedge wrote and I thought the Zero Hedge guys were ally allies of mine and I went after them. I'll go after anyone who prints. That's not true, especially about me, but especially about companies that I'm involved in.

So it's CNBC it's Barons it's Twitter It's the whole short squeeze crowd. It's this criminal guy genteel who sued me twice, been thrown out twice. he's paid my fees twice. So there's a lot of people who try to manipulate stocks, just manipulate stocks flat up and and the in.

The simple thing to do is high short interest. There's more short interest here than Bed Bath and Beyond Well, there's short interest for a reason. They can't file their financials. They said their numbers don't work, their depositors are leaving, their customers are leaving.

The Fhlb was through them a lifeline hold their loan, nothing's been disclosed and again, everyone thinks it's a game that you can can squeeze the short. Well, it can work for a short period of time, but at the end of the day the Stock's been destroyed. And if you own weekly calls or or own the stock or bought on a tip or shorts, you've been destroyed. You have lost your ass and frankly, rightly so.

And and people, as I always say, if you own a stock, you should be able to explain it to a 10th grader in a paragraph or less. If you can't, you probably shouldn't own it. I Love I Love Innovix Envx. Why do I like it? Because they have a battery made of silicon that lasts twice as long as anything out there.

They can make the battery and if they can produce it at speed because they can make them now, they, it's a 25 billion dollar opportunity. If I'm right and they can make it at speed, it will work. That's a simple story that I could tell a 10th grader has nothing to do with short interest. It has nothing to do with charts, has nothing to do with Market manipulation I Believe in the product I believe in the process I believe that it could be a big deal one day.

Could I be wrong? Hell yeah I can be wrong I'm wrong a lot. but it's not because I don't know what I'm in but things happen. but it's not a story of by Innovix, we're going to squeeze the out of the shorts and look at the chart and blah blah blah blah blah and there you know there's bad guys telling stories. No, it's blocking and tackling and that's what investment should be.

And Silvergate again is a publicly traded crime scene. So if someone thinks it's a squeeze or a takeout or anything like that, you're going to lose even more money than you've already lost. I think you highlight a very important thing I myself. I'm grateful for things like Gme because it brought so many people into the market who would have never been in the market.

and I'm of the opinion that Wall Street The Market is the best vehicle ever created by man to help people with upward. Financial Mobility if you know what you're doing. Unfortunately, when that brought people in, there's always the yin and the Yang to the situation. It did teach a lot of people that oh, we should just be buying things that are highly shorted and sometimes things are whatever.

being maliciously shorted that happens. but then other time times it appears as if in this case or historically with things like luck and coffee, there is fraud. So if we look at whatever, not all short interest is built the same. That's probably what we should title this because it's not like some are messed up and they could get squeezed and then other ones it's It's almost surprising that it's still trading at any value, so I definitely agree with you there and I just want to kind of echo those thoughts.

But as you mentioned, you're on this adventure of dragging people's dicks through the dirt and right now your target apparently is Alan Lang and if your accusations which we're going to find out when all the dust settles, if they're true or not I mean this is horrific we're talking about like serious serious money and it was also inherently the structure that bolstered other large crime which is FTX which as of now and once again, we have to let the dust settle on that is potentially one of the largest financial crimes of like literally all time. So this this just seems like a failure at so many levels. on the individual level, people really not doing their Research into it, on the the media level like really popping people up that shouldn't be and then on the largest business level just like pure crime, pure greed and not doing basic things. So with all that like I said, as you're dragging Dicks through the dirt, you mentioned like we're talking about billion dollars companies and that's just that.

like one particular layer of it um that are not here in the U.S you and people that are in your cohort on this particular effort like do you find it worrisome at all like these are the kind like I'm not saying that like I get that you're not a person who around but neither are these people like they have serious money on The line I don't I don't I don't give a I mean they're They're not coming for me because you know I'm gonna fight in broad daylight. Okay and and these guys, everyone knows the government and the law enforcement knows who the troublemakers. I'm not worried I'm not. Look when you have the FBI knock on your door and tell you to quit tweeting about a guy who ends up going to jail.

There's very little that scares me. so I'm not scared of any of these clowns. Problem is is what what everyone sort of needs to understand is the media does not want to hear from the likes of me because a I'm not controlled B I don't have a firm, they can't tell me what to say and I speak the truth and people don't like to hear the truth because it's not the sugary sweet narrative that Cartoon Network wants to pump. And there are good guys out there which which are many and there's bad guys out there which are also many.

and people tend to be naive when they don't do their own work or figure things out and they'll say this guy lied to me. Well people lie all the time, especially for money. Look at that guy Trey You know with AMC the guy is just a complete poor shill stock manipulator. Whatever.

that guy is right, and where is he now? He's hiding under his mama's dress because he can't face the music of what he did. Same thing with Alan Lane maybe the same thing with Signature we will see FTX was a total fraud. So so people need to understand that for money and for big money, people are willing to lie, cheat, do whatever they can to play games with stocks and people tend to make the villain constantly the short seller. and again not all short sellers are the same, not all short interest is the same.

not all stories are shorts. there's various things that go into it. but I am not a around guy I am not and I'm sick and tired of people playing games where I hang. If you want to play games, go play a game somewhere else.

but don't be playing games with Silvergate because you all got what you deserve right? You all got it. And and if and if you lost good on you and we'll see how this thing winds out. I mean it should did happen fairly fast because they that company is an absolute dumpster fire again it's a publicly traded crime scene. Before we get to that part of um, a quick question here.

Are you the person who brought it to Regulators attention? or was there a big group? or were they already looking into it or you have no idea I mean obviously you mentioned lawyers and writing letters but were you the person who's like hey, whatever organization XYZ like look into this. We we will never know until post fact everyone does Foia's to see who had fired or whatever. The Smoking Gun I can only be in charge of me gotcha. I know I know what I've done I know what I've submitted I know what I'm a part of and it's lethal, right? So if you're so who, who, what and and I never put it on Twitter I set them up to no good I said everything's gonna come out in the wash I said I'm sharpening my teeth with a rat tail file and all you who want to play in the stock.

stay tuned because I am not just taking this lightly so you know we'll see. We'll see what happens when the Fat Lady sings I have all my stuff. it's generated from public filings and public records and it's all out there for the world to see. So I'm far from done and I will keep keep going.

and again, the wig indicator is really good. I mean it's it's Flawless It's about 95, right? but when Alan Lane gets on CNBC which I call the Cartoon Network and has these Jesus Christ figures behind them. When people hide behind religion, something tends to be very wrong. Very wrong.

So so that's that's another indicator. and if you can't disagree on that and again I Talked to someone today I Think over my life I've probably put somewhere between 15 and 20 people in prison. So so again, not all stories are the same. that Parker petite threatened me the guy went to prison I think Alan Lane belongs in prison.

whether he gets there, whether the government wants to go after him, we'll see. but I'll do everything I can to make sure he goes there because as you said, the crimes these guys have allegedly committed or heinous and and and and and Beyond bad. And these guys deserve what they get and to be playing games with a stock to move the stock for this business and what these guys have done is incomprehensible. To root for a company in a situation like this to succeed is very very bad.

To wrap this all up just to put a bow on it, My question for you is we're filming this as I said before in early March So now within March How do you see this playing out? Do you think the government's going to step in and just halt it? because I see big players are invested I guess Citadel has a stake in this. We have big crypto billionaires. It's just through. it's just through Citadel options I mean Citadel is a market maker as is Susquehanna as is Jane Street So their position is just against puts and calls they're they're not making a directional bet gotcha.

And and these other guys are all index funds. They have to own it. One when there's an issue, They will all sell it. I Think the FDIC is either going to seize it or they're going to form a shotgun marriage with someone like Wells Fargo or B of A or Bank of the West at somewhere between four and fourteen cents.

The banks. it's absolutely worthless. There's nothing here of value. There is no big business, there's a limited liability, deposits have flood, customers have fled, the loan book is on fire, so there's not.

There's nothing here, so so they would do. They would ask a bigger bank for a favor to help wind this thing down and if a big Bank wants to help them, they'll They'll get a favor. But this, this in my opinion ends very, very badly. and it should end very quickly.

Because if you're a bank and people lose confidence in you and their Auditors clearly lost confidence in them because they're signing something that says it's doubtful that this company could last a year, why would you want to be in a bank that where the Auditors say it probably won't last a year, Would you want your money there? Definitely not exactly I Mean most you, you have your choice. Last I looked in the United States of America to bank wherever you want. There's a lot of banks so you don't need to do business with Silvergate, especially when their auditor says we have doubts. This company will make it another year and I can't stand these I can't stand them.

So I'm motivated beyond belief and I'm still motivated by those short squeeze guys who played their game. So I'm motivated to see this thing to the end and it will have an end. And when there's the end, we'll take a bow and move on to the next one. But but this is a lesson to do your own work to pay attention.

Don't don't take anything I say you know is is Gospel I make mistakes like everyone else. But but don't just buy something because something's advertised as a short squeeze or let's do this or let's do that or if it breaks out, it could go here. Yeah, it's all fine. but know what you're in, know why you're in, and know this is a dangerous game.

Well, I'm beyond excited to see how this concludes. When it does, we're going to make sure to have you back on for everyone listening. If you want Mark's socials I'll make sure it's in the description of this video just so you can track what he's up to. But truly as always I appreciate your time.

Always a spicy interview with a lot of great insights. So once again, thank you thank you thank you and I'm sure the audience thinks you as well. Matt Have a great weekend and thanks for having me on and I'll do whatever I can to help you. And and folks, this matters a legitimate actor and I like him a lot and you should I don't know how the YouTube works Like them, Support them, subscribe to them.

do whatever you want. He's he's the real thing I Appreciate it. Have a great weekend Matt you too bye.