A new whistleblower has emerged to support the $27 million insider trading charges levied by the SEC against Fluent ($FLNT) chairman Mike Brauser on Friday, when it detailed fraud in the shares of three companies beginning in 2013.
This latest victim has evidence of similar scams going back decades, including how his own company was burned by Brauser in a similar pump-and-dump scheme in the 2000s.
The SEC allegations snared a combination that included OPKO ($OPK), its chairman, Miami biotech billionaire Dr. Phil Frost, also chairman of Ladenburg Thalmann Financial Services ($LTS); shares of both companies tanked on the news last week.
In MGTI, in 2016, Brauser took a shell from an unrelated business, made a small acquisition, hired cyber pirate John McAfee to run it, rebranded the company as MGTI — in McAfee’s honor — then ran up trading in the stock to such a high volume that it was the most traded stock of the day. The stock is since down 90% in two years. Shares in another Brauser company, Riot Blockchain ($RIOT), fell 24% on Friday when the SEC case dropped.
The new whistleblower’s testimony differs from the current SEC case, in that he alleges that Brauser has been the mastermind all along — not Barry Honig, who was fingered as the capo in the government’s case.
Brauser acquired the whistleblower’s tech company (he was a minority shareholder and early employee) in exchange for millions of dollars of shares in a shell that abruptly cratered; the victim’s profitable multi-million dollar startup was gone, and his payout suddenly worth zero.
After objecting and refusing to be silent, he suffered death threats, attempts by mercenaries to kill him and constant surveillance. This whistleblower, a computer programmer, took himself entirely off the grid to protect his identity, while developing software to correlate stock movement, online chatter and SEC EDGAR filings to catch Brauser, exact revenge and save others from his greed.
Repeated attempts, until now, to blow the whistle on the notorious fraudster led this whistleblower to believe that Brauser benefited from protection by powerful government interests, who may have finally cashed him in.
With Brauser’s government and military connections, the source believes that a Brauser unit that provides deep background, filings and credit data on people — may have become an instrument of deep state criminals, a database tool for blackmail and extortion.
Brauser spun-off that business, formerly known as IDI, into Red Violet ($RDVT) — which he resigned from as chairman last week upon the SEC case filing — while keeping the group’s internet ad marketing businesses inside, Fluent.
Until two weeks ago, Fluent shares were listed under Cogint ($COGT). Before being called, IDI, the data business was known as TLO. Brauser switches his company names frequently while creating “new news” and to obscure the paper trail.
The whistleblower is willing to testify to share details of dozens more companies that fell victim to Brauser’s frauds and the names of many more silent partners who took part in the insider trading on his orders. His testimony goes back to crimes personally witnessed in the 2000s, but he believes Brauser’s dark career in stock market fraud began as early as the 1980s, based on details from other victims he met trying to bring Brauser to justice.
He seeks representation to file his case with the SEC. Contact this whistlebl0wer securely via the form below.