Herb Greenberg's Brand-New Warning: 'Blackouts Are Coming'

Forget the Dos Equis guy – Herb Greenberg might be the most interesting man in the world... CEOs have gone to jail after Herb's exposés... He has received death threats, been subpoenaed, had his phone records stolen, and been attacked by everyone from Michael Kors to the founder of Overstock.com. And yet, in the words […] Not rendering correctly? View this e-mail as a web page [here](. [Empire Financial Daily] Herb Greenberg's Brand-New Warning: 'Blackouts Are Coming' By Sam Latter --------------------------------------------------------------- [The No. 1 Sector of 2023]( The last time the economy was this crazy, this sector (not gold, bonds, REITs, or bitcoin) generated 27% annualized returns. [Discover the No. 1 Sector of 2023 today](... --------------------------------------------------------------- Forget the Dos Equis guy – Herb Greenberg might be the most interesting man in the world... CEOs have gone to jail after Herb's exposés... He has received death threats, been subpoenaed, had his phone records stolen, and been attacked by everyone from Michael Kors to the founder of Overstock.com. And yet, in the words of one Wall Street veteran... the stories he has exposed have helped many people make "vast sums of money." Herb is famous for exposing frauds on Wall Street, often doing so long before the public catches on. [Yesterday]( I shared the story of how the CEO and CFO of MediaVision went to prison after he blew the cover off the company's fake revenues. In 2010, Herb raised red flags on how Chinese companies were essentially siphoning U.S. money into worthless shell stocks, which led to a U.S. Securities and Exchange Commission ("SEC") investigation and numerous bankruptcies. He warned about troubled retailers RadioShack and Sears long before they both went under. In short, Herb devoted much of his career to outing companies doing bad stuff and watching their stocks collapse when the truth came out. --------------------------------------------------------------- Recommended Link: [EV Mandate Sending Stock Shock Waves]( California has just issued an electric vehicle mandate – and 17 other states are planning to follow its lead. [Here's the one stock you need to own in order to profit from this EV boom](... --------------------------------------------------------------- Today, I'd like to tell you two more stories that show you what Herb is all about... Pharmaceuticals company Valeant – now rebranded to Bausch Health (BHC) – was one of the hottest investments on Wall Street. The stock was up 1,000% after it had completed 60 acquisitions in a six-year period. But Herb suspected something was off... so he contacted a forensic accountant who had raised some red flags of his own, noting that net debt was rising faster than cash flows were. That might not sound alarming, except Valeant had tweaked its cash flows to exclude the costs of its acquisitions... And for six years, its entire business model had been based on acquisitions. Herb's story hit TheStreet.com in two installments. In the first, he focused on how the CEO was intentionally misleading investors. The CEO had projected a $150 billion market cap for Valeant, far higher than it was trading at the time. That sent the stock soaring. Five short months later, the CEO retracted his estimate, saying he had made a mistake. It was, in Herb's words, "classic manipulation." The stock eventually blew up, falling 98% from its peak after a series of scandals – including an SEC investigation and the CEO being forced to appear before the Senate. As Herb explained... It fooled even some of the biggest, smartest investors. But for me, it was the CEO's B.S. about market value that was the tell... Layer on top of that warnings from the forensic accountant and... Houston, we have a problem. Herb's work has also sent management teams to prison... When security systems company Tyco spent $1.4 billion acquiring materials science company Raychem in 1999, it sounded the alarms in Herb's head. He suspected the company had pulled off some accounting shenanigans to make Raychem's numbers look worse than they really were. As he noted... That way, the company's normal profits under Tyco's new management would appear super impressive. I simply called it "aggressive accounting," which is as strong as Fortune or any media organization would allow. Meanwhile, I had uncovered damning e-mails, including details from one former employee who confirmed that one short seller was "absolutely correct in surmising that Tyco has systematically used dubious accounting techniques to achieve the results that it presents to Wall Street." Six years later, the CEO, CFO, and general counsel were convicted on nearly all of the 30-plus counts against them. The CEO and CFO were sentenced to up to 25 years in prison, and the stock collapsed. But for all of his work in putting the bad guys away, Herb says he didn't want to end up 'the grumpiest guy in the graveyard'... He's far from done breaking some of the biggest stories, either. In fact, in his brand-new presentation – one that my colleague Jared Kelly just flew across the country to get the full story about – Herb says a series of "money blackouts" could affect more than 235 U.S. cities this year. These "blackouts" could change your money forever... More than $35 trillion in wealth is on the chopping block. And while it may be devastating for millions of Americans, Herb says a select few could collect hundreds-of-percent gains from the fallout. If you take the right steps, you could come out of this in a far stronger financial position than ever before. [Get the full story here](. Regards, Sam Latter January 26, 2023 --------------------------------------------------------------- If someone forwarded you this e-mail and you would like to be added to the Empire Financial Daily e-mail list to receive e-mails like this every weekday, simply [sign up here](. © 2023 Empire Financial Research. All rights reserved. Any reproduction, copying, or redistribution, in whole or in part, is prohibited without written permission from Empire Financial Research, 380 Lexington Ave., 4th Floor, New York, NY 10168 [www.empirefinancialresearch.com.]( You received this e-mail because you are subscribed to Empire Financial Daily. [Unsubscribe from all future e-mails](