LOS ANGELES, Oct. 5, 2006 – Brad Greenspan, founder of Myspace.com, today issued an online report at Freemyspace.com that details how Intermix Media, Inc.'s sale of Myspace intentionally defrauded shareholders out of tens of billions of dollars. Saying it is “one of the largest merger and acquisition scandals in U.S. history,” Greenspan is calling for further investigation by the Securities and Exchange Commission, the United States Department of Justice and the United States Senate Committee on Finance. Greenspan served as chairman and chief executive officer when Myspace was created by Intermix.
“The answer to how News Corp. was fortunate enough to buy one of the largest and most valuable Internet companies for pennies on the dollar is now clear,” said Intermix's largest individual shareholder and Myspace founder Brad Greenspan. “I expect as the authorities get their arms around what happened, that this transaction will be unwound and Myspace will be independent. An independent Myspace is significantly better for its users and shareholders.”
“For the first time the public can read what took place behind the scenes and how shareholders were blatantly misled into voting for a quick and unfair sale to News Corp.,” continued Greenspan. “Deliberate steps were taken to withhold and manipulate information; money was improperly gained and laws were broken. It is my hope that regulatory bodies will begin their investigations quickly before evidence is destroyed.”
― hstencil (hstencil), Thursday, 5 October 2006 18:37 (nineteen years ago)
― Sam: Screwed and Chopped (Molly Jones), Thursday, 5 October 2006 18:39 (nineteen years ago)
― hstencil (hstencil), Thursday, 5 October 2006 18:40 (nineteen years ago)
― Sam: Screwed and Chopped (Molly Jones), Thursday, 5 October 2006 18:41 (nineteen years ago)
http://sunbeltblog.blogspot.com/2005/09/who-is-brad-greenspan-and-why-is-he-so.html
Guy didn't found jack shit. two bit scammer.
― TOMBOT (TOMBOT), Thursday, 5 October 2006 18:48 (nineteen years ago)
― hstencil (hstencil), Thursday, 5 October 2006 18:49 (nineteen years ago)
― Ned Raggett (Ned), Thursday, 5 October 2006 18:50 (nineteen years ago)