kristen shaughnessy
25.2K posts
@kshaughnessy2
Independent Journalist,Former NY1 Anchor/Reporter, TEDx Speaker, Top 50 Irish America Power Women, Women in Tech Global Conf. Spkr
Today, my work over the years received another validation. The DoJ, together with the FBI, announced charges against three executives of SuperMicro (SMCI) for Conspiracy to Violate the Export Control Reform Act. Since at least early 2024, SMCI's executives built a sophisticated, systematic scheme to illegally divert billions of dollars worth of high-performance AI servers containing restricted Nvidia GPUs to China, using a pass-through company in Southeast Asia to evade U.S. export controls. I was the first to call out this smuggling phenomenon in late 2023, when it was just beginning to pick up volume. I tracked the flow of chips across Southeast Asia, including their final destinations in China, and identified the key participants, SMCI among them, documenting how the sophisticated, systemic scheme operated. What the DoJ described in its charging documents is precisely what I wrote about numerous times: the mechanics of how it works, the routes the GPUs travel from origin to their final destination in China, and the volume of the smuggling, which I estimated at tens of billions of dollars worth of GPUs. SMCI is a significant catch, but it is far from the only player in this smuggling ecosystem. Others remain uncharged. What has been equally troubling is that many companies, including public companies and their executives, have had knowing or willful blindness to this phenomenon, looking the other way in order to hit sales targets and meet Wall Street estimates. Meanwhile, the smuggling network has evolved in parallel with one of the fastest datacenter buildouts in Southeast Asia, involving numerous subsidiaries, local companies, and datacenter operators who have absorbed every lesson from the smuggling playbook and are now working around the clock to build a datacenter empire across the SEA region.
SMCI confesses to being Nvidia's partner-in-crime in Singapore sales. Amazing.
I will be in Philly on March 30. If anyone would like to meet with me, please email CommissionerPeirce@sec.gov with Philadelphia in the subject line and a brief description of what you'd like to discuss.
Algorithm is better today than 3 months ago?
$SMCI The financial media largely ignored Super Micro's questionable accounting We didn't. Now we are seeing a change in the financial media headlines. It came very slowly.. the media kept touting $SMCI & $NVDA even after big questions about their finances arose, but the tide seems to be turning "Super Micro short sellers have built a position worth nearly $4 billion—and the trade recently turned ‘very profitable,’ finance expert says" There were plenty of signs - these are just some of the more recent posts 👇 _______________ September 2024 No 10k and a DOJ Investigation $SMCI One of $NVDA's big clients x.com/kshaughnessy2/… _______________ November 2024 $SMCI I guess it doesn't matter that Super Micro's last auditor, EY, resigned and questioned the company's integrity x.com/kshaughnessy2/… December 2024 "Super Micro whistleblower doubles down on claim he was fired for complaining about accounting practices at the $20 billion tech giant" x.com/kshaughnessy2/… _____________ Feb 2025 Will these recent arrests in Singapore raise even more questions about Nvidia's or Super Micro's accounting? x.com/kshaughnessy2/… @DarioCpx & @kakashiii111 have been pointing out the red flags for a long time.
Almost one year ago in the post below I stated: “I bet the FBI will raid $SMCI offices and open a hell of a pandora box” Today the company issued a statement confirming 3 people associated with $SMCI have been charged by the FBI with conspiracy to smuggle billions worth of AI tech in violation of US export control regulations. Yes, so far only these individuals are being prosecuted, but if you think that the company had no involvement, I suggest to stop believing in unicorns. We know $SMCI has been cooking its books and now we know criminal activity in breach of US laws happened in connection with the company. Be ready for the full extent of the fraud to be official in any moment and for the value of its shares to sharply fall to its fair value: ZERO.
Did anyone check the actual exposure big banks have before changing the rules in their favor? Remember the stress tests were also revised last year in ways that helped big banks. “America’s biggest banks would be allowed to hold billions of dollars less in capital on their books under a series of new proposals, a change officials say will free up their ability to lend and compete with private-credit firms and other rivals…. …Big banks received massive bailouts in the 2008-09 financial crisis, prompting policymakers to impose higher capital requirements and other tightened controls designed to protect against a future crash. The measures limited their ability to lend and helped open the door to private-credit firms and other nonbank lenders….” wsj.com/finance/regula…
BREAKING: The Trump administration is pushing to loosen the capital restrictions put in place after the 2008 financial crisis, per WSJ
“john kluge gave 4 billion to the school„ will you relax.” “How Epstein leveraged his relationships with Columbia affiliates to help admit JPMorgan executive Jes Staley’s daughter” “…Following Alexa Staley’s visit to Columbia, she was in contact with Neil regarding her GRE scores. Staley’s quantitative section score was well above the average for the time, but her physics section score, 660, fell below the average of 686. “Alexa is calling today Cookie Neil, Director for Science Development at Columbia to tell her the GRE scores,” Jes Staley wrote in a November 2010 email to Epstein, who responded with “john kluge gave 4 billion to the school„ will you relax.” John Kluge, CC ’37, the founder of Metromedia and a television mogul, donated $400 million to the University for financial aid in 2007….” columbiaspectator.com/news/2026/02/1…
$NIXX $FNGR New story emerging for both Co.'s Worth a look finance.yahoo.com/markets/stocks…
$SLV $HYMC $CDE $AG Given the raid going on for Q1 end in SLV and the miners, the 12/31 closes are the target SLV 64.42 its already there CDE 17.73 its there now HYMC 23.77 still a ways off AG $16.66 getting close this am already @DarioCpx @kshaughnessy2 @krusty_krabbs
Where Is This Headline? The Demand For Physical Silver Is Still High. The Paper Silver Price Still Manipulated The financial media loves big headlines highlighting price drops in silver and gold - but stays very quiet on the physical silver shortage. wsj.com/finance/commod…
