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$RILY is a criminal operation.. I can say that with a high level of confidence https://t.co/I0eNnfKuH8
Founder of the GPB Ponzi Scheme now headed to prison -- this massive fraud was heavily promoted by $RILY (National Securities) to unsuspecting investors as explained in civil lawsuit alleging $RILY "substantially aided" the ponzi. https://t.co/MC9B1gMqtE https://t.co/4oMF4hOBTs
Don Palermo, a known B Riley stock tout, can't stop shilling $RILY, trying to engineer a short squeeze even though he admits there's no fundamental case for the stock. Par for the course for this lot. 👇 https://t.co/6ZL9VyaBeU
B. Riley Financial, Inc. ($RILY) is facing significant scrutiny following a series of allegations linking the firm to fraudulent activities. The postponement of sentencing for John Hughes, associated with the Prophecy Asset Management LP fraud, has raised concerns among investors. Observers suggest that Hughes may be cooperating with the Department of Justice, potentially implicating others within B. Riley. Additionally, claims have emerged regarding the firm's involvement in promoting the GPB Ponzi Scheme, with allegations stating that B. Riley 'substantially aided' this fraudulent operation. These developments have led to a growing perception of B. Riley as a 'criminal operation' among critics, further complicating the firm's reputation in the financial market.