Exactly! The smoking gun is the fact they were able to short more shares than actually existed by 40 percent. That pretty much proves these were sham transactions to begin with. These were not actual accountable short sales. It’s flat out fraud on a massive scale.
And the supposedly neutral regulators said nothing until the hedge fund crooks started taking it right between the eyes and now they go after people who did that same thing the hedge fund big boys were doing? This is how revolutions start when you start stealing peoples money outright.
There’s nothing illicit about shorting more than 100% of the shares in a company subject to short sales. In a frenzy like this many of them are changing hands multiple times even within a few hours.