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Bought Wall Street With My Enemy's Money
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00:00:02Nervous? The Wall Street Queen actually gets nervous?
00:00:04Of course. It's the Global Finance Leader Award.
00:00:08It's already yours.
00:00:10After I get up there, let's announce the wedding date. Yeah?
00:00:15Whatever you want.
00:00:16Ladies and gentlemen, please welcome this year's Global Finance Rising Leader, Hayes Capital CEO, Ms. Claire Hayes.
00:00:23Go on, my queen.
00:00:23I'm on your throne.
00:00:36Thank you. Thank you to every single person at Hayes...
00:00:43Evan? You...
00:00:46Ladies and gentlemen, I apologize. Before Ms. Hayes finishes her speech, I have to announce something unfortunate.
00:00:55Pursuiting to Article 14.3 of the Hayes Capital Corporate By Our Laws and Section 7.2 of the pre
00:01:01-nuffinal agreement signed by Ms. Claire Hayes as trustee of the Sterling Family Trust, I hereby read the special board
00:01:07resolution passed at 4 p.m. today.
00:01:10Claire Hayes has used her position as CEO to engage in long-term insider trading and embezzlement of company funds.
00:01:25Evan, tell them, tell them this isn't real! Tell them!
00:01:30Claire, I gave you a chance.
00:01:35On behalf of the Hayes Capital Board, I hereby suspend Claire Hayes as CEO, effective immediately.
00:01:40All her voting shares are temporarily transferred to the Sterling Family Trust.
00:01:44I am authorized to act as interim CEO and cooperate with the SEC investigation.
00:01:49This is slander! Evan! You're using this to steal my company! This is despairable!
00:01:55Southern District of New York Federal Court, TRO issued at 5.30 p.m.
00:01:59Ms. Hayes, during the investigation, you are barred from any company assets, accounts, or confidential information.
00:02:06That prenup...
00:02:08You planned this three months ago.
00:02:12Security.
00:02:14Get off me! Get your hands off me! This is my night!
00:02:25How could he? Evan, how could you?
00:02:31It was always meant to be yours.
00:02:34Whatever you say, babe, I'm all yours.
00:02:39No, no, no, this can't be happening. There's gotta be a mistake.
00:02:43There's gotta be a mistake.
00:03:15what are you doing what does it look like we're why are you back
00:03:28you're insane
00:03:32i built your career from nothing and you climb into my bed to thank me thank you
00:03:38claire you know what i hated most that look that holier than thee look
00:03:48enough evan at the awards you set me up and now you're with her set you up claire
00:03:56you really think those documents were forged what did you say where do you think hayes capital
00:04:02seed money came from where do you think your startup capital actually came from
00:04:08i gave you five years in the spotlight claire five years of applause awards magazine covers
00:04:16now it's time to give it all back you've been lying from day one what did you expect
00:04:21you thought i actually loved you a woman whose entire mind is a bloomberg tailer so
00:04:26all of it was a setup yes now get out this is my home
00:04:34your home claire did you forget whose name is on the deed your name was never on this property
00:04:42not once not ever victor
00:04:50show miss hayes out from this moment on she is no longer welcome in this house miss hayes this way
00:05:04miss hayes
00:05:05the rain is heavy this should cover and a cab
00:05:13victor thank you take care of yourself miss hayes
00:05:34kai come get me miss hayes i'm sorry mr sterling just gave the word every company cars off limits to
00:05:40you
00:05:41froze my accounts burned my contacts evan that's the best you've got
00:05:59wiped me out
00:06:01fine evan then i'll build it back
00:06:05from zero i'm taking back every piece then i'm shorting your kingdom straight into the dirt
00:06:11victor
00:06:12this 20
00:06:13might be the last warm thing on wall street tonight
00:06:24mark how much do you know about what evan did
00:06:27miss hayes i i don't know anything
00:06:30michael you picked his side too didn't you claire i'm sorry evan said if i helped you my son's study
00:06:35abroad gets revoked my whole family gets blackballed off the street
00:06:38so you were threatened
00:06:39what's the difference the result is the same
00:06:41the difference is when you're threatened you still got to choose you didn't choose me
00:06:44but i won't hate you for it
00:06:56friends allies rules all useless
00:07:09this is my notebook from when i made my first real money
00:07:18numbers can lie
00:07:19human nature can't
00:07:21short it
00:07:26this is
00:07:27the financing structure from five years ago
00:07:31evan you forgot
00:07:33before i was anyone's ceo
00:07:35i was the wolf hunting in the data jungle
00:07:38you took my company
00:07:40my name
00:07:41everything i built
00:07:42but you can't take this
00:07:44the instinct in my bones
00:07:46mrs hayes
00:07:47you also want evan to pay don't you
00:07:50what do you want me to do
00:07:52nothing
00:07:53stay his butler
00:07:56when i need you
00:07:57i'll tell you
00:08:15new face
00:08:17you know the rules here
00:08:18i heard this place lets you trade high leverage futures with small capital
00:08:21two grand minimum
00:08:22you lose don't cry
00:08:23nobody here cares if you live or die
00:08:27give me a terminal
00:08:51shorting sterling groups novatec
00:08:53that's the hottest stock of the month
00:08:55lady you here to donate cash
00:08:57is she crazy
00:08:58novatec just popped five percent today
00:09:00every analyst on the street is bullish
00:09:08what
00:09:13i'm done margin call i'm wiped out
00:09:15close it out
00:09:17why won't it close
00:09:24cash me out
00:09:25how the hell did you know novatec would tank tonight
00:09:30their receivables
00:09:31three buyers 67 percent
00:09:33names scrubbed
00:09:35but you can trace them
00:09:36all shells
00:09:37the minute the annuals drop
00:09:38the institutions bolt
00:09:41because evan loves a shiny package
00:09:43crack it open
00:09:44the books are always rotten
00:09:49mr wright
00:09:50mr wright
00:09:50that woman you flagged
00:09:51she just turned two grand into forty thousand
00:09:54right in my pit
00:09:56stay on her
00:09:58don't blink
00:10:09who the hell is she
00:10:10banked another 80 grand last night
00:10:11don't ask
00:10:12marcus said don't mess with her
00:10:13mr wright
00:10:14two grand to 800k
00:10:15three nights flat
00:10:16she's sitting on roughly 800,000
00:10:18what's her play
00:10:19surgical way too clean
00:10:21every entry
00:10:22like she's reading the cards
00:10:23before they hit the table
00:10:24stay on her
00:10:25i've got a feeling
00:10:26she's the one
00:10:27the one i've been hunting
00:10:29for three years
00:10:32sir
00:10:33novatec crashed
00:10:34it tripped the margin call
00:10:36on the whole supply chain
00:10:38how bad
00:10:3930 million and counting
00:10:40if it keeps bleeding
00:10:42at the open tomorrow
00:10:42the banks reopen
00:10:43our supply chain credit review
00:10:45who's pulling the trigger
00:10:47no fingerprints
00:10:48the book is spotless
00:10:49whoever it is
00:10:50they timed the trigger
00:10:51to the millisecond
00:10:56evan
00:10:57that was just the first cut
00:10:59we're only getting started
00:11:11babe
00:11:12look who it is
00:11:14claire
00:11:15i figured you'd have
00:11:16crawled back to whatever
00:11:17small town you came from
00:11:18by now
00:11:18evan
00:11:19check out the briefcase
00:11:20bet it's stuffed with resumes
00:11:22job hunting on wall street
00:11:24sweetie
00:11:24without your company
00:11:25you're a nobody
00:11:26what job is she gonna land
00:11:27hostess at a diner
00:11:29don't forget
00:11:30i made the calls
00:11:32not one firm in new york
00:11:34will touch you
00:11:34you done
00:11:36excuse me
00:11:37i said
00:11:38are
00:11:39you done
00:11:39because you're in my way
00:11:41evan sterling
00:11:42take a real good look at me
00:11:45and remember
00:11:45and remember exactly
00:11:46how you're looking down
00:11:47at me right now
00:11:48because the next time
00:11:49we cross paths
00:11:52you won't dare talk to me
00:11:54like that
00:11:57you look lost
00:11:58claire
00:11:59wall street
00:12:00finally run out of doors
00:12:01to slam in your face
00:12:04sir
00:12:04novatex crash
00:12:05tripped the chain of margin calls
00:12:06on the top of by three sharp
00:12:07or they yanked the supply chain credit
00:12:09useless
00:12:10can't even handle the small stuff
00:12:11babe
00:12:12what was that about
00:12:13forget her
00:12:14i'm starving
00:12:15nothing
00:12:16just office noise
00:12:19don't ever cross my path again
00:12:28i'm not here for your crown
00:12:30i'm here for the ground under your feet
00:12:35miss hayes
00:12:36and you are
00:12:37my boss would like a word
00:12:39i don't know your boss
00:12:41but he knows you
00:12:43has
00:12:43since the second you shorted novatex
00:12:47he says
00:12:48he can give you the stage
00:12:49to take it all back
00:12:53lead the way
00:13:00speak
00:13:00she didn't come tonight
00:13:01but the floor is talking
00:13:03they're calling her the oracle
00:13:04three guys copied her plays today
00:13:06all blew up
00:13:07only she made money
00:13:08you hear about her
00:13:09that woman
00:13:10walked in three days ago
00:13:11with two grand
00:13:11word is she's sitting on six figures now
00:13:14more than that
00:13:14my guy at another underground desk
00:13:16saw her last night
00:13:17shorted three tickers
00:13:18nailed every single one
00:13:19lucky run right
00:13:19and this tape
00:13:20who hasn't blown up an account
00:13:23luck
00:13:25she reverse engineered
00:13:26the cash flow
00:13:27on all three names
00:13:28like she was reading the deck
00:13:30before the cards hit
00:13:31capital under management
00:13:33conservative
00:13:34close to 900 grand
00:13:35i pulled her traits
00:13:35from last night
00:13:36every short
00:13:37was a sterling group
00:13:37supply chain entity
00:13:38she's not gambling
00:13:41she's building a trap
00:13:42you mean
00:13:43every trade she makes
00:13:45has a target
00:13:46her target isn't money
00:13:47it's the destruction
00:13:49of sterling group
00:13:50three years
00:13:52i've been searching
00:13:53three years
00:13:53and i just found her
00:13:55found what
00:13:56someone who can flip
00:13:58wall street upside down
00:14:01looks like
00:14:02the wolf is coming
00:14:03out of her cage
00:14:13nova tech
00:14:15how did you know
00:14:16about the related party
00:14:17transactions in advance
00:14:18i didn't
00:14:19i just read every public
00:14:20filing
00:14:21and found the leverage
00:14:22point they buried
00:14:23your analysis is sharper
00:14:24than my entire research
00:14:25teams
00:14:26but i don't back avengers
00:14:27i back winners
00:14:29you get one hour
00:14:30show me the next bomb
00:14:31at sterling
00:14:32if you can't
00:14:33you out
00:14:36i don't need an hour
00:14:40sterling's tier 2 suppliers
00:14:41their short-term debt
00:14:42is fully backed
00:14:43by sterling's credit guarantee
00:14:44but sterling's credit rating
00:14:46is being downgraded
00:14:47because of the nova tech
00:14:49short i triggered
00:14:50once the guarantee fails
00:14:51pan asia metals
00:14:53debt triggers
00:14:54cross default
00:14:55this isn't speculation
00:14:56it's a rhythmic
00:14:59i keep a team
00:15:00of overpaid idiots
00:15:01they took three weeks
00:15:02you
00:15:02and i
00:15:03was using my last dollar
00:15:05to survive
00:15:08survive
00:15:10hayes capital
00:15:11a three-year build
00:15:12that wasn't luck
00:15:14good
00:15:16i like your honesty
00:15:18and i respect your skill
00:15:22obsidian capital
00:15:24i provide the funds
00:15:25the team
00:15:26and the highest trading
00:15:27access on the street
00:15:28you
00:15:30only need to provide
00:15:32the strategy
00:15:35the terms
00:15:3750-50 on all profits
00:15:39draw down over 10%
00:15:40you out
00:15:41and
00:15:42all trading authority
00:15:44stays with me
00:15:44then you'd better pray
00:15:46my revenge happens
00:15:47to be very profitable
00:15:48my target
00:15:49is to dismantle
00:15:50sterling group
00:15:51with my own hands
00:15:53your revenge
00:15:54doesn't interest me
00:15:55but i'm happy to provide the stage and the tickets for a hell of a show
00:15:58as long as you keep delivering profit
00:16:00as long as you don't get in my way
00:16:01i only care about results
00:16:08welcome to obby and claire
00:16:11so
00:16:13partner
00:16:14what's your first move
00:16:16first
00:16:16i sever evan's favorite cash find
00:16:19i want him to watch
00:16:21his empire wrought from the foundation up
00:16:26claire
00:16:27after novatek you've been seven for seven
00:16:30but this one
00:16:31shorting oceanic freight
00:16:32they have government contracts
00:16:34oceanic freight
00:16:34target confirmed
00:16:35build the short
00:16:36claire
00:16:37that's a death wish
00:16:38their financials are rock solid
00:16:39cash flow is healthy
00:16:40every analyst loves them
00:16:41yeah
00:16:42our model says
00:16:43shorting them is suicide
00:16:45your model missed something
00:16:46what detail
00:16:47we audited the contract three times
00:16:49look a fourth time
00:16:51appendix c
00:16:52section four
00:16:53the south america route renewal clause
00:17:01this is
00:17:02a hidden poison pill clause
00:17:04if it triggers
00:17:06their fleet capacity
00:17:07gets cut in half
00:17:09christ
00:17:10how did we miss this
00:17:11remember this
00:17:12the devil is always in the details
00:17:15now kill all doubts
00:17:17build the position
00:17:21miss hayes
00:17:22there's a visitor downstairs
00:17:23not now
00:17:24trading hours
00:17:25i see no one
00:17:26it's a financial times reporter
00:17:28he says he knows
00:17:29your previous identity
00:17:32previous identity
00:17:35my previous identity
00:17:37was the spouse
00:17:38of a sterling group employee
00:17:39i never signed an nda
00:17:40i have zero legal obligation
00:17:42to silence
00:17:46but how does he know
00:17:47he won't share
00:17:48just says it's a finance source
00:17:49who wishes to remain anonymous
00:17:58what the hell
00:17:59this
00:18:00this article
00:18:01ties us to the
00:18:02novotec case
00:18:03they're calling it
00:18:05malicious shorting
00:18:12make him wait two hours
00:18:14after close
00:18:15conference room
00:18:24claire
00:18:25this is over
00:18:26if the sec labels us
00:18:28inside information manipulation
00:18:29the entire fund is finished
00:18:31we have to close every position
00:18:32hold everything
00:18:33evan
00:18:34your counterpunch came faster
00:18:36than i thought
00:18:37but
00:18:38that's all you've got
00:18:43listen
00:18:44all of you
00:18:48remember who you are
00:18:50you're obsidian capital
00:18:52traders
00:18:53not gossip calamists
00:18:55for some sidewalk tabloid
00:19:01but
00:19:02claire
00:19:03evan sterling's counterstrike
00:19:05is coming
00:19:05we'll be the target
00:19:06of every desk on the street
00:19:08his counter
00:19:12i've been waiting for his counter
00:19:20sir
00:19:21over the past three weeks
00:19:23three of our core supply chain stocks
00:19:26have crashed
00:19:27nearly 30 billion in market cap
00:19:29gone
00:19:30have you traced who's behind it
00:19:32we have
00:19:32it's obsidian capital
00:19:35obsidian
00:19:37william wright
00:19:37that old fox wants a piece of me
00:19:40no sir
00:19:41according to our intel
00:19:44the main hand on the trade
00:19:46who
00:19:48it's miss hayes
00:19:50who
00:19:51claire
00:19:53craig
00:19:53are you joking right now
00:19:54sir
00:19:56these are all the trade records
00:19:57and model analysis
00:19:58surgical
00:19:59lethal
00:20:00every entry like she's reading the cards
00:20:08this
00:20:08this can't be
00:20:09this model
00:20:11is sharper than my top quads
00:20:18when the hell did they hook up
00:20:21tom black
00:20:22financial imes
00:20:23miss hayes
00:20:24thank you for your time
00:20:25your source
00:20:26who
00:20:26source protection
00:20:28you understand
00:20:29i do
00:20:30so i'll respond with the same professionalism
00:20:33no comment
00:20:34about my private life
00:20:35my past
00:20:36or anything unrelated to obsidian's investment strategy
00:20:39no comment
00:20:40and if i tell you
00:20:41my source handed me this
00:20:43four months ago
00:20:45you were the ceo of hayes capital
00:20:46three months later
00:20:47you're here
00:20:47the most talked about analyst on the street
00:20:49and this
00:20:50your registration record
00:20:51at the underground trading pit
00:20:53what do you want
00:20:53a fascinating story
00:20:55headline already written
00:20:56sterling's cast off bride
00:20:57the wall street phantom
00:20:58great headline
00:21:00but it's missing one critical element
00:21:02what
00:21:02accuracy
00:21:04you write stories
00:21:05i write numbers
00:21:06stories sell papers
00:21:08numbers print money
00:21:09i'll give you a better story
00:21:10but
00:21:12you wait two weeks
00:21:14wait for what
00:21:15for a number
00:21:16that turns your headline
00:21:18from gossip
00:21:19to history
00:21:26evan
00:21:27did you see the news
00:21:28that bitch
00:21:28she's in the wall street journal
00:21:30they're calling her some phantom analyst
00:21:31what the
00:21:33shut up
00:21:36legal
00:21:36get in here now
00:21:39claire
00:21:41you really think a backer
00:21:42makes you my equal
00:21:43i made you what you were
00:21:45i can erase you into nothing
00:21:47just watch
00:21:48this time
00:21:49i won't leave you a single way back up
00:22:00sir
00:22:01they're all here
00:22:06claire thinks hiding behind william
00:22:08makes her safe
00:22:08i'll teach her
00:22:10wall street isn't her decision to make
00:22:12get on the phone with the new york post
00:22:14and every finance blog you know
00:22:16the obsidian phantom
00:22:18dirty trades behind the short queen
00:22:20understood
00:22:21focus angle
00:22:22implies she's using her personal relationship with william to access inside information
00:22:27don't need proof
00:22:29just sources close to the matter
00:22:32the public eats that up
00:22:34draft in three days
00:22:36and uh reach out to sterling's three partner banks
00:22:38tell them
00:22:40if they keep clearing for obsidian sterling terminates every line of business with them
00:22:44sir that
00:22:44that pushes our funding costs up at least 200 basis points
00:22:48i'd burn a hundred million before letting her see another sunrise
00:22:50get it done
00:22:57mr right
00:22:59evan sterling
00:23:01evan
00:23:02long time
00:23:06a proposition
00:23:07drop claire
00:23:09name your price
00:23:10are you threatening me
00:23:11or buying me
00:23:12both
00:23:12we both know she's just a tool
00:23:14tools can be swapped
00:23:16evan
00:23:17your biggest problem isn't stupidity
00:23:20that you can't read people
00:23:27there's good protege
00:23:28evan
00:23:28this is lynn
00:23:30vice president of athel capital
00:23:31sorry to intrude
00:23:32but i have a proposal here
00:23:33i think you'll be very interested
00:23:35lynn
00:23:35i hear things aren't going so well for you at athel
00:23:38i have indeed been looking for a more suitable platform lately
00:23:41the proposal i have
00:23:43offshore structuring
00:23:44debt transfer
00:23:44shell listing
00:23:45you'll definitely be interested
00:23:46offshore structuring
00:23:48this proposal
00:23:48did you come up with it yourself
00:23:50mr aiden
00:23:51this is entirely my original work
00:23:53all right
00:23:54you've convinced me
00:23:56i'll take the proposal
00:23:57once the merger goes through
00:23:58you can put your name on it
00:23:59however you like
00:24:00but one thing
00:24:01this proposal must be athel's original work
00:24:04understood
00:24:05understood
00:24:10let claire watch
00:24:13i'll build my empire with her own people
00:24:25miss hayes
00:24:29an sec subpoena
00:24:31they filed
00:24:32suspected market manipulation
00:24:34if they open a case
00:24:36every trade we have gets frozen
00:24:37the fund hits redemption risk
00:24:42hannah
00:24:43yes
00:24:44pull every compliance report
00:24:46trade log and email chain
00:24:48from our oceanic freight short
00:24:50all of it
00:24:51all of it
00:24:53yes
00:24:54have legal organize it
00:24:56voluntarily submit
00:24:57full cooperation
00:24:58voluntarily
00:24:59that's handing them the evidence
00:25:00someone wants to look
00:25:01i'll give them a clear view
00:25:04every step i've taken
00:25:06survives any audit
00:25:07he wants to beat me with the rules
00:25:09i'll use the rules
00:25:11to dismantle him
00:25:18the sec investigation
00:25:20closes in two weeks
00:25:22my lawyers confirmed
00:25:26he's just wasting my time
00:25:27evan sterling won't let this go
00:25:30he'll burn every resource to erase you from the street
00:25:33i know
00:25:34which is why
00:25:35i'm done playing his children's game
00:25:39my new plan
00:25:40oh
00:25:41evan thinks if he protects the top tier suppliers
00:25:44he stabilizes
00:25:45but he forgot
00:25:46what holds up his empire
00:25:48isn't the big names
00:25:49it's the legions of squeezed
00:25:51fragile tier two suppliers
00:25:53tier two suppliers
00:25:54they're debt chains
00:25:54fragile as paper
00:25:55i bypass his front line
00:25:59and hit the most fragile debt links
00:26:01cut the cash flow of his entire supply chain
00:26:05i thought you only wanted to dismantle his empire
00:26:08claire
00:26:09you're more dangerous than i bet on
00:26:13sir
00:26:14the sec investigation just closed
00:26:16and
00:26:17that woman finally pays for her stupidity
00:26:20every ofeptian capital trade
00:26:22fully companion
00:26:23the sec dismissed all of our complaints
00:26:26compliant
00:26:27impossible
00:26:28she must have pulled strings
00:26:31evan
00:26:31this isn't the moment to dig into that
00:26:33our supply chain is collapsing
00:26:35just now
00:26:36our third core supplier crashed
00:26:38their ceo called
00:26:39they're filing for bankruptcy protection
00:26:42shut up
00:26:43useless
00:26:44can't even handle one woman
00:26:46i tossed out
00:26:48sir
00:26:49this is the obsidian capital flow trace
00:26:51we pulled
00:26:55let's see who gave her the nerve
00:27:00find it
00:27:00trace this money
00:27:01to the source
00:27:03i'll send her and whoever's backing her
00:27:04straight to hell
00:27:06we can't
00:27:06funds come from a top secret offshore trust
00:27:08our people don't have access
00:27:10what did you say
00:27:12whoever this is
00:27:14the background is bottomless
00:27:21out
00:27:22everyone out
00:27:30they're making it up
00:27:31saying we used inside information
00:27:34and questioning the source of your funds
00:27:36more than that
00:27:40three banks just notified
00:27:42they're suspending clearing services
00:27:44reason
00:27:45risk
00:27:46reassessment
00:27:48the narrative is spreading
00:27:50social media is piling on
00:27:52a few partners are calling for an explanation
00:27:56evan's panicking
00:27:57claire
00:27:58this isn't about who's panicking
00:28:00if they cut our clearing
00:28:01we can't open positions tomorrow
00:28:03every position gets force liquidated
00:28:05names of the three banks
00:28:07manhattan first bank
00:28:08atlantic trust
00:28:09and sterling commercial bank
00:28:11the last one is evan's affiliate
00:28:12expected
00:28:13tell mr wright
00:28:14i need him to activate the offshore clearing channel
00:28:16he's already on it
00:28:17he said
00:28:18show evan what real resources look like
00:28:20as for the article
00:28:21what is pr proposing
00:28:23they're suggesting a cease and desist letter
00:28:26or a press conference to clarify
00:28:28no
00:28:29explanations are the weakest possible reply
00:28:34have pr do one thing
00:28:36take every publicly verifiable trade
00:28:38from my last three months
00:28:39build it into a visual report
00:28:41title
00:28:42numbers don't lie
00:28:43post it on obsidian site
00:28:45no response to gossip
00:28:47only performance
00:28:48slap them with facts
00:28:49the public loves stories
00:28:50but wall street only respects numbers
00:28:52once our pnl curve goes public
00:28:54that article becomes scrap paper
00:28:56and
00:28:56email every partner
00:28:57attach our compliance report
00:28:58and performance data
00:28:59no explanation
00:29:00just show them
00:29:01who's making money
00:29:01and who's losing it
00:29:02got it
00:29:06sir
00:29:06we have a problem with the banks
00:29:08speak
00:29:09manhattan first
00:29:10and atlantic trust just called
00:29:11they reinstated clearing for obsidian
00:29:13and
00:29:13and what
00:29:14and they stated
00:29:15going forward
00:29:16they won't adjust risk assessments
00:29:18based on third party pressure
00:29:19between the lines
00:29:21someone is backing blame
00:29:22and the article
00:29:24any traction
00:29:25day two after publication
00:29:27obsidian posted claire's trade record
00:29:30on their site
00:29:31three month annualized return
00:29:33347 percent
00:29:34comment section is roasting us
00:29:36for spreading lies
00:29:38p.r. keep writing
00:29:40keep writing
00:29:40until she's buried
00:29:42sir
00:29:42the new york post
00:29:43just got back to us
00:29:43they're not pursuing further
00:29:44engagement was high
00:29:46but trust score
00:29:47hit an all-time low
00:29:50this woman
00:29:51i underestimated her
00:29:54claire
00:29:54after our performance report dropped
00:29:56site traffic broke
00:29:57every record
00:29:58a dozen funds reached out
00:29:59for partnership talks
00:30:00evan tried to kill me with media
00:30:02ended up running free ads for us
00:30:05now
00:30:06it's our turn
00:30:16evan
00:30:16you're standing there drinking
00:30:18look at this
00:30:21she's the new face of wall street
00:30:23and me
00:30:24didn't you say she had nothing left
00:30:26i told you
00:30:27shut up
00:30:28you're telling me to shut up
00:30:29what did you promise me
00:30:31it's all gone
00:30:31every endorsement
00:30:33gone
00:30:33get the hell away from me
00:30:45claire
00:30:46pan asia metals
00:30:47was that you
00:30:49no
00:30:50no
00:30:50who else could it be
00:30:51it's consequence
00:30:53sterling's credit rating
00:30:54got downgraded
00:30:55pan asia's short-term debt
00:30:56was fully guaranteed
00:30:57by sterling's credit
00:30:58guarantee fails
00:30:59debt defaults
00:31:00the market panics into selling
00:31:01chain reaction
00:31:02i just saw the ending
00:31:04before they did
00:31:04you knew this would happen
00:31:06all along
00:31:07i'm not betting on stock prices
00:31:08i'm betting on human nature
00:31:11evan's too arrogant
00:31:12he thinks he writes the rules
00:31:16miss hayes
00:31:17downstairs
00:31:21reporters
00:31:23yes
00:31:23wall street journal
00:31:25financial time
00:31:26all of them
00:31:33miss hayes
00:31:34are your serial shorts
00:31:35on sterling
00:31:36a personal revenge
00:31:37against your ex-fiancé evan
00:31:38wall street calls you
00:31:39the phantom analyst
00:31:40do you admit to using
00:31:41inside information
00:31:42to manipulate the market
00:31:43rumor says you're backed
00:31:45by mystery capital
00:31:45is it true
00:31:50let the market answer
00:32:04a nice opportunity
00:32:05to see some old friends
00:32:08i'll need a gown
00:32:09already taken care of
00:32:13sterling group's market cap
00:32:15evaporated another 15% today
00:32:18the market wildly believes
00:32:20that obsidian capital's
00:32:21successive short mailing
00:32:22has breached the group's
00:32:24credit bottom line
00:32:26she probably won't come
00:32:28right
00:32:32darling
00:32:33tonight
00:32:34i'm the center
00:32:35of this room
00:32:36of course
00:32:44who is that
00:32:49gravitational pull
00:32:50must be another
00:32:51consortium chief
00:33:00the eternal star
00:33:01that necklace
00:33:0230 million dollars
00:33:04how is she even
00:33:06wearing it
00:33:06wasn't she wiped out
00:33:13claire
00:33:13didn't expect to see
00:33:15you here
00:33:15move
00:33:18you
00:33:20well well
00:33:21look who crawled
00:33:22back off the curb
00:33:24did evan forget
00:33:25to take out the trash
00:33:26found yourself
00:33:27a new meal
00:33:28then already
00:33:28i'm evan's fiance
00:33:30the future lady
00:33:31of sterling group
00:33:32oh that red dress
00:33:35versailles silk
00:33:36last fall's line
00:33:37if memory serves
00:33:38it's leftover inventory
00:33:40from a sterling
00:33:40teftile subsidiary
00:33:41clearing out dead stock
00:33:42you're lying
00:33:43evan custom ordered
00:33:44this newest piece
00:33:45has sterling's balance
00:33:46sheet really gotten so bad
00:33:48that you need clearance stock
00:33:50to dress the showroom
00:33:51last year's leftover stock
00:33:52that's painful
00:33:57claire
00:33:59don't push it
00:34:15mr. wright
00:34:22douglas
00:34:23meet claire
00:34:24my partner
00:34:26miss hayes
00:34:30the phantom analyst
00:34:32your name precedes you
00:34:33mr. douglas
00:34:35i'm on the clock
00:34:37i want your kensington pharma
00:34:39senior loan trant
00:34:40mrs. hayes
00:34:41you're joking
00:34:42kensington is sterling's
00:34:44biggest client
00:34:44their debt
00:34:45is burning
00:34:46isn't it
00:34:47sterling's credit
00:34:48is collapsing
00:34:49kensington's cash flow
00:34:50goes next
00:34:51that paper on your books
00:34:53turns into a bad debt
00:34:54fast
00:34:56that's market speculation
00:34:58i don't speculate
00:34:59i calculate
00:35:02i'm offering you
00:35:03a fair price
00:35:04to exit
00:35:05before the disaster
00:35:11of course
00:35:12of course
00:35:13miss hayes
00:35:14your offer
00:35:15is extremely attractive
00:35:17and
00:35:17monday morning
00:35:19my office
00:35:20will talk every detail
00:35:24claire
00:35:25wait
00:35:29what the hell
00:35:30do you want
00:35:31i don't understand
00:35:32the question
00:35:34money
00:35:34how much
00:35:3550 million
00:35:36100
00:35:36just say a number
00:35:37and stop
00:35:38i'll write the check
00:35:41money
00:35:42yeah
00:35:42that's what all this is about
00:35:44isn't it
00:35:44that's who you've always been
00:35:46evan
00:35:47you still see me that way
00:35:49an apology
00:35:50fine
00:35:50i'll apologize
00:35:51for everything
00:35:52i'll take out a full page ad
00:35:53in the wall street journal
00:35:54i don't want your money
00:35:58i want all of it
00:36:00everything you have
00:36:14evan
00:36:14loss is piling up
00:36:16supply chain
00:36:17gone
00:36:17how is this company
00:36:19supposed to keep running
00:36:20kensington pharma's receivables
00:36:22our biggest client
00:36:23their debt was acquired
00:36:25by a third party
00:36:26last night
00:36:26we can't even collect
00:36:28what they owe us
00:36:29shut up
00:36:31shut up
00:36:32we need
00:36:34emergency funding
00:36:35now
00:36:36or next week
00:36:38we can't even
00:36:39make payroll
00:36:40what are the banks saying
00:36:44i called three banks
00:36:45they
00:36:46speak
00:36:47they all rejected
00:36:49our loan applications
00:36:52it's over
00:36:53all of it
00:36:54their reason
00:36:56our credit rating
00:36:58is no longer sufficient
00:36:59for new lending
00:37:02i don't want your money
00:37:04i want all of it
00:37:06everything you have
00:37:09it's her
00:37:11all of this
00:37:12is her
00:37:13sir
00:37:14miss claire's car
00:37:16is parked right outside
00:37:17the building
00:37:17she says she's waiting
00:37:18for you
00:37:25evan
00:37:26where are you going
00:37:33claire
00:37:33have you lost
00:37:35your mind
00:37:35i'm completely
00:37:36sane
00:37:39you destroy
00:37:40all of this
00:37:43to get back at me
00:37:44wreck a thousand jobs
00:37:47their livelihood
00:37:48when you threw me out
00:37:50left me with nothing
00:37:51did you spare a second
00:37:53for my livelihood
00:37:56i
00:37:56i had to
00:37:58you did it for your love
00:38:00your new life
00:38:01you weren't like this
00:38:03before
00:38:03you were soft
00:38:05you were warm
00:38:06i've always been like this
00:38:09you
00:38:10evan
00:38:11you just never looked
00:38:23claire
00:38:26ladies and gentlemen
00:38:27today we launch
00:38:28what ethel capital
00:38:29has spent
00:38:30a year building
00:38:31a cross-border
00:38:32mno model
00:38:33that integrates
00:38:34the most advanced
00:38:35offshore
00:38:36kirk structure
00:38:36and risk logic
00:38:38total deal size
00:38:3912 billion dollars
00:38:48mr linn
00:38:49some industry experts
00:38:50say this looks similar
00:38:51to old haze
00:38:52of capitus frameworks
00:38:53old frameworks
00:38:55some people's thinking
00:38:56is stuck in the past
00:38:58you can't coast
00:38:59on a name forever
00:39:00linn used to work
00:39:01under claire
00:39:02whatever genius play
00:39:03claire pulled back then
00:39:03the street saw through
00:39:04it years ago
00:39:05linn's the real talent
00:39:07a hazone
00:39:08is wall street's
00:39:09daily breakfast
00:39:15linn
00:39:18your redeemable
00:39:20preferred shares
00:39:20third layer
00:39:21bvi structure
00:39:22what's the trigger
00:39:23condition
00:39:24claire
00:39:25this is
00:39:27ethel proprietary
00:39:28i can't discuss
00:39:29march 2024
00:39:30irs tax ruling
00:39:322024-18
00:39:33non-qualified
00:39:34offshore entities
00:39:35punitive tax rates
00:39:36apply
00:39:37your innovation
00:39:38three months ago
00:39:39was already
00:39:39classified as a tax
00:39:41minor
00:39:41and the bigger problem
00:39:43your cross-border
00:39:44capital path
00:39:45routes through
00:39:45credit seuss
00:39:46zurich
00:39:46that bank
00:39:47was added to the
00:39:48OFAS secondary
00:39:49sanctions list
00:39:50last year
00:39:51for transactions
00:39:52with sanctioned
00:39:53entities
00:39:53sign a 12 billion
00:39:55dollar deal
00:39:55with this structure
00:39:56day two
00:39:57accounts frozen
00:39:5847% tax
00:39:59plus OFA penalties
00:40:03how do you know
00:40:04when you copied my framework
00:40:06you missed the last page
00:40:08the risk register
00:40:09i spent three months
00:40:11pulling it from case law
00:40:12and tax rulings
00:40:13it's not in textbooks
00:40:14my revised plan
00:40:16funding cost down 22%
00:40:18zero tax risk
00:40:19zero sanctions risk
00:40:20mr philip
00:40:21ethel's genius
00:40:22borrowed my old work
00:40:23and forgot the licensing fee
00:40:24now i'm offering the upgrade
00:40:26for free on one condition
00:40:27this deal
00:40:28obsidian takes it over in full
00:40:35philip
00:40:36i put two million
00:40:37in her
00:40:38it's four million
00:40:38on paper now
00:40:41how much did you put
00:40:42into lynn
00:40:45sell the sun
00:40:55this act's fine
00:40:57just interest
00:41:02boss
00:41:03ethel's called off
00:41:03the merger talks
00:41:04and our backup plan
00:41:05that's also
00:41:07that useless trash
00:41:09lynn
00:41:10couldn't even hold on
00:41:11to something he stole
00:41:15claire
00:41:15how far are you
00:41:16going to push this
00:41:17evan
00:41:18you spent five years
00:41:19studying me
00:41:20lynn copied
00:41:21for three months
00:41:22he was cheaper than me
00:41:23also more fragile
00:41:24you picked the wrong knife
00:41:31she doesn't just want
00:41:32my company
00:41:35she wants my name
00:41:37erased from wall street
00:41:48what is this
00:41:57evan my car just got rejected
00:42:00what did you do
00:42:01sarah i'm busy
00:42:03busy
00:42:04i'm trying to buy something
00:42:06and the payment failed
00:42:08do you know how humiliating that is
00:42:11the company is dying
00:42:12and you're shopping
00:42:13what does your company have to do with me
00:42:15what does your company have to do with me
00:42:15you promised me the best life
00:42:18i need to stop the bleeding
00:42:19every non-essential expense
00:42:21frozen
00:42:21non-essential
00:42:22you froze my card
00:42:25every authorized card
00:42:26done
00:42:29authorized cards
00:42:31evan you hung up on me
00:42:34you're broke
00:42:38douglas completed the debt transfer
00:42:40as expected
00:42:42sterling's cash flow
00:42:44six weeks max
00:42:45then
00:42:46when do you close the net
00:42:48wait
00:42:51a man cornered will grab anything in reach
00:42:54i want him to wait
00:42:55until he shows the biggest crack
00:42:58do you hate him
00:43:01hate
00:43:01a waste of time
00:43:03i'm only taking back
00:43:05what was mine
00:43:08then
00:43:09to the future master of sterling green
00:43:20welcome to the panel
00:43:21we have heavyweight guests today
00:43:23mr royce
00:43:24mr davis
00:43:25mr kim
00:43:26and the most talked about name on the street
00:43:28miss claire hayes
00:43:30on risk management
00:43:32in my view
00:43:33some people's success
00:43:34is built on aggressive leverage
00:43:36and luck
00:43:37doesn't hold up under scrutiny
00:43:38royce
00:43:39who exactly are you describing
00:43:41it wouldn't happen to be
00:43:42the phantom analyst
00:43:44miss hayes
00:43:45nothing personal
00:43:46but your past plays
00:43:48novitech for example
00:43:50were essentially a bet
00:43:51on a tail end probability event
00:43:53statistically
00:43:54that's called survivorship bias
00:43:57and your oceanic freight trade
00:43:59technically that stock
00:44:00was already deeply oversold
00:44:02your entry timing
00:44:04let's be honest
00:44:05looks like a stroke of genius
00:44:08rationalized after the fact
00:44:09miss hayes
00:44:10would you like to respond
00:44:14the market will speak for itself
00:44:18see nothing to say
00:44:19some people coast on luck once
00:44:22and dine out on it forever
00:44:23truthfully
00:44:24i studied her early hayes capital trade history
00:44:27risk management
00:44:28was crude
00:44:29in our asian regulatory environment
00:44:31most of those positions
00:44:33wouldn't pass compliance
00:44:34looks like she really has lost her edge
00:44:39obsidian is just williams backing
00:44:40she's a figurehead
00:44:42thank you all for the colorful insights
00:44:44let's move to the next topic
00:44:50hit by supply chain failure
00:44:52and credit crisis
00:44:53sterling group announced today
00:44:55large-scale layoffs
00:44:56the stock plunged to a historic low
00:44:59it's done
00:44:59evan is finished
00:45:00for good
00:45:01cash flow dried up
00:45:02clients fleeing
00:45:04layoff panic
00:45:05he can't hold on for many more days
00:45:07no
00:45:07this is just the beginning
00:45:10beginning?
00:45:11claire
00:45:12he's out of options
00:45:16you don't know evan
00:45:17he doesn't care about money
00:45:19he cares about the sterling name
00:45:21you mean
00:45:22he'd sell the company to the devil
00:45:24before letting it die in his hands
00:45:26he'll find a merger partner
00:45:27even if it's just to keep an empty shell standing
00:45:30a merger?
00:45:31then everything we did before
00:45:33was it for nothing?
00:45:34which is why
00:45:34we don't give him that chance
00:45:37before he finds a buyer
00:45:38we
00:45:40become the buyer
00:45:41that the buyer?
00:45:43you mean
00:45:45acquire sterling?
00:45:46that's insane
00:45:47we're short sailors
00:45:48not M&A
00:45:48that requires astronomical capital
00:45:50which is why
00:45:51I need to see Mr. Right
00:45:59three months ago
00:46:00sterling group market cap
00:46:0112 billion
00:46:03core assets
00:46:04Kennington Pharma Equity
00:46:05Manhattan Real Estate
00:46:06patent portfolio
00:46:07book value 8 billion
00:46:09but the market priced it at 12B
00:46:11because Evan packaged the group
00:46:13as a high growth tech conglomerate
00:46:15I shorted the supply chain
00:46:17not to destroy the company
00:46:19I did it to strip out the bubble
00:46:21let the market see real value
00:46:23over the past two months
00:46:24through three offshore SPUs
00:46:27you quietly accumulated 18%
00:46:29of sterling's float
00:46:30on the secondary market
00:46:31but Evan and his father's trust
00:46:33hold 42%
00:46:34plus a few small shareholders
00:46:36over 51
00:46:36a frontal acquisition
00:46:38we lose
00:46:39so I don't buy the equity
00:46:41I buy the debt
00:46:42when sterling's bonds
00:46:43crash to 30 cents
00:46:44on the dollar
00:46:45we use offshore funds
00:46:46to scoop them up
00:46:47the debt agreements
00:46:48have a cross default clause
00:46:49once sterling's rating
00:46:51gets cut
00:46:51bondholders can demand
00:46:53early redemption
00:46:53or conversion
00:46:54debt to equity conversion?
00:46:56yes
00:46:56the convertible set the strike
00:46:58at $45 per share
00:47:00stock's already at $38
00:47:02once cross default triggers
00:47:04we force conversion at market
00:47:0540% cheaper than buying equity outright
00:47:08I thought you wanted him bankrupt
00:47:11can't wait that long
00:47:13he'll find someone to merge with
00:47:15I won't let my prey
00:47:17die in someone else's teeth
00:47:23so you're swallowing
00:47:24the entire sterling group?
00:47:26the debt is enough
00:47:26debt is cheaper than equity
00:47:28and comes with conversion rights
00:47:31when I hold 51% of the convertibles
00:47:34I can force conversion
00:47:36dilute Evan's equity
00:47:37into nothing
00:47:39your appetite
00:47:40bigger than I thought
00:47:42I need money
00:47:44how much?
00:47:47all of it
00:47:49every dollar
00:47:50in the offshore trust
00:47:59Claire, you understand
00:48:00what this means
00:48:02I do
00:48:03it's a high stakes bet
00:48:05you're putting up
00:48:05everything you have
00:48:07I'm putting up
00:48:08the entirety of Obsidian Capital
00:48:10if we lose
00:48:10we both vanish
00:48:12from Wall Street
00:48:13I won't fail
00:48:21Daniel
00:48:23activate full Series B funding
00:48:24got it
00:48:30sir
00:48:31we contacted
00:48:32seven companies
00:48:33open to a merger
00:48:35result
00:48:36five turned us down
00:48:38outright
00:48:39they said sterling's
00:48:40debt risk is too high
00:48:41and the other two
00:48:43they want to see
00:48:45our true books
00:48:45show them
00:48:46let them see
00:48:47but sir
00:48:48once our real leverage
00:48:49ratio goes public
00:48:50they'll bolt instantly
00:48:51I told you to show them
00:48:52now
00:48:53move
00:48:57Evan
00:48:58I'm busy
00:48:59my Vogue cover
00:49:00got cancelled
00:49:01they said sterling's image
00:49:03is no longer fit
00:49:04to appear in their magazine
00:49:05a cover?
00:49:07I gave up the Milan deal
00:49:08for you
00:49:09I bet everything on you
00:49:10and now you tell me
00:49:11I have nothing?
00:49:12the company is collapsing
00:49:13and you're crying
00:49:14about a glossy magazine?
00:49:15what does your company
00:49:16have to do with me?
00:49:16you promised me a life
00:49:17my money
00:49:18out
00:49:20you're telling me
00:49:21to leave?
00:49:21Evan you son of a bitch
00:49:46I know things
00:49:47Evan sterling is killing himself
00:49:49to keep buried
00:50:03who are you?
00:50:04how do you know all this?
00:50:22Evan
00:50:23you cut my card off
00:50:25first
00:50:31Evan and his father's
00:50:32trust fund
00:50:33together
00:50:33they hold 42%
00:50:34he has absolute control
00:50:36plus the small
00:50:37Serpanders he pulled in
00:50:38they already crossed 51%
00:50:39even if we mop up
00:50:40every share on the market
00:50:41we can't control
00:50:42wait
00:50:43Claire
00:50:43what about the 18%
00:50:45Mr. Wright accumulated
00:50:45through the SPEs?
00:50:46already counted
00:50:4742% plus small car holders
00:50:49they control 53%
00:50:50we hold 37%
00:50:5210% of the float
00:50:53sits with retail
00:50:54and hedge funds
00:50:55so we still need
00:50:56to buy the float?
00:50:57no
00:50:57we buy bonds
00:50:59sterling's credit rating
00:51:00gets cut
00:51:01bonds crash to junk price
00:51:02we scoop them up
00:51:03with offshore capital
00:51:03cross to vault clause
00:51:05in the debt agreement
00:51:05once triggered
00:51:06we force debt to equity
00:51:07at market rate
00:51:08half the cost of buying
00:51:09equity direct
00:51:10so you've been shorting
00:51:12the supply chain
00:51:13to force their credit
00:51:14rating down?
00:51:16only figured that out now
00:51:17but unless we can
00:51:18void his shares
00:51:19this whole acquisition
00:51:21is dumping money
00:51:22into a black hole
00:51:26Eleanor Steele
00:51:26Evan's mother?
00:51:28I pulled the records
00:51:29she divorced
00:51:30Evan's father years ago
00:51:31she hasn't touched
00:51:32a single group matter
00:51:33yes
00:51:33what a heartless father
00:51:35and a bad tree
00:51:36bears bad fruit
00:51:39Evan's father cheated
00:51:40and filed for divorce
00:51:41in the property dispute court
00:51:42Evan stood up
00:51:43beside his father
00:51:44and lied under oath
00:51:46perjury?
00:51:47against his own mother
00:51:48for money?
00:51:48Eleanor lost
00:51:49she was thrown out
00:51:50of the Sterling household
00:51:51she kept exactly one thing
00:51:52a Sterling family trust
00:51:53legally protected
00:51:55she can't sell it
00:51:56but she holds
00:51:57full voting rights
00:51:57on that 19th
00:51:58so her relationship
00:51:59with Evan
00:51:59did you have a good
00:52:00relationship with the son
00:52:01who personally sent you
00:52:02to hell?
00:52:03you want to win her over
00:52:04but would she trust us?
00:52:07I don't need her
00:52:07to trust us
00:52:08permanent walls
00:52:09in this world
00:52:10only permanent interests
00:52:11and permanent hatred
00:52:13get the car ready
00:52:14Connecticut
00:52:15and confirm Victor's status
00:52:17he sent his last document
00:52:19three days ago
00:52:20after that
00:52:21he went dark
00:52:22and Sarah?
00:52:24she received the USB
00:52:26but she bought a ticket
00:52:27to Milan
00:52:28flight tomorrow morning
00:52:30coward
00:52:30let her run
00:52:32the USB has enough
00:52:33to make Evan choke
00:52:35not enough to kill him
00:52:37not enough to kill?
00:52:38but
00:52:39Victor got the evidence
00:52:40three years ago
00:52:41why hold it until now?
00:52:42because he was waiting
00:52:43for timing
00:52:44Evan's empire is collapsing
00:52:45his allies are running
00:52:47his credibility
00:52:47zero
00:52:48the lethal evidence
00:52:49is in Eleanor's hands
00:52:51when Evan's father cheated
00:52:52she copied every document
00:52:53including the forged
00:52:54diagnosis letter
00:52:55personally signed by Evan
00:52:56that sent his mother
00:52:57to a psychiatric hospital
00:53:11Claire
00:53:13Forbes' newest cover face
00:53:17someone who couldn't
00:53:18keep her own company name
00:53:19what makes you think
00:53:20you can win?
00:53:22come in
00:53:27burn it to ash
00:53:28too kind for him
00:53:30I was married to his father
00:53:32for 30 years
00:53:34I helped him grow
00:53:35from a small-time trader
00:53:36into Sterling Group
00:53:37then
00:53:38he found a younger body
00:53:39he wanted a divorce
00:53:41and wanted me out
00:53:42with nothing
00:53:43I know
00:53:44you don't know
00:53:45you don't know
00:53:46that in court
00:53:47my son
00:53:48Evan
00:53:48stood up and testified
00:53:49that I was mentally unstable
00:53:51a spendidist
00:53:52he personally walked me
00:53:54out of the Sterling gate
00:53:55so he could get a bigger share
00:53:57of his father's estate
00:53:59he got what he wanted
00:54:02yes
00:54:03he did
00:54:07the day the divorce finalized
00:54:09he didn't even come to see me
00:54:10he just sent his assistant
00:54:11with a message
00:54:12wishing me good luck
00:54:13for the future
00:54:13the 19% in the Sterling family trust
00:54:16is the only thing
00:54:16he could never take from you
00:54:19the agreement
00:54:26let him learn
00:54:27what it feels like
00:54:28to be abandoned
00:54:29by your own blood
00:54:43sir
00:54:44bad
00:54:45bad news
00:54:45what now
00:54:47did the sky fall
00:54:48it fell
00:54:49the shares
00:54:50the 19%
00:54:52family trust
00:54:53shares
00:54:54have been transferred
00:54:55what did you say
00:54:56transferred
00:54:58who would dare
00:54:59obsidian capital
00:55:01the trustee
00:55:02the trustee
00:55:03who
00:55:06lady eleanor
00:55:07she signed
00:55:08the voting rights proxy
00:55:13no
00:55:14impossible
00:55:17she's my mother
00:55:18she wouldn't do this to me
00:55:3351%
00:55:35game over
00:55:37evan
00:55:41clare
00:55:42we did it
00:55:4351%
00:55:46sterling group is ours
00:55:50i want to see evan's face
00:55:52right now
00:55:52he must be losing his mind
00:55:54holding the stock
00:55:55isn't holding control
00:55:56what
00:55:57but
00:55:58we're the largest shareholder now
00:56:00he's still ceo
00:56:01the board is still his
00:56:03claire
00:56:04sterling just sent this over
00:56:05emergency board meeting notice
00:56:08emergency meeting
00:56:09looks like he still won't admit defeat
00:56:11what's their plan
00:56:12a last stand
00:56:13perfect
00:56:14daniel
00:56:15prepare a motion to remove the ceo
00:56:18now
00:56:18yes
00:56:19now
00:56:23i want him to taste
00:56:25what it feels like
00:56:27to be
00:56:29thrown out of the empire
00:56:31he built with his own hands
00:56:45you
00:56:45what do you want from me
00:56:50the original evan
00:56:52what is this you're messing with me
00:56:53the original evidence
00:56:54of evan's falsified accounts from three years ago
00:57:00who sent you
00:57:01why give me this
00:57:02a friend
00:57:03she said
00:57:04you might need a way out
00:57:08wait
00:57:09the sterling ship is sinking
00:57:11you can grab a lifeboat
00:57:13or drown with the captain
00:57:15your choice
00:57:16miss black
00:57:31what are you doing here
00:57:32this is sterling's board
00:57:33security
00:57:34evan
00:57:35evan i'm the largest shareholder
00:57:37why can't i be here
00:57:4451 percent
00:57:46impossible
00:57:46a forged document
00:57:47you think you can scare us
00:57:48claire you're naive
00:57:49forged or not
00:57:50the sec filing will tell you
00:57:52right now i'm here for the board meeting
00:57:54as largest shareholder
00:57:55i move to remove mr sterling as ceo
00:57:58remove me
00:58:00claire have you lost your mind
00:58:02i built this company
00:58:03right
00:58:03without evan
00:58:04there is no sterling group
00:58:06i oppose
00:58:07on behalf of obsidian capital
00:58:08holding 51 percent of sterling equity
00:58:10i vote in favor of removal
00:58:12now
00:58:12your turn to vote
00:58:14stay on a sinking ship
00:58:15or take the lifeboat that gets you to shore
00:58:17evan
00:58:18the quarterly losses are already
00:58:19obsidian's firepower is no secret
00:58:21i
00:58:22vote yes
00:58:23you
00:58:25every one of you
00:58:27backstabbing traitors
00:58:29three votes in favor
00:58:31one against
00:58:32motion passes
00:58:35mr sterling
00:58:36you're fired
00:58:37you wouldn't dare
00:58:38i do dare
00:58:40and now
00:58:41get out of my conference room
00:58:49all right
00:58:49the obstacle's gone
00:58:51meeting continues
00:59:01mr sterling
00:59:02is it true
00:59:03your own ex-fiance
00:59:04they removed you from your own company
00:59:06are you no longer sterling group ceo
00:59:08will sterling group file for bankruptcy
00:59:13get away from me
00:59:14get away from me
00:59:16all of you
00:59:17back off
00:59:29next step
00:59:30liquidate every bad asset
00:59:32leave nothing
00:59:34i said i wanted his company
00:59:36i never said i wanted a wreck
00:59:44wall street witnesses history
00:59:46yesterday's cast off rife
00:59:48claire hayes
00:59:49officially takes the helm
00:59:50of sterling group
00:59:51as partner of obsidian capital
00:59:57get out
00:59:59get out
01:00:00all of it
01:00:00get out
01:00:06leaving
01:00:07not so fast
01:00:09your authorized cards
01:00:11i cancelled all of them
01:00:14apartment access
01:00:16revaked
01:00:17your things
01:00:19i had someone organize them
01:00:21including that usb stick
01:00:22in your makeup case
01:00:31how dare you
01:00:32that was mine
01:00:33yours
01:00:33sarah nothing in this apartment
01:00:36is rules
01:00:38victor
01:00:42miss black
01:00:44this way please
01:00:52makeup case
01:00:54the bottom
01:01:02victor
01:01:03you old fox
01:01:20victor
01:01:29craig
01:01:30get me security
01:01:31someone stole from me
01:01:50victor
01:01:51remez
01:01:51you're suspected of theft of employer trade secrets
01:01:54and conversion of private property
01:01:55please step out and cooperate
01:02:01finally
01:02:06miss hayes
01:02:07the rest
01:02:08is on you
01:02:18claire
01:02:19clare
01:02:19shipping index just collapsed
01:02:21our shorts
01:02:25not just that
01:02:26commodity css sprays
01:02:29blew out 300 basis points overnight
01:02:32every cs contract we set up
01:02:34deep green across the board
01:02:39claire
01:02:39look at this
01:02:44they bet the wrong way
01:02:46i called the shipping index
01:02:48structural collapse
01:02:49three months ago
01:02:51but
01:02:51those guys at the panel
01:02:53they mocked you
01:02:53called it luck
01:02:55luck
01:02:55i'm betting on human nature
01:02:57the moment everyone thinks
01:02:59shipping can't keep falling
01:03:00that's when it falls
01:03:01all the way until
01:03:03they're blown out
01:03:06yes
01:03:06okay
01:03:07claire
01:03:10it's royce
01:03:11he wants to take you to dinner
01:03:12no time
01:03:13he says
01:03:14he wants to discuss
01:03:15the possibility of collaboration
01:03:18tell him
01:03:18i don't partner with people
01:03:20who don't understand risk management
01:03:29claire
01:03:29speak
01:03:30sarah just called
01:03:32oh
01:03:32she says
01:03:34she's got something you might want
01:03:37what does she want
01:03:38a meeting
01:03:40she says she has every original document
01:03:42of evans fault fight accounts
01:03:43from three years ago
01:03:45victor
01:03:46good work
01:03:47and her timing
01:03:49you're back
01:03:51want me to refuse
01:03:53no
01:03:54tell her
01:03:55tomorrow morning
01:03:5610 a.m. here
01:03:57and
01:03:58daniel
01:03:59yes
01:04:00prepare the strictest mda on file
01:04:03and a wire transfer authorization
01:04:05at maximum limit
01:04:06time to lock evans fate
01:04:08for good
01:04:1917 minutes late
01:04:21security stopped you downstairs
01:04:23evan
01:04:24he killed my cards
01:04:25killed my access
01:04:27he found the usb
01:04:28so you didn't come here to sell evidence
01:04:31you came begging
01:04:33the usb
01:04:34here
01:04:36but
01:04:36this isn't the one victor gave me
01:04:38evan took that one
01:04:40this is
01:04:41victor slipped me this one
01:04:42a backup
01:04:48victor
01:04:49meticulous as ever
01:04:50the moment he handed me 20 dollars
01:04:52in a contact
01:04:53i knew
01:04:55he'd be the best move on the board
01:04:56you
01:04:57you knew back then
01:04:59back then i just wanted a back door
01:05:00didn't expect
01:05:01the door would become a bridge
01:05:03and the bridge would lead
01:05:04straight into your makeup case
01:05:06500,000
01:05:07sign the nda
01:05:08leave new york
01:05:09never come back
01:05:10500 grand
01:05:12what's on this usb
01:05:13sends him to prison for 10 years
01:05:14the usb doesn't send him to prison
01:05:16the witness on the stand does
01:05:19victor is in new jersey custody
01:05:21evan filed theft charges
01:05:23bail
01:05:24half a million
01:05:25his testimony
01:05:26we secured via attorney deposition
01:05:28two weeks ago
01:05:30your nda
01:05:31covers trade information only
01:05:32not obligation to testify in judicial proceedings
01:05:35if the prosecutors find you
01:05:36you can
01:05:37and must say everything in court
01:05:38but that part
01:05:39is free
01:05:40right now half a million buys your silence
01:05:42buys your departure
01:05:43buys you out of my sight
01:05:44until the court calls you
01:05:47you
01:05:48you had this all planned
01:05:49made me grab the usb
01:05:51made evan find out
01:05:52made him throw me out
01:05:54so i'd have nowhere to go
01:05:55but here
01:05:56you open the safe yourself sarah
01:05:58i just knew you would
01:05:59take her
01:06:00airport
01:06:01watch her board
01:06:13victor
01:06:14thank you old friend
01:06:17claire she's gone
01:06:18gate confirmed
01:06:19milan flight
01:06:20send everything on the usb
01:06:22to the da's office
01:06:23anonymous
01:06:24no
01:06:24use the obsidian capital legal email
01:06:27i want evan to know
01:06:29exactly
01:06:29who buried him
01:06:31understood
01:06:32and
01:06:32leak the core evidence
01:06:34anonymously
01:06:35to the wall street journal
01:06:37i want the whole world to see
01:06:39sterling's shining tower
01:06:41has been rotten at the foundation all along
01:06:43evan's end
01:06:44has arrived
01:06:48mrs hayes
01:06:49before you submit evidence
01:06:52we need to confirm a few things
01:06:55your relationship with evan sterling
01:06:58former fiance
01:06:59relationship terminated
01:07:01no formal property division
01:07:10request emergency
01:07:12tro target
01:07:12evan sterling
01:07:14basis
01:07:14third party investigation
01:07:15and whistleblower statement
01:07:18ttr filed with federal court in two hours
01:07:21accounts frozen
01:07:22appearing in 72 hours
01:07:24freeze persists through formal indictment
01:07:26total 90 to 180 days
01:07:28i'm not expecting an instant result
01:07:31i'm waiting
01:07:33i'm requesting confidentiality on my whistleblower identity
01:07:36a named complaint will appear in court records
01:07:39but we can file a protectant order
01:07:41limit media access to evidence
01:07:43seal the testimony details
01:07:46enough
01:07:48mrs hayes
01:07:49the defense will attack you on the ex-fiancee angle
01:07:52and your short positions
01:07:54they'll frame it as commercial retaliation
01:07:56let them
01:07:57motive doesn't cancel out fact
01:07:59fact is the only currency that matters in court
01:08:07out
01:08:13mr evan sterling
01:08:14u.s marshals
01:08:15court documents
01:08:20tr
01:08:21what does that mean
01:08:23federal court emergency asset restraining order
01:08:25effective 10 p.m. tonight
01:08:26all your accounts and real estate transactions
01:08:28frozen
01:08:29hearing in 72 hours
01:08:30sub sub subpoena
01:08:34clear
01:08:34it's hard
01:08:39evan
01:08:39sec filed the trr
01:08:4172 hour hearing
01:08:42mandatory attendance
01:08:43if probable cause is found
01:08:44freeze extends 90 days
01:08:4790 days
01:08:48she wants to bleed me dry
01:08:56your honor
01:08:57based on an independent third party investigation
01:09:00commissioned by obsidian capital
01:09:01sterling group has engaged in systematic financial fraud
01:09:04including offshore trust fund transfers
01:09:06we request continued asset freeze through grand jury proceedings
01:09:09objection
01:09:10the investigation report was commissioned by obsidian capital
01:09:14whose managing partner claire hayes is the defendant's ex-fiance
01:09:18conflict of interest
01:09:20we move to exclude this evidence and lift the freeze
01:09:23on the conflict of interest
01:09:25counselor
01:09:27the investigation was performed by an independent third party
01:09:30obsidian capital provided funding only
01:09:32the methodology and source data
01:09:34entirely public record
01:09:35fully compatible with federal rules of evidence
01:09:38whistleblower
01:09:39the whistleblower's identity is unrelimated to the evidence's reliability
01:09:42the defense may cross-examine the whistleblower's motive
01:09:46but cannot exclude an independent investigation
01:09:49mr sterling
01:09:49do you acknowledge that during the relationship
01:09:52you had your then-fiancee sign offshore account disclosure forms
01:09:55evan
01:09:56answer
01:09:56yes
01:09:57but she didn't know
01:10:00trr converts to preliminary injunction
01:10:02asset freeze continues through grand jury proceedings or formal indictment
01:10:06hearing transcripts sealed
01:10:08no media access
01:10:14claire
01:10:15are you happy now
01:10:36sierra blake
01:10:38sierra blake
01:10:45you are suspected of participation in evan sterling securities fraud
01:10:49signing fraudulent documents and assisting fund transfers
01:10:52if you plead guilty
01:10:53you face three to five years
01:10:56i just signed
01:10:57i didn't know they were fake
01:10:58unless you agree to become a cooperating witness against evan sterling
01:11:01unless your testimony requires third-party corroboration
01:11:04claire
01:11:06you knew this all along
01:11:07miss claire hayes's submitted evidence shows you signed several of these documents
01:11:10but she also provided a memo
01:11:11pointing out that your signatures and evan's forgeries of your signature show distinct differences
01:11:15suggesting that you were possibly used without your knowledge
01:11:17she's protecting me
01:11:19she's protecting the integrity of the chain of evidence
01:11:22a coerced witness
01:11:23is more valuable than an accomplice
01:11:27what am i supposed to say on tv the truth
01:11:31how evan used you
01:11:32how he had you sign documents
01:11:34and
01:11:35how you were forced
01:11:37to sell evidence
01:11:38to miss
01:11:38miss claire hayes
01:11:40in exchange for the chance to leave new york
01:11:44forced
01:11:45yes
01:11:46i was forced
01:11:54mr sterling
01:11:55what's your response to the false fight accounts allegations
01:11:57is it true your assets are all frozen
01:11:59no comment
01:12:00step aside
01:12:01no interview
01:12:02mr sterling
01:12:03take a look at this
01:12:04i'm just a model
01:12:05i don't understand finance
01:12:07he used my love for him
01:12:08to make me sign a lot of documents
01:12:10i was completely in the dark
01:12:11i'm a victim too
01:12:12miss black has publicly accused you
01:12:14and turned cooperating witness
01:12:15what's your response
01:12:16no
01:12:18impossible
01:12:18that bitch
01:12:27i want to sue her
01:12:29defamation
01:12:30evan
01:12:30it's pointless
01:12:31what do you mean pointless
01:12:34she betrayed me
01:12:37every account we have
01:12:38including all your offshore trusts
01:12:40frozen
01:12:42how could everything
01:12:43sarah
01:12:44she handed every ledger over
01:12:46top to bottom
01:12:47she's the prosecution's star witness now
01:12:49we have no chance
01:12:52no chance
01:13:03he's done
01:13:05not enough
01:13:06oh
01:13:11i want him with nothing left to watch me climb onto the throne that used to be his
01:13:24claire
01:13:27speak
01:13:29victor
01:13:31he's out on bail
01:13:34bail amount
01:13:35anonymous pair covered the full half million new jersey custody released him at 9 a.m.
01:13:39lawyer just confirmed he's on his way
01:13:41it wasn't me
01:13:42not you
01:13:43an anonymous donor
01:13:44but we've traced the funds that came from eleanor sterling's trust
01:13:47that old lady
01:13:48has fangs sharper than mine
01:13:56miss hayes
01:14:00victor
01:14:01you've lost weight
01:14:07mrs hayes
01:14:08twenty dollars
01:14:10i'm paying you back
01:14:11but not in dollars
01:14:13i still owe you
01:14:14tonight's show
01:14:15that's interest
01:14:17the principal
01:14:18you become phoenix capital's special advisor
01:14:24mrs hayes
01:14:26i'm only a butler
01:14:28you're the most loyal man i've ever met
01:14:30that's enough
01:14:32mr reyes
01:14:33your offer letter
01:14:34annual salary
01:14:36blank
01:14:37fill it in yourself
01:14:43can i
01:14:44write twenty dollars
01:14:47no
01:14:47inflation
01:14:49minimum two hundred grand
01:14:56as you wish mrs hayes
01:15:06phoenix capital
01:15:07phoenix rising
01:15:09nice name
01:15:11no
01:15:12the dust just settled
01:15:20he'll come find you
01:15:23i know
01:15:29claire
01:15:30first week numbers are in
01:15:34profit beat by 15 percent
01:15:36market responses is incredible
01:15:38too slow
01:15:39what
01:15:40i want kendington pharma's debt restructuring plan
01:15:42on my desk before market open tomorrow
01:15:44but no buts
01:15:49claire
01:15:49speak
01:15:51mr evan sterling is here
01:15:53no appointment
01:15:54he's at reception
01:15:58finally
01:16:00send him up
01:16:05yes
01:16:14claire
01:16:15claire
01:16:20i lost
01:16:21i lost everything
01:16:26the company
01:16:28gone
01:16:28the money
01:16:29gone
01:16:29everyone walked away
01:16:31so you came here to beg
01:16:33please
01:16:33Tell the prosecutor I was framed
01:16:35Those forged accounts, the CFO did it
01:16:37I didn't know
01:16:38Evan, you know what's funniest of all?
01:16:42You're still lying
01:16:43Even now
01:16:45Your signature page
01:16:47Swiss Offshore Trust, March 15, 2019
01:16:50You signed it yourself
01:16:51The forged psychiatric diagnation
01:16:53That committed your mother
01:16:54Your father's name, but your handwriting
01:16:56Victor's testimony
01:16:59Ten years serving you
01:17:01He knows what you did in that study every night
01:17:07Claire
01:17:09For the sake of what we were
01:17:11What we were?
01:17:13Evan, I'm not here to negotiate
01:17:16I'm here to inform
01:17:17The DA files formal charges tomorrow
01:17:19Securities fraud
01:17:21Money laundering
01:17:22Forging medical documents
01:17:23Embezzlement
01:17:24Estimated sentence
01:17:2584 months
01:17:26Refuse to cooperate
01:17:2884 months becomes the price for keeping the lie
01:17:31What do you want?
01:17:32You want me to plead guilty?
01:17:34I want you
01:17:35In court
01:17:36To say
01:17:37Out loud
01:17:38Exactly how you threw me out
01:17:40That rainy night
01:17:41Three years ago
01:17:42How you froze my accounts
01:17:43How you got the entire street
01:17:44To blacklist me
01:17:45I want the entire world
01:17:46To hear
01:17:47That Evan Sterling
01:17:48Didn't lose to the market
01:17:49He lost his wife
01:17:51I stood outside that door
01:17:54For an entire night
01:17:57You told me to get out
01:17:59Said I would never set foot
01:18:00Through that door again
01:18:01Please
01:18:02For the love we had
01:18:04Spare me
01:18:05I'm begging you
01:18:07Daniel
01:18:11Show him out
01:18:14Mr. Sterling
01:18:16This way
01:18:31I belong to no one
01:18:32I am Claire Hayes
01:18:36She delivered the year's most precise call
01:18:40And authored a Wall Street legend
01:18:43Hedge fund manager of the year
01:18:45Goes to Claire Hayes
01:18:48Thank you
01:18:55A year ago
01:18:57I had nothing
01:18:58Someone told me
01:19:00I would never stand on this stage
01:19:03They can take your house
01:19:05They can take your money
01:19:07But they can't take what's in your head
01:19:09This award
01:19:11Doesn't belong only to me
01:19:12It belongs to every person
01:19:14Who was underestimated
01:19:15Discarded
01:19:16Stepped on
01:19:17And still chose to stand back up
01:19:19Because we have the right
01:19:21To redefine ourselves
01:19:35Congratulations
01:19:36Manager of the year
01:19:39Just a title
01:19:41I remember the first time I saw you
01:19:44Two thousand dollars
01:19:45Ten times leverage
01:19:46Short Novatec
01:19:50Everyone thought you were crazy
01:19:52But your eyes
01:19:53There was no madness in them
01:19:54Only absolute calm
01:19:56I knew right then
01:19:57You're a phoenix
01:19:58All you needed was a spark
01:19:59So you gave me that spark
01:20:01I just lit the fuse
01:20:02The one who burned all of Wall Street
01:20:04Into a firework show
01:20:05Was you
01:20:08I waited a long time Claire
01:20:10For you to finish your war
01:20:13Now
01:20:13The war is over
01:20:15Us
01:20:16And from this moment on
01:20:17We build the next one
01:20:20Together
01:20:33Wherebear the defendant
01:20:34Evan Stirring
01:20:35Has been found
01:20:36Guilty of multiple counts
01:20:38Including securities fraud
01:20:39And providing false financial reports
01:20:42With severe impact
01:20:44On market integrity
01:20:45This court
01:20:46Hereby enters its judgment
01:20:51The defendant
01:20:52Evan Stirring
01:20:53Is sentenced
01:20:54For 42 months
01:20:55Of imprisonment
01:20:56Effective immediately
01:21:08This isn't some
01:21:10Wall Street fairy tale
01:21:15It's just me
01:21:16Taking back
01:21:17What was always mine
01:21:20Claire
01:21:21First quarter dividends
01:21:22Are calculated
01:21:24Eleanor's share
01:21:24Ready?
01:21:25Ready
01:21:26Quarterly distribution
01:21:27On the 19%
01:21:28Pledged yield rights
01:21:29At 8% annual
01:21:30600,000 this quarter
01:21:31Her shares
01:21:32Still in trust?
01:21:34Yes
01:21:34Ownership and voting rights
01:21:35Still belong to Eleanor Sterling
01:21:36Phoenix only holds
01:21:37The pledge on the yield
01:21:38Until the debt restructuring
01:21:39Is complete
01:21:39Restructuring progress?
01:21:40Sterling's convertibles
01:21:41Fully retired vote
01:21:43Once complete
01:21:43The board pledge
01:21:44Releases automatically
01:21:45Eleanor regains
01:21:45Full shareholder rights
01:21:46Tell her this is the beginning
01:21:48Not the end
01:21:49Understood
01:21:50One more thing
01:21:52Evan's sentence
01:21:5342 months?
01:21:54He took the limited
01:21:55Cooperation option
01:21:56Pled guilty to securities
01:21:57Fraud and embezzlement
01:21:58Denied forging
01:21:58Medical prosecution
01:21:59Accepted
01:21:5942 months
01:22:00Plus a $200 million fine
01:22:03$200 million
01:22:04His offshore trust
01:22:05Is it enough to cover?
01:22:06Not enough
01:22:07The shortfall
01:22:08Phoenix Capital
01:22:09Covers as a strategic investor
01:22:10On condition that
01:22:12When he's released
01:22:13For five years
01:22:14He is barred from finance
01:22:15Cannot hold equity
01:22:16In any public company
01:22:17I don't want his money
01:22:19I want his life
01:22:20His financial life
01:22:28It's over
01:22:29No
01:22:29It's a new beginning
01:22:33Ascdocs
01:22:33For five years
01:22:33For five years
01:22:40It's over
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