- 8 hours ago
Bought Wall Street With My Enemy's Money
Category
🎥
Short filmTranscript
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.
00:02:46No, no, no, no, no, no, no.
00:03:09Evan.
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
00:03:42that look that holier than the look enough
00:03:49evan at the awards you set me up and now you're with her set you up claire you really think
00:03:57those
00:03:57documents were forged what did you say where do you think hayes capital seed money came from
00:04:03where do you think your startup capital actually came from i gave you five years in the spotlight
00:04:10claire five years of applause awards magazine covers now it's time to give it all back
00:04:18you've been lying from day one what did you expect you thought i actually loved you a woman whose
00:04:23entire mind is a bloomberg tailer so all of it was a setup yes now get out this is my
00:04:32home
00:04:34your home claire did you forget whose name is on the deed
00:04:40your name was never on this property not once not ever victor
00:04:50show miss hayes out from this moment on she is no longer welcome in this house
00:04:55miss hayes this way please
00:05:04miss hayes the rain is heavy this should cover and a cab
00:05:13victor thank you take care of yourself miss hayes
00:05:34hi come get me miss hayes i'm sorry mr sterling just gave the word every company cars off limits to
00:05:40you froze my accounts burned my contacts evan that's the best you've got
00:05:59wiped me out fine 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
00:06:12victor this 20 might be the last warm thing on wall street tonight
00:06:24mark how much do you know about what evan did miss hayes i i don't know anything
00:06:29michael 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 so you were threatened what's the
00:06:40difference the result is the same the difference is when you're threatened you still got to choose
00:06:43you didn't choose me but 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 human nature can't short it
00:07:26this is the financing structure from five years ago
00:07:31evan you forgot before i was anyone's ceo i was the wolf hunting in the data jungle
00:07:38you took my company my name everything i built but you can't take this the instinct in my bones
00:07:46mrs hayes you also want evan to pay don't you what do you want me to do nothing stay his
00:07:54butler
00:07:56when i need you i'll tell you
00:08:15new face you know the rules here i heard this place lets you trade high leverage futures with small
00:08:21capital two grand minimum you lose don't cry nobody here cares if you live or die give me a terminal
00:08:51shorting sterling groups novatek that's the hottest stock of the month lady you here to donate cash is she
00:08:58crazy novatek just popped five percent today every analyst on the street is bullish
00:09:08what
00:09:13i'm done margin call i'm wiped out close it out why won't it close
00:09:24cash me out how the hell did you know novatek would tank tonight
00:09:30their receivables three buyers 67 percent name scrubbed but you can trace them all shells the
00:09:37minute the annuals drop the institutions bolt because evan loves a shiny package crack it open
00:09:44the books are always rotten
00:09:49mr wright that woman you flagged she just turned two grand into forty thousand
00:09:54right in my pit stay on her don't blink
00:10:09who the hell is she banked another 80 grand last night don't ask marcus said don't mess with her
00:10:13mr wright two grand to 800k three nights flat she's sitting on roughly 800 000 what's her play
00:10:19surgical way too clean every entry like she's reading the cards before they hit the table stay
00:10:25on her i've got a feeling she's the one the one i've been hunting for three years
00:10:33sir novatek crashed it tripped the margin call on the whole supply chain
00:10:38how bad 30 million and counting if it keeps bleeding at the open tomorrow the banks reopen
00:10:43our supply chain credit review who's pulling the trigger no fingerprints the book is spotless
00:10:49whoever it is they time the trigger to the millisecond
00:10:56evan that was just the first cut we're only getting started
00:11:12babe look who it is claire
00:11:15i figured you'd have crawled back to whatever small town you came from by now evan check out
00:11:19the briefcase bet it's stuffed with resumes job hunting on wall street sweetie without your
00:11:25company you're a nobody what job is she gonna land hostess at a diner don't forget i made the calls
00:11:32not one firm in new york will touch you you done excuse me i said are you done because you're
00:11:41in
00:11:41my way evan sterling take a real good look at me and remember exactly how you're looking down at
00:11:47me right now because the next time we cross paths you won't dare talk to me like that
00:11:57you look lost claire wall street finally run out of doors to slam in your face
00:12:04sir novatex crash tripped the chain of margin calls from the top of by three sharp or they
00:12:08yanked the supply chain credit useless can't even handle the small stuff babe what was that about
00:12:13forget her i'm starving nothing just office noise don't ever cross my path again
00:12:28i'm not here for your crown i'm here for the ground under your feet
00:12:35miss hayes and you are my boss would like a word i don't know your boss but he knows you
00:12:43has since the second you shorted novatex he says he can give you the stage to take it all back
00:12:53lead the way
00:13:00speak she didn't come tonight but the floor is talking they're calling her the oracle three
00:13:04guys copied her plays today all blew up only she made money you hear about her that woman
00:13:10walked in three days ago with two grand where is she sitting on six figures now more than that
00:13:14my guy at another underground desk saw her last night shorted three tickers nailed every single one
00:13:19lucky run right and this tape who hasn't blown up an account
00:13:24luck she reverse engineered the cash flow on all three names like she was reading the deck before
00:13:30the cards hit capital under management conservative close to 900 grand i pulled her traits from last
00:13:36night every short was a sterling group supply chain entity she's not gambling she's building a trap
00:13:42you mean every trade she makes has a target her target isn't money it's the destruction of sterling
00:13:49group three years i've been searching three years and i just found her found what someone who can flip
00:13:58wall street upside down looks like the wolf is coming out of her cage
00:14:13nova tech how did you know about the related party transactions in advance
00:14:18i didn't i just read every public filing and found the leverage point they buried your analysis is
00:14:24sharper than my entire research teams but i don't back avengers i back winners you get one hour show me
00:14:31the next bomb at sterling if you can't you out i don't need an hour
00:14:40sterling's tier two suppliers their short-term debt is fully backed by sterling's credit guarantee
00:14:44but sterling's credit rating is being downgraded because of the nova tech short i triggered once
00:14:50the guarantee fails pan asia metals debt triggers cross default this isn't speculation it's a rhythmic
00:14:59i keep a team of overpaid idiots they took three weeks you and i was using my last dollar to
00:15:05survive
00:15:08survive
00:15:10hayes capital a three-year build that wasn't luck good i like your honesty and i respect your skill
00:15:22obsidian capital i provide the funds the team and the highest trading access on the street you
00:15:30only need to provide the strategy
00:15:35the terms
00:15:3750 50 on all profits draw down over 10 percent you out and all trading authority stays with me
00:15:44then you'd better pray my revenge happens to be very profitable my target
00:15:49is to dismantle sterling group with my own hands
00:15:53your revenge doesn't interest me but i'm happy to provide the stage and the tickets for a hell of a
00:15:58show
00:15:58as long as you keep delivering profit as long as you don't get in my way i only care about
00:16:02results
00:16:08welcome to obby and claire
00:16:13so partner what's your first move first i sever evan's favorite cash fry i want him to watch
00:16:21his empire wrought from the foundation up
00:16:26claire after novatec you've been seven for seven
00:16:30but this one shorting oceanic freight they have government contracts oceanic freight target
00:16:35confirmed build the short claire that's a death wish their financials are rock solid cash flow is
00:16:40healthy every analyst loves them yeah our model says shorting them is suicide
00:16:44your model missed something what detail we audited the contract three times look a fourth time
00:16:51appendix c section four the south america route renewal clause
00:17:01this is a hidden poison pill clause if it triggers their fleet capacity gets cut in half
00:17:09christ how did we miss this remember this the devil is always in the details now kill all doubts
00:17:17build the position
00:17:21miss hayes there's a visitor downstairs not now trading hours i see no one it's a financial
00:17:27times reporter he says he knows your previous identity previous identity
00:17:35my previous identity was the spouse of a sterling group employee
00:17:39i never signed an nda i have zero legal obligation to silence
00:17:46but how does he know he won't share just says it's a finance source who wishes to remain anonymous
00:17:58what the hell this this article ties us to the novatec case they're calling it malicious shorting
00:18:12make him wait two hours after close conference room
00:18:24claire this is over if the sec labels us inside information manipulation the entire fund is finished
00:18:31we have to close every position hold everything evan your counterpunch came faster than i thought
00:18:37but that's all you've got
00:18:44listen all of you
00:18:48remember who you are you're obsidian capital traders not gossip calamists or some sidewalk tabloid
00:19:02but claire evan sterling's counterstrike is coming we'll be the target of every desk on the street
00:19:08his counter
00:19:12i've been waiting for his counter
00:19:21sir over the past three weeks three of our core supply chain stocks have crashed nearly 30 billion in
00:19:28the market cap
00:19:30gone have you traced who's behind it we have it's obsidian capital
00:19:36obsidian william wright that old fox wants a piece of me no sir according to our intel
00:19:44the main hand on the trade
00:19:48it's miss hayes who claire craig are you joking right now sir these are all the trade records and
00:19:58model analysis surgical lethal every entry like she's reading the cards
00:20:08this this can't be this model is sharper than my top quads
00:20:18when the hell did they hook up
00:20:21tom black financial imes miss hayes thank you for your time your source who
00:20:27source protection you understand i do so i'll respond with the same professionalism no comment
00:20:34about my private life my past or anything unrelated to obsidian's investment strategy no comment and if i
00:20:41tell you my source handed me this four months ago you were the ceo of hayes capital three months
00:20:47later you're here the most talked about analyst on the street and this your registration record at
00:20:52the underground trading pit what do you want a fascinating story headline already written
00:20:56sterling's cast off bride the wall street phantom great headline but it's missing one critical element
00:21:02what accuracy you write stories i write numbers stories sell papers numbers print money
00:21:09i'll give you a better story but you wait two weeks wait for what for a number that turns your
00:21:17headline from gossip to history
00:21:26evan did you see the news that bitch she's in the wall street journal they're calling her some
00:21:31phantom analyst what the hell shut up legal get in here now
00:21:40claire you really think a backer makes you my equal i made you what you were i can erase you
00:21:46into
00:21:46nothing just watch this time i won't leave you a single way back up
00:22:00sir they're all here
00:22:06claire thinks hiding behind william makes her safe
00:22:09i'll teach her wall street isn't her decision to make get on the phone with the new york post and
00:22:14every finance blog you know the obsidian phantom dirty trades behind the short queen understood
00:22:21focus angle implies she's using her personal relationship with william to access inside
00:22:26information don't need proof just sources close to the matter the public eats that up
00:22:35draft in three days and uh reach out to sterling's three partner banks tell them
00:22:40if they keep clearing for obsidian sterling terminates every line of business with them
00:22:44sir that that pushes our funding cost up at least 200 basis points i'd burn a hundred
00:22:48million before letting her see another sunrise get it done
00:22:58mr right evan sterling evan long time
00:23:07a proposition drop claire name your price are you threatening me or buying me both we both know
00:23:13she's just a tool tools can be swapped evan your biggest problem isn't stupidity
00:23:20that you can't read people
00:23:27there's good protege
00:23:28aiden this is lynn vice president of athel capital sorry to intrude but i have a proposal
00:23:33here i think you'll be very interested lynn i hear things aren't going so well for you at athel
00:23:38i have indeed been looking for a more suitable platform lately the proposal i have offshore
00:23:43structuring debt transfer shell listing you'll definitely be interested offshore structuring this
00:23:48proposal did you come up with it yourself mr aiden this is entirely my original work all right
00:23:55you've convinced me i'll take the proposal once the merger goes through you can put your name on
00:23:59it however you like but one thing this proposal must be athel's original work understood understood
00:24:10let claire watch i'll build my empire with her own people
00:24:25miss hayes
00:24:29an sec subpoena they filed suspected market manipulation if they open a case every trade
00:24:37we have gets frozen the fund hits redemption risk
00:24:42hannah yes pull every compliance report trade log and email chain from our oceanic freight short all of
00:24:50it all of it yes have legal organize it voluntarily submit full cooperation voluntarily that's handing them
00:25:00the evidence someone wants to look i'll give them a clear view every step i've taken survives any audit
00:25:08he wants to beat me with the rules i'll use the rules to dismantle
00:25:18the sec investigation closes in two weeks my lawyers confirmed
00:25:26he's just wasting my time evan sterling won't let this go he'll burn every resource to erase you from
00:25:32the street i know which is why i'm done playing his children's game my new plan oh evan thinks if
00:25:42he
00:25:42protects the top tier suppliers he stabilizes but he forgot what holds up his empire isn't the big names
00:25:49it's the legions of squeezed fragile tier two suppliers tier two suppliers they're debt chains
00:25:54fragile as paper i bypass his front line
00:25:59and hit the most fragile debt links cut the cash flow of his entire supply chain
00:26:05i thought you only wanted to dismantle his empire claire you're more dangerous than i bet on
00:26:13sir the sec investigation just closed and that woman finally pays for her stupidity every eveptian
00:26:21capital trade fully companion the sec dismissed all of our complaints compliant impossible she must
00:26:30have pulled strings evan this isn't the moment to dig into that our supply chain is collapsing just now
00:26:36our third core supplier crashed their ceo called they're filing for bankruptcy protection shut up
00:26:43useless can't even handle one woman i tossed out sir this is the obsidian capital flow trace we pulled
00:26:55let's see who gave her the nerve
00:26:59find it trace this money to the source i'll send her and whoever's backing her straight to hell
00:27:06we can't funds come from a top secret offshore trust our people don't have access what did you say
00:27:12whoever this is the background is bottomless
00:27:22out everyone out
00:27:30they're making it up saying we used inside information
00:27:34and questioning the source of your funds more than that
00:27:40three banks just notified they're suspending clearing services
00:27:45reason risk reassessment
00:27:48the narrative is spreading social media is piling on a few partners are calling for an explanation
00:27:56evan's panicking
00:27:57claire this isn't about who's panicking if they cut our clearing we can't open positions tomorrow
00:28:03every position gets forced liquidated names of the three banks manhattan first bank atlantic trust
00:28:09and sterling commercial bank the last one is evan's affiliate expected tell mr wright i need him to
00:28:14activate the offshore clearing channel he's already on it he said show evan what real resources look like
00:28:20as for the article what is pr proposing they're suggesting a cease and desist letter or a
00:28:27a press conference to clarify no explanations are the weakest possible reply
00:28:34have pr do one thing take every publicly verifiable trade for my last three months build it into a visual
00:28:41report title numbers don't lie posted on obsidian site no response to gossip only performance slap them
00:28:48with facts the public love stories but wall street only respects numbers once our pnl curve goes public that
00:28:54article becomes scrap paper and email every partner attach our compliance report and performance data
00:28:59no explanation just show them who's making money and who's losing it got it
00:29:06sir we have a problem with the banks speak manhattan first and atlantic trust just called
00:29:11they reinstated clearing for obsidian and and what and they stated going forward they won't adjust
00:29:17risk assessments based on third party pressure between the lines someone is backing blame and the
00:29:24article any traction day two after publication obsidian posted claire's trade record on their site
00:29:31three-month annualized return 347 comment section is roasting us for spreading lies pr keep writing keep
00:29:40writing until she's buried sir the new york post just got back to us they're not pursuing further
00:29:44engagement was high but trust score hit an all-time low
00:29:50this woman i underestimated her claire after our performance report dropped site traffic broke
00:29:57every record a dozen funds reached out for partnership talks evan tried to kill me with media ended up
00:30:03running free ads for us now it's our turn
00:30:16evan you're standing there drinking look at this
00:30:21she's the new face of wall street and me didn't you say she had nothing left i told you shut
00:30:28up you're
00:30:28telling me to shut up what did you promise me it's all gone every endorsement gone get the hell away
00:30:34from me
00:30:46claire pan asia medals was that you no no who else could it be its consequence
00:30:53sterling's credit rating got downgraded pan asia's short-term debt was fully guaranteed by sterling's
00:30:58credit guarantee fails debt defaults the market panics into selling chain reaction i just saw the
00:31:03ending before they did you you knew this would happen all along i'm not betting on stock prices
00:31:08i'm betting on human nature evan's too arrogant he thinks he writes the rules
00:31:16yes miss hayes downstairs
00:31:22reporters yes wall street journal financial time all of them
00:31:33miss hayes are your serial shorts on sterling a personal revenge against your ex-fiance evan wall
00:31:39street calls you the phantom analyst do you admit to using inside information to manipulate the
00:31:43market rumor says you're backed by mystery capital is it true
00:31:50let the market answer
00:32:03a nice opportunity to see some old friends i'll need a gown already taken care of
00:32:13sterling group's market cap evaporated another 15 percent today the market wildly believes that obsidian
00:32:20capital's successive short mailing has breached the group's credit bottom line
00:32:26she probably won't come right
00:32:33darling tonight i'm the center of this room
00:32:37of course
00:32:44who is that
00:32:49gravitational pull must be another consortium chief
00:33:00the eternal star that necklace 30 million dollars how is she even wearing it wasn't she wiped out
00:33:13claire didn't expect to see you here
00:33:16move
00:33:18you
00:33:20well well look who crawled back off the curb did evan forget to take out the trash
00:33:27found yourself a new meal then already i'm evan's fiancee the future lady of sterling group
00:33:33oh that red dress versailles silk last fall's line if memory serves it's leftover inventory from
00:33:40from a sterling tefti subsidiary clearing out dead stock you're lying evan custom ordered this newest piece
00:33:45has sterling's balance sheet really gotten so bad that you need clearance stock to dress the showroom
00:33:51last year's leftover stock that's painful
00:33:56clare don't push it
00:34:15mr wright
00:34:22douglas meet claire my partner
00:34:26miss hayes
00:34:30the phantom analyst your name precedes you
00:34:34mr douglas i'm on the clock
00:34:38i want your kensington pharma senior loan trant
00:34:40mrs hayes you're joking kensington is sterling's biggest client
00:34:44their debt is burning isn't it sterling's credit is collapsing
00:34:49kensington's cash flow goes next that paper on your books turns into a bad debt
00:34:54fast
00:34:56that's market speculation
00:34:58i don't speculate
00:35:00i calculate
00:35:02i'm offering you a fair price
00:35:04to exit before the disaster
00:35:11of course of course of course miss hayes your offer is extremely attractive
00:35:17and
00:35:18monday morning my office will talk every detail
00:35:24claire wait
00:35:29what the hell do you want
00:35:31i don't understand the question
00:35:34money how much 50 million a hundred just say a number and stop i'll write the check
00:35:41money yeah that's what all this is about isn't it that's who you've always been
00:35:47evan you still see me that way an apology fine i'll apologize for everything i'll take out a full
00:35:52page ad in the wall street journal i don't want your money
00:35:58i want all of it everything you have
00:36:14evan losses piling up supply chain gone how is this company supposed to keep running
00:36:20kensington pharma's receivables our biggest clients their debt was acquired by a third
00:36:25party last night we can't even collect what they owe us shut up shut up we need emergency funding
00:36:36now or next week we can't even make payroll what are the banks saying
00:36:44i called three banks they speak they all rejected our loan applications
00:36:52it's over all of it their reason our credit rating is no longer sufficient for new lending
00:37:02i don't want your money i want all of it everything you have
00:37:09it's her all of this is her sir miss claire's car is parked right outside the building she says she's
00:37:18waiting for you
00:37:25evan where are you going
00:37:32claire have you lost your mind i'm completely sane
00:37:39you destroy all of this
00:37:43to get back at me wreck a thousand jobs their livelihood when you threw me out
00:37:50left me with nothing did you spare a second for my livelihood
00:37:56i i had to you did it for your love your new life you weren't like this before you were
00:38:04soft
00:38:05you were warm i've always been like this you evan you just never looked
00:38:23claire
00:38:26ladies and gentlemen today we launch what athel capital has spent a year building a cross-border mno model
00:38:33that integrates the most advanced offshore kirk structure and risk logic total deal size 12 billion
00:38:48mr lynn some industry experts say this looks similar to old haze capitis frameworks
00:38:53old frameworks some people's thinking is stuck in the past you can't coast on a name forever
00:39:00lynn used to work under claire whatever genius play claire pulled back then the street saw through it
00:39:05years ago lynn's the real talent a hazthone is wall street's daily breakfast
00:39:18lynn
00:39:18your redeemable preferred shares third layer bevi structure what's the trigger condition
00:39:25claire this is athel proprietary i can't discuss
00:39:29march 2024 irs tax ruling 2024 18 non-qualified offshore entities punitive tax rates apply your
00:39:37innovation three months ago was already classified as a tax mine and the bigger problem your cross-border
00:39:44capital path routes through credit sus zurich that bank was added to the ofas secondary sanctions list
00:39:50last year for transactions with sanctioned entities sign a 12 billion dollar deal with this structure
00:39:56day two accounts frozen 47 percent tax plus oaf penalties
00:40:03how do you know when you copied my framework you missed the last page the risk register i spent
00:40:10three months pulling it from case law and tax rulings it's not in textbooks my revised plan funding cost down
00:40:1722 percent zero tax risk zero sanctions risk mr philip athel's genius borrowed my old work and forgot the licensing
00:40:24fee
00:40:24now i'm offering the upgrade for free on one condition this deal obsidian takes it over in full
00:40:36philip i put two million in her it's four million on paper now
00:40:41how much did you put into lynn
00:40:45sell the signing
00:40:46sell the signing
00:40:55so it's fine
00:40:57just interest
00:41:02boss athel's called off the merger talks and our backup plan that's also
00:41:07that useless trash lynn couldn't even hold on to something he stole
00:41:15where how far are you going to push this evan you spent five years studying me lynn copied for
00:41:21three months three months he was cheaper than me also more fragile you picked the wrong knife
00:41:31she doesn't just want my company
00:41:35she wants my name erased from wall street
00:41:48what is this
00:41:57evan
00:41:58my car just got rejected what did you do
00:42:01sarah i'm busy busy i'm trying to buy something and the payment failed do you know how humiliating
00:42:10that is the company is dying and you're shopping what does your company have to do with me you promised
00:42:16me the best life i need to stop the bleeding every non-essential expense is frozen non-essential
00:42:23you froze my card every authorized card done
00:42:29authorized cards
00:42:32evan you hung up on me you're broke
00:42:38douglas completed the debt transfer
00:42:41as expected sterling's cash flow six weeks max then when do you close the net
00:42:50wait wait a man cornered will grab anything in reach i want him to wait until he shows the biggest
00:42:56crack
00:42:58do you hate him hate a waste of time i'm only taking back what was mine
00:43:08then to the future master of sterling
00:43:11welcome to the panel we have heavyweight guests today mr royce mr davis mr kim and the most talked
00:43:27about name on the street miss claire hayes on risk management in my view some people's success is built
00:43:34on aggressive leverage and luck doesn't hold up under scrutiny royce who exactly are you describing
00:43:41it wouldn't happen to be the phantom analyst
00:43:44miss hayes nothing personal but your past plays
00:43:48novatec for example were essentially a bet on a tail end probability event statistically
00:43:55that's called survivorship bias and your oceanic freight trade technically that stock was already deeply
00:44:01oversold your entry timing let's be honest looks like a stroke of genius rationalized after the fact
00:44:09miss hayes would you like to respond
00:44:14the market will speak for itself
00:44:18see nothing to say some people coast on luck once and dine out on it forever truthfully
00:44:24i studied her early hayes capital trade history risk management was crude in our asian regulatory
00:44:31environment most of those positions wouldn't pass compliance looks like she really has lost her edge
00:44:38obsidian is just williams backing she's a figurehead thank you all for the colorful insights
00:44:44let's move to the next topic
00:44:50hit by supply chain failure and credit crisis sterling group announced today large-scale layoffs the stock
00:44:57plunged to a historic low it's done evan is finished for good cash flow dried up clients fleeing layoff
00:45:05panic he can't hold on for many more days no this is just the beginning beginning claire he's out of
00:45:13options you don't know evan he doesn't care about money he cares about the sterling name you mean
00:45:22he'd sell the company to the devil before letting it die in his hands he'll find a merger partner
00:45:27even if it's just to keep an empty shell standing a merger then everything we did before was it for
00:45:33nothing which is why we don't give him that chance before he finds a buyer we become the buyer the
00:45:41buyer
00:45:43you mean acquire sterling that's insane we're short sailors not mna that requires astronomical capital
00:45:50which is why i need to see mr right
00:45:59three months ago sterling group market cap 12 billion
00:46:03core assets kennington pharma equity manhattan real estate patent portfolio book value 8 billion but the
00:46:09market priced it at 12b because evan packaged the group as a high growth tech conglomerate
00:46:15i shorted the supply chain not to destroy the company i did it to strip out the bubble let the
00:46:21market see real value over the past two months through three offshore spus you quietly accumulated
00:46:2818 percent of sterling's float on the secondary market but evan and his father's trust hold 42
00:46:34percent plus a few small shareholders over 51. a frontal acquisition we lose so i don't buy the
00:46:40equity i buy the debt when sterling's bonds crash to 30 cents on the dollar we use offshore funds to
00:46:47scoop them up the debt agreements have a cross default clause once sterling's rating gets cut bondholders
00:46:52can demand early redemption or conversion debt to equity conversion yes the convertible set the
00:46:58strike at 45 dollars per share stocks already at 38 dollars once cross default triggers we force
00:47:05conversion at market 40 percent cheaper than buying equity outright i thought you wanted him bankrupt
00:47:11can't wait that long he'll find someone to merge with i won't let my prey die in someone else's teeth
00:47:23so you're swallowing the entire sterling group the debt is enough debt is cheaper than equity
00:47:29and comes with conversion rights when i hold 51 of the convertibles i can force conversion
00:47:36dilute evan's equity into nothing your appetite bigger than i thought i need money how much
00:47:47all of it every dollar in the offshore trust
00:47:59claire you understand what this means
00:48:02i do it's a high stakes bet you're putting up everything you have i'm putting up the entirety of
00:48:09obsidian capital if we lose we both vanish from wall street i won't fail
00:48:22daniel activate full series b funding got it
00:48:30sir we contacted seven companies open to a merger result five turned us down outright
00:48:39they said sterling's debt risk is too high and the other two they want to see our true books show
00:48:46them let them see but sir once our real leverage ratio goes public they'll bolt instantly i told you to
00:48:52show them now move
00:48:57evan i'm busy my vogue cover got cancelled they said sterling's image is no longer fit to appear in
00:49:05their magazine a cover i gave up the milan deal for you i bet everything on you and now you
00:49:10tell me
00:49:11i have nothing the company is collapsing and you're crying about a glossy magazine what does your company
00:49:16have to do with me you promised me a life my money out you're telling me to leave evan you
00:49:22son of a
00:49:45i know things evan sterling is killing himself to keep buried
00:50:03who are you how do you know all this
00:50:23evan and his father's trust fund together they hold 42 percent
00:50:34he has absolute control plus the small sir panders he pulled in they already crossed 51
00:50:39even if we mop up every share on the market we can't control wait
00:50:43claire what about the 18 mr wright accumulated through the spes already counted 42 plus small
00:50:49car holders they control 53 we hold 37 10 of the float sits with retail and hedge funds so
00:50:55we still need to buy the float no we buy bonds sterling's credit rating gets cut bonds
00:51:01crashed to junk price we scooped them up with offshore capital crossed the vault clause in the
00:51:05debt agreement once triggered we forced debt to equity at market rate half the cost of buying equity
00:51:09direct so you've been shorting the supply chain to force their credit rating down only figured that
00:51:17out now but unless we can void his shares this whole acquisition is dumping money into a black hole
00:51:26eleanor stealing evan's mother i pulled the records she divorced evan's father years ago she hasn't
00:51:32touched a single group matters yes what a heartless father and a bad tree bears bad fruit
00:51:39evan's father cheated and filed for divorce in the property dispute court evan stood up beside
00:51:44his father and lied under oath perjury against his own mother for money eleanor lost she was thrown
00:51:50out of the sterling household she kept exactly one thing a sterling family trust legally protected she
00:51:55can't sell it but she holds full voting rights on that 19 so her relationship with evan did you have
00:52:00a good relationship with the son who personally sent you to hell you want to win her over but would
00:52:06she
00:52:06trust us i don't need her to trust us permanent walls in this world only permanent interests and permanent
00:52:12hatred get the car ready connecticut and confirm victor's status he sent his last document three
00:52:19days ago after that he went dark and sarah she received the usb but she bought a ticket to milan
00:52:28flight tomorrow morning let her run the usb has enough to make evan choke not enough to kill him
00:52:37not enough to kill but victor got the evidence three years ago why hold it until now because
00:52:43he was waiting for timing evan's empire is collapsing his allies are running his credibility zero the
00:52:49lethal evidence is in eleanor's hands when evan's father cheated she copied every document including
00:52:54the forged diagnosis letter personally signed by evan that sent his mother to a psychiatric hospital
00:53:13clare forbes newest cover face
00:53:17someone who couldn't keep her own company name what makes you think you can win come in
00:53:27burn it to ash too kind for him
00:53:30i was married to his father for 30 years i helped him grow from a small-time trader into sterling
00:53:37group then he found a younger body he wanted a divorce and wanted me out with nothing i know
00:53:44you don't know you don't know that in court my son evan stood up and testified that i was mentally
00:53:50unstable a spendidist he personally walked me out of the sterling gate so he could get a bigger
00:53:57share of his father's estate he got what he wanted yes he did
00:54:07the day the divorce finalized he didn't even come to see me he just sent his assistant with a message
00:54:12wishing me good luck for the future the 19 in the sterling family trust is the only thing he could
00:54:17never take from you the agreement
00:54:26let him learn what it feels like to be abandoned by your own blood
00:54:43sir bad bad news what now did the sky fall it fell the shares the 19 family trust
00:54:53shares have been transferred what did you say transferred who would dare obsidian capital
00:55:01the trustee the trustee the trustee lady eleanor she signed the voting rights proxy
00:55:14no impossible she's my mother she wouldn't do this to me
00:55:3351 percent game over evan
00:55:42claire we did it 51 percent sterling group is ours
00:55:50i want to see evan's face right now he must be losing his mind holding the stock isn't holding
00:55:56control what but we're the largest shareholder now he's still ceo the board is still his claire
00:56:04sterling just sent this over emergency board meeting notice
00:56:08emergency meeting looks like he still won't admit defeat what's their plan a last stand perfect
00:56:14daniel prepare a motion to remove the ceo now yes now
00:56:23i want him to taste what it feels like to be thrown out of the empire he built with his
00:56:32own hands
00:56:45you what do you want from me
00:56:50the original evan what is this you're messing with me the original evidence of evan's falsified
00:56:56accounts from three years ago
00:57:00who sent you why give me this a friend she said you might need a way out
00:57:09wait the sterling ship is sinking you can grab a lifeboat or drown with the captain your choice miss black
00:57:31what are you doing here this is sterling's board security evan i'm the largest shareholder why can't i be here
00:57:4451 percent impossible a forged document you think you can scare us claire you're naive forged or not
00:57:50the sec filing will tell you right now i'm here for the board meeting as largest shareholder i move to
00:57:55remove mr sterling as ceo remove me claire have you lost your mind i built this company right without evan
00:58:04there is no sterling group i oppose on behalf of obsidian capital holding 51 percent of sterling equity
00:58:10i vote in favor of removal now your turn to vote stay on a sinking ship or take the lifeboat
00:58:16that gets you to shore
00:58:17evan the quarterly losses are already obsidian's firepower is no secret i vote yes
00:58:23you every one of you backstabbing traitors
00:58:29three votes in favor one against motion passes
00:58:34mr sterling you're fired you wouldn't dare i do dare and now get out of my conference room
00:58:48all right the obstacle's gone meeting continues
00:59:01mr sterling is it true your own ex-fiancé removed you from your own company are you no longer sterling
00:59:07group ceo will sterling group file for bankruptcy
00:59:13get away from me get away from me
00:59:16all of you back off
00:59:29next step liquidate every bad asset
00:59:32leave nothing i said i wanted his company i never said i wanted a wreck
00:59:44wall street witnesses history yesterday's cast off rife claire hayes officially takes the helm of
00:59:50sterling group as partner of obsidian capital
00:59:57get out all of it get out
01:00:06leaving not so fast your authorized cards i canceled all of them
01:00:14apartment access revamped your things i had someone organize them including that usb stick in your makeup case
01:00:30how dare you that was mine yours sarah nothing in this apartment is yours victor
01:00:42miss black this way please
01:00:52make up case
01:00:54the bottom
01:01:02victor you old fox
01:01:20victor
01:01:29craig
01:01:30get me security
01:01:31someone stole from me
01:01:50victor
01:01:51victor remez
01:01:51you're suspected of theft of employer trade secrets and conversion of private property please step out and cooperate
01:02:01finally
01:02:06miss hayes
01:02:07the rest
01:02:08is on you
01:02:18clare
01:02:19shipping index just collapsed our 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
01:02:39clare
01:02:39look at this
01:02:44they bet the wrong way
01:02:46i called the shipping index structural collapse three months ago
01:02:51but
01:02:51those guys at the panel they mocked you
01:02:53called it luck
01:02:55luck
01:02:55i'm betting on human nature
01:02:58the moment everyone thinks shipping can't keep falling
01:03:00that's when it falls
01:03:02all the way
01:03:03all the way until they're blown out
01:03:06yes
01:03:07okay
01:03:08claire
01:03:10it's royce
01:03:11he wants to take you to dinner
01:03:13no time
01:03:13he says
01:03:14he wants to discuss the possibility of collaboration
01:03:18tell him
01:03:18tell him
01:03:19i don't partner with people who don't understand risk management
01:03:29claire
01:03:29speak
01:03:31sarah 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 of evans fault fight accounts from three years ago
01:03:45victor
01:03:46good work
01:03:48and her timing
01:03:49you're back
01:03:51want me to refuse
01:03:54no
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 at maximum limit
01:04:06time to lock evans fate
01:04:08for good
01:04:2017 minutes late
01:04:21security stopped you downstairs
01:04:23evan
01:04:24he killed my cards
01:04:26killed my access
01:04:27he found the usb
01:04:28so you didn't come here to sell evidence
01:04:32you came begging
01:04:33the usb
01:04:35here
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 and a contact
01:04:53i knew
01:04:55he'd be the best move on the board
01:04:56you 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 sends him to prison for 10 years
01:05:14the usb doesn't send him to prison
01:05:16the witness on the stand does
01:05:18victor is in new jersey custody
01:05:21evan filed theft charges
01:05:23bail
01:05:23half 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
01:05:41half 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 to 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 exactly who buried him
01:06:31understood
01:06:32and
01:06:32leak the core evidence
01:06:35anonymously
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 relationship terminated
01:07:01no formal property
01:07:02no formal property division
01:07:11request emergency TRO target evan sterling basis third party investigation and whistleblower statement
01:07:18ttr filed with federal court in two hours
01:07:21ttr filed with federal court in two hours
01:07:22accounts frozen
01:07:22hearing in 72 hours
01:07:24freeze persist through formal indictment
01:07:26total 90 to 180 days
01:07:29i'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 protect an order
01:07:41limit media access to evidence seal 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
01:08:06out
01:08:13mr evan sterling
01:08:14us marshals
01:08:15court documents
01:08:21tr what does that mean
01:08:23federal court emergency asset restraining order effective 10 p.m. tonight
01:08:26all your accounts and real estate transactions frozen
01:08:29hearing in 72 hours
01:08:30sub subpoena
01:08:34clear
01:08:35it's hard
01:08:39evan sec filed the trr 72 hour hearing mandatory 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
01:08:56based on an independent third party investigation commissioned 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
01:09:14who's managing partner claire hayes is the defendant's ex-fiancee
01:09:19conflict of interest
01:09:20we move to exclude this evidence and lift the freeze
01:09:23on the conflict of interest
01:09:26counselor
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
01:09:43the 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
01:09:55i have an answer
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
01:10:05or formal indictment
01:10:06hearing transcripts sealed
01:10:08no media access
01:10:09no media access
01:10:14Claire!
01:10:16Are you happy now?
01:10:18No!
01:10:20No!
01:10:21No!
01:10:25No!
01:10:31No!
01:10:31No!
01:10:34No!
01:10:34No!
01:10:36No!
01:10:37Sara Blake
01:10:38The US Attorney's Office
01:10:40needs you to assist with an investigation
01:10:41but you can't refuse
01:10:42the summons
01:10:42come along
01:10:43Ms. Sarah Black
01:10:45you are suspected of participation
01:10:47in Evan Sterling's securities fraud
01:10:49signing fraudulent documents
01:10:51and assisting fund transfers
01:10:52if you plead guilty
01:10:53you face 3-5 years
01:10:56I just signed
01:10:57I didn't know they were fake
01:10:58unless you agree to become
01:11:00a cooperating witness
01:11:01against Evan Sterling
01:11:01unless your testimony requires
01:11:03third party corroboration
01:11:04Claire, you knew this all along?
01:11:07Ms. Claire Hayes' submitted evidence shows you signed several of these documents.
01:11:10But she also provided a memo pointing 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.
01:11:18She's protecting me?
01:11:19She's protecting the integrity of the chain of evidence.
01:11:22A coerced witness is more valuable than an accomplice.
01:11:27What am I supposed to say on TV?
01:11:30The truth.
01:11:31How Evan used you, how he had you sign documents,
01:11:34and how you were forced to sell evidence to Ms. Claire Hayes in exchange for the chance to leave New
01:11:42York.
01:11:45Forced.
01:11:46Yes, I was forced.
01:11:54Mr. Sterling, what'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.
01:12:02No interview.
01:12:02Mr. Sterling, take a look at this.
01:12:05I'm just a model.
01:12:06I don't understand finance.
01:12:07He used my love for him to make me sign a lot of documents.
01:12:10I was completely in the dark.
01:12:11I'm a victim too.
01:12:12Ms. Black has publicly accused you and turned cooperating witness.
01:12:15What's your response?
01:12:16No!
01:12:18Impossible!
01:12:19That bitch!
01:12:27I want to sue her.
01:12:29Defamation!
01:12:30Evan, it's pointless.
01:12:32What do you mean pointless?
01:12:34She betrayed me!
01:12:37Every account we have, including all your offshore trusts, frozen.
01:12:42How could everything...
01:12:43Sarah, she handed every ledger over, top to bottom.
01:12:47She's the prosecution's star witness now.
01:12:50We have no chance.
01:12:54No chance.
01:13:04He's done.
01:13:05Not enough.
01:13:07No?
01:13:10One step left.
01:13:12What?
01:13:14I 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.
01:13:37New Jersey custody released him at 9 a.m.
01:13:39Lawyer just confirmed.
01:13:40He's on his way.
01:13:41It wasn't me.
01:13:43Not you.
01:13:43An anonymous donor.
01:13:44But we've traced the funds.
01:13:45They came from Eleanor Sterling's trust.
01:13:47That old lady has fangs sharper than mine.
01:13:56Miss Hayes.
01:14:00Victor.
01:14:02You've lost weight.
01:14:07Mrs. Hayes?
01:14:09$20.
01:14:10I'm paying you back.
01:14:12But not in dollars.
01:14:13I still owe you.
01:14:15Tonight's show, that'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.
01:14:35Annual salary.
01:14:36Blank.
01:14:37Fill it in yourself.
01:14:43Can I write $20?
01:14:47No.
01:14:48Inflation.
01:14:49Minimum $200,000.
01:14:56As you wish, Mrs. Hayes.
01:15:06Phoenix Capital.
01:15:08Phoenix Rising.
01:15:09Nice name.
01:15:11No.
01:15:12The dust just settled.
01:15:19He'll come find you.
01:15:23I know.
01:15:29Claire, first week numbers are in.
01:15:34Profit beat by 15%.
01:15:36Market responses is incredible.
01:15:39Too slow.
01:15:39What?
01:15:40I want Kentington Pharma's debt restructuring plan on my desk before market open tomorrow.
01:15:44But no buts.
01:15:49Claire.
01:15:50Speak.
01:15:51Mr. Evan Sterling is here.
01:15:53No appointment.
01:15:54He's at reception.
01:15:57Finally.
01:15:58Finally.
01:16:00Send him up.
01:16:04Yes.
01:16:14Claire.
01:16:14Claire.
01:16:20I lost.
01:16:22I lost everything.
01:16:37I lost everything.
01:16:45Your signature page.
01:16:47Swiss offshore trust.
01:16:48March 15, 2019.
01:16:50You signed it yourself.
01:16:51The forged psychiatric diagnation that 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.
01:17:12What we were?
01:17:13Evan.
01:17:14I'm not here to negotiate.
01:17:16I'm here to inform.
01:17:17The DA files formal charges tomorrow.
01:17:20Securities fraud.
01:17:21Money laundering.
01:17:22Forging medical documents.
01:17:23Embezzlement.
01:17:24Estimated sentence.
01:17:25Eighty-four months.
01:17:26Refused to cooperate.
01:17:28Eighty-four 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.
01:17:37To say.
01:17:38Out 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 to blacklist me.
01:17:45I want the entire world.
01:17:47To hear.
01:17:47That Evan Sterling didn't lose to the market.
01:17:50He 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 through that door again.
01:18:02Please.
01:18:03For 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.
01:18:30I belong to no one.
01:18:32I am Claire Hayes.
01:18:36She delivered the year's most precise call and authored a Wall Street legend.
01:18:43Hedge fund manager of the year goes to Claire Hayes.
01:18:56A year ago, I had nothing.
01:18:59Someone told me I 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.
01:19:10This award doesn't belong only to me.
01:19:12It belongs to every person who was underestimated, discarded, stepped on, and still chose to stand back up.
01:19:20Because we have the right to redefine ourselves.
01:19:35Congratulations, manager of the year.
01:19:39Just a title.
01:19:41I remember the first time I saw you.
01:19:44$2,000.
01:19:45Ten times leverage.
01:19:46Short Novatec.
01:19:50Everyone thought you were crazy.
01:19:52But your eyes, there was no madness in them.
01:19:55Only absolute calm.
01:19:56I knew right then, you're a phoenix.
01:19:58All you needed was a spark.
01:20:00So you gave me that spark.
01:20:01I just lit the fuse.
01:20:03The one who burned all of Wall Street into a firework show was you.
01:20:08I waited a long time, Claire.
01:20:10For you to finish your war.
01:20:13Now, the war is over.
01:20:15Us.
01:20:16And from this moment on, we build the next one.
01:20:20Together.
01:20:33Wherebear, the defendant, Evan Stirring, has been found guilty of multiple counts, including securities fraud and providing false financial reports.
01:20:42With severe impact on market integrity, this court hereby enters its judgment.
01:20:51The defendant, Evan Stirring, is sentenced to 42 months of imprisonment, effective immediately.
01:21:08This isn't some Wall Street fairy tale.
01:21:15It's just me, taking back what was always mine.
01:21:20Claire, first quarter dividends are calculated.
01:21:24Eleanor's share, ready?
01:21:25Ready.
01:21:26Quarterly distribution on the 19% pledged yield rights at 8% annual, $600,000 this quarter.
01:21:32Her shares?
01:21:33Still in trust?
01:21:34Yes.
01:21:34Ownership and voting rights still belong to Eleanor Stirring.
01:21:36Phoenix only holds the pledge on the yield until the debt restructuring is complete.
01:21:40Restructuring progress?
01:21:41Sterling's convertibles, fully retired vote.
01:21:43Once complete, the board pledge releases automatically.
01:21:45Eleanor regains full shareholder rights.
01:21:47Tell her this is the beginning, not 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 cooperation option, pled guilty to securities fraud and embezzlement,
01:21:58denied forging medical prosecution, accepted.
01:22:0042 months plus a $200 million fine.
01:22:03$200 million.
01:22:04His offshore trust, is it enough to cover?
01:22:06Not enough.
01:22:07The shortfall Phoenix Capital covers as a strategic investor.
01:22:11On condition that when he's released, for five years he is barred from finance.
01:22:15Cannot hold equity in any public company.
01:22:16I don't want his money.
01:22:19I want his life, his financial life.
01:22:28It's over.
01:22:29No.
01:22:30It's a new beginning.
Comments