What Is Going on at Citadel? Potential Insider Trading, Fraud, & Implosion
Channel: Radix Report
Date: 2023-01-12

Ken Griffin, the CEO of Citadel had an amazing year of record profits and what appears to be an unnatural return on investment. If something looks too good to be true, it probably is. 

Citadel made $28 billion in revenue and their flagship fund had a 38.1 percent return on investment in a year where pretty much every other hedge fund and investors struggled. 

Citadel Securities has drawn a lot of criticism for its ‘payment for order flow’ methods.

Essentially, Citadel pays brokers like Robinhood to send their customer’s trades to Citadel to execute.

Bernie Madoff's firm handled 10% of all market orders. 

Ken Griffin (Citadel) currently handles over 40% today. 

An SEC Whistleblower filing has accused Citadel of 80 million incorrect trades on their "blue sheets," and the creation of "synthetic shares." 

A biotech company has sued Citadel for market manipulation and that lawsuit is still ongoing. 

Sources:
https://twitter.com/GRDecter/status/1612550040756813827
https://www.investopedia.com/terms/p/paymentoforderflow.asp
https://mobile.twitter.com/godofmarkets/status/1612534757807751168
https://mobile.twitter.com/nakedjockman/status/1612492714037383169
https://mobile.twitter.com/kay_enne/status/1612448467632128003
http://www.thenewsburner.com/2012/03/12/billionaire-thinks-his-money-should-buy-more-influence-in-government/
https://www.washingtonpost.com/business/2021/01/29/robinhood-citadel-gamestop-reddit/
https://bettermarkets.org/analysis/everything-you-need-know-about-gamestop-frenzy-and-key-players-including-robinhood-citadel-2/
https://archive.is/1QACH
https://twitter.com/GoldTelegraph_/status/1612844952131874816

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