$2.3 billion in missing capital could be as high as $50 billion in liabilities, fraud on wall st 🤨

Fraud on Wall Street. Jeffrey's CEO said they were defrauded by First Brands, an auto parts maker. Spooked the market with other bankruptcies hitting this week. Amy Dimon saying right here, quote, when you see one cockroach, there are probably more. First Brands is an auto part manufacturer. In September, they filed for Chapter 11 bankruptcy to have protection under Texas law. They believe the liabilities are from $10 to $50 billion. Now, what's furthermore is there's this missing funds case. One creditor, Rhyestone Capital, claims up to $2.3 billion in collateral that is just missing or disappeared. This could be a huge, huge fraud going on on Wall Street right now. Regional bank stocks like Zions and Western Alliance all over the place over the weekend because of these fraud charges. We'll see how this plays out. Today, the markets rallied back from this little low on Friday of all this fraud because of maybe ending the government shutdown and better US-China relations. So we'll see how this plays out over the next few days.