Medical Properties Trust (MPW) is facing serious allegations of financial misconduct, including fraudulent activities and misrepresentation of financial documents. Critics, including Viceroy Research, have highlighted the company's use of promissory notes and other financial instruments to obscure liabilities and potential fraud. Concerns have been raised about MPW's transparency, particularly regarding the non-disclosure of significant financial dealings in its 2020 10-K filing. Additionally, MPW is reportedly the largest creditor to an organization charged with money laundering in a foreign jurisdiction, raising further questions about its financial practices and the impact on its credit status. There are also accusations that MPW management, specifically CEO Aldag, has been dishonest about the company's financial health, with specific references to potential enforcement investigations and problematic asset pledges involving approximately $60 million of the $75 million.
While working on the other fraud known as $ABR & going through some very interesting docs. Here's the snippet @HedgeyeREITs refers to. Listen to the end! The analyst gets it! Aldag outright lies when read alongside the BK filing of @Steward. https://t.co/pFZiCmfJJ4 https://t.co/D4DoZ7ME0b
Here is Aldag's response today about other potential DIP lenders pre-petition. vs. the Tyler Cowan declaration (docket #55) where they went 0 for 14 and did not even receive a term sheet from any third party. Leaving $MPW as the only funding option. Do you guys think we can't… https://t.co/QXI4t2dbQP
Here is Aldag straight up lying today about other potential DIP lenders pre-petition. vs. the Tyler Cowan declaration (docket #55) where they went 0 for 14 and did not even receive a term sheet from any third party. Leaving $MPW as the only funding option. Do you guys think we… https://t.co/joiaOXOX7R
Here is Aldag straight up lying today about other potential DIP lenders pre-petition. vs. the Tyler Cowan declarion (docket #55) where they went 0 for 14 and did not even receive a term sheet from any third party. Leaving $MPW as the only funding option. Do you guys think we… https://t.co/nm8xZht0hL
$ABR would be wise to readjust their credit loss assumptions before Viceroy Research publishes our next report. It gets worse from here on out. The timing of this was convenient, too convenient, in fact. Time for Arbor to transparently disclose its 'rolling loans' MO. https://t.co/1S6cvmBgOx
Listen! Here's $MPW committing an outright lie, in their own words! This is blatant fraud when you compare it to the BK court filings. https://t.co/YlsiCMAp8V https://t.co/AwHwKQSC7J
Here's $MPW committing an outright lie, in their own words! This is blatant fraud when you compare it to the BK court filings. https://t.co/cHUvgDFgZ1 https://t.co/AwHwKQSC7J
$MPW Earnings Day! @HedgeyeREITs https://t.co/EVHpIVlnjA https://t.co/P1MjwviQS9
Got it $MPW. Should there be any more doubt on what this is? https://t.co/oEvsC1WPy5 https://t.co/1fSMeTHKU2
I've started listening to the $MPW call, as I've been busy on the other fraud at $ABR. I'm just making some comical edits to MPW's welcome screen. Best I could come up with for a login. https://t.co/KYRYG9Kl4s
Still no response from Arbor management to our questions, but we're sure they're answering (or avoiding) a lot of questions today. Hard work. $ABR https://t.co/Q0HtUO148P
Questions for $ABR - If they are so amazing at underwriting, why is there a need to modify (to death) $1.9billion of loans? How much capital did delinquent borrowers put up? Will Arbor answer before @ViceroyResearch go again? https://t.co/nRcCuhPQML
$MPW just denied they pledged assets as part of the FILO Bridge. https://t.co/jW2vwOCqXd
"We are far down the road with several operators..." $MPW This one will come back to haunt you guys. https://t.co/SKDZc0pIIb
"There were other lenders willing to participate in the @Steward DIP..." $MPW https://t.co/SKDZc0pIIb
That's a lie, re: other lenders on DIP $MPW Straight up lie.
The price of $ABR is above book, assuming you believe Arbor's numbers & @viceroyresearch doesn't. ABR is undoubtedly stuffing buyers with the ATM filed when no one was watching. How many undisclosed "deals" similar to this has Arbor conducted? Fear not, we will answer... https://t.co/Uaa2KEoM9W
$MPW Conf call notes: Steward was not paying rent, it was being round tripped. So I guess rent was not responsible for Steward's collapse. 😂
Hey Ed and Steve wha happa here? Wha? What happa? $MPW Historic is right! You said this nonsense just ~7 months before these numbers were reported. General rule of thumb with these guys: Whenever you hear "improving" or "strong" or "historic" or "tremendous," hide your… https://t.co/JC64KPgftn
No wonder $ABR was able to 'survive'. Buying properties that the market would not value anywhere near par. The "entity" was even registered at Arbor's New York office! Talk about sloppy! Analysts take note, there's more to come. Basically a 100% LTV... https://t.co/E6l3jNQtrs
Arbor Realty Trust – FRAUD. https://t.co/j0tzL9vyxg Arbor has financed purchases of assets from its own foreclosures, with Arbor loans, via off-balance sheet entities run by former Arbor associates, and entirely financed with Arbor equity capital. $ABR 1/ https://t.co/JncbncItaM
Lol, $MPW where'd your "AFFO" go? I guess it was engineered and manipulated away....
Image 1 - 99% of the listeners on $MPW call today while hearing Baghdad Ballsag (IMG2) spout more lies. Maybe Aldag can explain why it was blatantly obvious to outsiders that MPW were floating a bankrupt @Steward for years. Is this bankruptcy really a surprise? https://t.co/Hzn4VZjux5
$ABR - Rather than be transparent, Arbor Reality has attempted to get ahead of the really bad news. Ivan Kaufman no doubt expected the shorts to give up. Arbor cannot say they weren't given ample opportunity to comment. Watch this space, we caught them! https://t.co/yef6teXcY5
$ABR - Rather than be transparent, Arbor Reality has attempted to get ahead of the news. Ivan Kaufman no doubt expected the shorts to give up. Arbor cannot say they weren't given ample opportunity to comment. Watch this space, we caught them! https://t.co/yef6teXcY5
All of our research is based on Arbor's filings, including CLO data, and other public filings from various county registrars. You anticipate further "reports" in the near future because you have refused to address any concerns. We have the goods. #watchthisspace $ABR
Hey $MPW, why dont you "correct the record" on this? Because you can't... tick tock. https://t.co/qgFYvZxbSb
Red flags..... $ABR 🚨🚨🚨🚨🚨 https://t.co/Sj3eTF3PTQ
Red flags..... $ABR🚨🚨🚨🚨🚨 https://t.co/iPV4xk1IwN
$MPW - Lets hope no one leaks their 'friendly' analyst 'ask a question number' for tomorrow's call and I jump on with a very pertinent question for the fraudsters. I have a few questions, wink wink Aldag!
This is...very weird $ABR trying to front run bad news? Very odd. Management teams who are concerned about the contents of short reports and critical views instead of just running their business 🚩🚩🚩🚩🚩🚩🚩 https://t.co/91gB11BWKU
Another hostage appeal, this time authored by Drew Babin (humourous title edit) - $MPW (misdirects) corrects the record while failing to admit they're under enforcement investigation for??? Here's Ballsag's video again admitting round-tripping below. https://t.co/dlCEuDCZtR https://t.co/ww7yq4LPAF
Think about how BAD it must have been to give away these terms, including the MOIC, and for $MPW to backstop it with asset pledges off its own balance sheet + granting a put on ~$60mm of the ~$75mm. It would be awesome if any of the sell-siders could maybe, just maybe, ask… https://t.co/izaY6brd33
Think about how BAD it must have been to give away these terms, including the MOIC, and for $MPW to backstop it with asset pledges off its own balance sheet + granting a put on ~$60mm of the ~$75mm. It would be awesome if and of the sell-siders could maybe, just maybe, ask… https://t.co/izaY6brd33
Does $MPW have the call tomorrow in light of the gross misstatements & fraud?
Hey y'all, don't shoot the messenger here... But it appears that $MPW is the largest creditor to an organization that is being rung up on money laundering charges in a foreign jurisdiction... What does that do to the credit of $MPW? It's not a positive - watch the bonds https://t.co/VU6DooB8nG
The side-by-siding of $MPW will continue until transparency improves, which probably means forever. Hey guys, would love for you to comment about this on the call tomorrow! Would really help us better understand the lay of the land... kind of a "fill in the blanks" question, as… https://t.co/POaBQAPkrs https://t.co/qgFYvZxbSb
$MPW - Was this a "promissory note"? We @viceroyresearch have a few questions for the call, assuming Aldag isn't practising his prison yoga & postpones the call. This is brazen fraud & misrepresentation. https://t.co/sC49JWwfeO
$MPW - News coming on this - Please note "loans" not promissory notes. A favourite of MPW in order to hide fraud. Aldag, you do know it's war now? Inc, where $MPT jets went...you going to tell or am I? Or maybe ask RDLT? https://t.co/e6YYT2GhMQ
Amazing what you find in filings that $MPW would hope you don't notice. Aldag, are you going to come clean? Or just lie through your teeth? Tylenol Steve must have a serious headache. Remember #Scamner, always read the label.@viceroyresearch will deliver on this #OffBalanceSheet https://t.co/WL5Yn062YL
The side-by-siding will continue until $MPW transparency improves. Which probably means forever... well, not forever 😉. But anyway... why didn't you guys disclose the size of this promissory note in the 2020 10-K, which was clearly part of the 2020 recap which injected… https://t.co/bCsTXlHqyK