Quastions about naked-shorting

[Zotya]

Hello!

First sorry about my bad english. I want to ask some questions about naked shorts.

I read a good article, but i dont understand it. :

I can't post link the article on the rollingstone tiltle: Wall Street's Naked Swindle

"The fact that short-sellers do not have to deliver their shares made it possible for two people at once to think they own a stock. Evil Hedge Fund X borrows 100 shares from Unwitting Schmuck A, and sells them to Unwitting Schmuck B, who never actually receives that stock: In this scenario, both Schmucks will appear to have full voting rights. "There's no accounting for share ownership around short sales," Trimbath says. "And because of that, there are multiple owners assigned to one share."

questions:
I am a hungarian student. In Hungary never allowed naked short. If I borrow shares, it will be accounting the central clearing house (named Keler rt), i think it's like DTC. If i make a naked short it isn't account in DTC? Whay dont know somebody who is the crazy investor (on the article) , who bet against Bear Stearns. aren't any all transaction registered in DTC? (keler registered all shorts (security landings), and buys)

"The fact that short-sellers do not have to deliver their shares made it possible for two people at once to think they own a stock. Evil Hedge Fund X borrows 100 shares from Unwitting Schmuck A, and sells them to Unwitting SchmuckB, who never actually receives that stock: In this scenario, both Schmucks will appear to have full voting rights. "There's no accounting for share ownership around short sales," Trimbath says. "And because of that, there are multiple owners assigned to one share."

how can hedge fund manipulate votings?

If i have a insider investor, who want to manipulate the corporate elections. I can do to land 100.000 share to 50 of my friends? So me and my friens buy free 5.000.000 votes? Or how?

I hope you are understand me

Zotya