What did he do ??
Bribery. Extortion. Insider trading.
"According to the federal indictment, Derrick Cleveland, a subscriber to Elgindy's on-line stock comments, paid $30,425 to Jeffrey Royer, an agent in the Albuquerque office of the FBI, between November 2000 and May 2001.
In return, Royer allegedly passed confidential criminal records of certain corporate executives to Cleveland, who in turn passed the information on to Elgindy. Elgindy, in turn, would then start shorting the stock and spread the word of the criminal records over the Internet to drive the price down.
In his letter to The Union-Tribune, Elgindy strongly denied the accusations. "I have never given Royer a dime for info!" Elgindy wrote.
The government charges that Elgindy used information from Royer at least four times before short-selling a stock.
On Jan. 2, for instance, Royer scanned the FBI's nationwide criminal database for the name of Richard McBride, founder of Florida's SeaView Video Technology. The next day, Elgindy's Web site blasted SeaView, noting that McBride was serving six years of probation for fraud."
Read the indictment here. It aint pretty.
news.findlaw.com
And the CONVICTED FELON will likely say that EVERYONE is out to get him. Even the FBI, who protect their own like no other, wanted him SO much they threw a couple of FBI agents in for good measure.
Anthony did nothing wrong. How do I know this ? Well, Riley, the psychic, told Pugs. And EVERYONE knows that neither Riley or Pugs EVER lie ! LOL
This stuff is WAY better than fiction ! |
