Jonathan Lebed, 14 Year Old Boy Fined 1/4 Million by SEC Message Board

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Pastimes : Jonathan Lebed, 14 Year Old Boy Fined 1/4 Million by SEC

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To: ISOMAN who wrote (149)	10/4/2000 10:25:43 AM
From: PatiBob	of 172

He might have one day become an ISOMAN...alas, he'll probably end up a big dog... He's got a start at going some place that's for sure. An article in this weeks People Magazine (10-09-00): "Jonathan Lebed joined the ranks of unrepentant Wall Street swindlers such as Michael Milken with his head held high. Not a flicker of remorse flashed across the face of the 15-year-old high school junior as he talked with reporters on Sept. 20 in the driveway of his parents' modest Cedar Grove, N.J. house. Deflecting questions about how he had hyped small-company stocks on the Internet to gain at least $272,826 in illegal profits, Lebed said calmly, "Everyone does it." The last part of the article: "Lebed is "quite unusual and extraordinary," says his lawyer Kevin Marino, adding that his client had made "substantially more" than he repaid. And Lebed's father told reporters, "I'm proud of him". PB

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