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Microcap & Penny Stocks : GIFS

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To: David Pesetsky who wrote (6241)5/7/1997 5:15:00 PM
From: tonto   of 8012
 
Copy faxed to me, here are some excerpts.

By Rebecca Buckman

The head of a small TE company now under investigation by state and federal authorities is a thrice convicted felon who has served time in prison on drug, firearms and counterfeiting charges, legal authorities say.

In 1986, a federal judge in Greensboro, N.C. sentenced Zayed to six-and-a half years in prison on two seperate charges: conspiring to
forge and counterfeit money, and possessing a firearm as a convicted felon, according to records at the penitentiary at Butner, N.C., where Zayed served part of that sentence.

He eventually was furloughed from a Georgia prison in 1990, although he escaped for a time from a halfway house between his two prison stays, a prison official said.

Then the drug charges in 1982.

Zayed-who said he was speaking from Brazil...said the concerns of state and federal authorities are unfounded.

the CEO bristled at suggestions that his and Dorminey's criminal recors taint the legitimacy of the company.

"I think that means you have a lot of individuals (at GIFS) with diverse backgrounds."
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