1.+DJ Elgindy To Be Released Tuesday On $2.5M Bond
09/10/2002
Dow Jones News Services
(Copyright © 2002 Dow Jones & Company, Inc.)
(MORE) DOW JONES NEWS 09-10-02 11:28 AM
=DJ Elgindy -2: Released After More Than 3 Months In Jail
By Carol S. Remond Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--After spending more than three months in jail, trader Anthony Elgindy will be released from jail later Tuesday on $2.5 million bond. Federal judge Raymond Dearie ordered Elgindy released so that he could meet with his counsel before traveling back to his home in San Diego, Calif., likely on Thursday. Elgindy was arrested last May with four others accused of securities fraud and racketeering. The government indictment accuses Elgindy, two other traders and two former FBI agents of using confidential government information to manipulate the shares of companies they targeted for short selling and on some occasion, using that negative information to extort free or cheap shares from those companies. While in New York, Elgindy's movements are restricted to travel to his attorney's office and the Carlton Hotel, where he and his wife will be staying. (MORE) DOW JONES NEWS 09-10-02 11:56 AM
=DJ Elgindy -3: Will Be Under House Arrest In San Diego
Elgindy's bond was signed by seven family members and is secured by five properties. Back in San Diego, Elgindy will be held under house arrest and will have to wear an electronic bracelet, which combined with a cell phone, will allow the government to monitor his movements using global positioning satellite technology. Elgindy's co-defendants in the case are: FBI agents Jeff Royer and Lynn Wingate, and traders Derrick Cleveland and Troy Peters. All the defendants are now free on bail. Cleveland pleaded guilty to racketeering in July and is since cooperating with the government. The other defendants have pleaded not guilty. -By Carol S. Remond, Dow Jones Newswires; 201-938-2074 (END) DOW JONES NEWS 09-10-02 Message 17974390
2.DJ Elgindy To Be Released Tuesday On $2.5M Bond
09/10/2002
Dow Jones News Services
(Copyright © 2002 Dow Jones & Company, Inc.)
(MORE) DOW JONES NEWS 09-10-02 11:28 AM
=DJ Elgindy -2: Released After More Than 3 Months In Jail
By Carol S. Remond Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--After spending more than three months in jail, trader Anthony Elgindy will be released from jail later Tuesday on $2.5 million bond. Federal judge Raymond Dearie ordered Elgindy released so that he could meet with his counsel before traveling back to his home in San Diego, Calif., likely on Thursday. Elgindy was arrested last May with four others accused of securities fraud and racketeering. The government indictment accuses Elgindy, two other traders and two former FBI agents of using confidential government information to manipulate the shares of companies they targeted for short selling and on some occasion, using that negative information to extort free or cheap shares from those companies. While in New York, Elgindy's movements are restricted to travel to his attorney's office and the Carlton Hotel, where he and his wife will be staying. (MORE) DOW JONES NEWS 09-10-02 11:56 AM
=DJ Elgindy -3: Will Be Under House Arrest In San Diego
Elgindy's bond was signed by seven family members and is secured by five properties. Back in San Diego, Elgindy will be held under house arrest and will have to wear an electronic bracelet, which combined with a cell phone, will allow the government to monitor his movements using global positioning satellite technology. Elgindy's co-defendants in the case are: FBI agents Jeff Royer and Lynn Wingate, and traders Derrick Cleveland and Troy Peters. All the defendants are now free on bail. Cleveland pleaded guilty to racketeering in July and is since cooperating with the government. The other defendants have pleaded not guilty. -By Carol S. Remond, Dow Jones Newswires; 201-938-2074 (END) DOW JONES NEWS 09-10-02
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