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Non-Tech : Bill Wexler's Dog Pound
REFR 1.615-14.6%3:59 PM EST

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To: N. Dixon who wrote (9119)2/18/2003 2:33:01 AM
From: Bill Wexler  Read Replies (1) of 10293
 
Robert Flaherty = paid whore for stock frauds:

[Robert Flaherty's "Equities" magazine has been compensated by Research Frontiers to promote its stock. Mr. Flaherty has a long history of getting into bed with stock con artists]

cfo.com

Pre-Paid Legal Services Inc. has been reported to the SEC for not disclosing that it paid more than $30,000 to a magazine that subsequently recommended its stock, according to The New York Post.

Reportedly, Pre-Paid received a recommendation from Robert Flaherty, editor and publisher of Equities magazine, in an interview Flaherty did with Forbes.com on September 3.

Afterward, Pre-Paid issued a press release stating that journalist Flaherty had shared his tips on stock picks that he feels have good potential for investors.

"Flaherty likes to try and counteract what he calls 'abusive short-sellers,' when he makes his picks," Pre-Paid's management noted in the press release.

What the company did not note in the release is that it reportedly paid more than $30,000 to Flaherty's publication.

The Post also reported Monday that New York State Attorney General Eliot Spitzer had complaints about Pre-Paid. Also, he's not overly wild about the name Eliot.
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