'' LoRusso and Belfort vigorously deny Elgindy's allegations."
The funny thing is, I wonthe case and they both got indicted..laughed my self into a frenzy..when I got the notice of indictments..LOL..true I had to wait almost 8 months from the time I gave the Feds my tapes and evidence but it was sweet vindication:;
EXCERPT FROM THE SEC...Press stories:::Story 2 / 5 : 99 <GO> for list of story options. Govt T N I
Page 1 / 4
BN Ex-Stratton Oakmont President Ordered to Stay in Jail by Judge
Sep 11 1998 14:30
Ex-Stratton Oakmont President Ordered to Stay in Jail by Judge
New York, Sept. 11 (Bloomberg) -- A federal judge in New
York ordered the former president of Stratton Oakmont Inc., a
defunct brokerage firm, to stay in jail until his trial.
U.S. District Judge John Gleeson in Brooklyn, New York
yesterday ruled that Daniel Porush be ''permanently detained'' in
a New York jail until trial because he's a flight risk, said
Charles Stillman, Porush's attorney. Stillman said he may appeal
the decision because doesn't think Porush is a flight risk.
Federal prosecutors last week charged Porush, 41, and former
Stratton Oakmont Chairman Jordan Belfort, 36, with illegally
earning $5 million by misusing a Securities and Exchange
Commission exemption for foreign sales of U.S. securities. They
also were accused of offering $2 million to a potential witness
to conceal evidence. Both were arrested Sept. 2.
Belfort has been released and confined to his home on a $10
million secured bond, said Gregory O'Connell, Belfort's attorney.
He wears an electronic bracelet, O'Connell said.
Porush and Belfort are scheduled to reappear in federal
court Oct. 9.
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Page 2 / 4
Prosecutors charged Porush and Belfort with 27 counts
including securities fraud, money laundering and obstruction of
justice. Both were previously barred from the securities
industry.
Stratton, based in Lake Success, New York, was expelled from
the securities industry by National Association of Securities
Dealers regulators in December 1996 for a history of sales
abuses. It's being liquidated under the supervision of a court-
appointed trustee.
--Betsy Jelisavcic in New York (212) 233-2257, through the New
York newsroom (212) 318-2300 /ag
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More Headlines For you about the ever credible Belfort,,,calling Depression ..mentall illness, hell if I was staring at 27 indictments Id say anything to discredit witnesses..Mouhahahahah...try:
http://IwishA@Pwasntalwaysright.com You may find some helpful hints.
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Headlines for Categories: SEC and JORDAN BELFORT
WIRE TIME Page 1
1) BN 5/21 California Man Indicted on Securities Fraud Charges (Repeat)
2) BN 9/11 Ex-Stratton Oakmont President Ordered to Stay in Jail by Judge
3) BN 9/03 Stratton Oakmont Execs Indicted for Securities Fraud (Update2)
4) BN 9/03 Stratton Oakmont Execs Indicted for Securities Fraud (Update1)
5) BN 9/03 Stratton Oakmont's Top Executives Indicted for Securities Fraud |
