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Technology Stocks : Stockup.com (OTC-SKUP) 9 7/8-10 7/16
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To: Edward Williamson who wrote (3)7/7/1999 10:51:00 AM
From: StockDung  Read Replies (1) of 22
 
"Edward Williamson pleaded guilty Thursday to wire fraud for
paying a broker to promote Omap Holdings Inc. He faces a maximum
of five years prison and fines, the U.S. Attorney's Office said."

Ed, did you learn this at Wharton's?

Two Stock Promoters Plead Guilty to Bribing Undercover Brokers
7/21/97 17:19

Two Stock Promoters Plead Guilty to Bribing Undercover Brokers

New York, July 21 (Bloomberg) -- Two stock promoters pleaded
guilty to bribing undercover FBI agents posing as stockbrokers
in an attempt to persuade the brokers to peddle selected stocks.
The charges stem from an FBI sting operation that
culminated with the arrest of 45 people last year on penny-stock
fraud charges. FBI agents posing as crooked stockbrokers manned a
fictitious Manhattan brokerage to investigate payments stock
promoters made to brokers. The promoters' goal was to prop
up the price of stocks they were promoting, federal prosecutors
said.
In the latest development, Roland Acevedo pleaded guilty
Friday to conspiracy and bribery charges for paying undercover
brokers to promote Globus Cellular User Protection Ltd. and LBU
Inc., the U.S. Attorney's Office in New York said today. Acevedo
faces a maximum of 15 years in prison and fines at his
sentencing, prosecutors said.
Edward Williamson pleaded guilty Thursday to wire fraud for
paying a broker to promote Omap Holdings Inc. He faces a maximum
of five years prison and fines, the U.S. Attorney's Office said.

--Seena Simon in U.S. District Court in New York (212) 732-9245
through the New York newsroom /ag
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