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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,
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To: Anthony@Pacific who wrote (48970)1/7/2000 2:15:00 PM
From: RockyBalboa  Read Replies (1) of 122087
 
---->A must read!!!

Yun Soo oh Park, aka Tokyojoke is "only" a pickpocket, not excusing him.... the real thieves are there:

msnbc.com


While this has been going on, here's what the Securities
& Exchange Commission has been doing. On Wednesday,
for example, the SEC announced the filing of fraud charges
against one Yun Soo Oh Park (aka “Tokyo Joe”), the
operator of a popular investment advice Web site, for
scheming to sell his own personal positions in stocks even
as he was recommending the stocks as “buys” on his Web
site. The action marked the SEC's second such move in
recent weeks — part of a welcome and much overdue
drive to crack down on the outrageous market manipulation
that has been taking place in NASDAQ stocks on the
Internet.

But all the thievery that has ever taken place on the
Internet — and probably ever will — is nothing compared
with the wholesale looting of the market that has been going
on in the name of free-market capitalism by underwriters in
the IPO game. My friends at Securities Data Corp., which
tracks this sort of thing, tell me that in 1999, Wall Street
underwriters pocketed an almost unbelievable $1.1 billion in
fees from internet IPOs alone — a more than ten-fold
increase over 1998. Leader of the pack? Goldman, Sachs
& Co., which alone bagged $212 million. Second place?
Credit Suisse First Boston Co., which hauled off $184
million.
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