Amir Elgindy - A Changed Man?
"SCAM DOGS AND MO-MO MAMAS"
by John R. Emshwiller
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Page 140
Though he avoided criminal sanctions, Elgindy felt the ripples of the Armstrong, Mckinley debacle for years afterwards. In 1997, for instance, Ohio regulators rejected his application for a securities broker license in that state. According to the report by the state hearing examiner, Elgindy was "not of 'good business repute'."
Among other things, the hearing examiner found that the broker had altered a letter from a former Armstrong McKinley client and then submitted it in the Ohio licensing case. The client a Dr Laila Gomaa won $30,000 in an arbitration complaint against the brokerage firm, and it's principles, including Elgindy. To bolster his argument that others at the firm were responsible for her losses, Elgindy obtained a letter from Dr. Gomaa absolving him of any misdeeds.
Elgindy submitted the letter. But then the hearing examiner called the doctor. According to his report, she said she recognized only part of the letter and that a large chunk of it was different from what she had sent Elgindy. The hearing examiner found that Elgindy had altered the letter before submitting it.
Like other parts of Elgindy's life, this incident has an unusual twist. The unhappy client, Laila Gomaa, was also Elgindy's mother.
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Beware of eating while reading this book.
Upon reading this I spewed a mushroom a good 8ft onto a wall... |
