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Pastimes : Investment Chat Board Lawsuits
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To: Henry Volquardsen who wrote (320)6/15/2000 2:53:00 AM
From: Jeffrey S. Mitchell  Read Replies (2) of 12465
 
Henry, yes, they got people we knew! Several! -->

As you know, Janice and Tod and I are being sued by AZNT. The person handling IR for AZNT when we first started looking at them was a guy named John Fasano. Searching SEC records we found that "... Fasano contacted an undercover FBI agent posing as a broker (the Agent) and offered to pay the Agent a bribe in the form of free Spaceplex stock in exchange for selling Spaceplex stock to the Agent's supposed retail customers." (http://www.siliconinvestor.com/readmsg.aspx?msgid=5625174) Note that Spaceplex was one of the companies named in today's SEC crackdown.

We also know from court testimony from AZNT's lawsuit against Joseph Andrew Mann that AZNT had a relationship early on with a Cary Cimino of New York. From what I was told, Cimino was brought in to help raise them money. Cimino was also named in today's crackdown. However, the story goes that even back then Cimino was banned from the securities industry-- so he recommended Mann.

Mann allegedly bought 4 million shares of AZNT stock for $1 million. I say "allegedly" because evidence of promissory notes marked "paid" was introduced during the lawsuit against Mann, but AZNT contended they were forged. In any event, Mann went on to eventually head Gtrade Network, Inc. (GTRD). GTRD was also shut down by the SEC today.

- Jeff
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