I wonder if the fact that Jenna's husband is an ex-FBI agent was just coincidental...
NEW YORK (Dow Jones)--Anthony Elgindy, the controversial
short-seller and online stock commentator, has been arrested on
charges of racketeering, insider trading and market manipulation, a
government spokeswoman said Wednesday.
Jan Caldwell, a spokeswoman for the San Diego field office of the
Federal Bureau of Investigation, said Elgindy, who lives in the San
Diego area, was arrested at his business Tuesday.
Details of the charges against Elgindy weren't immediately
available. A spokeswoman for the U.S. Attorney's office in Brooklyn,
N.Y., from which the charges originate, said the office would issue a
statement about the Elgindy case soon.
DJ 2 FBI Agents Indicted In US Stock Fraud
NEW YORK (AP)--Two FBI agents helped a stock analyst extort publicly
traded companies by providing confidential information on
investigations of the companies, authorities alleged Wednesday.
Lynn Wingate, an FBI agent assigned to the bureau's Albuquerque,
N.M, office; Jeffrey Royer, a former agent who resigned late last
year; and analyst Amr "Tony" Elgindy were among five defendants
charged in a securities fraud indictment unsealed in federal court in
Brooklyn.
The indictment accuses the agents of using FBI databases to provide
their co-conspirators with inside information, and also to track a
grand jury investigation targeting the alleged scheme in exchange for
cash.
The charges "reveal a shocking partnership between an experienced
stock manipulator and law enforcement agents, undertaken for their
illicit personal financial gain," said U.S. Attorney Alan Vinegrad.
Elgindy and an associate, Troy Peters, were in custody in San Diego;
Royer and Wingate in Albuquerque; and the fifth defendant, another
Elgindy associate, Derrick Cleveland, in Oklahoma City, pending court
appearances.
If convicted of conspiracy, each defendant could receive 20 years in
prison.
(END) DOW JONES NEWS 05-22-02
ANTHONY Popular Online Investment Guru Sentenced to Prison for Mail Fraud
By AARON ELSTEIN
THE WALL STREET JOURNAL INTERACTIVE EDITION
For the next few months, the self-styled online investment guru known by the alias Anthony@Pacific will be making his closely tracked stock picks from a prison cell.
Amr Ibrahim Elgindy was sentenced to four months in prison Monday for fraudulently collecting disability payments between May 1994 and February 1995 while he continued to work. He is scheduled to report to a federal prison June 11, said David Jarvis, an assistant U.S. attorney in Fort Worth, Texas. Mr. Jarvis said Mr. Elgindy had requested that he spend his time in a prison located close to his home in southern California.
U.S. District Judge Terry R. Means also fined Mr. Elgindy $20,000 and ordered him to serve three years of probation after he is released from prison.
A Popular Internet Poster Pleads Guilty to Mail Fraud (Mar. 1)
Mr. Elgindy pleaded guilty to one count of mail fraud in February in a case involving a $7,550 benefit check he received from Massachusetts Mutual Life Insurance while he was a stockbroker at Bear Stearns.
Mr. Elgindy runs a message board on Silicon Investor (www.siliconinvestor.com ) called Anthony@Equity Investigations, where he and other participants discuss stocks they think will fall. He has cast himself as a watchdog of online stock-promotion schemes and has attracted a large following of investors.
"I was a stupid kid and I did a stupid thing," said Mr. Elgindy, 32 years old, in a telephone interview after he was sentenced. "I truly regret what I did six years ago, but I fully intend to get on with things and continue with how I've led my life since. I can't hold others accountable if I'm not held up to the same standards. I have no hard feelings toward anybody."
A spokeswoman for Silicon Investor, which is owned by Go2Net Inc. of Seattle, said the sentencing wouldn't affect Mr. Elgindy's membership, because his legal troubles aren't related to anything he's done on Silicon Investor.
Many of Mr. Elgindy's online supporters expressed their sadness as word of the sentencing spread Monday afternoon. "Sorry, Tony, the place just won't be the same without you," posted one message-board writer.
Write to Aaron Elstein at aaron.elstein@wsj.com
Updated May 16, 2000 10:34 a.m. |
