You had better start raising bail money for your buddies.... they are going to need a lot - lol
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
12:37 PM - - 12 37 PM EDT 05-22-02
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