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To: Jeffrey S. Mitchell who wrote (3286)	6/10/2002 12:13:42 PM
From: Jeffrey S. Mitchell	Read Replies (2) of 12465

Re: 6/10/02 - Reuters: Alan Bond Convicted of All 6 Fraud Counts Alan Bond Convicted of All 6 Fraud Counts Monday, June 10, 2002 12:09 p.m. EDT NEW YORK (Reuters) - Alan Bond, a prominent money manager who had once been a regular on "Wall Street Week With Louis Rukeyser," was found guilty on Monday of investment advisory and wire fraud. A Manhattan federal jury convicted Bond after deliberating less than an hour. Bond, who had been the president and chief investment officer of Albriond Capital Management, was convicted of three counts of investment advisory fraud, which carry a possible maximum term of 10 years each, and three counts of wire fraud, which carry a possible maximum term of five years each. He was arrested last year for allegedly defrauding clients by sending unprofitable securities trades to their accounts while directing most of the profitable ones to himself. Prosecutors alleged that the "cherry-picking" scheme ran between March 2000 and July 2001, while Bond was out on bail awaiting trial on 1999 charges accusing him of taking more than $6 million in kickbacks from brokerage firms. They said Bond made $6.3 million from the cherry-picking scheme while his clients lost more than $56 million. Copyright © 2002 Reuters Limited. news.lycos.com

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