With all that has happened with Anthony Elgindy since his arrest
Looks as if Anthony is out under heavy bail and tagged since mid September.
newsday.com
Wall Streeter Gets Bail
By Anthony M. DeStefano
STAFF WRITER
August 29, 2002, 6:35 PM EDT
Three months after his arrest on securities fraud charges, Wall Street short seller Amr I. Elgindy was granted bail Thursday by a Brooklyn federal judge.
Judge Raymond Dearie said he’d allow Elgindy, also known as “Tony” Elgindy and “Tony Pacific,” to be freed on tight bail restrictions even though prosecutors have presented evidence that he might try to flee to Lebanon and that he tried to deceive federal authorities.
After several court hearings over the last three months, Dearie, by his ruling, indicated that Elgindy, would be freed under house-arrest conditions, including the requirement he wear an electronic ankle bracelet, defense attorney Gerald Lefcourt said.
Elgindy, 35, a U.S. citizen born in Egypt, will remain in custody until the total bail package, to be secured by property owned by Elgindy and his family, is worked out in the next two weeks, Lefcourt said.
The bail amount is probably going to be about $4.5 million, he said.
Elgindy was arrested in May with a former FBI agent and a current FBI agent, on charges of racketeering, insider trading, extortion and market manipulation.
A short seller who made his profits by betting that the price of stocks would drop, Elgindy was accused of using confidential law enforcement information in his business dealings. |
