Brokerage-Chat Site Securities Fraud: A Lawsuit Message Board

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Pastimes : Brokerage-Chat Site Securities Fraud: A Lawsuit

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To: CountofMoneyCristo who wrote (1262)	6/25/2003 11:31:04 AM
From: Jon Tara	Read Replies (3) of 3143

If a conspiracy indeed occured as stated in the complaint, then they should throw the book at them. The key, I think, would be proving collusion. Otherwise, the "kickback" is nothing more than what it looks like on the surface - i.e. the brokers paid a fee for bringing them accounts. Perhaps you can still prove that the web sites had an intention to defraud by trying to get users to churn their accounts, and had knowledge that their trading recommendations were worthless. What you need is a "POS memo". BTW, hasn't your attorney told you to hush? If not, maybe your second mistake was the choice of your attorney... This is all interesting and amusing to read about, but I suspect you may be damaging your case, and/or leaving yourself open to libel/slander charges. It seems to me that the kind of off-the-cuff remarks you are making daily here would be an attorney's worst nightmare. They're going to have to read everything you write here and do periodic damage control. Ten million dollars? Did ya start to get some inkling that that this wasn't a good plan at, say, -9M?

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