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Strategies & Market Trends : Banned.......Replies to the A@P thread.
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To: peter michaelson who wrote (992)12/22/2004 10:05:19 AM
From: Louie_al-Arouri  Read Replies (4) of 5425
 
Did you get the vibe that Elgindy's attorney was incompetent? His own witnesses are bringing in testimony that shows he is a despicable crook and stoolie and it almost appears you've been coached to look like a fool intentionally. Do you feel Tony's attorney is bad, or just the Elgindy defense strategy? They seem to be saying, "look, Tony was caught in illegal short selling schemes, rolled on his associates and agreed to cooperate with the feds to save his own azz, therefore... we the defense contend he is innocent of all counts. Now we will bring SEC agents to the stand to confirm Elgindy was an accomplice and informer."

Tuesday afternoon, Elgindy called Yuri Zelinsky, another SEC lawyer, in an attempt to try to impeach part of the testimony of John Sten, a former SEC lawyer. Sten was called by Elgindy's defense last week to testify about how Elgindy provided valuable information to the SEC during an investigation in 1996 and 1997. But on cross-examination, Sten said that Elgindy testified for the SEC as an accomplice in the scheme and that his testimony involved details of his participation in the illegal short-selling scheme that took place at the time. Zelinsky told jurors Tuesday that Elgindy was one of several market makers who agreed to fix the price of a security so that a third party could benefit, backing Sten's testimony that Elgindy was part of a scheme to defraud.
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