Bill,
Since this is my last post for today I have to use it to send you another message.
I am the messanger, I did NOT MAKE the law what it is.
The 1970 segment was constructed to be flexable.
The law has/is always a flexable, living set of documents that can change according to the most recent verdict(s).
If you are unhappy then I am sorry for you because it means you are so deep into this that a crane can not lift you out of it.
Since you are such an ass I cannot feel any sympathy for your situation.
Here is the latest on the trial:
12-21-04 02:39 PM EST NEW YORK (Dow Jones)--
Lawyers for short-seller Anthony Elgindy are winding down their presentation to jurors, spending most of Tuesday morning introducing charts and documents relating to companies whose stock Elgindy is accused of manipulating.Elgindy and former Federal Bureau of Investigation special agent Jeffrey Royer are standing trial in U.S. District Court for the Eastern District of New York. They, and three others to be tried separately, are charged with securities fraud, market manipulation and extortion. The government alleges that Elgindy used a private investing Web site to share and trade on confidential information he obtained from Royer. Evidence introduced in the case showed some of the confidential information that made its way onto the Web site mirrored word for word information contained in FBI documents.Elgindy's lawyers over the last few weeks called several Securities and Exchange Commission lawyers and a few FBI agents to testify for the short seller. The lawyers want to show that Elgindy was sharing information about companies he thought were scams with numerous law-enforcement officers and that he gleaned confidential information in the process.Elgindy is expected to rest his defense later Tuesday or Wednesday. Royer is then expected to testify in his own defense.-By Carol S. Remond, Dow Jones Newswires; 201-938-2074
SECOND POST TODAY SORRY ABOUT THE LACK OF FORMAT
UPDATE:Elgindy Defense Case Winds Down;More SEC Testimony
12-21-04 08:19 PM EST (Updates with additional testimony.) By Carol S. RemondOf DOW JONES NEWSWIRES NEW YORK (Dow Jones)--
Lawyers for short-seller Anthony Elgindy are winding down their presentation to jurors, spending most of Tuesday introducing charts and documents relating to companies whose stock Elgindy is accused of manipulating.Elgindy and former Federal Bureau of Investigation special agent Jeffrey Royer are standing trial in U.S. District Court for the Eastern District of New York. They, and three others to be tried separately, are charged with securities fraud, market manipulation and extortion. The government alleges that Elgindy used a private investing Web site to share and trade on confidential information he obtained from Royer. Evidence introduced in the case showed some of the confidential information that made its way onto the Web site mirrored word for word information contained in FBI documents.Elgindy's lawyers over the last few weeks called several Securities and Exchange Commission lawyers and a few FBI agents to testify for the short- seller. The lawyers want to show that Elgindy was sharing information about companies he thought were scams with numerous law-enforcement officers and that he gleaned confidential information in the process.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.
Elgindy is expected to rest his defense Wednesday. It's now unclear whether Royer's defense will start Wednesday or will be held until Monday Jan. 3 after the Christmas recess.
- By Carol S. Remond, Dow Jones Newswires; 201-938-2074 |
