Congratulations to United States Attorney Kenneth Breen and his hard-working staff for bringing the first criminal conviction for the chicanery then went on in the trading industry. It seems that, when the facts are provable, racketeering charges lead to conviction in this industry, I for one hope that the others involved in racketeering in this industry are also held accountable and pay a severe penalty for what they did. Now there are quite a few unindicted co-conspirators and other members of AP gang who may start thinking of cooperation with the government and restitution, before further indictments are handed down, forfeiture proceedings commenced.
Mr. Breen, like I said there are others who directly targeted not scam companies but innocent investors themselves: PHILIP R. BERBER, LESLIE M. MOOR, CHRISTOPHER J. REA. Similarly, they have demonstrated that they'll show remorse only when the day of accounting has already come and gone - never before.
AP breaks down on the stand in tears. How about the untold suffering of investors? They're not in the public eye to break down in tears; no, they suffered in private, not one word spoken for them until today. It's been a long time coming that someone in trading were finally held accountable. I hope this is merely the first, landmark event in accountability in this industry, where a small group of self-appointed "leaders" abused the rest of us for their own personal greed motives. Nothing created; a great deal destroyed.
To all AP supporters, I agree with you that AP was once a very good investigator and short; but, he crossed the line. Maybe one of you will lead a discussion on what AP can do, not to quit as Pluvia said, to just give up now, but to try his very best to make amends. If any of you ever saw the movie "Catch Me If You Can," well an obvious course AP could now chart with the agreement of the government would be to agree to finally fulfill his promises not for his own greed but truly to help the public, and I for one know that he could certainly do a great deal of good if he made that choice now.
If a number of you would take the time, to have the courage to write Judge Dearie about examples of AP's talent and how it could be put to good use finally, then this is one result that would serve many innocent investors in the future. Maybe, we'll see. |
