Banned.......Replies to the A@P thread. Message Board

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Strategies & Market Trends : Banned.......Replies to the A@P thread.

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To: ravenseye who wrote (3463)	4/8/2005 12:56:38 AM
From: ravenseye	Read Replies (2) of 5425

More tongue-in-cheek, today (4/8/05) could be the day the government decides to file additional charges or add defendants! lma(zz)o where o where has pluvia been? Govt Considers Adding Charges, Defendants In Elgindy Case 02-16-05 11:49 AM EST NEW YORK (Dow Jones)--Federal prosecutors are considering filing additional charges against hedge fund manager Jonathan Daws. Daws was charged in a racketeering indictment with several counts of securities fraud in 2003 when he was added to the government's case against short-seller Anthony Elgindy. Elgindy was found guilty of racketeering, extortion and securities fraud last month by a jury in Brooklyn, N.Y. Former FBI special agent Jeffrey Royer was found guilty of racketeering, securities fraud and obstruction of justice in the same case. They are both awaiting sentencing. Assistant U.S. Attorney Ken Breen told Judge Raymond Dearie on Wednesday the U.S. government is also considering adding one or more defendants to its case. Breen told Dearie the government needs another month before deciding whether to file a superseding indictment in the case. The government alleged in a broad indictment in May 2002 that former FBI agent Royer stole information from confidential government databases and shared it with Elgindy and other short-sellers, including Daws, who used to work at Gryphon Partners. The government alleges that Daws and others used the information to manipulate the shares of companies they shorted. Two other defendants in the case, Lynn Wingate and Troy Peters, are scheduled to go to trial in June and early July. Should the government decide to file additional charges or add defendants, April 8 has been scheduled for the rearraignment of Daws. -By Carol S. Remond, Dow Jones Newswires, 201-938-2074

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