Anthony@Pacific & TRUTHSEEKER Expose Crims & Scammers!!! Message Board

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Strategies & Market Trends : Anthony@Pacific & TRUTHSEEKER Expose Crims & Scammers!!!

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From: ravenseye	9/25/2007 2:20:41 AM
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Network of Traders Charged in Fraud Schemes nytimes.com Morgan Stanley, Janney Ex-Employees Arrested in Fraud (Update6) By Patricia Hurtado Sept. 20 (Bloomberg) bloomberg.com ...``It's a direct byproduct of the tremendous growth in short- selling, and the greater need to engage in covered shorts as opposed to naked short-selling,'' said John Coffee, a law professor at Columbia University. ``It's not a securities fraud prosecution, it's a simple, old-fashioned kickback prosecution.'' The U.S. criminal charges and Securities and Exchange Commission lawsuits against 38 defendants focus on short sales, which involve a security borrowed in anticipation of making a profit by paying for it after its price has fallen. In naked short sales, the seller doesn't intend to deliver the shares when entering the deal. More charges are expected in the probe, people familiar with the case said.... Dozens accused of fraud by SEC Illegal kickbacks alleged in the stock loan industry Friday, September 21, 2007 BY GREG SAITZ Star-Ledger Staff nj.com nj.com Finance employees charged with stock-loan fraud Kira Bindrim September 20. 2007 3:16PM newyorkbusiness.com Federal authorities in NY charge 38 in stock loan schemes 4:47 PM EDT, September 20, 2007 newsday.com

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