You ever think the Feds asked Cavanaugh or Nicolois about who killed the two Colts Neck Boiler Room Brokers Chalem and Lehmann?
Electro-Optical (EOSC) - Was attempting to develop a fingerprint verification device for use with computers and ATMs. Originally called WTS Transnational Corp. In July, 1997 Chalem engineered a reverse merge into a shell and renamed the company Electro-Optical. Maier Lehmann paid $630K and George Chachas paid $493K to the SEC related to Electro-Optical fraud. On March 13, 1998, the SEC filed a Complaint and obtained a temporary restraining order against NJ securities lawyer William N. Levy, Thomas Cavanagh, Frank Nicolois and 10 other defendants and 19 relief defendants by alleging violations of the antifraud and registration provisions of the federal securities laws in connection with the defendants scheme to manipulate EOSC's stock price. Cosimo Tacopino, of Donald & Co. Securities, opened three accounts in Spain to allow transfer of Electro-Optical shares to defendants (i.e. Lehmann). He has faced federal action in three other cases since 1969. On 1/7/99, the SEC ordered Levy to pay $1,292,000 pending trial. EOSC stock was heavily promoted by Future Superstock.http://www.siliconinvestor.com/readmsg.aspx?msgid=11933347 |
