Electro-Optical Systems Corp. (EOSC) Message Board

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Biotech / Medical : Electro-Optical Systems Corp. (EOSC)

EOSC 0.0001000

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Nov 3 9:31 AM EST

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To: Link Lady who wrote (121)	3/14/1998 8:23:00 AM
From: TideGlider	Read Replies (1) of 242

Electro-Optical in stock fraud case WASHINGTON - A federal judge in New York City Friday ordered Electro-Optical Systems and several individuals and companies to stop selling the company's stock after federal regulators sued them for allegedly manipulating the shares. The Securities and Exchange Commission alleged in a lawsuit that the defendants artificially inflated the company's stock price and sold shares to unsuspecting investors - including many small investors buying shares over the Internet. Electro-Optical Systems is said to sell fingerprinting devices. The defendants have fraudulently made at least $5 million on the sales, the SEC said.

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