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Microcap & Penny Stocks : Cryogenic Solutions Inc. (CYGS)

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To: Big Dog who wrote (2349)8/3/1998 10:08:00 AM
From: Janice Shell  Read Replies (1) of 4028
 
The son of a Houston insurance fraud defendant told jurors Wednesday that he installed a command in a computer system that would delete traces of an investment plan created by his father...

On Wednesday, Skillern's son, 24-year-old Michael Don Skillern, testified that he was in charge of programming computers at ATL to make calculations required by the investment plan. The son told jurors that he built a command into the program that would delete all traces of the plan in the computer system. "The idea was that if (State Board of Insurance) examiners came into American Teachers Life, it would not look good for General Mercantile to be doing business out of American Teachers (office). So I installed an erase feature," said the younger Skillern. He also said that General Mercantile Finance Corp.- a company owned by his father - was supposed to lend money to the annuity buyers. [...]


Right. Mike was just an innocent bystander.

Mike Skillern was not indicted, was not "fined" and testified against his own father without promise of immunity.

That seems to me not to be exactly what the official document said..

But, this is the funniest thing: weren't you saying only a few posts back that you knew NOTHING about this affair?

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