From Barron's
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"Witz hasn't been charged, but his name came up when Mazzeo's brokerage-firm partner, George Carhart, also pled guilty to state criminal charges on July 22. Carhart told New York State Supreme Court Justice Colleen McMahon that in 1992, Barry Witz had taught the partners "how to commit a type of securities fraud known as Reg S fraud." Witz couldn't be reached last week to comment on this allegation."
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Several of the shell companies mentioned in Mazzeo's guilty plea also figured in transactions by suspected money launderer O'Carroll, as described in our story last year. In January 1993 letters to Bear Stearns, for instance, O'Carroll instructed the brokerage firm to wire $121,000 from sales of Saratoga Brands stock to an Isle of Jersey bank account in the name "Westfaelische Anlagen AG," a shell company that Mazzeo's plea says was also used in January 1992 for nearly $1 million in fraudulent stock sales.
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When Barron's asked Witz about these transactions, he said that he was merely O'Carroll's lawyer, and he attributed the deals to Kirschbaum. |
