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Microcap & Penny Stocks : Amazon Natural (AZNT)

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To: zonkie who wrote (6867)9/24/1998 1:58:00 AM
From: zonkie   of 26163
 
off topic:

Federal prosecutors in New York have charged stock promoter Michael Sebastian Neufeld with allegedly bribing a Federal Bureau of Investigation (FBI) undercover agent posing as a stock broker, to sell shares of a specific company. The arrest comes almost 18 months after a widely publicized FBI operation netted 45 defendants in a similar sting. Many believed after defense attorneys publicly revealed the named of the firm used in the original case that the FBI had stopped the sting operation.

In the most recent case, an undercover FBI agent posing as a stock broker was approached by Neufeld and offered 15,000 shares of Kelcord International Inc. for every 100,000 shares of the company the "broker" could sell to clients. Kelcord's shares were trading at 59 cents and Neufeld wanted to boost the price to $3 a share according to the complaint. (Wall Street Journal, February 9, 1998)
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