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Technology Stocks : Avtel Communication (AVCO)

AVCO 2.120

+2.4%

Oct 31 3:59 PM EST

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To: Charlie Smith who wrote (351)	11/15/1998 10:55:00 PM
From: David S.	of 461

Is it possible that the Toyko Joe method could be illegal? The question for legal minds is: is it a pyramid scheme? essentially, a ponzi/pyramid scheme takes the money from new investors to bail out old investors. Perhaps his being an attorney in Korea did not prepare him for the technicalities of law in the US. the WSJ article on him seemed to indicate that he may not be on as firm ground as he would like. The question is : does anyone at the SEC, NY attorney general's office, etc. care? I would bet probably not. Still, it is funny that people sign up. but then again, lots of people were anxious to go to Jonestown.

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