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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?

To: StockDung who wrote (10114)	6/24/1999 10:06:00 PM
From: CatLady	Respond to of 18998

1. Would this be the same Carlos Gomez? 2. Why do some people get weirded out when the name is mentioned? (From IDTC s-3, dated 4/29/99) We are currently dependent upon Union Telecard Alliance, LLC, a joint venture company formed with Mr. Carlos Gomez, for the sale of a substantial portion of our prepaid calling cards. We own 51% of the outstanding equity interests in this company through an agreement which we entered into with Union Telecard and Mr. Gomez during the fourth quarter of fiscal 1998. The joint venture may be terminated under several circumstances described in the agreement, including a material breach of the agreement by either party, the insolvency of either IDT or Mr. Gomez or the occurrence of a bona fide dispute between the parties with respect to a material matter occurring during the first two years of operation of the company. In the event of a bona fide dispute, our ownership interests in Union Telecard could be transferred to Mr. Gomez for all or a portion of our purchase price. We can provide no assurance that we will continue to effectively distribute these cards if Union Telecard does not distribute them effectively, or if the agreement is terminated by either party.

To: StockDung who wrote (10114)	6/24/1999 10:33:00 PM
From: xcr600	Respond to of 18998

Here is a Carlos Gomez in hot water, not sure if the same one. (Very common name ) EX-CITI EXEC IS CHARGED WITH FRAUD By AL GUART A former Citibank vice-president was charged yesterday with embezzling $10 million by obtaining fraudulent loans and spending the money on pricey artwork. Carlos Gomez, 39, of Manhattan, was charged with fraud for taking out two $5 million loans in 1991 under an alias and under the name of an unwitting bank customer, a criminal complaint filed in Manhattan federal court charged. Gomez who resigned from the bank in December 1997, opened accounts under the assumed names and prepared fraudulent security agreements to back the loans, the complaint alleged. The loans were granted in 1993, and the money shifted to bank accounts in England and the Bahamas. It was used to secure another $9 million in loans that ended up in offshore private investment firms controlled by Gomez, the complaint charged. Money from yet another Citibank client's account under Gomez's control was used to pay interest on the loans, the complaint alleged. Gomez used $156,000 of the money to buy a bronze sculpture called "Friendly Evidence" from an art gallery, the complaint charged. Earlier this week, Citibank filed suit in Manhattan Supreme Court charging Gomez with fraud and seeking to have his assets frozen. The bank cited "works of art, jewelry and antiques" as potential items Gomez bought with the money. The suit also sought records from several banks and from Christie's auction house. Gomez is expected to plead guilty to the charges and was released on $1 million bond. He faces up to 30 years in prison and $1 million in fines. 208.248.87.252

To: StockDung who wrote (10114)	6/24/1999 11:02:00 PM
From: Mr. Pink	Respond to of 18998

That's the one, Truthseeker, you seem to be onto something...Could you find anything out about Mr. Gomez' background? MP

To: StockDung who wrote (10114)	6/25/1999 11:10:00 AM
From: Cube	Respond to of 18998

Floyd, <CUST> Today on CNBC they mentioned this POS. They said that CUST started out as a music play on the internet, and that didn't work out. Now they're considering a name change and a focus change to internet security, even though they have no experience at it. Does this sound like the Diana/Coyote story or what!!!!! Meat packing company to internet, to internet switches - all of them failures. I think CUST is the next long death march to zero with a new scam every step of the way. Thoughts? Cube