To: rogermci® who wrote (42525 ) 8/16/1999 9:56:00 PM From: Anthony@Pacific Read Replies (2) | Respond to of 122087
UPCA<--------UPDATE.......Murderer Defrauds Public!! A@P private site played a big role in this Scam and helped in bringing immediate attention to this criminally run manipulation!! Story 13 / 20: 99 <GO> for list of story options. Equity T N I Page 1 / 3 DJN =DJ SEC - Uniprime -3: False Claims On Web Site Alleged Aug 13 1999 12:12 Flores was also arrested Thursday and charged with securities fraud after a complaint filed Aug. 9 was unsealed, according to a release from the U.S. Attorney for the Southern District of New York. Flores, 49, of Las Vegas, faces a maximum sentence of 10 years and a fine of $1 million or twice the gross gain or loss resulting from the alleged fraud, the release said. Flores carried out a scheme to defraud investors using false or misleading information distributed through Uniprime press releases and posted on the company's Web site, the complaint said. Investigators found that Flores was in prison when he claimed to have been in Europe conducting research on AIDS and did not attend the University of Colorado or the University of Madrid as he claimed, according to the complaint. One Spanish patient identified by Uniprime as having been treated with Flores' AIDS cure told an SEC investigator that he had not received that treatment or ever met Flores, the complaint alleges. Authorities moves against Flores and Uniprime left investors uncertain about their status. "What's that do for a guy like me?" said an investor in Kansas, who spoke on condition that he not be identified by name. He told Dow Jones Newswires that after seeing what he thought might be a once-in-a-lifetime opportunity, he had bought 10,000 shares of Uniprime at $4.95 each. The SEC's earlier decision to suspend trading in Unprime left him "sitting on a dead horse," he said. Andrew Geist, associate director of the SEC's Northeast region office, said that the SEC is seeking a permanent order that would require Flores and Uniprime to pay back any illegal profits they have made. While it is uncertain how much might be recovered, typically that money would be put into a fund from which anyone claiming to have been harmed by the alleged fraud could seek compensation, he said. -By Rick Jurgens; 602-258-2003; richard.jurgens@cor.dowjones.com (END) DOW JONES NEWS 08-13-99 03:12 PM- - 03 12 PM EDT 08-13-99