Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: Tim Luke who wrote (56674)	9/2/1999 9:42:00 AM
From: kathyh	Respond to of 90042

PairGain to plead guilty, pay penalty By Bloomberg News Special to CNET News.com September 2, 1999, 4:00 a.m. PT PairGain Technologies, a U.S. phone-equipment maker, has reached a preliminary agreement to plead guilty to charges of improper financial record keeping and pay a $1.4 million penalty over its disclosure of transactions with money managers S. Jay Goldinger and Capital Insight, according to reports. The agreement caps the first criminal prosecution arising from the collapse of Capital Insight, the Wall Street Journal reported, citing people familiar with the investigation. Details of the agreement are expected to be announced within the next few weeks, the Journal said. Capital Insight lost about $100 million of client funds, including $15.8 million belonging to PairGain, according to a Securities and Exchange Commission filing May 18. Copyright 1999, Bloomberg L.P. All Rights Reserved. See Story in Context FREE Newsletter sample > -------------------------------------------------------------------------------- Message Boards See Story in Context Search