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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: MythMan who wrote (61565)	9/13/1999 9:11:00 PM
From: Lucretius	Read Replies (1) \| Respond to of 86076

f*ck you more (BG) look at this.... this clown is mega short gold AND silver..... Top Financial News Mon, 13 Sep 1999, 9:01pm EDT Princeton Economics Director Armstrong Charged With Cheating Japan Clients By Seena Simon Princeton Economics Director Charged in Multi-Billion Fraud New York, Sept. 13 (Bloomberg) -- An officer of Princeton Economics International Inc., a money-management firm, has been arrested and charged with cheating Japanese investors in a multi- billion-dollar ponzi scheme that was allegedly aided by a top executive of Republic New York Securities Corp., prosecutors said. Princeton Economics director Martin Armstrong cheated Japanese clients of the firm, which sold more than $3 billion of notes, U.S. prosecutors charged. Of that money, about $1 billion is still owed to investors of Princeton Economics, according to a criminal complaint filed in federal court in New York. The president of Republic New York Securities' futures division at the time of the alleged wrongdoing provided Armstrong with false confirmation letters purporting to show that the clients' investments were worth far more than they actually were, prosecutors alleged. The charges didn't name the Republic executive. Princeton, New Jersey-based Princeton Economics and its units maintained Princeton Economics investors' accounts at Republic New York Securities, the charges said. Republic Securities and its parent company Republic New York Corp., weren't charged, according to the U.S. Attorney's Office in New York. Armstrong, Princeton Economics, and another company Armstrong controlled -- Princeton Global Management Ltd. -- were also sued for fraud by the U.S. Securities and Exchange Commission.