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.

Microcap & Penny Stocks : Zia Sun(zsun) -- Ignore unavailable to you. Want to Upgrade?

To: who cares? who wrote (4829)	10/10/1999 10:14:00 PM
From: StockDung	Respond to of 10354

ZiaSun Technologies is a profitable Internet holding company that posted $2.3 million in Q2FY99 earnings on $9.0 million in revenues. The Company is targeting the fastest growing online population segment (Asian and European users) through a complementary group of profitable subsidiaries operating in online commerce, financial services, auctions, and other explosive industry sectors. Some of ZSUN's exciting business units include the only online trading website to provide access to five of the world's largest stock markets and the world's leading online investment education firm. ZiaSun represents a unique investment opportunity given that the Company is profitable, its shares are not inflated like much of its sector, and its subsidiaries all show the potential to either be sold or spun off. Further improvements to ZSUN shareholder value are anticipated given continued market expansion and the firm's pending application for a NASDAQ SmallCap Market listing. For more information, contact: Mark Harris, VP of Investor Relations Geoff Eiten ZiaSun Technologies OTC Financial Network (858) 350-4060 (800) 230-3519 / (781) 444-6100 ext. 13 mark@pinmail.com geiten@otcfn.com Disclaimer

To: who cares? who wrote (4829)	10/10/1999 10:27:00 PM
From: StockDung	Respond to of 10354

Online Investment Newsletters sec.gov Hundreds of online investment newsletters have appeared on the Internet in recent years. Many offer investors seemingly unbiased information free of charge about featured companies or recommending "stock picks of the month." While legitimate online newsletters can help investors gather valuable information, some online newsletters are tools for fraud. Some companies pay the people who write online newsletters cash or securities to "tout" or recommend their stocks. While this isn't illegal, the federal securities laws require the newsletters to disclose who paid them, the amount, and the type of payment. But many fraudsters fail to do so. Instead, they'll lie about the payments they received, their independence, their so-called research, and their track records. Their newsletters masquerade as sources of unbiased information, when in fact they stand to profit handsomely if they convince investors to buy or sell particular stocks. Some online newsletters falsely claim to independently research the stocks they profile. Others spread false information or promote worthless stocks. The most notorious sometimes "scalp" the stocks they hype, driving up the price of the stock with their baseless recommendations and then selling their own holdings at high prices and high profits. To learn how to separate the good from the bad, read our tips for checking out newsletters.

To: who cares? who wrote (4829)	10/10/1999 10:38:00 PM
From: StockDung	Respond to of 10354

The Systems of Excellence case is the biggest known case of Internet stock-touting fraud in terms of illegal profits. The SEC said Kraft, who is the fifth individual to plead guilty to felony charges stemming from the case, directed the manipulation scheme. A former Jersey City stockbroker accused of orchestrating a widespread scheme to manipulate Systems of Excellence Inc. stock pleaded guilty Wednesday to accepting $1.4 million in bribes and agreed to pay $1.1 million in restitution. Sheldon Kraft, who used to work for New York-based Commonwealth & Associates and Jersey City-based M. H. Meyerson & Co., pleaded guilty in federal court in Alexandria, Va., to fraud, money laundering, and failure to file tax returns. Federal prosecutors said Kraft concealed former Systems of Excellence Chairman Charles Huttoe's illegal profits and accepted bribes and free shares from Huttoe. Kraft also settled civil charges the Securities and Exchange Commission filed in federal court in Washington. Without admitting the SEC allegations, Kraft agreed to pay $1.1 million for profits the agency said he gained by manipulating Systems of Excellence stock. The Systems of Excellence case is the biggest known case of Internet stock-touting fraud in terms of illegal profits. The SEC said Kraft, who is the fifth individual to plead guilty to felony charges stemming from the case, directed the manipulation scheme. U.S. Attorney Helen F. Fahey said the action against Kraft "should be a clear message to certain corporate officials and stock promoters that law enforcement efforts will be aimed at the widespread bribing of stockbrokers in order to protect unsuspecting investors." Kraft, 46, faces a maximum of five years in prison and a $250,000 fine. Huttoe was sentenced in January 1997 to 46 months in prison for making $12 million in illegal profits from a stock-touting scheme that included paying an Internet newsletter to promote Systems of Excellence shares. U.S. District Judge Claude M. Hilton scheduled Kraft's sentencing for April 24. Kraft's New York attorney could not be reached for comment. Justice Department prosecutors accused Kraft of collaborating with Huttoe to create market interest in Systems of Excellence, a video teleconferencing company known by its ticker symbol, SEXI, and thereby causing the company's stock price to rise. From January 1995 through July 1996, Kraft allegedly accepted from Huttoe $1.4 million plus free Systems of Excellence shares in exchange for encouraging certain public relations companies and other brokers to "strongly recommend" the company's stock. The SEC alleged Kraft received a total of $3.2 million in illegal profits from his role in the scheme. Kraft also failed to file federal income tax returns for 1992 through 1994, even though he earned income from the salary he received as a stockbroker and capital gains from the sale of stocks, prosecutors alleged. (Copyright 1998) ©1998 UMI Company; All Rights Reserved. Only fair use, as provided by the United States copyright law, is permitted. UMI Company makes no warranty regarding the accuracy, completeness or timelines of the Publications or the records they contain, or any warranty, express or implied, including any warranty of merchantability or fitness for a particular purpose, and shall not be liable for damages of any kind or lost profits or other claims related to them or their use. You may now print or save this document.