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Microcap & Penny Stocks : GIFS -- Ignore unavailable to you. Want to Upgrade?

To: Arcane Lore who wrote (7866)	11/6/1999 6:09:00 AM
From: tonto	Respond to of 8012

THIS is how the market shall be enforced? Rehtorik is very responsible for the GIFS scam and eventual forced liquidation, the tremendous loss of investors dollars... THAT cannot even be considered a slap on the wrist. THAT action shall not send a message to others that they must be honest individuals. It sends the opposite... A further explanation is deserved. COMMISSION SETTLES PUBLIC ADMINISTRATIVE PROCEEDINGS AGAINST MICHAEL REHTORIK On November 4, the Commission instituted and simultaneously settled public administrative proceedings, pursuant to Section 15(b) of the Securities Exchange Act of 1934 (Exchange Act), against Michael W. Rehtorik (Rehtorik). In the Order, the Commission barred Rehtorik from participating in any offering of penny stock. The Order finds that on October 22, 1999, the U.S. District Court for the Eastern District of Tennessee permanently enjoined Rehtorik, by consent, from further violations of Section 17(a) of the Securities Act of 1933 and Section 10(b) of the Exchange Act and Rule 10b-5 thereunder. The permanent injunction followed a civil action initiated by a complaint filed by the Commission on September 23, 1998, alleging that Rehtorik, the Managing Director and Director of Strategies and Investor Relations for Genesis International Financial Services, Inc. (Genesis) promoted the stock of Genesis through fraudulent Commission filings and company press releases. The complaint further alleges that once the price of the stock had been inflated artificially through his efforts, Rehtorik and others sold Genesis stock through nominee accounts, then booked a portion of the proceeds as income to Genesis. (Rel. 34-42097; File No. 3-10090) sec.gov

To: Arcane Lore who wrote (7866)	11/6/1999 6:37:00 AM
From: tonto	Read Replies (1) \| Respond to of 8012

This office may be a starting point. Shareholders should get the name of the state agent responsible for this crime. nashville.org THE DISTRICT ATTORNEY GENERAL "He is to judge between THE PEOPLE and the government; he is to be THE SAFEGUARD of the one and the advocate for the rights of the other; he ought not to suffer the innocent to be oppressed or vexatiously harassed, anymore than those who deserve prosecution to escape; HE IS TO PURSUE GUILT; he is to protect innocence; he is to judge the circumstances, and, according to their true complexion, to combine the public welfare and the safety of the citizens, preserving both, and not impairing either; he is to decline the use of individual passions, and individual malevolence, when he cannot use them for the advantage of the public; he is to lay hold of them where public justice, in sound discretion, requires it." Catherine Fout vs. State of Tennessee, 4 Tenn. 98 (1816) --------------------------------------------------------------------------------