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To: Ironyman who wrote (44888)	11/12/1999 7:47:00 AM
From: Alex	Read Replies (1) \| Respond to of 116972

72 bil. yen missing in Princeton bond case: paper ------------------------------------------------------------------------ The U.S. Securities and Exchange Commission (SEC) has located only 8.2 billion yen ($78 million) of about 120 billion yen ($1.14 billion) invested by some 70 Japanese companies in so-called Princeton bonds, with 72.2 billion yen unaccounted for, the Yomiuri Shimbun said Friday. According to SEC documents obtained by the paper, Martin Armstrong, chairman of U.S. fund management group Princeton Economics International Ltd. (PEI), which issued the bonds, spent the dollar equivalent of 39.6 billion yen -- 38.5 billion yen to make up for his own investment losses and 1.1 billion yen to buy antiques, postage stamps and coins.