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Microcap & Penny Stocks : HITSGALORE.COM (HITT) -- Ignore unavailable to you. Want to Upgrade?

To: zonkie who wrote (4740)	11/24/1999 9:44:00 PM
From: KLN	Read Replies (2) \| Respond to of 7056

Speaking of turkeys (ie HITT) - Happy Thanksgiving to all. KLN

To: zonkie who wrote (4740)	11/26/1999 1:36:00 PM
From: TideGlider	Respond to of 7056

In Texas, a former Sunday school teacher is being sought by the FBI on charges that he swindled at least 33 people, many of them church members, out of more than $1 million. According to Texas officials, the suspect victimized members of a church, who like him, were immigrants from India. The suspect allegedly got money from investors to buy nationally known stocks and then stashed the cash in their personal bank and brokerage accounts. In Wisconsin, one scam artist is charged with securities fraud involving a scheme in which he was allegedly going to create a local minority-owned and operated telephone company. To raise money for this venture, the promoter targeted members of the Milwaukee inner city, often going through local churches to reach parishioners. Hundreds of Milwaukee residents are believed to have invested. They were told that they would make money on the operations of the company and through a future public offering. Soon after the money was raised the company, Intra Community Communications, filed for bankruptcy protection. In Indiana, state securities regulators say elderly investors were duped into buying bogus promissory notesby three men, two insurance agents and an investment adviser, who often got on their knees and prayed with their victims to gain their trust. In Alabama this year, the court sentenced a defendant to 30 years for bilking 30 retirement age investors out of nearly $6 million. At the sentencing hearing, the judge received many letters about the defendant, a former financial consultant. Many victims, the judge said, were drawn to the defendant because he was charismatic and had “Christian values.”