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To: lorne who wrote (46374)	12/29/1999 9:41:00 AM
From: lorne	Read Replies (1) \| Respond to of 116995

OT. Why is the Navy home? TUESDAY DECEMBER 28 1999 worldnetdaily.com

To: lorne who wrote (46374)	12/30/1999 8:19:00 AM
From: long-gone	Respond to of 116995

$5 million & counting Y2K Bug Triggers Credit Card Snafu By CAROLINE BYRNE Associated Press Writer LONDON (AP) - Thousands of British bargain hunters were stranded at the cash register after their credit cards were improperly rejected by store swipe machines infected with the millennium bug - one of the most serious Y2K glitches to date. Some 20,000 credit card machines malfunctioned Wednesday, causing delays and disorder across Britain during the post-Christmas crush. Retailers claimed they have lost $5 million in sales and were reportedly threatening to bring a class action lawsuit against HSBC, one of Britain's largest four banks and the largest supplier of the machines.(cont) dailynews.yahoo.com

To: lorne who wrote (46374)	12/30/1999 12:24:00 PM
From: Alex	Read Replies (2) \| Respond to of 116995

Princeton moved 1.35 mil. dollars before court seized assets Yomiuri Shimbun The head of the U.S.-based Princeton investment management group funneled a total of 1.35 million dollars (145 million yen) of company funds into three law firms as retainers immediately before a court ordered seizure of the company's assets, it has been learned. According to a U.S. trustee group's investigation, Princeton Chairman Martin Armstrong also instructed the company's senior employees to erase transaction records in the company's computers just before the company was raided by U.S. authorities. The 50-year-old chairman has been indicted by U.S. authorities on securities fraud and other charges in connection with the group's sale of Princeton bonds to foreign investors. Armstrong allegedly transferred money from kickbacks to a bank account held by Naoki Kumagai, 69, former vice president of Yakult Honsha Co., who purchased bonds from the group and has been indicted on tax evasion and other charges. According to the U.S. authorities, on Aug. 27, Armstrong instructed a subordinate to back up records of Princeton bond transactions onto floppy disks and then delete the original data from the company computers before authorities raided Princeton Economic International Ltd. (PEI) on Sept. 1. Armstrong is also said to have ordered Princeton employees to put client information lists sent from Cresvale International Ltd., its Tokyo branch that sold Princeton bonds to Japanese companies, in cardboard boxes and to take them to another office. The authorities have yet to find the cardboard boxes. Cresvale, a subsidiary of PEI, filed Dec. 21 with the Tokyo District Court for voluntary bankruptcy of its Tokyo branch. The branch's operations have been suspended in accordance with a Financial Supervisory Agency order. Armstrong asked three law offices to defend him sometime between Sept. 1 and 13 when a federal district court in New York ordered the seizure of his company's assets. On Sept. 13--a few hours prior to the court order--Armstrong paid 740,000 dollars as a retainer to one of the law offices. Retainers totaling 1.35 million dollars were paid out from PEI and an affiliate's bank accounts. The U.S. trustee group asked the three law firms to return the retainers because the fees might have been part of funds that were originally invested by 70 Japanese firms. Copyright 1999 The Yomiuri Shimbun yomiuri.co.jp