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

To: Q. who wrote (4896)	1/12/2000 12:26:00 AM
From: Q.	Read Replies (2) \| Respond to of 7056

Three Guilty In Boiler-room Scheme A federal jury convicted three men Tuesday of fraud in connection with what federal agents described as a boiler-room scheme that enticed people with promises of free, low-interest credit cards. Dennis Klibanoff, Donovan Lehman and Richard Williams will be sentenced on June 15 in Miami. The case against a fourth defendant, Jaimin Shah, was dropped midway through the trial for lack of evidence. Secret Service agents said the scam led consumers to believe they were getting a Visa or MasterCard with an 11.88 percent interest rate. But after customers paid a fee, agents said, they were sent worthless financial pamphlets and a list of banks instead. Defense attorneys defended the operation as legitimate, noting that customers were protected by a money-back guarantee. Copyright ¸ Palm Beach Newspapers, Inc., 1993 Three Guilty In Boiler-room Scheme., 04-14-1993.