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To: lorne who wrote (47258)	1/18/2000 8:20:00 PM
From: Alex	Read Replies (1) \| Respond to of 116762

Dutch central bank sold gold worth 100 mln euros in week Jan 14 Amsterdam--Jan 18--The Dutch central bank sold 100-million-euros worth of gold in the week to Jan 14, or 11 tonnes, it said Tuesday with the release of its weekly balance sheet. (Story .18249) crbindex.com

To: lorne who wrote (47258)	1/18/2000 8:45:00 PM
From: long-gone	Respond to of 116762

more fraud: Tuesday January 18, 1:57 pm Eastern Time Financier Martin Frankel Indicted HAMBURG, Germany (AP) -- Martin Frankel, the financier awaiting extradition to the United States for allegedly bilking more than $200 million from U.S. insurance companies, was indicted Tuesday by German prosecutors for possessing phony passports. A spokesman for the Hamburg prosecutors' office, Ruediger Bagger, said the relatively minor charges in Germany would not prevent Frankel from being returned if Washington's extradition request receives final approval from the state court and federal government. Bagger declined to speculate on when a decision might be made. Frankel has been held in Hamburg since his arrest Sept. 4 ended a four-month international manhunt. U.S. prosecutors charge he ran an enterprise that bought insurance companies in five states and used their cash reserves to purchase mansions, cars, diamonds and gold.(cont) biz.yahoo.com

To: lorne who wrote (47258)	5/15/2002 1:39:45 PM
From: long-gone	Respond to of 116762

Frankel Decides to Plead Guilty Wed May 15,10:48 AM ET By DIANE SCARPONI, Associated Press Writer NEW HAVEN, Conn. (AP) - Martin Frankel, the former financier accused of bilking over $200 million from insurance companies in five states, has decided to plead guilty, his lawyer said. Photos AP Photo Jeremiah Donovan on Wednesday confirmed a report in The Wall Street Journal that Frankel would plead guilty to racketeering, conspiracy, securities fraud and wire fraud. A hearing was set for Wednesday afternoon in U.S. District Court. Donovan refused to discuss details of the plea agreement, but said it involves only Frankel and not the four co-conspirators who also are charged in the insurance theft scheme. "It's unknown whether Frankel's plea will have anything to do with their decision to plead or not," he said. Frankel had faced the possibility of life in prison if convicted at trial. Frankel was accused of gaining control of small insurance companies in Arkansas, Mississippi, Missouri, Oklahoma and Tennessee — and stealing cash from the company reserves during the 1990s. He ran the insurance empire from the wealthy Connecticut town of Greenwich and spent the money on private planes, luxury cars, expensive wines and gifts for women he met through personals ads and other means. He fled the country in May 1999, as Mississippi insurance regulators began investigating. Four months later, after an international manhunt, Frankel was discovered in a hotel room in Hamburg, Germany, with nine fake passports and 547 diamonds. He was extradited to the United States in March 2001. The accused co-conspirators include two aides, Mona Kim and Sonia Howe, and accountant Gary Atnip. Another aide, German national Kaethe Schuchter, is wanted by the FBI (news - web sites). An Italian monsignor with ties to the Vatican (news - web sites) is also accused of trying to use his connections to launder stolen insurance company money through a bogus charity Frankel set up. Msgr. Emilio Colagiovanni is charged with wire fraud and conspiracy to commit money laundering. Under an agreement with prosecutors, he is being detained in the United States and is living with a cousin in Ohio. State insurance regulators are seeking more than $600 million in damages from Frankel in civil cases, and they have sued the Vatican, alleging the church was involved in Frankel's schemes. The federal lawsuit, filed last week by the commissioners of Mississippi, Tennessee, Missouri, Oklahoma and Arkansas, accuses the Vatican and Colagiovanni of racketeering and fraud. The Vatican has denied any involvement in the scheme. Vatican spokesman Joaquin Navarro-Valls said Wednesday that at the time of the alleged scheme, Colagiovanni was a retired priest no longer holding any Vatican office and was acting "as a private Italian citizen." story.news.yahoo.com