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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: Anthony@Pacific who wrote (51637)	2/11/2000 12:30:00 AM
From: Anthony@Pacific	Respond to of 122087

JImmy Villa <------The scumbag who lied on my U-5 finally gets nailed!!! ( He sent us flowers & toys to me when My son was born in Sept 91....I threw his gifts in the garbage, since I had threatened to expose his san Diego's office manager in a huge scheme ( Glen Busch..friend of Michael Manning )...I resigned 5 weeks later..Unfortunately I ran into Armstrong....out of the pot into the fire.... BN H.J. Meyers' Ex-Officials Charged by SEC With Falsifying Papers Feb 8 2000 13:36 H.J. Meyers' Ex-Officials Charged by SEC With Falsifying Papers Washington, Feb. 8 (Bloomberg) -- Senior executives at the defunct H.J. Meyers & Co. brokerage falsified documents to hide net capital deficiencies of as much as $4.5 million and illegally made $877,000 by manipulating a stock, the Securities and Exchange Commission alleged. The SEC contended that H.J. Meyers owner James A. Villa and the firm's chief financial officer, James C. Witzel, backdated documents to record fund receipts before they were actually received. They also fabricated journal entries to conceal a loan liability, the agency alleged. The commission also charged that three H.J. Meyers executives, including executive vice president Robert Setteducati, illegally made $877,000 by manipulating Borealis Technology Corp.'s stock. Villa was charged with failure to supervise these subordinates. Villa, 42, of Boca Raton, Florida, plans to contest the charges. ``We don't believe the allegations in these charges are true,' said Villa's lawyer, Charles I. Cohen of Boca Raton. The attorney for Witzel, 46, of Pittsford, New York, couldn't be reached. Setteducati, 37, of Brick, New Jersey, couldn't be reached. Borealis, a software developer that has since changed its name to Portivity Inc., wasn't charged with any wrongdoing. H.J. Meyers, based in Rochester, New York, was expelled from the securities industry by the National Association of Securities Dealers in March 1999 following a history of disciplinary violations. The firm and many of its employees were ordered by the NASD in 1996 to pay $500,000 in fines and $1 million in investor refunds for allegedly overcharging 3,000 customers by as much as 50 percent. The 14-year-old firm, which had about 450 brokers in 16 U.S. offices as of January 1998, also was charged by the SEC today. It was acquired by Rochester-based Thomas James Associates, which had been owned by Villa, in March 1995, and continued operations under Meyers' name. Villa, now a consultant to several companies in which he has a financial stake, has filed to reorganize his personal finances under Chapter 11 bankruptcy proceedings, his attorney, Cohen, said. The former H.J. Meyers owner has assets of between $1 million and $10 million, though more than a dozen claims are pending against him from investors and businesses, the lawyer said. --Neil Roland in Washington (202) 624-1868/bd Story illustration: For graph of Portivity's stock: BRLS US <Equity> GPO Bye Bye Scumbags.....