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Microcap & Penny Stocks : PanAmerican BanCorp (PABN) -- Ignore unavailable to you. Want to Upgrade?

To: Lucky Charm who wrote (43095)	2/15/2000 10:44:00 PM
From: wlcnyc	Respond to of 43774

"Heart" and "Mind" can coexist......the problems begin when EGO is thrown into the mix! Bill

To: Lucky Charm who wrote (43095)	2/17/2000 6:56:00 AM
From: ColleenB	Read Replies (1) \| Respond to of 43774

SEC:Wellness Universe Ran Internet 'Pump-And-Dump' Scheme By COLLEEN DEBAISE NEW YORK -- Days after suspending trading in Wellness Universe Corp. (WELU), the Securites and Exchnage Commission sued the Minneapolis company for allegedly running a "pump and dump" scheme over the Internet. The suit, filed Wednesday in Manhattan federal court, contends that Wellness and its chief executive, George Pappas, tried to inflate Wellness' stock price by posting phony press releases on the Internet about a related entity, Synpan Corp. Among other things, the press releases claimed that Synpan planned to conduct a $1 billion initial public offering of its stock; to buy an Internet business for $500 million; and to hire an experienced executive to operate its Internet business, according to the suit. The agency said the press releases, posted on Synpan's corporate Web site, Yahoo! Inc. (YHOO) and PR Newswire, had been "designed to convince potential investors that Synpan and Wellness will soon be combined in a billion-dollar, Internet-based, health-related business." Those false claims caused Wellness' bulletin board stock to rise from 10 cents a share in December to over $1 earlier this month, the SEC contends. The agency, which has suspended trading in Wellness' stock until Feb. 25, seeks a court order freezing the company's assets and requiring the defendants to turn over ill-gotten profits. Besides Wellness, Synpan and Pappas, the suit also names various members of the Pappas family and others involved in the business. The SEC said Pappas and his family control at least 82.9 million Wellness shares. A phone call to Pappas' New York office wasn't immediately returned. Several Synpan press releases distributed by PR Newswire in the past few weeks depict Pappas as sort of a New Age guru-turned-chief executive. In one release announcing the launch of a poetic guide, Pappas is quoted as saying "Challenged by my vision to reclaim our creative power to construct or destruct, I invite you to join my quest to heal ourselves and the planet and amplify my message, 'God is the only pharmacy in town."' -Colleen DeBaise, Dow Jones Newswires, 212-227-2017, djnewsplus.com