To: afrayem onigwecher who wrote (4085 ) 11/25/2000 5:16:05 PM From: StockDung Respond to of 6847 "and Xybernaut Corporation (collectively referred to as the "Manipulated Securities")." whafh.com "Bear Stearns's relationship with some of the introducing brokers commenced as early as December 1992. The Introducing Brokers, as of the time they associated themselves with Bear Stearns, were sometimes known in the securities industry as "bucket shops" or "chop shops." The Introducing Brokers included, but were not limited to: Corporate Securities Inc.; First Cambridge Securities Corp. (defunct); Hillcrest Financial Corp., a/k/a HFC Capital Corp. (defunct); Josephthal, Lyon & Ross, Inc.; Kensington Wells Incorporated (defunct); Lew Lieberbaum & Co. (defunct); Meyers Pollock Robbins, Inc. (defunct); Noble International Investments, Inc.; Paragon Capital; PCM Securities (defunct); A.R. Baron & Co., Inc. (defunct); D. Blech & Co. (defunct); Rooney-Pace Inc. (defunct); Stratton-Oakmont, Inc. (defunct); and Sterling Foster & Co. (defunct)(collectively, the "Introducing Brokers"). The Introducing Brokers engaged in a pattern of fraudulent conduct with regard to the Manipulated Securities. Bear Stearns, as clearing broker to the Introducing Brokers, knew or recklessly disregarded that the Introducing Brokers were engaged in a concerted course of conduct designed to defraud investors and violate the federal securities laws. Bear Stearns recklessly or consciously joined with each of the Introducing Brokers in defrauding plaintiffs and the Class in order to collect huge fees for performing clearing services for the Introducing Brokers as well as to gain enormous profits from transactions with the Introducing Brokers as more fully set out below. This massive fraud focused on the Manipulated Securities, which included, but were not limited to: Advanced Surgical Inc.; Advanced Voice Technologies, Inc.; Applewoods Inc.; Apogee Robotics, Inc.; Aquanatural Pharmaceuticals Corp.; Ariad Pharmaceuticals Corp.; BioSepra, Inc.; Bristol Technology Systems, Inc.; Chemex Pharmaceuticals Inc.; Children's Wonderland, Inc.; Com/Tech Communication Technologies Inc.; Cypros Pharmaceuticals Corp.; Dollar Time Group, Inc.; DNA Plant Technology Inc.; Ecogen, Inc.; Embryo Development Corporation; Envirogen Corp.; Envro, Inc.; Eastco Industrial Safety, Co.; First Team Sports Inc.; Genemedicine, Inc.; Globus Group, Inc.; Guilford Pharmaceuticals Inc.; Gum Tech International Inc.; Hauppauge Digital Inc.; Help At Home Inc.; HemaSure, Inc.; ICOS Corp.; IFS International Inc.; Innovir Laboratories, Inc.; Intelligent Surgical Lasers, Inc.; Iatros Health Network Inc.; Krantor, Corp.; Kushner- Locke, Company; Kitchen Bazaar, Inc.; LaJolla Pharmaceutical Co.; Lasergate Systems, Inc.; Liposome Technology Inc.; LXR Biotechnology Corp.; ML Direct Inc.; Microprobe Corp.; Ministor Peripherals, Inc.; Neoprobe Corp.; NeoRx Corp.; Neurogen Corp.; New Vision Technology Corp.; Nu-tech Bio-Med Inc.; Pacific Animation Imaging Corp., later known as Strategic Solutions Group; Paperclip Imaging Software Inc.; Paramark Enterprises, Inc.; Symbollin, Inc.; Pharmos Corp.; Procept Inc.; Retrospettvia Inc.; Texas Biotechnology Corp.; Universal Automotive Industries, Inc.; Voxtel Advanced Mammography Systems Inc.; Videolan Technologies, Inc.; XeChem International, Inc.; and Xybernaut Corporation (collectively referred to as the "Manipulated Securities")." whafh.com