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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: Jim Bishop who wrote (51251)	6/14/2000 11:12:00 AM
From: StocksDATsoar	Read Replies (1) \| Respond to of 150070

BIFS...WEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE Message 13881439 MAYTHEBUBBATHESTOCKGODFORCEBEWUTHYOU!

To: Jim Bishop who wrote (51251)	6/14/2000 11:17:00 AM
From: StocksDATsoar	Read Replies (1) \| Respond to of 150070

Largest Stock Fraud Case Involves Mob, Fast Food Chain Execs Schemes Resulted in Losses of More Than $50 Million Reuters NEW YORK (June 14) - Members of five organized crime families and two officers of the Ranch+1 restaurant chain were among 120 people charged on Wednesday in what authorities said is the largest number of people ever arrested at one time for securities fraud. The defendants are accused of participating in nationwide stock fraud schemes that resulted in total losses of more than $50 million. Federal authorities said many tens of millions of dollars more would have been lost had the schemes been completed. A spokesman for the Manhattan U.S. Attorneys office said that authorities were in the process of arresting the defendants, many of whom are already in custody. The defendants were named in 16 indictments and seven criminal complaints unsealed in Manhattan federal court. The security fraud charges involve publicly traded stock of 19 companies and the private placement of securities of 16 other companies. Among the defendants are Sebastian Rametta and James Chickara, officers of the Ranch+1 fast food chain, who are alleged in the court papers to be associates of the Colombo Crime family. The long list of defendants also include a former New York Police department detective, 57 licensed and unlicensed stock brokers, three recruiters of corrupt brokers, 12 stock promoters, 30 officers or other ``insiders'' of companies issuing securities involved in the fraud, an investment adviser and a hedge fund manager. 10:39 06-14-00