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Microcap & Penny Stocks : Zia Sun(zsun) -- Ignore unavailable to you. Want to Upgrade?

To: Sir Auric Goldfinger who wrote (8565)	6/27/2000 9:08:00 AM
From: StockDung	Read Replies (1) \| Respond to of 10354

INTERVIEW-Expert warns of money laundering on Internet By Melanie Cheary FRANKFURT, June 27 (Reuters) - The Internet offers fresh opportunities for criminals to launder dirty money through e-business, a fraud prevention expert warned on Tuesday. Rowan Bosworth-Davies, a former London detective, praised the OECD and G7's recent campaign against tax havens launched with the publication of blacklists of financial centres deemed genial to ``hot money.'' But he told Reuters in an interview that e-business offered ``laundrymen'' new cover and easier passage. The Organisation for Economic Cooperation and Development on Monday named 35 territories, from Europe to the Caribbean and South Pacific, guilty of providing tax dodgers with bank accounts and a no-questions-asked policy on the origin of money. The OECD has warned of sanctions a year from now if these havens fail to change their ways. ``It is inevitable that the OECD had to do this. There is too little support given by financial organisations to prevent money laundering,'' Bosworth-Davies said ahead of an international conference on money laundering opening in Frankfurt on Tuesday. ``The OECD and FATF see the bigger picture -- this is not just about crime. Al Capone was nailed by a taxman,'' he said, adding that the outcry from a number of countries fingered by these organisations could see some taxation changes soon. The G7's Financial Action Task Force (FATF) last week published its own blacklist of 15 tax havens it considered uncooperative in the fight against money laundering. But information technology and the Internet have compounded the problem and call for software that can spot dirty money on the anonymous and global cyberwaves. This issue was to be addressed at the money laundering conference opening in Frankfurt on Tuesday, hosted by the International Bankers Forum and computer services supplier Unisys Corp. KNOW YOUR CUSTOMER AND YOUR CRIMINAL When business was personal and bankers met clients, vetting of depositors offered some measure of security and a starting point for those fighting money laundering and fraud with only tax havens providing anonymity thanks to their legislation. Now, however, the speed and ease of electronic banking and global online trading cloud transactions and offer legitimate financial opportunities for the honest and dishonest alike. ``In e-business there is a big problem in identifying who the customer is. The Internet brings a greater degree of risk,'' said Bosworth-Davies, who is the special consultant of Unisys on anti-laundering software. ``Financial markets have always offered an easy way to launder money. Buy shares, sell at a loss. Money laundering does not seek to be profitable,'' he said. He emphasised the need for software which can monitor banking transactions in order to identify suspicious movements of money. TAXATION IS THE KEY The OECD classifies tax havens as those with nominal or no taxes and which either openly or implicitly sell themselves as a place where foreigners can avoid any awkward questions or risk of information on their investments being disclosed. ``Criminal money will always follow the tax route. Tax channels offer quasi respectability. Dirty money follows these channels too and nobody has the ability to differentiate. The issue is as much to do with tax,'' Bosworth-Davies said. A striking feature of the OECD's list of 35 tax havens was the large number of islands linked to Britain which has raised eyebrows about the protection of dirty backyards. While Bosworth-Davies said the British government had done all it could to encourage its dependencies to fight money enforce tax laws, he admitted that little had been achieved so far. ``It would be hard to think of a reason why, after all these years, such territories would be instantly persuaded of the need to change the habits of a lifetime,'' he said. 06:01 06-27-00

To: Sir Auric Goldfinger who wrote (8565)	6/27/2000 9:59:00 AM
From: StockDung	Respond to of 10354

Yes Auric, they are a circle of SCUM. I know Eiten well. He profiled CNLG in a MAJOR pump and dump. Eieten left out a few detains on CONolog. I on the other hand had a different view; CON-o-log (CNLG, CNLGW) A warning to our Mom and Pop Investors Conolog (CNLG, CNLGW) 5 Columbia Road Sommerville, NJ 08876 (908)-722-8081 ---->WEB LINKS TO FOLLOW IN AN UPDATE TO SITE While looking at the most active after-hours traders in early March, The Truthseeker came across this name, Conolog, which may merit further attention. Conolog is a tiny company, taken public in 1995 by a tiny firm called IA Rabinowitz & Co. (See Exhibit 1), which designs and distributes small Electronic and electromagnetic components. The company has a history of uneven sales and earnings (See Exhibit 2). CNLG stock has done nothing for ages (See Exhibit 3), until suddenly, a Barrage of press releases appeared over the past 6 weeks (See Exhibit 4). In this time the stock has moved from under $1, to a current after-hours price of $8. This flurry began with an announcement that EPS for the period ending Jan 31 00 would be 4 cents. There was, of course, the obligatory announcement about the hot area of the moment, fiber optics. However, their "fiber optic" announcement was simply that you could attach a fiber optic connector (a type of plug sold by countless firms, including Corning, HP, Siemens, AMP, etc) to some of their products. Today's financials (See Exhibit 5) are very interesting. Here is a company with revenues of 1.5 million for the Q, but inventories of 3.2 million. They announced earnings of 328k, but 2/3 of that was from taking credit For their prior losses under NJ state tax laws, actual earnings from the Business would be 119k, or .02 per share, not the .06 reported, and LESS than the .04 that they pre announced a few days ago! Company's largest shareholder is an entity called CLOG LLC (See Exhibit 6), CLOG LLC is actually an individual named Warren Schreiber. Another holder is an entity called "Nybor". Nybor is listed as a consultant to CNLG, and receives fee income from the company. Nybor is registered to the same address as Warren Schreiber. An SEC Schedule 13 (See Exhibit 7) indicates that Nybor and CLOG are both, in fact, Warren Schreiber, and that the company has extended the life of an option it granted to CLOG LLC to purchase convertible debt of the company. According to an older Schedule 13 (See Exhibit 8) the option is to purchase $2 million in debt, convertible to stock at $1 per share, creating an additional 2 million shares of CNLG, which would be a 37% dilution to current shareholders! This Schedule 13 also provides some details on the NASD's actions against Schreiber. So, just who is Warren Schreiber? Schreiber is an associate of Randolph Pace. Basically, Schreiber is an ex-broker from VTR Capital, who is believed to have secretly controlled chop-stock house Sterling Foster. A Bloomberg News article from September 1999 describes Schreiber's activities. (See Exhibit 9) Exibits 1-9 to follow Buyer Beware!! **************************** TheTruthseeker.com is an Interactive Online Magazine and E-mail service site. TheTruthseeker.com issues Truthseeker Reports on a weekly basis. Some of the past reports by The Truthseeker include USATalks.com (NASDAQ: USAT) Citron (NASDAQ: CTRN), NET COMMAND TECH INC (NASDAQ: NCDR), 2TheMart.com (NASDAQ:TMRT), ( NASDAQ:PBYP), ( NASDAQ: PLSIA ), (NASDAQ:PTVL) and various others . The Truthseeker Reports are sent to our members and often are forwarded on to other the Regulatory bodies. Past reports in the archives are available for free to members of the public. Thetruthseeker.com agents, associates, and or employees may or may not have Positions consistent with the above position. To view the most current report, or for additional info, please visit us at: thetruthseeker.com The Truthseeker

To: Sir Auric Goldfinger who wrote (8565)	6/27/2000 11:31:00 AM
From: StockDung	Read Replies (1) \| Respond to of 10354

TheTruthseeker.com TO FEATURE Geoff Eiten of OTCFN in a FULL Length Forensic Investigative Journal Report to celebrate the 4th of July weekend. TheTruthseeker has investigated Geoff Eiten for over a year now and feels it is time the World know the whole Truth about Geoff Eiten of OTCFN. TheTruthseeker will not be posting on the Ziasun thread until his research report is completed. The bombs will be bursting in air!! TheTruthseeker (The Leader in Forensic Stock Research) thetruthseeker.com