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To: who cares? who wrote (8679)7/5/2000 1:49:52 PM
From: Sir Auric Goldfinger  Read Replies (1) | Respond to of 10354
 
To avoid being a late filer, ZSUN must put out it's Q by August 15th. Let the Truth Watch begin.



To: who cares? who wrote (8679)7/7/2000 12:47:25 PM
From: StockDung  Respond to of 10354
 
HAMPTON-PORTER HIRES BERGMAN AS DIRECTOR OF RESEARCH
--------------------------------------------------------------------------------

Story Filed: Wednesday, June 23, 1999 1:29 PM EST

SAN DIEGO, Jun 23, 1999 /PRNewswire via COMTEX/ -- Hampton-Porter is pleased to announce the addition of Mark Bergman as Director of Research. Mark Bergman is one of the leading experts in the area of technology enterprises and investment advice. Recently, he was Chief of Global Equities at FAB Capital, and Senior Analyst at leading Investment Banking firms, such as Volpe, Hambrecht & Quist, Cruttenden Roth. In addition, he was Director of Research for the Boston Group. He has founded leading technology growth firms and was recently Senior Vice-President of Xybernaut Corporation -- the worldwide leader in wearable computers. Dr. Bergman received a Ph.D. from Northwestern University and completed post-doctorate work at the University ofIllinois.

SOURCE Hampton-Porter (C) 1999 PR Newswire. All rights reserved. prnewswire.com



To: who cares? who wrote (8679)7/10/2000 7:17:25 PM
From: Sir Auric Goldfinger  Respond to of 10354
 
Leslie Fay's Ex-Financial Chief, Polishan, Is Found Guilty of Fraud

By LISA VICKERY
Staff Reporter of THE WALL STREET JOURNAL

NEW YORK -- Paul Polishan, former chief financial officer of Leslie Fay
Cos., was found guilty of 18 of 21 counts stemming from an accounting
scandal that drove the women's apparel maker into bankruptcy-court
protection in 1993.

Mr. Polishan was convicted of bank fraud, which carries a maximum
sentence of 30 years. He also was found guilty of multiple counts of wire
and securities fraud. Mr. Polishan, who was indicted in 1996, will be
sentenced in October.

The verdict in the nonjury trial was delivered Wednesday by U.S. District
Judge Thomas I. Vanaskie in federal district court in Scranton, Pa. The
trial was held in Pennsylvania because Leslie Fay maintained financial
headquarters there, separate from its New York operational headquarters.
Leslie Fay, a publicly traded apparel maker, declined to comment on Mr.
Polishan's conviction.

The criminal investigation was launched seven years ago, shortly after
Leslie Fay disclosed accounting irregularities. The company eventually had
to restate earnings, reversing $81 million of erroneously reported profit. In
the wake of the accounting irregularities, the company filed for protection
from creditors under Chapter 11 of the U.S. Bankruptcy Code. Leslie Fay
emerged from bankruptcy-court protection in 1997.

David Barasch, U.S. Attorney for the Middle District of Pennsylvania, who
oversaw the case with Assistant U.S. Attorney Bruce Brandler, called it a
"spectacular verdict."

Mr. Polishan's lawyer in New York, Michael G. Berger, said the
defendant and his family are "deeply disappointed in the verdict and plan to
pursue the remedies available to them," such as posttrial motions and an
appeal.

Donald Kenia, a former Leslie Fay controller, in 1994 pleaded guilty to
making false statements to the Securities and Exchange Commission and
agreed to cooperate with the government's investigation. He was a key
witness against Mr. Polishan.

Mr. Kenia admitted to making some false entries in the company's books
beginning in the last quarter of 1991 and continuing through 1992. The
false entries related to inflated inventory adjustments and a reduction in
cost of goods sold, and as a result, the company reported enhanced profits
for those periods. Mr. Kenia's sentencing had been delayed until Mr.
Polishan's case concluded.

In 1997, top officers and directors at Leslie Fay agreed to pay $34.7
million to settle a consolidated class-action suit filed by shareholders, who
had alleged securities fraud. Among other things, the suit charged that the
officers' bonuses were bolstered by the inflated earnings.