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To: MulhollandDrive who wrote (4465)	8/31/2000 1:48:41 PM
From: T L Comiskey	Respond to of 13572

Re book rights...Dont think California allows profiting from crimes.......(?) T

To: MulhollandDrive who wrote (4465)	8/31/2000 2:00:12 PM
From: T L Comiskey	Respond to of 13572

Betty.... FBI Makes Arrest in Emulex Hoax Case NEW YORK (Reuters) - The Los Angeles office of the FBI arrested a 23-year-old California man on Thursday morning who allegedly made about $250,000 perpetrating last week's Emulex Corp. (EMLX.O) hoax, officials said. The Federal Bureau of Investigation said they had evidence the man, arrested in the Los Angeles area at 7 am Thursday morning, had made money from of the hoax. The U.S. Attorney's Office in Los Angeles said that he was charged with securities fraud for disseminating a false press release on the data networking equipment maker. ``The defendant allegedly made nearly $250,000 when the price of Emulex's stock nose-dived on Friday,'' said a statement from the U.S. Attorney's Office in Los Angles. The statement said the man was from Southern California. A press conference was scheduled for noon PDT in Los Angeles, spokespeople said. ``The Los Angeles office had taken the lead in looking for the subject that caused the devaluation of the Emulex shares,'' said FBI spokesman Matthew McLaughlin. A fake Emulex press release was posted last Friday on Internet Wire, an online corporate news dissemination service. The misinformation, which was picked up by news services, sent shares down more than 50 percent, knocking about $2.5 billion off its market capitalization in a matter of hours. After Nasdaq halted trading in the stock, and the company said the information was false, shares recovered nearly all the losses. The bogus release had said the company was forced to restate its earnings, was under investigation by the Securities and Exchange Commission, and that its chief executive had resigned.

To: MulhollandDrive who wrote (4465)	8/31/2000 2:22:03 PM
From: Selectric II	Respond to of 13572

I would hope so. However, who's to keep him from becoming a highly paid "consultant" to a movie producer or publisher? Are they going to make him sign something saying he won't seek employment? Great, he'll be a ward of the state for the rest of his life. There is a constituency out there who will glorify him. After all, some will feel he's only hurt a bunch of greedy capitalist stock traders who don't earn an honest living themselves. Will be interesting to see. Greg, sorry I'm taking up your threadspace with this chatter.