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To: Boplicity who wrote (4552)	9/1/2000 1:33:32 PM
From: T L Comiskey	Read Replies (2) \| Respond to of 13572

A day in the Life..... I pity his poor mother.......... t \| In Newsroom \| Suspected Emulex hoaxster traded at Mandalay Bay Morning News Over Easy September 01, 2000 by Matt Berger The suspected mastermind behind the hoax press release that sent shares of network equipment maker Emulex (EMLX) plummeting Aug. 24 will face criminal securities-fraud charges in U.S. District Court in Los Angeles, The Wall Street Journal reported today. Mark S. Jakob, who was taken into custody by the FBI Thursday, also faces similar civil charges from the Securities and Exchange Commission. If convicted, Jakob could face up to 15 years in prison and be ordered to repay all profits he made from the hoax plus an undisclosed amount of civil penalties. While Emulex's value dropped more than $2.5 billion during panic trading last Friday, Jakob was lounging at the Luxor Hotel in Las Vegas, a city he regularly visited, the Journal reported. While visiting Sin City, Jakob managed to buy 3,000 shares of Emulex stock at about $63 a share from a computer at the Mandalay Bay Hotel. Jakob reportedly profited as much as $241,000. Jakob, 23, whose hobbies include "Las Vegas, snowboarding, beach dancing, playing the 'market'," lived at home with his mother in El Segundo, Calif., and was unsuccessfully pursuing an associate degree at a two-year community college. The FBI said it was able to track down Jakob by tracing the Internet Protocol numbers back to a computer at El Camino Community College, where Jakob was a student until earlier this month. Jakob was also a former employee at Internet Wire, under whose name the fake press release was sent out, and an investor in Emulex. Jakob will likely face additional legal suits from investors who lost money during the stock crash, and as he heads to court will be best served to leave his motto -- "let it ride" -- at the courtroom door.