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Non-Tech : LVEN:NASDAQ--Las Vegas Entertainment Inc. -- Ignore unavailable to you. Want to Upgrade?


To: lvenavenger who wrote (188)10/1/2000 11:24:36 PM
From: Janice Shell  Read Replies (1) | Respond to of 228
 
Have you read all of the posts here? We knew about Cruz and Alvin Tang and all the rest well before the SEC moved on them.

People say it's not possible to do real research on stocks like these. But it is. You just need to dig a bit.

btw, Cruz's friend and, um, colleague Fernando Juan then tried to take over CHCL. That, ah, was blocked. We raised absolute hell, which I do believe contributed to FJ's early exit, but I imagine we'll never know what actually happened. Suddenly Fernando and the looney Dominion of Melchizedek were outta there...



To: lvenavenger who wrote (188)10/1/2000 11:55:36 PM
From: Jeffrey S. Mitchell  Respond to of 228
 
LVENAvenger, the SEC makes no bones about depending on the public to help them ferret out securities fraud. Take a look at the list of stocks halted by the SEC and take a look at the stocks to which people like Janice choose to call attention. Coincidence? No. Many hours of research by many concerned people.

Please also note that aside from Fred Cruz, people here also helped nail Alvin Tang, the President of the United States Guarantee Corp. described by the SC newspaper Anderson Independent-Mail as "a Seneca-based Ponzi scheme that prosecutors now say bilked investors out of $57 million... Tang faces up to five years in prison and a $250,000 fine."

- Jeff



To: lvenavenger who wrote (188)10/9/2000 7:29:27 PM
From: Janice Shell  Read Replies (1) | Respond to of 228
 
Cruz incorporated the takeover company as "Jackpot". It wasn't awfully hard to find out who was behind it. The record of incorporation still exists.

I also never saw the name of Cruz mentioned in all those months preceding the Jackpot deal on any of the message boards. His name surfaced just as the SEC was about to halt trading. By then of course it was too late. You have been following this company for a while. What did you know?