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Microcap & Penny Stocks : The Hartcourt Companies, Inc. (HRCT) -- Ignore unavailable to you. Want to Upgrade?

To: Investorman who wrote (1671)	12/14/2000 7:23:59 PM
From: StockDung	Respond to of 2413

More on Dr. Phans past business acquaintances->4. On September 2, 1992 a major shareholder of LA Entertainment, Sherman Mazur, was indicted by a federal grand jury on 29 charges, in addition to 45 charges previously filed, of bankruptcy and tax fraud relating to the management of certain real estate partnerships. As part of that indictment, the shareholder is accused of diverting $700,000 from an insurance trust account into a real estate partnership in bankruptcy proceedings. This shareholder was reportedly active in negotiating a failed merger of LA Entertainment. This shareholder has been reportedly described by the president of LA Entertainment as the principal negotiator for LA Entertainment from 1988-1992. In addition, it has been reported that LA Entertainment's vice-president for finance Elaine Greenberg (aka Elaine Melnyk) was an unindicted co-conspirator. These matters appear to have adversely impacted the value of LA Entertainment stock reportedly held by GI. sla-cal.org CHEERS CHUMPS!!