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

To: Ice Cube who wrote (1809)	2/11/2001 11:18:14 PM
From: funincolo	Read Replies (1) \| Respond to of 2413

DD? You mean that Dr. Phan once knew a guy in 1996 who got a DWI? and that individual once owned 3 shares of HRCT? lol Your right...Sinoknowledge going to China inspecting the subsidiaries and meeting all the management teams is worthless... Stick to your one liners...you are out of your league...

To: Ice Cube who wrote (1809)	2/11/2001 11:20:46 PM
From: SinoKnowledge	Read Replies (1) \| Respond to of 2413

When TS gets into the current century on his DD we might start to notice. Hey, puddles, this is 2001, not the 1990's, get current. Maybe that's why you don't have any inportant moeny, your DD is so stale that you wouldn't know an opportunity if it smacked you right in your.... inportant moeny! Get lost, you are a pitiful basher. And I am being kind!

To: Ice Cube who wrote (1809)	2/12/2001 8:52:56 AM
From: StockDung	Respond to of 2413

Here is a little info on Michael Swan. "Greed. Unbounded greed," is how Carl describes the scam. Inside A Wall Street Scandal Stock Promoter Comes Clean About Market Scam Bribed Brokers To Push Stock And Pump Up Price Fraud Is Flourishing In The Bull Market NEW YORK CBS 'Carl' admits he bribed brokers to hype his shares. (CBS) Call him "Carl." He was a stock promoter. His business was bribing brokers to push a stock called Teletek. "I paid everybody off in cash, took them to strip clubs, and got them to girls, limos, paid for rooms, etcetera," Carl says. Carl says he was paying off as many as 40 or 50 brokers at a time. Their job was to "convince their clients this was going to be the next AT&T," he says. In fact, Teletek was a small Las Vegas telecom concern whose then-CEO, Michael Swan, orchestrated the scheme to pump up the company's stock price. In the simplest terms, that's "fraud," says Bruce Bettigole, who heads the investigation that, so far, has led to more than 40 convictions. "We are still tabulating the losses of individual investors," Bettigole says. As more and more Americans have been drawn into the red-hot stock market, schemes like this have flourished, reports CBS News Correspondent Anthony Mason. The Teletek case involved small brokerage firms in ten states and millions of dollars in bribes. The distribution system was simple: an overnight envelope, a stapler and any old magazine. "Take it, stuff $5,000 cash in an envelope. Put it inside and staple the magazine shut. Throw it in a FedEx envelope, and mail it to them," explains Carl about his scheme. "The person sending the cash would call the recipient and say 'did you get the contract? It was 50 pages long.' Well, the pages were hundred dollar bills. A 50-page contract was $5,000," Bettigole says. Carl himself made hundreds of thousands of dollars in payoffs that way. And brokers weren't the only ones on the take. Carl claims he paid radio talk show hosts to air the story on their programs. "The east coast guy I paid $20,000 to $25,000. I think it was $20,000, under the table, and $5,000 through check," he says. Bettigole says "thousands of people" were defrauded. At first, Teletek stock soared as an army of brokers pushed it. Everyone was making money. "Nobody realized the gravy train would stop," Carl says. It didn't stop. It crashed. "Well, the stock is now trading for 4 cents a share," Bettigole says. Michael Swan, who pled guilty to 72 counts of stock fraud, will be sentenced next month. Carl is now in prison. "Greed. Unbounded greed," is how Carl describes the scam. It is the greed that seems to breed in bull markets. Copyright 2000, CBS Worldwide Inc., All Rights Reserved.