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Pastimes : Investment Chat Board Lawsuits -- Ignore unavailable to you. Want to Upgrade?


To: rjm2 who wrote (1125)2/24/2001 6:21:27 PM
From: (No name provided)  Read Replies (2) | Respond to of 12465
 
There is NO DIFFERENCE in what he did than robbing a bank

I hope you are never considered a peer of mine if there ever comes a day I sit in front of a jury.

What ledbed did was wrong. The most flagrant violation of securities law being that he was planning and did sell on the day he pumped. The outrageous projections would be equivelent to thomas bock's target of 1000 on QXLC. I do not believe that is or should be criminal. However, Bock's employer, SG COWEN, selling millions of shares from them underwriting the issue should be treated as a crime far greater than the dump that ledbed did. Where is the SEC?

Those that would take those projections in spam posts as possibly going to make them rich are doomed to failure and would be the same ones to do what ledbed did if they were clever enough to.

If ledbed was getting paid or used has not been proven either way and I would just assume believe Jonathon's statements of not being paid as I am sure he was quite content with the money he was generating.

But no matter how wrong it was, it was NOT the equivelent of bank robbery. I don't recall hearing one person say jonathon held them up and made them buy. Funny part about this whole story is I haven't heard one victim come forward and say overall they lost money following ledbed.

I thought the most interesting part of the whole story was how all the adults, teachers and other students all got tied up in the greed. This should have been a story on the american greed culture instead of securities fraud