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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: Smartypts who wrote (67875)	3/5/2001 11:02:13 PM
From: Anthony@Pacific	Respond to of 122087

Thnx .. I'll PM ya oor better yet email me and I'll respond, I dont trust SI's PM system, thats why I stopped accepting them

To: Smartypts who wrote (67875)	4/12/2001 9:05:13 AM
From: StockDung	Respond to of 122087

Torricelli Purchase of Start-Up Stock Under Scrutiny, NYT Says New York, April 12 (Bloomberg) -- U.S. Senator Robert Torricelli may have violated federal law and Senate ethics rules when he referred a political supporter's preferred stock offer to the investment manager handling his blind trust, the New York Times reported. The New York investment banker managing Torricelli's blind trust bought 30,000 shares in 1996 in the start-up company Internet Channel Inc., according to financial records. The company ultimately collapsed after a planned public offering that eventually lead to shareholder lawsuits and charges of fraud, the paper said. The New Jersey Democrat didn't dispute receiving the stock offer or having referred it to the New York investment banker who was then managing his trust, the paper said, citing Torricelli spokesman Dale Leibach. While the money manager, Matthew Gohd, said he purchased the shares without Torricelli's knowledge, the businessman who recommended the stock offer, Philippe Hababou, says the senator gave the instructions to buy into it, the paper said. After he was criticized in 1994 for participating in other preferred stock deals, Torricelli put his personal savings into a blind trust and pledged to make no specific decisions on how they were invested. At the time, he vowed never to buy into them again to avoid any appearance of impropriety, the paper said. A federal inquiry into Torricelli and his campaign is ongoing. Hababou pleaded guilty on September 28 to money laundering, and a separate charge of conspiring with Torricelli's chief fundraiser, Adam Crain, and other campaign officials to violate federal election laws, according to documents unsealed in federal court on March 22. Apr/12/2001 8:04 ET For more stories from Bloomberg News, click here. (C) Copyright 2001 Bloomberg L.P.