Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: edamo who wrote (32802)	3/8/2001 3:19:47 PM
From: im a survivor	Respond to of 65232

<<you sound like the "genu" boiler room tout....but he didn't offer dinner, had to finally blow him off as he was cutting into my mindless television legal training hour....>> About two years ago Smart Money Magazine did a Feature article on me.....yep, can ya believe it....about 6 or 8 pages long and a full page color picture of my ugly self.....anyway, shortly after, Wall Street Journal ran a feature including me and then another one after that.......anyway, what all this notoriety did was get those NY boiler room hype idiots calling me twelve times a day.....I must admitt, I got to the point where I enjoyed it...I figure if these guys are gonna waste my time, I am gonna waste theirs...if they are gonna try and yank my chain, I will yank theirs.......It's amazing how hard core some of these guys can get....yelling, screaming, carrying on like a maniac....yea, like thats really gonna get my business, huh?!lol.....And I tell ya, anybody that falls prey to these cold calls does not have his marbles lined up....I mean do people really invest with folks they don't know that simply cold call them out of the blue....how ridiculous...but I guess people do, or they wouldnt be calling. Keith

To: edamo who wrote (32802)	3/8/2001 3:38:40 PM
From: Venkie	Read Replies (3) \| Respond to of 65232

20 Indicted on Securities Fraud Charges WASHINGTON (Reuters) - Twenty people, including two alleged associates of an organized crime family, were indicted on charges of alleged boiler-room securities fraud involving penny stocks, U.S. regulators said Thursday. The defendants face criminal charges in the case that involves federal and state prosecutors including the U.S. Attorney for the Eastern District of New York, the Federal Bureau of Investigation and the New York State Attorney General. The attorneys representing the defendants could not immediately be reached for comment. In Washington, the U.S. Securities and Exchange Commission instituted on Thursday administrative proceedings against 18 people accused of involvement in the alleged boiler-room fraud with First United Equities Corp., a now-defunct Long Island broker-dealer. The criminal indictments allege that two of the persons charged are associates of the Gambino organized crime family, the SEC said. In its administrative order, the SEC alleges that the defendants operated through First United from 1995 to 1997, fraudulently marketed stock of National Medical Financial Services Inc. (NMFS) and Ashton Technology Group Inc. (NasdaqNM:ASTN - news). After underwriting the companies' initial public offerings, First United maintained control over large blocks of the stock and used high-pressure sales tactics and misrepresented the companies in order to lure investors to buy stock, the SEC contends in its order. Investors were also told First United has never lost money and they would be reimbursed in the event of losses on NMFS or Ashton stock, the securities regulatory agency added. It further alleged that the defendants bullied investors to give up attempts to sell stock, simply failed to execute sell orders and even went as far as buying stock into an account of a dead person. ``Today's charges involve a classic boiler-room operation, carried out by individuals who were willing to tell any lie -- no matter how brazen -- in order to get their hands on the public's hard-earned money,'' Richard Walker, director of the SEC's enforcement division, said.