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Pastimes : Let's Get At The Truth -- Ignore unavailable to you. Want to Upgrade?

To: David Smith who wrote (332)	3/29/2001 11:28:34 AM
From: CountofMoneyCristo	Read Replies (1) \| Respond to of 467

I have read this thread with great interest. I applaud all of you for your efforts. What excellent results your work has produced indeed. I know exactly how difficult your quest for some semblance of truth and fairness here has been. As I am well aware of "Jenna" and Pristine's business practices, and also the censorship of this site by SI Admin and others, and have been an SI member since 1998, banned on no less than three occasions this past fall (after not having been banned a single time for well over two years previously), I would like to direct your attention to the following post I made several months ago: Message 14829924 Here is quite specific evidence of organized securities fraud and federal racketeering (RICO) violations by those I have named. I have been threatened with lawsuits by two of these brokerage firms and one other site engaged in similar practices. I have forwarded all evidence I have concerning this woman, Pristine and these brokerage firms to the Securities and Exchange Commission. They have yet to take action. There are two aims these sites have: 1. brokerage commissions and kickbacks for order flow (this is why "scalping" is so strongly encouraged by 99% of sites to the trading community: the more trades, the more commissions. The standard practice is brokerage payment to sites of 35% of commissions paid by site members, big business indeed... ...25 "plays" daily, 50 tickets at $10 = $500/member ...200 members = $100,000 daily, $2.2 million monthly, $26.4 million annually at a single site; 2. front-running site members, the more notorious form of fraud but certainly by far less profitable than that stated above. Now I have further specific evidence that several other sites aside from Pristine are actually owned and directed by brokerage firms. This is illegal. Registered brokerage firms are forbidden from running chat sites without FULL DISCLOSURE. They are likewise forbidden from making payments to unlicensed entities for encouraging a high volume of trades without disclosing those payments to all who are affected by them. Now this is not technical legalese. These laws are on the books for very good reason. The stock market is not a casino; it is investment in the future of American industry. And yet, casinos are better-regulated than the stock market. The problem with most sites is they are IN FACT DIRECTED AND CONTROLLED BY DAY TRADING BROKERAGE FIRMS. It is an enormous scandal from beginning to end. If you take the time to read through the history of my posts here you will become aware of what I have done in my attempts to put an end to these despicable, illegal practices. In spite of that, and the ensuing coverage in The New York Times, The Wall Street Journal, Bloomberg and other media outlets of my efforts, this rampant abuse of the law continues today. These are powerful interests who have reaped hundreds of millions of dollars in illicit profits from unsuspecting traders. They are powerful and corrupt. Nevertheless, truth and evidence are on our side. I urge all of you to contact SEC, FBI and the Department of Justice concerning these matters. If enough traders give voice to the truth, it will finally get a hearing. Sincerely, Olivier L. F. Asser