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To: J. C. Dithers who wrote (35097)4/1/2001 7:24:34 PM
From: bill  Read Replies (1) | Respond to of 65232
 
The Money-com article is the first that goes beneath
the surface. I tried a search for Ira Monas. No luck.
Even though his name figures in a couple of articles.
Havana Cigars website is still up but slow loading.
Looks like the kid was more a front and less a child
genuis. Any sites where there is more information on Ira
Monas?

Find the cover story had to believe. How many people give
a thirteen year old eight thousand dollars and open up
a trust trading account and say go to it? Seems like the
SEC doesn't look very deep. But then there was no big
investigation of BreX until geologists were getting thrown
out of helicopters (Okay, he jumped after writing a suicide
note. You believe what you believe. I'll believe what I
believe.)The Americans seem a lot better at actually doing
something about stock fraud. In Canada we just shrug and
say "It happens."



To: J. C. Dithers who wrote (35097)4/2/2001 6:14:00 PM
From: RocketMan  Read Replies (1) | Respond to of 65232
 
Since when does an attorney need a theory of law to file a lawsuit? That's why some lawsuits are frivolous. Doesn't matter, the defendant still needs to hire an attorney to defend him/herself. The theory is, this will cost a bundle, so he/she will settle out of court to avoid fees. At least that is how it looks to a non-attorney like me.

As far as the SEC, they are a bit more scrupulous, but not entirely. They at least require some proof of services offered, such as being paid to tout, or charging for your recommendations, such as newsletters, etc. Other than that, they are happy to go after teenagers rather than the professional crooks who can hire defense attorneys.