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.

Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Rocket Red who wrote (69826)	5/21/2001 12:44:04 AM
From: long-gone	Read Replies (1) \| Respond to of 116753

<<Looks like we won't see any gains tonight As Gold couldn't hold the break-out.I guess the real test comes Tomorrow when the US markets are open. >> A test is not a single hour nor a whole race a leg of a sprint.

To: Rocket Red who wrote (69826)	5/21/2001 12:47:30 AM
From: Rise	Read Replies (2) \| Respond to of 116753

...If I may, I would disagree with your analysis Rocket. I think the POG will consolidate for another hour or so and then begin another uptick going into the open in London. Or perhaps, the above is just wishful thinking on my part. rise

To: Rocket Red who wrote (69826)	8/6/2002 9:47:36 PM
From: long-gone	Read Replies (1) \| Respond to of 116753

Tuesday August 6, 2:43 pm Eastern Time Press Release SOURCE: U.S. Attorney Former Bank President Convicted Of Bank Fraud And Embezzlement, Reports U.S. Attorney BOSTON, Aug. 6 /PRNewswire/ -- A Roslindale man was convicted late Friday, August 2, 2002 by a federal trial jury of bank fraud involving the National Bank of Greece and embezzlement involving the Mercantile Bank & Trust Company. United States Attorney Michael J. Sullivan and Charles S. Prouty, Special Agent in Charge of the Federal Bureau of Investigation in New England, announced today that STELIOS ANTONAKOPOULOS, age 61, of 281 Beech Street, Roslindale, Massachusetts, was convicted by a jury sitting before U.S. District Judge Richard G. Stearns of one count of bank fraud and one count of embezzlement. The jury was deadlocked on an additional count of bank fraud. Evidence presented during the nine day trial proved that ANTONAKOPOULOS was the manager of the Boston branch of the National Bank of Greece, now Atlantic Bank of New York, from 1983 to mid-1988, and the president of the Mercantile Bank & Trust Company from mid-1988 until he was terminated in January 1993. Beginning in late 1989, ANTONAKOPOULOS began constructing a series of bank loans at the National Bank of Greece and the Mercantile Bank under the names of other people, and used the funds to buy stocks of Greek companies on the Athens stock exchange. He also overdrafted accounts that were in other people's names at the National Bank of Greece to buy additional stocks. ANTONAKOPOULOS had anticipated that Athens would be named to host the 1996 Olympics, and that the shares of Greek companies would dramatically increase to provide him with large-scale profits. However, the company stocks failed to rise significantly in value and when Atlanta was chosen to host the 1996 Olympics the share prices in fact dropped, leaving ANTONAKOPOULOS unable to replace the banks' funds. Ultimately, ANTONAKOPOULOS embezzled $100,000 from the account of a customer at Mercantile Bank in an effort to make partial payments to cover up overdrafts and delinquent loans at the National Bank of Greece during an audit by examiners from the bank's Athens office. Judge Stearns scheduled sentencing for October 29, 2002. ANTONAKOPOULOS faces up to 60 years' imprisonment, to be followed by 5 years of supervised release, and a $2 million fine. The case was investigated by the Federal Bureau of Investigation, with the assistance of the National Bank of Greece and the Mercantile Bank & Trust Company. It is being prosecuted by Assistant U.S. Attorney Victor A. Wild in Sullivan's Economic Crimes Unit. SOURCE: U.S. Attorney biz.yahoo.com