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Pastimes : Investment Chat Board Lawsuits -- Ignore unavailable to you. Want to Upgrade?

To: Arcane Lore who wrote (1883)	8/20/2001 9:15:13 PM
From: mmmary	Respond to of 12465

Arcane: interesting post I should have known that any SEC litigation release that mentions fraud on the message boards would probably also go hand in hand with stock promoters threatening lawsuits against honest negative posters. The biggest stock promoters, pump and dumpers who got nabbed always threatened lawsuits. What's really insane is that if these fraudsters did not threaten posters with the lawsuits, some of the posters might not have done even more research into the fraud and forwarded it to the SEC besides posting it everywhere. Threatening and suing posters is really the kiss of death of these scammy companies. It just makes the honest posters come out shooting research.

To: Arcane Lore who wrote (1883)	4/15/2003 2:50:44 PM
From: Arcane Lore	Respond to of 12465

Also from today's SEC Digest: ARTHUR W. WHEELER, AMERICAN HEALTHCARE PROVIDERS, INC.'S CHIEF EXECUTIVE OFFICER OFFICER, IS FOUND GUILTY OF SECURITIES FRAUD IN PARALLEL CRIMINAL ACTION The Commission announced that on April 14 in a parallel criminal proceeding, United States v. Arthur W. Wheeler, 02 Cr. 848 (S.D.N.Y.) (RMB), defendant Arthur W. Wheeler (Wheeler), the Chairman and Chief Executive Officer of American Healthcare Providers, Inc. (American Healthcare), was found guilty of securities fraud and conspiracy to commit securities fraud following a jury trial. Wheeler is scheduled to be sentenced by the Honorable Richard M. Berman on June 26, 2003. In the Commission's civil action against Wheeler, SEC v. American Healthcare Providers, Inc., et al., 01 Civ 7649 (S.D.N.Y.) (BSJ), the Commission charged American Healthcare Providers, Inc., Wheeler and four other individuals for their roles in an Internet market manipulation scheme. The Commission's complaint alleged that American Healthcare was a start-up company with "headquarters" in Wheeler's New York City apartment, and had virtually no business operations. The Commission charged that after pumping up the price of American Healthcare stock through an extensive campaign of false press releases and Internet message board postings, the defendants dumped their holdings of the stock on the unsuspecting public, reaping at least $1.47 million in illicit gains. The Commission previously announced that on May 14, 2002, Judge Barbara S. Jones entered final judgments against defendants Michael Anthony Lester and Lars M. Kram. In addition, on May 29, 2002, Judge Jones entered default judgments against defendants American Healthcare and Luis F. Lorie (Luis Lorie), a purported "consultant" to American Healthcare. On Nov. 27, 2002, Luis Lorie pled guilty to one count of conspiracy to commit securities fraud for the same conduct alleged in the Commission's complaint. On April 1, 2003, Luis Lorie's father, Angle L. Lorie, Jr. (Angle Lorie), another purported "consultant" to American Healthcare and a recidivist securities law violator, pled guilty to one count of conspiracy to commit securities fraud and one count of securities fraud for the same conduct alleged in the Commission's complaint. The Commission's civil action against Wheeler and Angle Lorie was stayed pending the resolution of Wheeler's criminal trial. For tips on how to avoid Internet "pump-and-dump" stock manipulation schemes, visit sec.gov. For more information about Internet fraud, visit sec.gov. To report suspicious activity involving possible Internet fraud, visit sec.gov. See also: L.R. 17530 (May 22, 2002), and L.R. 17104 (August 16, 2001). [SEC v. AMERICAN HEALTHCARE PROVIDERS, INC., ARTHUR W. WHEELER, LARS M. KRAM, ANGEL L. LORIE JR., LUIS F. LORIE, AND MICHAEL ANTHONY LESTER 01 Civ 7649 (B.S.J.) (S.D.N.Y.)] (LR-18091) sec.gov