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To: Curtis E. Bemis who wrote (3873)10/25/2001 9:12:16 AM
From: BWAC  Read Replies (1) | Respond to of 5459
 
This part of the story is just classic if true??

"Money manager Courtney Smith recommended the shares on 18 television appearances on CNBC, CNNfn and Bloomberg Television, helping them rise as much as 70 percent in a day, without revealing that GenesisIntermedia purchased and wrote off a Web site developed by Smith in March 2000. The company paid Smith through an intermediary with shares that were worth more than $3 million early this year.

A GenesisIntermedia shareholder, David Osher, filed suit in Los Angeles last Thursday, alleging the company, El-Batrawi and Smith plotted to inflate the price of the shares and thus committed securities fraud. Smith was paid the stock to tout the shares on television, the suit alleges. Smith didn't respond to messages seeking comment."

And here is what should happen at ET:

"Native Nations Chief Executive Officer Valerie Red-Horse, a 42-year-old actress and former Drexel Burnham Lambert office manager, declined to discuss her firm's business with Ultimate Holdings.

She said the lending transactions began at Freeman Securities before her firm bought the company and that Native Nations fired the executive responsible for them. "



To: Curtis E. Bemis who wrote (3873)10/25/2001 9:14:39 AM
From: BWAC  Read Replies (1) | Respond to of 5459
 
Can Cotsgotscammed just concentrate on running a profitable online discount brokerage and bank operation? And stop playing around losing Our money in stuff like this mess?