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.

Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW) -- Ignore unavailable to you. Want to Upgrade?

To: James Lee Baldwin who wrote (50292)	5/22/2002 1:53:12 PM
From: James Lee Baldwin	Respond to of 52051

OT: NEW YORK (AP)--Two FBI agents helped a stock analyst extort publicly traded companies by providing confidential information on investigations of the companies, authorities alleged Wednesday. Lynn Wingate, an FBI agent assigned to the bureau's Albuquerque, N.M, office; Jeffrey Royer, a former agent who resigned late last year; and analyst Amr "Tony" Elgindy were among five defendants charged in a securities fraud indictment unsealed in federal court in Brooklyn. The indictment accuses the agents of using FBI databases to provide their co-conspirators with inside information, and also to track a grand jury investigation targeting the alleged scheme in exchange for cash. The charges "reveal a shocking partnership between an experienced stock manipulator and law enforcement agents, undertaken for their illicit personal financial gain," said U.S. Attorney Alan Vinegrad. Elgindy and an associate, Troy Peters, were in custody in San Diego; Royer and Wingate in Albuquerque; and the fifth defendant, another Elgindy associate, Derrick Cleveland, in Oklahoma City, pending court appearances. If convicted of conspiracy, each defendant could receive 20 years in prison. (END) DOW JONES NEWS 05-22-02 12:37 PM - - 12 37 PM EDT 05-22-02