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To: EL KABONG!!! who wrote (3076)	5/24/2002 3:08:40 PM
From: EL KABONG!!!	Respond to of 12465

online.wsj.com Elgindy Sites Are Shut Down Following Short-Seller's Arrest A WALL STREET JOURNAL ONLINE NEWS ROUNDUP NEW YORK -- Two Web sites owned and operated by short-seller Anthony Elgindy ceased operations on Wednesday. An e-mail sent to subscribers of www.anthonypacific.com said that the site and www.insidetruth.com would go off the air at midnight EDT. Earlier in the day, Mr. Elgindy, who also is known on the Internet as Anthony@Pacific, was arrested and charged with a slew of securities-related offenses. Mr. Elgindy headed a scheme in which an agent of the Federal Bureau of Investigation and a former agent gave the short-seller confidential information about criminal probes of public companies, according to an indictment announced by the U.S. Attorney's office for New York's Eastern District in Brooklyn. He then used the information to sell the companies' shares short, advise others to do the same -- and to extort stock from companies that feared manipulation of their shares. A short-seller borrows shares and sells them, hoping to repurchase them at a lower price. -- Carol S. Remond of Dow Jones Newswires contributed to this article. Updated May 23, 2002 1:32 p.m. EDT KJC

To: EL KABONG!!! who wrote (3076)	5/25/2002 2:44:30 PM
From: (Bob) Zumbrunnen	Respond to of 12465

This part speaks volumes all by itself. The origins of the FBI's terror-related interest in Mr. Elgindy are unclear. But it might have stemmed from a tip that was provided by angry executives from small companies who banded together to fight him for wreaking havoc on their stock by short-selling -- selling borrowed shares in hopes of turning a profit if the stock falls. After Sept. 11, these executives approached the FBI with a tip about Mr. Elgindy's possible short-selling of key industry stocks ahead of the terrorist attacks Oh, and lest sommmeone mmmisunderstand, what I think is telling is that PoS CEO's would band together to accuse Anthony of pre-knowledge of the attacks. It's a tactic typical amongst such companies' touts, so it's no surprise the CEO's would do the same.