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To: Paul A who wrote (76649)10/7/2002 6:52:07 PM
From: stockman_scott  Respond to of 208838
 
Until the Ken Lays, Jeffrey Skillings, Gary Winnicks AND the CEOs of some of the most corrupt Investment Banks are behind bars there will be NO REAL JUSTICE...These folks have gotten away with way too much AND many innocent investors have suffered...Meanwhile our Administration chooses to HYPER-focus on Iraq -- Are the real problems being addressed...??



To: Paul A who wrote (76649)10/7/2002 7:07:25 PM
From: maceng2  Respond to of 208838
 
With all that has happened with Anthony Elgindy since his arrest

Looks as if Anthony is out under heavy bail and tagged since mid September.

newsday.com

Wall Streeter Gets Bail

By Anthony M. DeStefano
STAFF WRITER

August 29, 2002, 6:35 PM EDT

Three months after his arrest on securities fraud charges, Wall Street short seller Amr I. Elgindy was granted bail Thursday by a Brooklyn federal judge.

Judge Raymond Dearie said he’d allow Elgindy, also known as “Tony” Elgindy and “Tony Pacific,” to be freed on tight bail restrictions even though prosecutors have presented evidence that he might try to flee to Lebanon and that he tried to deceive federal authorities.

After several court hearings over the last three months, Dearie, by his ruling, indicated that Elgindy, would be freed under house-arrest conditions, including the requirement he wear an electronic ankle bracelet, defense attorney Gerald Lefcourt said.

Elgindy, 35, a U.S. citizen born in Egypt, will remain in custody until the total bail package, to be secured by property owned by Elgindy and his family, is worked out in the next two weeks, Lefcourt said.

The bail amount is probably going to be about $4.5 million, he said.

Elgindy was arrested in May with a former FBI agent and a current FBI agent, on charges of racketeering, insider trading, extortion and market manipulation.

A short seller who made his profits by betting that the price of stocks would drop, Elgindy was accused of using confidential law enforcement information in his business dealings.