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.

Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: StocksDATsoar who wrote (115503)	6/4/2003 11:57:12 PM
From: StockDung	Respond to of 150070

.Transsexual City trader evades jail in fraud trial Wed Jun 4, 2:32 PM ET LONDON (Reuters) - A transsexual City of London trader fraudulently manipulated share transactions worth one billion pounds, the Old Bailey has heard. But Peter Young, 45, will never face jail after an earlier court ruling found that his schizophrenia made him incapable of standing trial for his alleged crime. Stephen Climie, prosecuting, said the 300,000 pound a year trust fund manager suffered from "hallucinations and delusions," had a "longstanding gender problem" and was prone to "self harm and bodily mutilation". In earlier court hearings, Young dressed as a woman and the court heard how he had tried to castrate himself in an attempt to become a woman. Young, now in a mental hospital, worked for fund managers Morgan Grenfell in London between 1994 and 1996. Without the knowledge of his employers, he created two companies in Luxembourg, used a share system in Sweden and opened a bank account in Jersey to net nearly 2.5 million pounds through a "golden bond", the jury heard. His employers became suspicious shortly after he bought a 450,000 pound home for himself and his family. The trial continues. ============================== Ex-Morgan Grenfell man 'made £2m for himself' By Nikki Tait, Law Courts Correspondent Published: June 5 2003 5:00 \| Last Updated: June 5 2003 5:00 Peter Young, the former Morgan Grenfell Asset Management fund manager, made a personal profit of more than £2m by devising and then implementing a complex warrant-based transaction built around the bonds of a Scandinavian company called Sensonor, a jury at the Old Bailey was told yesterday. The former fund manager has been charged with concealing material facts about the deal, which took place between 1994 and 1996, from trustees of the large European Growth unit trust which he was running, and whose money was also invested in the warrants. "Peter Young undoubtably gave himself the opportunity to manipulate the bond structure to his advantage," said Stephen Climie, representing the Serious Fraud Office. "At no stage did the fund's trustees realise that Mr Young had control over the transaction." He told the jury: "Even if you conclude that the trustees were negligent. . . the fact, we say, is that Peter Young concealed material facts." The case is unusual because Mr Young has been found unfit to stand trial. Accordingly, the proceedings which opened at the Central Criminal Court yesterday cannot lead to a conviction - and the jury is being asked to decide only whether he carried out the acts alleged. If the prosecution fails to establish this, Mr Young could still be acquitted. The jury was told that, while Mr Young had been an intelligent, well-remunerated fund manager in the mid-1990s, he had since been diagnosed with schizophrenia, and suffered from a gender identity problem as well as hallucinations. There was a "real risk" that the stress of a trial could lead to suicide, said Mr Climie. Outlining the alleged scam, Mr Climie said this had involved a Swedish financial services firm issuing warrants convertible into the Sensonor bonds. Those warrants held to maturity would share in extra "bonus" bonds on conversion. The unit trust, under Mr Young's management, bought all but one of the warrants, he claimed. The remaining warrant was purchased by P. Van Doren - supposedly Mr Young's brother-in-law - but actually held under the control of Mr Young's Jersey account. In due course, it is claimed, the unit trust's warrants were sold on to two Luxembourg companies that Mr Young had created, and then converted in the bonds about a month before maturity. This meant that all the bonus bonds accrued to Mr Young's remaining warrant - turning an £8,000 investment into more than £2m. The prosecution alleges that some of these proceeds were then used to buy a house in the UK. The case continues.

To: StocksDATsoar who wrote (115503)	6/5/2003 12:20:26 AM
From: StockDung	Respond to of 150070

http://www.virginme.com "DOCTOR-APPROVED Scientific Breakthrough that will transform a Non-Virgin girl into a complete virgin! Experience the pain and bleeding on the first night as if you were a real virgin" ========================================= TESTIMONIALS .... See what others have to say about VirgenMe. Hey Dreg ..... You have changed my life. My new boyfriend have married me and I can't tell you how much he love me!!! You have given me something which I didn't deserve ..... My new life is yours ..... "Thanks" is not the word I should use here ! Marina, TX. It's really mind blowing, It's so real that I couldn't believe my eyes. Thanks for giving me something which really can't have any price tag. Marry, CA. My girlfriend was getting married and I gave her this formula as a marriage gift. She lost her virginity to me and didn't want this thing to affect her life. She just called me and kissed me 50 times for this. I am feeling much more relaxed now. I salute you! Mike, FL. The whole world should thank you Greg! Amanda, NY. My God ... Unbelievable ..... I don't believe my eyes ..... It's so real that even the inventor of this formula can't tell the difference ... HUH! Christina, CA. At first I was suspicious about the product, but I bought it because of your money back guarantee. After I used it, I think you really deserve much more than what I have given you. Thanks Greg. Sharon, NY. HOME \| GUARANTEE \| TESTIMONIALS \| PRIVACY POLICY FAQ \| AFFILIATES \| ORDER NOW -------------------------------------------------------------------------------- Copyright © VirginMe Inc. 2002-2003 All Rights Reserved.