To: Anthony@Pacific who wrote (271 ) 6/24/2003 2:13:23 PM From: KZAP Respond to of 5425 Honesty or dishonesty, something's just not kosher....... In his letter to The Union-Tribune, Elgindy strongly denied the accusations. "I have never given Royer a dime for info!" Elgindy wrote. The government charges that Elgindy used information from Royer at least four times before short-selling a stock. On Jan. 2, for instance, Royer scanned the FBI's nationwide criminal database for the name of Richard McBride, founder of Florida's SeaView Video Technology. The next day, Elgindy's Web site blasted SeaView, noting that McBride was serving six years of probation for fraud. At the time that he published his attack, Elgindy – who had been shorting the stock for weeks – said he got the information on McBride on the Web, rather than from any confidential law enforcement source. In fact, the information about McBride was available on the Florida Department of Corrections' Web site, which lists all felons on probation, for no charge to the public. Elgindy copied the department's listing and posted it on his Web site. Bradd Milove, a San Diego attorney who once sued Elgindy for mishandling a client's funds, said the public availability of that information should aid Elgindy, whether or not he was tipped by the FBI. "How can you charge that somebody was using insider information if it is publicly available?" Milove asked. Similarly, in December, Elgindy announced he had discovered that Paul Maurice Brown, founder of Idaho's Nuclear Solutions, was a "convicted felon." The announcement came an hour after Royer did a search in the FBI database for Brown's name. I wonder if money changed hands here, if so, what was the money for? I think it would be nice to have a agency such as the FBI double check things for me. I don't like being banned from the A@P thread, takes a lot of the fun away. Good to see Tony posting again, wish him luck. Happy Investing! KZAP