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Pastimes : Brokerage-Chat Site Securities Fraud: A Lawsuit -- Ignore unavailable to you. Want to Upgrade?

To: CountofMoneyCristo who wrote (1238)	6/24/2003 7:26:42 PM
From: CountofMoneyCristo	Respond to of 3143

Incidentally, maybe some of you recall now-defendant Philip Berber. He posted quite often here, soliciting clients for the company he founded, defendant CyberTrader: Member 4323025 He said as follows: "I have never engaged in business in the state of California." Of course he did not at the same time inform the Court that he sold Cyber for $500-800 million in California, $300-500 million of which he personally cashed in, through a California contract selling his ownership stake to a California company. Any of you out there who would consider earning $300-500 million in a state "not engaging in business" in that state? Maybe what he really meant to say was, "I wasn't engaged in business; no, I just made the winning goal." In fact, that's how he described this transaction at the time. Of course the "winning goal" cost thousands their life's savings, and they didn't even know they were part of Berber's game.