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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: Anthony@Pacific who wrote (84718)	7/20/2003 3:37:11 PM
From: StockDung	Respond to of 122087

Belfort Gets 4 Years in Stocks Scam By Susan Harrigan Staff Writer July 18, 2003, 6:50 PM EDT Jordan Belfort, co-mastermind of one of the most notorious small-stock manipulation schemes in history, was sentenced in Brooklyn Federal Court Friday to four years in prison. U.S. federal Judge John Gleeson also ordered Belfort to pay about $110.4 million in restitution to victims of Stratton Oakmont, the Lake Success-based "boiler room" operation run by Belfort and his former partner, Daniel Porush. The money will be paid in installments amounting to 50 percent of Belfort's monthly gross income after his release, Gleeson said. "Mr. Belfort's going to earn a lot of money," he said. "I have no doubt." Stratton Oakmont, founded in 1989 and closed by regulators in December, 1996, specialized in "pump and dump" schemes. Brokers using banks of telephones ran up the prices of small stocks with aggressive and fraudulent sales pitches. Insiders then sold out, causing prices to collapse and leaving thousands of investors holding nearly worthless shares. Belfort and Porush pleaded guilty to money-laundering and securities fraud in May, 1999. Since then, Belfort has served as a cooperating witness, with his case handled by Daniel R. Alonso, chief of the criminal division in the Eastern District of New York, and David Pitofsky, deputy chief of that division. Belfort has helped win convictions in more than two dozen cases connected with Stratton's schemes, Gleeson said. Porush lost his effectiveness as a witness in 2001, when officials in Florida charged him with unlicensed telemarketing. He pleaded guilty to two misdemeanors in that case, and received a 13-month sentence that runs concurrently with a four-year jail term he received from Gleeson in May, 2002. At yesterday's hearing, Belfort, 41, said he regrets his former actions. "I just feel so bad about it," he said. "I've hurt a lot of people, including family. I knew exactly what I was doing -- I just couldn't stop. Now, I try to always do the right thing." Gleeson said Belfort's cooperation "lopped many years off" the jail term he would otherwise have gotten, but that it must be balanced against "many years of brazen, arrogant fraud." In addition to hurting investors, Belfort "corrupted hundreds of young people" who worked at Stratton and took regulators "to the cleaners, basically" by failing to honor the terms of a 1994 settlement with the SEC, he said. Copyright © 2003, Newsday, Inc.

To: Anthony@Pacific who wrote (84718)	7/20/2003 3:44:29 PM
From: StockDung	Respond to of 122087

RE:JORDAN BELFORT->FRONT MAN. But Amr ''Tony'' Elgindy, head of a Fort Worth-based firm called Key West Securities Inc., has alleged in court papers that Belfort bought a silent partnership in his firm early in 1997. He maintains that the relationship fell apart after he resisted pressure by Belfort to open up an office in New York City to sell stock to the public in the time-proven way, by high-pressure cold-calling. According to Elgindy, Belfort bought into his firm using a trusted associate named Robert LoRusso as a ''front man.'' LoRusso and Belfort vigorously deny Elgindy's allegations. LoRusso and Belfort both maintain that Elgindy is no angel. Indeed, in September, Elgindy settled NASD charges of alleged trading abuses by consenting to a fine and a one-year ban as principal of a brokerage firm. He neither admitted nor denied the charges. The NASD complaint alleges that ''Elgindy was suffering from severe mental illness'' at the time of the trading abuses. Elgindy maintains that was a reference to severe depression. LoRusso also asserts that Elgindy misappropriated funds and failed to disclose regulatory problems, which resulted in a suit by LoRusso to rescind his deal to buy into the firm. LoRusso's allegations are denied by Elgindy, who settled the suit by agreeing to rescind the deal. PASSIVE? Although Elgindy is anything but an unbiased observer, his allegations support the assertion of chop-house brokers and traders that Belfort remains a powerful presence in the chop-stock business. According to Elgindy, Belfort is a well-capitalized short-seller of chop stocks--an adventurous brand of trading that is Elgindy's specialty. But, say Elgindy and other sources familiar with Belfort's activities, Belfort also has had access to cheap stock in numerous companies and has pushed a host of stocks through retail firms-- particularly Monroe Parker, D.L. Cromwell, and Biltmore. In a phone conversation with Elgindy in December, 1996, that Elgindy taped, Belfort seems to imply that he is more than just a passive observer of activities on the Street. Referring to one stock deal, Belfort told Elgindy: ''I have access to a lot of small firms.'' Elgindy and others familiar with Belfort's activities maintain that Belfort has been a hidden power behind the retailing of a host of stocks. Among the stocks that Elgindy says were Belfort favorites were Big City Bagels, Luma Net, Grand Havana Enterprises, and the company that was the subject of the possible Paragon overcharge--Environmental Technologies. Elgindy says Belfort would sometimes supply brokers with cheap stock in the firms, which would be sold to customers at huge markups. Belfort says he legitimately owns shares in some of those companies but denies having access to ''cheap stock'' in any. The chief executive of Grand Havana, Harry Shuster, says that he knows of no Belfort involvement in the company for the past two years. Officials of the other companies did not return phone calls. STARTLING REVELATION. Elgindy maintains that Belfort sometimes would wax sentimental about the good old days at Stratton. And taped excerpts of those conversations, which Elgindy shared with BUSINESS WEEK, are revealing. In one conversation in December, 1996, Belfort speculated why one particular stock both men were shorting was doing so well. ''They're paying people off,'' said Belfort. ''They're definitely paying people off with stock. I know. I owned a very large OTC firm.... I made a zillion dollars off my deals.'' In another taped conversation, Belfort made a startling disclosure. According to Belfort's taped account, a company called Builders Warehouse Association Inc.--which since has become a unit of Osicom Technologies Inc.--once offered him a huge bribe in return for Stratton selling the stock. Said Belfort: ''This guy came to me, this...kid from Utah came to me....He offered me three shares in Switzerland for every share I sold....I had like 500 brokers,'' Belfort continued. ''I could have sold a zillion shares.'' Belfort declined to discuss the alleged bribe offer. Osicom and Barry Witz, former chief executive of Builders Warehouse, did not respond to requests for comment. Whether Elgindy is a whistle-blower or a sore loser, one thing is sure: The conduct that he describes is common in the world of chop stocks. In their efforts to clean up the world of micro-cap stocks, the regulators have always seemed to be a day late and a dollar short--or perhaps more accurately, years late and billions of dollars short. Their efforts to crush micro-cap fraud are well-intentioned, sometimes vigorous--but they have failed to put more than a dent in the problem. Driving brokers out of the industry does little good when they stay active behind the scenes. Shutting firms does little good when other firms open to take their place. The money is simply too good: The indictment on Nov. 25, which alleges the involvement of four ranking Mob figures in pushing a single chop stock, proves that. And it is coming from a seemingly bottomless pit--the pockets of small investors. BY GARY WEISS

To: Anthony@Pacific who wrote (84718)	7/21/2003 8:28:13 PM
From: StocksDATsoar	Respond to of 122087

To:TheTruthseeker who wrote (116922) From: 200mph Monday, Jul 21, 2003 8:24 PM Respond to of 116934 IN MY OPINION HERE'S A NEW SCAM..SAME GUYS FROM HYTT?? OH, MYRON GUTSLAK FROM HYTT IN JAIL IN NY.. THEY CLAIM an estimated potential value of $900 million. IT'S BS TRUTHSEEKER..@ THE PRICES THE PRECIOUS METALS TODAY THERE IS NO ECONOMICAL VALUE WHATSOEVER.. B: Cascade Reveals Plans to Build Large US Mining Company SEATTLE, Jul 17, 2003 /PRNewswire-FirstCall via COMTEX/ -- Cascade Mountain Mining Company, Inc. (OTC Bulletin Board: CSCA), a publicly-traded mining and exploration corporation, announces new business focus. Cascade Mountain Mining Company, headquartered in Seattle, WA, has recently acquired 31 claims representing the "Mazama Project." The Mazama Project is a gold, copper, and molybdenum deposit located in northwest Washington, encompassing over 600 acres. This site offers the best exploration potential among all known deposits in North America. Currently, there is a 150 million ton reserve on the property with an estimated potential value of $900 million. Cascade Mountain Mining Company is attempting to build a world-class mining company through mining metals. The Company will handle all aspects of mining from the initial exploration to the final product, refining both the precious and base metals. Cascade is currently in the process of confirming previous exploration work that was started in 1963 by Bear Creek Mining (the exploration division of Kennccott), Brona Mines (Moranda), Exxon Minerals, and others. Initial drilling was conducted in March 2003 and proved that there are molybdenum, gold, and copper deposits on location. Cascade Mountain Mining Company's Chief Geologist appraised the 31 claims at approximately $25 million. There are approximately 100 previous tests that confirm his appraisal value. The Company believes that with state-of-the-art mining techniques and a fair market price for gold and copper, the Mazama Project could produce 2 billion pounds of copper, 150,000 ounces of gold, 750,000 ounces of silver, and 6 million pounds of molybdenum. This puts the potential dollar value at $1.5 billion before exploration and drilling costs. About Cascade Mining Cascade Mountain Mining is a mining and exploration corporation that owns 31 staked claims, in Washington State, which are deposits and claims with proven gold and copper reserves. The Company was formed in December 2002 to exploit mining opportunities on federal lands that have been developed over the last several years. Cascade Mountain intends to concentrate solely on claims that become available that have previously been "worked." This means the claims have known ore reserves where data is available on test borings and analysis which shows that a mining operation is marginally profitable or close to breakeven, given the mining techniques and the commodity price of the metals extracted at the time. Cascade Mountain will re-evaluate such analyses, typically by adding more testing and by "upgrading" the ore-to-waste ratio. This is done by employing the newest mining technology, employing state-of-the-art 3-dimensional computer modeling and targeting the enriched areas of a group of claims. The statements contained in this news release that are not historical facts may be statements regarding the Company's future that involve risks and uncertainties which could cause actual results to differ materially from those currently anticipated. For example, statements that describe the Company's hopes, plans, objectives, goals, intentions or expectations are all forward looking statements. Any such statements made herein about the Company's future are only made as of the date of this news release. Numerous factors, many of which are beyond the Company's control, may affect actual results. The Company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances. SOURCE Cascade Mountain Mining Company, Inc. CONTACT: FOCUS Partners LLC for Cascade Mountain Mining Company, Inc., +1-212-752-9445, CSCA@focuspartners.com (CSCA) prnewswire.com Copyright (C) 2003 PR Newswire. All rights reserved. -0- KEYWORD: Washington INDUSTRY KEYWORD: MNG OTC SUBJECT CODE: RLE * end of story * (COMTEX) B: 52W LOW: New 52-Wk Low for CSCA @ $0.135 dn4.93% [delayed] B: 52W LOW: New 52-Wk Low for CSCA @ $0.135 dn4.93% [delayed] Ridgeland, MS, JUL 17, 2003 (EventX/Knobias.com via COMTEX) -- This is the 1st 52 WEEK LOW alert for CSCA in the past 7 calendar days. The share price for Cascade Mountain Mining Co (OTCBB: CSCA) reached a new 52-week low today, trading at $0.135, down $-0.007 (-4.93%) from its previous close of $0.142. The Company's previous 52-week low of $0.142 was set yesterday on July 16, 2003. One month ago, the Company's shares closed at $0.220. The price has declined more than 38 percent since then. At the time of this alert, the stock had traded 120,400 shares via 25 trades, 381.70% above it's 20day average of 24,995 shares. This new 52-week low currently puts the stock: 9.76% below its 20day Moving Average of $0.150 50.27% below its 50day Moving Average of $0.090 83.15% below its 100day Moving Average of $0.074 The Company last released news on July 17, 2003 (today): "Cascade Reveals Plans to Build Large US Mining Company" CASCADE MOUNTAIN MINING CO Cascade Mountain Mining Corp. is a mining and exploration company that owns 31 staked claims, all in Washington State, USA, which are deposits and claims with proven gold and copper reserves. GET KNOBIAS IN REAL-TIME: Delivery of this proprietary Knobias alert has been delayed by at least 10 minutes. To get all Knobias alerts in real-time daily, visit knobias.com ABOUT KNOBIAS: Knobias is a premier financial information provider of trading and investing data covering all U.S. equities for investors and security professionals. Knobias is best described by its three major components: Real-time desktop applications providing quotes, charts, level 2, analysis etc.; Knobias RAiDAR providing thousands of real-time news stories, alerts and documents daily; Knobias fundamentals providing a comprehensive database of fundamental research information. CONTACT: Knobias.com, LLC 601-978-3399 601-978-3675 info@knobias.com www.knobias.com/cmtx Copyright 2003 Knobias.com, LLC, All rights reserved. -0- (COMTEX) B: Cascade Mountain Mining Begins Trading Company Becomes Public B: Cascade Mountain Mining Begins Trading Company Becomes Public after the Succe SEATTLE, Jul 3, 2003 /PRNewswire-FirstCall via COMTEX/ -- Cascade Mountain Mining Company, Inc. (OTC Bulleting Board: CSCA) a Nevada mining and exploration corporation, announces that it has begun trading on the Over-the-Counter Bulletin Board under the symbol CSCA. Previously, on June 6, 2003, Cascade Mountain Mining Corp. entered into a share exchange agreement and reverse merger with Web Views Corporation, a Nevada corporation. On June 6, 2003, Web Views acquired 100% of the issued and outstanding shares of Cascade Mountain Mining Corp. in exchange for 966,667 shares of the Registrant's common stock. Upon 100% shareholder approval of Cascade, there were 2,966,667 shares of the Registrant's common stock outstanding. Web Views subsequently changed its name from Web Views Corporation to Cascade Mountain Mining Company, Inc., and enacted a 60 for 1 forward stock split. The Cascade Mountain Mining Company, Inc. currently has approximately 130,000,000 shares of common stock issued and outstanding and 300,000,000 shares authorized. Cascade Mountain Mining is a mining and exploration corporation that owns 31 staked claims, all in Washington State, USA, which are deposits and claims with proven gold and copper reserves. The Company was formed in December 2002. Cascade Mountain Mining Corp. was recently incorporated in the State of Nevada to exploit mining opportunities on Federal Lands that have developed over the last several years. These opportunities started being developed in 1994 when the Clinton Administration made changes to the 1872 law regarding mining claims on federal lands. Due to increasing annual maintenance cost on claims many proven mining reserves have become available. Cascade Mountain intends to concentrate solely on claims that become available that have previously been "worked". This means the claims have known ore reserves where data is available on test borings and analysis which shows that a mining operation is marginally profitable or close to breakeven given the mining techniques and the commodity price of the metals extracted at the time. Cascade Mountain will re-evaluate such analyses, typically by adding more testing and by "upgrading" the ore-to-waste ratio. This is done by employing the newest mining technology, employing state-of-the-art 3-dimensional computer modeling and targeting the enriched areas of a group of claims. The statements contained in this news release that are not historical facts may be statements regarding the Company's future that involve risks and uncertainties which could cause actual results to differ materially from those currently anticipated. For example, statements that describe the Company's hopes, plans, objectives, goals, intentions or expectations are all forward looking statements. Any such statements made herein about the Company's future are only made as of the date of this news release. Numerous factors, many of which are beyond the Company's control, may affect actual results. The Company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances. Contact: FOCUS Partners LLC 212-752-9445 CSCA@focuspartners.com SOURCE Cascade Mountain Mining Company, Inc. CONTACT: FOCUS Partners LLC, +1-212-752-9445, or CSCA@focuspartners.co URL: cascade-mining.com prnewswire.com