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

To: Graystone who wrote (2599)	7/28/2003 12:42:15 PM
From: CountofMoneyCristo	Read Replies (1) \| Respond to of 3143

There's plenty of spinning here, but of course considering the money at stake here - several hundred million dollars - and now the possibility of criminal charges of perjury, obstruction of justice and various felonies related to the IRS and State of Virginia events, it is nothing if not predictable. Actually typing out that transcript gave me the opportunity to reflect on what happened that day, though I at my former lawyers' advice was not present. I think an objective observer can see why I say that Mr. Milstein's representation was far below the standard of care, in fact was grossly negligent. When I read that transcript for the first time, I was shocked and appalled. It's not just that he was either unprepared or careless - in my view some of these statements were deliberate. He could not have done a better job of losing than he did that day. If you look at some of the statements made by defense counsel they are amazing. Rea's lawyer saying paying to be a TP client, kickbacks and trade executions are not commercial transactions, and also that I did not allege a claim based on TP's contact with California - when the major claim I make is based on losses suffered in a California brokerage account which from Cali kicked back a percentage of commissions to Rea. Then Berber's lawyer argues that selling Cyber to Schwab has nothing to do with these allegations, "completely and totally unrelated," when the kickbacks are a major reason why that sale took place at all, and its value was based on kickback revenues. What can I say?