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

To: jmhollen who wrote (118211)	8/19/2003 10:13:57 AM
From: Rocket Red	Respond to of 150070

HYTT KA-BOOOOOOOOOOOOOOOOOOOOOOOOOOOOM

To: jmhollen who wrote (118211)	8/19/2003 1:12:10 PM
From: StockDung	Respond to of 150070

$2.1m scam: Nigerian guilty 19/08/2003 08:34 - (SA) Sacramento - A Nigerian man has pleaded guilty to running an international investment scam that defrauded investors of more than $2.1m (about R15.33). Roland Adams, 37, admitted he conspired with others in Nigeria, South Africa and Canada to run the scheme, in which people were mailed letters supposedly from African government officials who wanted help in diverting millions of dollars held in bogus trusts or accounts. In exchange for a future share of the fictitious money, the victims were persuaded to send in thousands of dollars to individuals or accounts around the world. Adams, who owns Adams Business Services, gave the scheme an illusion of legitimacy by setting up Web sites such as Bancofafrica.com and Bancofeasterncarribean.com where victims could track the false transactions. At his October 27 sentencing, he faces up to five years in federal prison for mail-fraud conspiracy and 20 years for conspiracy to launder money. He was separately charged with making false statements during his naturalisation interview. If convicted, he could face 10 years in prison and deportation back to Nigeria.