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Non-Tech : Auric Goldfinger's Short List -- Ignore unavailable to you. Want to Upgrade?

To: afrayem onigwecher who wrote (12034)	8/22/2003 8:48:42 AM
From: StockDung	Read Replies (1) \| Respond to of 19428

LANCER BIG FLIPS By CHRISTOPHER BYRON U.S. Attorney Marcos Daniel Jimenez in Miami. nypost.com August 22, 2003 -- A key figure in the Lancer hedge fund scandal has pleaded guilty to federal charges linked to the fund. The official, Bruce D. Cowen, identified in government documents as a Lancer fund director, admitted to a conspiracy to bribe an undercover FBI agent using stock from a Lancer fund portfolio. As part of his plea deal, entered in a Miami federal court yesterday, Cowen agreed to become a cooperating government witness in a wide-ranging federal investigation of crime in the penny stock market. The Miami-based probe evolved out of a joint U.S.-Canadian undercover investigation launched three years ago. The probe led to the filing of charges last year against Cowen and 57 others, and has now expanded to include the New York-based Lancer fund. The Lancer Group family of hedge funds, which claimed more than $1 billion of assets under management at the start of this year, was shut down last month by the Securities and Exchange Commission and charged with an extensive array of securities frauds. The SEC action followed reports in The Post and elsewhere that the fund's assets consisted almost entirely of worthless penny stocks, a number of which were controlled by regulatory scofflaws and white-collar criminals. The Cowen guilty plea comes as a major blow to the Lancer Group's founder and managing director, Michael Lauer, who is already facing extensive legal problems as a result of his activities as the fund's top official. In a civil fraud suit filed in Miami last month, the SEC charged that Lauer engaged in an elaborate scheme to swindle Lancer's investors by investing their money in worthless penny stocks and then illegally pumping up the open market prices of the stocks to inflate Lancer's performance results. Lauer, who has repeatedly blamed his fund's troubles on negative media coverage, resides in Connecticut. But sources in the case say he left for Europe last week and is currently believed to be in Poland. His lawyer, Gerald Labush, did not return a phone call seeking comment on Lauer's whereabouts. Meanwhile, The Post has learned that subpoenas from a federal grand jury in Miami have been served on a Colorado company, World Wireless Communications Inc., seeking documents and e-mails related to both Lauer and the Lancer fund. SEC documents show that World Wireless was organized in 1995 by a penny stock promoter named Abraham Salaman, a twice-convicted federal felon with ties to organized crime. Internal Lancer documents now show 100 percent of World Wireless stock to be held by Lancer.

To: afrayem onigwecher who wrote (12034)	8/27/2003 1:55:37 PM
From: StockDung	Respond to of 19428

Subj: final chapter on FLST Date: 8/27/2003 1:38:58 AM Eastern Daylight Time From: "stocklemon.com" <stocklemon@stocklemon.com> To: Sent from the Internet (Details) Dear Reader, Stocklemon is preparing the final chapter in the Flight Safety Technologies saga. Stocklemon believes that the promoter behind the FLST is Trent Jordan, formally of Vancouver, currently living in the Caribbean...someone had to pay $500k for the mailer. David Baines once reported on the former broker in the Vancouver Sun, "Trent Jordan was fired by Levesque Beaubien in May of 1998 after he loaded up a client's account with shares of International Indigo Industries, a sunken treasure promotion" Trent Jordan's former stocks and the current trading price GEOT- Geo Alert .0001 CYXP- City Express .05 WYRE- Eastern Management .12 TOCK- Datalogic Intl (can not find) PRVH- Providential Holdings .048 AVAR- Avaterra .001 As Stocklemon investigates Trent Jordan's involvement, we will make sure that the friendly congressman of Flight Safety know that taxpayer money was used to fund an operation (against the advice of NASA and the FAA) that has become a front for a notorious stock promotion. Cautious investing to all. Stocklemon.com