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Strategies & Market Trends : Scamthony Cataldo -- Ignore unavailable to you. Want to Upgrade?

To: scion who wrote (14)	12/10/2003 3:28:52 PM
From: TeamTi	Read Replies (2) \| Respond to of 137

Is Scamthony familiar with Russian and Arab investors? 216.239.33.104 Kiosks, Cocaine, and Khashoggi. December 06, 2001 In the world of troubled dot-coms, you aren't likely to find a more baroquely tangled intrigue than the one enveloping GenesisIntermedia.com of Van Nuys, California--a company that claims to operate such oddly unrelated businesses as a car rental company, a consumer telemarketing company, a coupon business, and a network of shopping mall Web kiosks. ........... Another company that Millennium took public is Netivation.com, which has a curious history with an Arkansas politician named Asa Hutchinson. In 1982, Mr. Hutchinson was appointed by then- President Ronald Reagan as the U.S. attorney for the district in which Mena is located. Mr. Hutchinson has publicly stated that he began researching "evidence of money laundering" in Mena when he was U.S. attorney, but that he resigned before the probe was complete. In 1999, Netivation signed a business contract with Mr. Hutchinson, by then a U.S. congressman, to undertake fund-raising for his re�lection. Mr. Hutchinson now serves in the Bush administration as the head of the U.S. Drug Enforcement Administration. The co-underwriter of Netivation, along with Millennium, was an investment bank known as EBI Securities, which began in 1993 as the Czech Fund. One of the company's founding board members was Robert McFarlane, who had served as Mr. Reagan's National Security Advisor during the Iran/Contra scandal. In 1994, the Czech Fund changed its name to Czech Industries, and in 1995, it sold stock to the public courtesy of a Wall Street investment firm called Stratton Oakmont. By 1996, Mr. McFarlane had left Czech's board. Stratton Oakmont was subsequently shut down by the U.S. Securities & Exchange Commission for fraud and stock-rigging activities. The co-underwriter of Netivation, along with Millennium, was an investment bank known as EBI Securities, which began in 1993 as the Czech Fund. One of the company's founding board members was Robert McFarlane, who had served as Mr. Reagan's National Security Advisor during the Iran/Contra scandal. In 1994, the Czech Fund changed its name to Czech Industries, and in 1995, it sold stock to the public courtesy of a Wall Street investment firm called Stratton Oakmont. By 1996, Mr. McFarlane had left Czech's board. Stratton Oakmont was subsequently shut down by the U.S. Securities & Exchange Commission for fraud and stock-rigging activities. In 1996, Czech Industries merged with a brokerage firm called Eastbrokers International . In the process, a young Viennese stockbroker named Wolfgang Kossner became the largest stockholder in the merged entity. He had been running a brokerage called WMP Bank, which was also merged into Eastbrokers in the deal. Thereafter, Eastbrokers changed its name to Global Capital Partners and sold WMP Bank back to Mr. Kossner, who relaunched it as General Commerce Bank. Mr. Kossner was arrested by Austrian police in August in connection with the collapse of General Commerce and the apparent loss of some $1 billion in capital.