Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Jeffrey S. Mitchell who wrote (88479)	12/2/2004 3:24:37 PM
From: Nazbuster	Read Replies (2) \| Respond to of 122087

Anthony Elgindy 1997: NASD suspension for one year and $30,000 fine. 1998: Registration revoked by NASD for failure to pay monies in previously executed Settlement Agreement. Wasn't that the case where Tony got NASD arbitration and won his case? If I recall, fine was dropped to $1000.

To: Jeffrey S. Mitchell who wrote (88479)	12/2/2004 9:29:46 PM
From: StockDung	Respond to of 122087

Elgindy Was A Compliant Probationer - Probation Officers By Carol S. Remond Of DOW JONES NEWSWIRES 455 words 2 December 2004 13:53 Dow Jones News Service English (c) 2004 Dow Jones & Company, Inc. NEW YORK (Dow Jones)--Notorious short seller Anthony Elgindy's probation officers testified Thursday that he was a compliant probationer who submitted required documents. Elgindy is charged with securities fraud, market manipulation and extortion in the U.S. District Court for the Eastern District of New York. The government alleges that former FBI agent Jeffery Royer used FBI databases to gather information about small companies and their insiders, information that he would often share with Elgindy and others who used it to profit from selling short the stock of these companies. At the time of his arrest in May 2002, Elgindy was on probation for a 2000 mail fraud violation. Probation officers Mark Riedling and Laurie Bryant told jurors that Elgindy was submitting, as required by the terms of his probation, monthly statements about his contacts with law enforcement officers as well as financial statements about his bank accounts. Federal prosecutors alleged that Elgindy had furtive and illegal contacts with FBI agent Royer and other law enforcement officers and that he would use the non-public information he obtained from them to manipulate the stock of small companies. Responding to questions by one of Elgindy's lawyers, Riedling told jurors that the San Diego short seller would provide him with details about his contacts with law enforcement officers, including his dealings with agent Royer. Elgindy also provided Riedling with a copy of Royer's business card. Copies of monthly reports submitted by Elgindy to his probation officers show that he provided names and telephone numbers for his contacts as well as copies of the investment reports he published on his website. Elgindy would also provide his probation officers with information about investigations started by the FBI and the Securities and Exchange Commission as the results of information he said he provided to them. Bryant testified that Elgindy traveled to Lebanon in the fall of 2001 without proper authorization. But she said that when she asked Elgindy where he traveled to, he told her that he went to Egypt and Lebanon. The probation office had given permission to Elgindy to travel to Egypt where he was born. Bryant said Elgindy never told her he bought a house in Lebanon or that he transferred funds to Egypt and Lebanon. SEC lawyer Doug Gordimer is scheduled to testify after the lunch recess. Previous witnesses testified that Royer used his job as an FBI agent to gather information from SEC lawyers, including Gordimer, and that he would share that insider information with Elgindy and others. -By Carol S. Remond, Dow Jones Newswires; 201 938 2074; carol.remond@dowjones.com [ 12-02-04 1353ET ]

To: Jeffrey S. Mitchell who wrote (88479)	12/2/2004 9:29:59 PM
From: StockDung	Respond to of 122087

SEC Lawyer Says He Used Elgindy's Web Site To Get Info By Carol S. Remond Of DOW JONES NEWSWIRES 585 words 2 December 2004 17:36 Dow Jones News Service English (c) 2004 Dow Jones & Company, Inc. NEW YORK (Dow Jones)- After four weeks of testimony, there is little doubt that trader Anthony Elgindy had contacts with law enforcement officers, including agents of the Federal Bureau of Investigation and lawyers from the Securities and Exchange Commission. What is still a question for jurors is whether Elgindy, and others charged with him in a case involving fraud, market manipulation and extortion, had any criminal intent when they shared information and traded on it. "Were these contacts with law enforcement motivated by an honest endeavor to make money or was it something else?" federal judge Raymond Dearie told lawyers and prosecutors involved in the case Thursday. Elgindy and former FBI special agent Jeffrey Royer are on trial in the U.S. District Court for the Eastern District of New York. The government alleges that Royer used FBI databases as well as his contacts with SEC officers to gather information about small companies and their insiders, information that he would often share with Elgindy and others who used it to profit from selling short the stock of these companies. Witnesses for the government, some of whom pleaded guilty in the case and have signed cooperation agreements, have testified that Royer shared confidential information with them and that they traded on it. FBI technical personnel have also testified about Royer's use of government databases. And federal prosecutors have introduced evidence showing that details of government investigations into companies or their insiders ended up on Elgindy's private investment Web site. But questions about who told what to who emerged Thursday during the testimony of Doug Gordimer, the head of the SEC's Fort Worth, Texas, office. According to the earlier testimony of cooperating witness Derrick Cleveland, Royer would use his friendship with Gordimer to gather information about SEC investigations into companies. Royer would then share that information with Elgindy and members of his Web site. Cleveland pleaded guilty of conspiracy to commit securities fraud in the case in 2002. Testifying for the government Thursday, Gordimer said he talked often with Royer and the FBI agent would call him and pass information about possible scams. Gordimer testified that he would look up names of insiders and companies and often share information with the then FBI agent. Gordimer told jurors that he visited Elgindy's public Web site called insidetruth.com on several occasions to check out information about companies written up and targeted by Elgindy. But under cross-examination by Royer's lawyer, Gordimer said that on occasions it was Royer who would pass information to Gordimer and that, at times, that information led to the SEC opening investigations into companies. Gordimer testified that in the case of one company, the SEC opened an informal investigation the day after Royer passed information to him. Gordimer said that Royer told him in January 2001 that his source of information for most of the scams he was calling the SEC lawyer about was Elgindy. Gordimer said he understood that Royer got his information from Elgindy and his Web site. Gordimer agreed with defense lawyers that on occasions the information contained on the insidethruth Web site was useful. "The Web site was a way for you to get information, correct?" one of Elgindy's lawyers asked Gordimer. Gordimer answered yes. -By Carol S. Remond, Dow Jones Newswires; 201-938-2074; carol.remond@dowjones.com [ 12-02-04 1736ET ]

To: Jeffrey S. Mitchell who wrote (88479)	12/18/2004 12:05:43 AM
From: Jeffrey S. Mitchell	Respond to of 122087

2004 BCSECCOM 716 Hearing Adjournment Amr I. Elgindy (also known as Anthony Elgindy, Tony Elgindy and Anthony Pacific), Mary Faith Elgindy, Pacific Equity Investigations and Derrick W. Cleveland Section 161 of the Securities Act, RSBC 1996, c. 418 The British Columbia Securities Commission will hold a hearing to determine whether it is in the public interest to make orders under section 161 of the Act against the above respondents. The matter has been adjourned, by consent, to March 18, 2005 at 10 am at the British Columbia Securities Commission, 12 floor, 701 West Georgia Street, Vancouver, British Columbia, when the commission will set a date for the hearing. Temporary orders, outlined in the notice of hearing dated May 24, 2002 and as varied from time to time, remain in effect until the hearing is held and a decision is rendered. December 13, 2004 Robin E. Ford Commissioner bcsc.bc.ca:8080/comdoc.nsf/allbyunid/b73ec82556a65e8988256f6a0069cca0?opendocument