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: peter michaelson who wrote (88644)	12/7/2004 7:49:12 PM
From: tool dude	Respond to of 122087

Do you realise your missing the Micheal Savage Radio Show? :) radio-locator.com

To: peter michaelson who wrote (88644)	12/7/2004 7:52:19 PM
From: Jeffrey S. Mitchell	Read Replies (1) \| Respond to of 122087

The implication to me here is that since Royer never took issue at never receiving the money that he likely wasn't expecting it in the first place. In other words, it sounds like more of a shakedown by Cleveland-- no more than a scheme to get easy money from Terrell. Here is the relevant passage: Terrell... said he wired $2,000 to Cleveland in November 2001 and said that his understanding was that the money would be used to keep FBI agent Royer happy. Cleveland testified in court that he solicited money from Terrell but that he never shared it with Royer. - Jeff

To: peter michaelson who wrote (88644)	12/9/2004 11:21:33 PM
From: jessie73	Read Replies (4) \| Respond to of 122087

Are you this "Peter"? Chatlog - December 20, 2001 [12:34] peter>> when are you gonna rip NSOL apart again Tony? you just gonna let him stew for a while? [12:34] anthony>> yes peter [12:34] anthony>> i want to let him think he is safe [12:35] peter>> you and Evans do the same thing

To: peter michaelson who wrote (88644)	12/21/2004 7:39:44 PM
From: jessie73	Read Replies (1) \| Respond to of 122087

Peter Michaelson's Stunning Testimony. Michaelson had previously spoken privately with Judge Dearie, defense lawyers and prosecutors in a sidebar Monday about the potential danger for the witness to self incriminate. Michaelson is testifying without legal representation. Under questioning by Breen, Michaelson said that he understood that some of the law enforcement information he got on Elgindy's site was not available to the public. The witness said he realized that some of the information came from "representatives of the government." Michaelson said he didn't know whether the FBI provided information to Elgindy intentionally. Asked whether FBI information was shared with site members frequently, Michaelson answered "Not frequent enough, maybe every couple of months." The former member, Peter Michaelson, has been testifying for the defense since Monday. Under questioning by Barry Berke, one of Elgindy's lawyers, Michaelson told jurors that he was a frequent participant in the private Web site which was started by Elgindy in May 1999 for like minded short sellers. The witness said that he never thought that anything illegal was taking place when confidential government information was shared by members of the site. Michaelson, who posted under the alias Peter on the site, said that his understanding was that Elgindy would on occasions glean information from law enforcement personnel in the process of sharing information with them. Michaelson completed his testimony for the defense late Tuesday, spending most of the day reviewing numerous chatlogs from discussions between site members and telling jurors how he would often gather information about companies that he thought were scams and share it with other members. Under cross-examination by Assistant U.S. Attorney Kenneth Breen, the defense witness appeared surprised by the nature of the questions put to him. Michaelson told Breen that he didn't remember whether he talked to Elgindy about his relationship with Royer. Michaelson said he met Royer once before at Elgindy's office in San Diego. When asked what they talked about, Michaelson said that he asked Royer how he managed to not "cross the line." When asked by Breen what he meant by that statement, Michaelson appeared to flounder and said "I don't know what you mean by crossing the line....I need to clear my mind." Prosecutors and defense lawyers continued arguing Monday about the defense's plan to have former members of Elgindy's private investment Web site testify. On Friday, prosecutors argued that they should be allowed to interview the potential witnesses before they took the stand, particularly because of the potential danger for self incrimination. The government has previously alleged that members of the Web site may have been engaged in the same crimes as Elgindy, Royer and others are charged with. A number of unidentified sites members have been fingered by the prosecution as unindicted co-conspirators, who possibly traded on confidential information. Early Monday, speaking in front of federal Judge Raymond Dearie and without the jury present, prosecutor Ken Breen voiced concern about Michaelson's testimony, saying that he had reviewed his trading records. Breen was interrupted by Barry Berke, one of Elgindy's lawyers, who asked that the conversation continue in a sidebar away from the ears of people present in the courtroom. The first sidebar early Monday was immediately followed by another one to discuss a question that Peter Michaelson had about the court proceedings. Michaelson, the defense's first witness, was one of the members of Elgindy's private investing Web site. It's not clear what question Michaelson had for Dearie but he spent some times reviewing transcripts of previous sidebars before court resumed a full hour later. This was the second sidebar for Michaelson who already privately spoke with Dearie, defense lawyers and prosecutors Monday about the potential danger for the witness to self incriminate. Michaelson is testifying without legal representation. The government has previously alleged that members of the Web site may have been engaged in the same crimes as Elgindy and Royer are charged with. A number of unidentified site members have been fingered by the prosecution as unindicted co-conspirators, who possibly traded on confidential information. In his second day of testimony, Michaelson said that he didn't think that Elgindy and others on Anthonypacific.com, the Web site set up by Elgindy for other like-minded short sellers, obtained information illegally. Michaelson posted under the name Peter on the site. Michaelson said that his understanding was that Elgindy would on occasion glean information from law enforcement personnel in the process of sharing information with them. The witness said site members had an understanding that information discussed on the site wasn't supposed to be discussed with nonmembers. Prosecutors alleged that Elgindy's desire for secrecy showed that he knew he wasn't supposed to have the information he and others traded on. Michaelson testified for the defense that he never thought that anything illegal was taking place when confidential government information was shared by members of the Web site. Prosecutors allege that Elgindy and others received confidential information from Royer and illegally profited from it. The government claims that Elgindy and others used his private investment site called Anthonypacific.com to share confidential information. Under cross-examination by Breen, Michaelson said Wednesday that he thought that if government information was shared on the Elgindy site, it must have been okay. Asked whether he thought that Elgindy was credible when he posted information that he said came from the FBI. "Not all the time... He lied all the time, exaggerated to make himself look good," Michaelson answered. Michaelson had testified Tuesday that he had no reasons to believe that Elgindy was not being truthful when he said he had confidential information. Asked about his different answer, Michaelson said "Yesterday, I don't know what I said yesterday. I was really tired." "Are you saying that we should disregard your testimony (from Tuesday)?" Assistant U.S. Attorney Breen asked Michaelson, who answered, "I rather you would." Reviewing his trading records, including some from an account at Canadian brokerage firm Union Securities, Michaelson said he did trade in the stock of companies for which Elgindy provided confidential information on the same days that the information was posted on the investing site. Under questioning, Michaelson also said that he purchased some of the shares of a block trade put together by Elgindy in the stock of Nuclear Solutions Inc. (NSOL). Prosecutors allege that Elgindy and others charged in the case extorted discounted stock from companies they targeted in exchange for halting their short selling of their shares. Nuclear Solutions is one of two companies that the government said was extorted by Elgindy and others charged in the case.

To: peter michaelson who wrote (88644)	12/22/2004 11:35:42 PM
From: jessie73	Read Replies (1) \| Respond to of 122087

Peter this post is why you are a hypocrite. You claim to want to let the jury come in before you say anything. Yet your postings you are more than willing to come to conclusions on others who were not part of your inner circle. Terrell got busted because he sent money to Cleveland - obviously if that was to pay for information then that information was not widely dispersed. Can you say what it was for? Do you know? Or are you just saying it to further your interests. Peter, you have so little integrity and credibility, and its obvious to everyone expect yourself. You make, serve, and drink your own Kool-Aid, clever, but not honest.