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Strategies & Market Trends : Banned.......Replies to the A@P thread. -- Ignore unavailable to you. Want to Upgrade?

To: SI Dave who wrote (490)	12/11/2004 2:19:00 PM
From: Smiling Bob	Respond to of 5425

My mistake. Manny, not Manuel ---------- Figure in stock case is arrested with fake ID By Bruce V. Bigelow STAFF WRITER April 20, 2004 A New York federal judge has jailed Anthony Elgindy, a San Diego stock speculator facing federal charges, after he was stopped at a Long Island airport while traveling with a fake identity. Advertisement Elgindy is scheduled to go on trial June 1 in federal court in Brooklyn on charges of securities fraud and racketeering. Barry H. Berke, Elgindy's lawyer, confirmed that U.S. District Court Judge Raymond J. Dearie revoked Elgindy's bail, but Berke declined further comment. Following his arrest in May 2002, Elgindy was released on $2.5 million bail. Elgindy's bail required him to wear an electronic bracelet at all times while at home in the San Diego area. He was allowed to remove the bracelet to travel on authorized trips to meet with his lawyers in New York. According to a sworn affidavit, Elgindy was arrested Saturday at MacArthur Airport in Islip, N.Y., attempting to board a commercial flight using a fake ID. The Southwest Airlines plane was headed to Phoenix with a connecting flight to San Diego. The boarding pass issued to Elgindy bore the name of Manny Velasco. Elgindy was also in possession of a fake Montana state photo ID that listed the name Herbert Manny Velasco. Elgindy was carrying $25,000 in cash and some $40,000 in jewelry at the time of his arrest. He also had four cell phones and various electronic devices. According to the affidavit, when he was arrested, Elgindy denied that he was Tony Elgindy. Elgindy was a successful stock speculator before he was charged with using confidential government information to manipulate the shares of several small-cap companies. Also charged in the 2002 case were two former FBI agents, Jeffrey Royer and Lynn Wingate; two traders, Troy Peters and Derrick Cleveland; a fund manager, Jonathan Daws; and Elgindy's Web master, Robert Hansen. Cleveland has pleaded guilty to racketeering, and Hansen has pleaded guilty to one count of conspiracy to commit securities fraud. Both are cooperating with the government. Dow Jones News Service contributed to this report.