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

To: StockDung who wrote (88800)	12/17/2004 3:25:05 PM
From: Jeffrey S. Mitchell	Read Replies (18) \| Respond to of 122088

From the we-prove-how-stupid-we-are-every-day department at FinancialWire... Another Board Basher's Masquerade Lifted, This Time in Elgindy Trial Dec 17, 2004 (financialwire.net via COMTEX) -- (FinancialWire) The fraud and shortseller trial of Anthony Elgindy unearthed the identity of at least one prominent previously anonymous Silicon Investor poster, The Truthseeker, a.k.a. Floyd Schneider, who posts on a number of companies, such as Genemaxx (GMXX), a company often covered by Dow Jones (DJ) Newswires, Isonics (ISON) and others. A lawyer from the U.S. Securities and Exchange Commission, Brent Baker, called to testify by Elgindy's defense team, was questioned about his contacts with Schneider, whose posts, like Elgindy's, are often supportive of the short-seller positioning. The defense introduced emails between Baker, Elgindy and Schneider to support the defense's contention that in the process of sharing information with law enforcement personnel, Elgindy was able to glean information from them too, said Carole Remond, reporting for Dow Jones. Elgindy and former FBI agent Jeffrey Royer on on trial, charged with securities fraud, market manipulation and extortion. Three others will be tried in a separate trial. The Elgindy-connected "truth-seeking" Schneider appears to have had an obsessive fixation on Investrend, often posting an entire series of often irrelevant or out-of-context articles whose purpose seems to be to discredit, or in the parlance of anonymous message boards, "bash." The trial may yet bring out "why." For up-to-the-minute news, features and links click on financialwire.net FinancialWire is an independent, proprietary news service of Investrend Information, a division of Investrend Communications, Inc. It is not a press release service and receives no compensation for its news or opinions. Other divisions of Investrend, however, provide shareholder empowerment platforms such as forums, independent research and webcasting. For more information or to receive the FirstAlert daily summary of news, commentary, research reports, webcasts, events and conference calls, click on investrend.com Listen to StreetSignals" (Investrend "ON-THE-AIR") "live" Saturdays from 9 p.m. to 10 p.m. on Business TalkRadio Network stations coast-to-coast, or right now on the web at streetsignals.com The FinancialWire NewsFeed is now available in multiple formats to your site or desktop, free. Click on: investrend.com financialwire.net (C) 2004 financialwire.net, Inc. All rights reserved. © 1997-2004 MarketWatch.com, Inc. investors.com