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

To: Janice Shell who wrote (89457)	1/19/2005 6:58:25 PM
From: Jeffrey S. Mitchell	Read Replies (1) \| Respond to of 122087

UPDATE: Elgindy Jury Asks To See Additional Documents 01-19-05 04:08 PM EST NEW YORK (Dow Jones)--Jurors in the criminal case against short-seller Anthony Elgindy and former FBI special agent Jeffrey Royer continued deliberating Wednesday. Jurors requested evidence relating to Elgindy's trading records. They also asked for evidence relating to Royer's searches of FBI databases, as well as records of telephone calls between Elgindy and Royer before and after these database searches. Earlier Wednesday, jurors had requested evidence relating to extortion charges against the two men. In their second day of deliberation, jurors asked to hear taped conversations relating to the alleged extortion of a company called Nuclear Solutions Inc. ( NSOL). Jurors also asked to review transcripts of court testimony relating to the alleged extortion of Nuclear Solutions and its chief executive, Paul Brown. Brown died in a car accident in April 2002. His sister testified at the trial. Elgindy and Royer are charged in the U.S. District Court for the Eastern District of New York with securities fraud, extortion and obstruction of justice. The government alleges Royer was a corrupt agent who misappropriated non- public information and shared it with Elgindy and others. Federal prosecutors alleged that Elgindy used his private investing Web site to disseminate negative information he obtained from Royer to maximize his trading profits. The government also alleges that, in the case of two companies, including Nuclear Solutions, Elgindy used that information to extort discounted shares from the companies. Elgindy and Royer are also accused of having obstructed an investigation into suspicious trading prior to the 9-11 attacks. That investigation turned into a probe of Elgindy's relationship with then-FBI agent Royer. -By Carol S. Remond, Dow Jones Newswires; 201-938-2074 Dow Jones Newswires 01-19-05 1608ET Copyright (C) 2005 Dow Jones & Company, Inc. All Rights Reserved. news.morningstar.com

To: Janice Shell who wrote (89457)	1/19/2005 7:18:20 PM
From: Jeffrey S. Mitchell	Respond to of 122087

They also asked for evidence relating to Royer's searches of FBI databases, as well as records of telephone calls between Elgindy and Royer before and after these database searches. The jury's intent is apparently to see whether Elgindy was giving orders or whether Royer did much of the queries on his own. The problem with this line of reasoning is that I very much doubt that even if Elgindy gave Royer an "order" to do so, it's not the sort of thing Royer would have done while Elgindy was waiting on the line. I also doubt Elgindy only called Royer just for the purpose of doing database searches, so it will be hard to establish any related pattern. - Jeff