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To: INTHEWALLET who wrote (141457)	1/20/2005 2:32:06 PM
From: Rocket Red	Respond to of 150070

Elgindy Jury Looks Into Evidence Of Payment 14:28 EST Thursday, January 20, 2005 NEW YORK (Dow Jones)--After reviewing evidence relating to insider trading and extortion charges, jurors in the case against Anthony Elgindy and Jeffrey Royer seem to be trying to decide whether Royer was corrupt. Short-seller Elgindy and former Federal Bureau of Investigation special agent Royer are charged in U.S. District Court for the Eastern District of New York with securities fraud, extortion and obstruction of justice. In their third day of deliberation Thursday, jurors asked to review testimony and evidence relating to checks and wire transfers between Royer and Derrick Cleveland. Cleveland was also charged in the case. He pleaded guilty to conspiracy to commit securities fraud and is cooperating with the government. Cleveland testified in court that he had a financial arrangement with Royer under which they agreed to share 50/50 any trading profits generated by information provided by the FBI agent. Royer has denied the existence of such a deal. Jurors also asked to review the testimony of Kristy Sarkey, an ex-girlfriend of Royer and a former FBI analyst who testified about the 50/50 arrangement between Royer and Cleveland. In addition, jurors requested the transcript of the testimony of FBI special agent Raymond Gonzales. Gonzales interviewed Royer before he left the bureau in December 2001. During that interview, Royer told Gonzales that he planned to go work for Elgindy in San Diego. But Royer told Gonzales that he never shared confidential information with Elgindy. Royer testified in court last month that he did in fact share confidential information with Elgindy and Cleveland, but that it was only for the purpose of getting more information from them. While jurors appear eager to review evidence and proceed with their deliberations, court proceedings were delayed Thursday after lawyers and prosecutors began arguing about which documents to send back to the jury room. Elgindy's defense lawyers argued in front of Judge Raymond Dearie after jurors requested documents relating to allegations that the short-seller committed securities and wire fraud when he traded contrary to his recommendations to members of his private investing Web site. Dearie said to defense lawyers and prosecutors, "This is not the time to relitigate the case, gentlemen. It's time to give the jury what it wants." - By Carol S. Remond, Dow Jones Newswires; 201-938-2074 Dow Jones Newswires 01-20-05 1420ET Copyright (C) 2005 Dow Jones & Company, Inc. All Rights Reserved. © Copyright Dow Jones