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

To: scion who wrote (89562)	1/24/2005 1:23:56 PM
From: SI Bob	Read Replies (4) \| Respond to of 122087

Damn! Was really holding my breath on the extortion one. I'd love to know exactly who he allegedly offered to withhold negative info on in return for cash. Of the charges I'd read, that was the one that bothered me most and I still refuse to believe he did that. I saw his motivations as largely altruistic while still being vehemently capitalistic, so the charge of extortion doesn't set well with my perception of Tony as a person. And makes no sense. Tony loves to make money by being right about a POS, and I just can't imagine his taking what I'd imagine would be a smaller profit taking "hush money" when he took such great pleasure in exposing scams and making his money doing so.

To: scion who wrote (89562)	1/24/2005 2:13:37 PM
From: Maurice Winn	Respond to of 122087

<To: Geoff Goodfellow who wrote (12671) 5/12/2000 11:57:00 AM From: Anthony@Pacific Read Replies (4) of 25797 I think it is common knowledge that I am a huge benfit to society, and a real threat to scammers and crims far and wide.. The record speaks for itself > The record: <Mr. Elgindy was convicted of racketeering, securities fraud and extortion for his role in the scheme. He dropped his face into his hands and sobbed uncontrollably as the jury foreman read the verdict; U.S. marshals led him weeping from the courtroom. Prosecutors said Mr. Elgindy bet against penny stocks and drove down their prices by publicizing damaging information he received from Mr. Royer. Mr. Elgindy also extorted companies by offering to withhold the information in exchange for cash, prosecutors said. > Mqurice

To: scion who wrote (89562)	1/24/2005 2:42:29 PM
From: olivier asser	Read Replies (1) \| Respond to of 122087

Congratulations to United States Attorney Kenneth Breen and his hard-working staff for bringing the first criminal conviction for the chicanery then went on in the trading industry. It seems that, when the facts are provable, racketeering charges lead to conviction in this industry, I for one hope that the others involved in racketeering in this industry are also held accountable and pay a severe penalty for what they did. Now there are quite a few unindicted co-conspirators and other members of AP gang who may start thinking of cooperation with the government and restitution, before further indictments are handed down, forfeiture proceedings commenced. Mr. Breen, like I said there are others who directly targeted not scam companies but innocent investors themselves: PHILIP R. BERBER, LESLIE M. MOOR, CHRISTOPHER J. REA. Similarly, they have demonstrated that they'll show remorse only when the day of accounting has already come and gone - never before. AP breaks down on the stand in tears. How about the untold suffering of investors? They're not in the public eye to break down in tears; no, they suffered in private, not one word spoken for them until today. It's been a long time coming that someone in trading were finally held accountable. I hope this is merely the first, landmark event in accountability in this industry, where a small group of self-appointed "leaders" abused the rest of us for their own personal greed motives. Nothing created; a great deal destroyed. To all AP supporters, I agree with you that AP was once a very good investigator and short; but, he crossed the line. Maybe one of you will lead a discussion on what AP can do, not to quit as Pluvia said, to just give up now, but to try his very best to make amends. If any of you ever saw the movie "Catch Me If You Can," well an obvious course AP could now chart with the agreement of the government would be to agree to finally fulfill his promises not for his own greed but truly to help the public, and I for one know that he could certainly do a great deal of good if he made that choice now. If a number of you would take the time, to have the courage to write Judge Dearie about examples of AP's talent and how it could be put to good use finally, then this is one result that would serve many innocent investors in the future. Maybe, we'll see.

To: scion who wrote (89562)	1/24/2005 2:43:27 PM
From: Jeffrey S. Mitchell	Read Replies (1) \| Respond to of 122087

Elgindy, Royer Found Guilty of Securities Fraud 01-24-05 01:11 PM EST Dow Jones Newswires NEW YORK -- Short-seller Anthony Elgindy was found guilty Monday of racketeering and securities fraud charges. Former Federal Bureau of Investigation special agent Jeffrey Royer was also found guilty of racketeering conspiracy and securities fraud charges. Messrs. Elgindy and Royer were charged in a May 2002 racketeering indictment with securities fraud, extortion and obstruction of justice. The government alleged Mr. Royer was a corrupt federal agent who misappropriated confidential information from FBI computers, which he shared with Mr. Elgindy and others. Federal prosecutors told jurors during the 10-week trial that Mr. Elgindy used the information to manipulate shares of small companies. The prosecutors also alleged that Mr. Elgindy used some of the information he obtained from Mr. Royer to extort discounted shares from two companies, Floor Decor Inc. (FLOR) and Nuclear Solutions Inc. (NSOL). Three other defendants in the case, Lynn Wingate, Troy Peters and Jonathan Daws, will be tried separately. Three defendants, Derrick Cleveland, Robert Hansen and Kent Terrell, have pleaded guilty and are cooperating with the government. According to the indictment, Mr. Elgindy used a private investing Web site to share some of the information he gained from Mr. Royer and other law enforcement officers with site members. The government alleged that Mr. Elgindy organized site members in order to maximize the impact of the release of negative information on the price of targeted companies. Making copious use of logs of online exchanges among some of the 300 members of Mr. Elgindy's Web site, the prosecution argued in court that Messrs. Elgindy and Royer were engaged in a corrupt relationship and that they used non-public information to push down the price of the shares of companies they sold short. Short sellers sell shares in the anticipation that they will profit when the price of these shares goes down. Messrs. Elgindy and Royer were also accused of having conspired to obstruct a post-Sept. 11 investigation into suspicious trading that took place shortly before the terrorist attacks on the U.S. That probe soon turned into a federal investigation of the peculiar relationship between Messrs. Elgindy and Royer. Assistant U.S. Attorney Ken Breen told jurors during the government's rebuttal that Mr. Royer shared information about the Sept. 11 investigation with Mr. Elgindy and that the short seller took steps to flee to Lebanon. Mr. Royer, who admitted in court that he shared confidential information with Mr. Elgindy and others, had argued he only did so because he wanted to get information from them in return. Mr. Royer also admitted in court that he told Derrick Cleveland, a cooperating defendant in the case, about the Sept. 11 investigation but he denied that he told Mr. Elgindy about it. Barry Berke, one of Mr. Elgindy's lawyers, argued in his closing argument that Mr. Elgindy didn't know about the Sept. 11 probe and that his client's trip to the Middle East and transfer of money to Lebanon were innocuous events unrelated to the investigation. Mr. Elgindy returned to the U.S. in December 2001 and had requested permission to travel back to Lebanon in early 2002. That request was denied. He and Mr. Royer were arrested on May 21, 2002. Mr. Royer was also charged with witness tampering because of a telephone call he made to a former colleague after his May 2002 indictment. Prosecutors alleged that Mr. Royer attempted to influence the potential testimony of Michael Mitchell, a police officer whom Mr. Royer used to access confidential government information after he left the FBI. Meanwhile, Mr. Elgindy was charged with several counts of securities fraud and wire fraud for trading ahead of members of his Web site or contrary to his advice to them. (Carol S. Remond contributed to this report.) -By Eric J. Weiner, Dow Jones Newswires; 201-938-2429 Dow Jones Newswires 01-24-05 1311ET Copyright (C) 2005 Dow Jones & Company, Inc. All Rights Reserved. news.morningstar.com