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

To: Jeffrey S. Mitchell who wrote (90031)	1/26/2005 2:21:15 AM
From: Jeffrey S. Mitchell	Read Replies (2) \| Respond to of 122087

Regulators May Be Worried If Elgindy Goes to Prison, Says Legal Expert Jan 26, 2005 (financialwire.net via COMTEX) -- January 26, 2005 (FinancialWire) Many regulators are not relishing the prospect of notorious short-seller Anthony Elgindy, who was found guilty Monday of racketeering and securities fraud, going to jail for a long sentence, according to C. Austin "Bud" Burrell, a legal expert, because Elgindy will likely "roll on" numerous public officials. Burrell made the startling comments as part of an interview on StreetSignals ( streetsignals.com ). He is an expert for the O'Quinn and Christian law firms, which are bringing some 15 actions against investment banks and the Depository Trust and Clearing Corp. on behalf of companies such as Sedona Corp. (SDNA), NanoPierce Technologies (NPCT), Datascension Inc. (DSEN), and Hyperdynamics (HYPD). Former FBI agent Jeffrey Royer was also found guilty of the same charges. They were charged in a May, 2002 indictment. The government had claimed that Elgindy used insider information from the FBI to "extort discounted shares from Floor Decor and Nuclear Solutions (NSOL)," the Dow Jones (DJ) News, whose reporter, Carole Remond, covered the trial, stated. The government also said that Elgindy's private investing website was used to leverage the information he obtained from Royer, to maximize the negative information used to drive down the price of stocks. The government is asking for maximum bail prior to sentencing, saying the two are risks of flight. 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) 2005 financialwire.net, Inc. All rights reserved. © 1997-2004 MarketWatch.com, Inc. investors.com ===== Link to interview: investrend.com

To: Jeffrey S. Mitchell who wrote (90031)	1/26/2005 2:34:52 AM
From: Dale Baker	Respond to of 122087

Well said - that sums up a lot of key points in this case. Once you are able to rationalize you are doing a public service by exposing scams -- that the ends justify the means -- you've ventured down a slippery slope. We've just witnesses how far down you can fall, which is more than I ever thought possible. It's a dangerous business, rationalizing felony crimes as a necessary means to a greater good. Tony's not the first one to go down that road only to crash and burn. Nothing in the legal code I ever heard of gives you that option anyway, whatever the outcome.

To: Jeffrey S. Mitchell who wrote (90031)	1/26/2005 7:02:35 AM
From: rrufff	Read Replies (1) \| Respond to of 122087

Trying to figure out why people do what they do. I think your analogy is apt. That's like asking why sports stars take performance enhancing drugs. Another comparison may be to Bill Clinton's recent "excuse," i.e., because "I can." My own personal feeling was that it was all part of a self-fulfilling enterprise. He, and his supporters, claimed so often that he was right on 100% of his calls, (and in pretend real time), that they HAD to be right and any edge was taken to continue the enterprise. Instilling confidence in the flock to follow the never wrong calls and instilling fear in longs with the mere mention of their holding, was the real motivation for grabbing whatever it would take to appear infallible. In a way, it's a pattern of extortion. It's very little different from the tout letters we all receive claiming that these writers guarantee that you will participate in their miraculous picks. For those who are in, unlimited wealth as quid pro quo. For those who are not "in," ultimate defeat, humiliation and losses. Insanity by reason of a calling to be a deity may have been a better defense than the Batman defense.