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

To: sailorman who wrote (90066)	1/26/2005 11:55:28 AM
From: rrufff	Respond to of 122087

"Under the guise of protecting investors from fraud, Royer and Elgindy used the FBI's crime-fighting tools and resources actually to defraud the public, and to insulate themselves from detection and prosecution," Roslynn Mauskopf, the U.S. attorney for the Eastern District of New York, said in a statement. "Elgindy's conviction marks the end of his public charade as a crusader against fraud in the markets." I think that many of the posters here who are upset are understandably concentrating on nuances of whether or not information was public and the extent of its value. They miss the point. They were arguing the same thing before the verdict and they were clearly wrong then. Look at the big picture, as a jury would, and then you can understand. They had to decide on the one hand - EXTORTION AND GREED vs. otoh - the Batman defense of crusading and protecting the public. Given the summaries of the evidence, they made an appropriate decision, one that is unlikely to be overturned IMO. (Note - I could see a partial overturning but not enough for either a "get out of jail" card or anything that would dissuade the US Attorney from similar prosecutions in the future.)