janice, why no comment about Marchese? Might he have paid you $5 grand to shut you up? lma(zz)o You can thank scionist for the interesting deposition link! Message 18161388
You can also thank yourself for the following found in the internet closet:
Message Boards | Coffee Shop : Gary Dobry Subpoenas 41 SI Aliases
To: John who wrote (127) 1/19/2002 4:13:31 PM
From: Janice Shell 136 of 1055
That's how Pugs would like for it to be seen.
You are saying the subpoena is legally seen as part of the discovery process in the Marchese vs Dobry lawsuit?
I'm mot sure what sort of legal mechanism exists for Marchese's attorney to oppose a subpoena in which his client isn't named. In addition, Dobry's trying to "prove" that we're all Marchese's "agents" or "employees", so for him to act on our behalf might be interpreted as tacit confirmation of Dobry's looney accusations.
Marchese is, however, providing an affidavit for the Massachusetts Motion to Quash, and will be asked to do the same for the Washington action.
Message 16934980
As to Vesco, "they can't risk having him spill his guts".
To: peter michaelson who wrote (85782) 9/13/2003 8:24:58 PM
From: Janice Shell Read Replies (1) 85785 of 90276
I agree.
The failure to even put a name to Kashoggi in the GENI matter is an outrage of injustice - clearly due to the political ramificiations. It's like Three Days of the Condor or something.
More reminiscent of Watergate, in a way. An unindicted co-conspirator. Though of course Nixon wasn't unidentified, and Khashoggi is far from being President.
I suppose, as with Vesco, they can't risk having him spill his guts.
Message 19302762
9/11 A day most people will never forget but tony was posting about Khashoggi as Krappohii!
[10:21] anthony >> the timing of the kids account liquidation is scary
[10:21] anthony >> i had this overwhelming wierd feeling that we are in deep shit
[10:26] anthony >> this is allout war
[10:26] anthony >> GENI
[10:27] anthony >> if the SEC doesnt halt Krappohii now then screw it
Message 19295305
The Cash Cleaners By Janice Castro 10/24/98
....Besides the alleged laundering services described in the indictments, BCCI has been accused of handling secret accounts for such clients as Panama's allegedly drug-dealing dictator General Manuel Noriega and Saudi financier Adnan Khashoggi. According to congressional testimony made public last week, Amjad Awan, a former BCCI officer arrested at the phony stag party, told a Senate subcommittee last month that he had made political payoffs for Noriega out of a BCCI account. In 1986 Khashoggi transferred $12 million from a BCCI account in Monte Carlo to an arms dealer to help purchase weapons used in the Iran-contra deal.....
time.com
SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 15952 / October 27, 1998
SECURITIES AND EXCHANGE COMMISSION v. BRIAN M. VOLMER, JOHN
R. SWITZER, INTERNATIONAL ALLIANCE TRADING, INC., and SUN
PACIFIC CAPITAL GROUP, INC., Civil Action No. 98-
8698JFL(MCX)(West. Div.)(C.D. Cal. October 27, 1998).
SEC SUES PROMOTERS WHO TOUTED STOCK ON THE INTERNET AND IN NEWSPAPER ADVERTISEMENTS
sec.gov
HOW DID MARCHESE WALK FREE?(Business)(Column)
Rocky Mountain News (Denver, CO); 4/28/1996; Knox, Don
Byline: Don Knox Rocky Mountain News Business Editor
Richard Marchese's ostrich-skin cowboy boots are made for walkin' - especially in Denver.
The notoriously flamboyant ex-penny stock huckster strode out of U.S. District Court two weeks ago, probably grinning widely. He was acquitted of nearly three dozen mail-fraud and money-laundering charges in a case so old, it'd be finishing second grade this year.
You probably didn't follow the Marchese (Mar-kay-zee) case. How could you? TV wouldn't touch it, and neither, really, did the newspapers. The two-month trial was so agonizingly arcane that prosecutors gambled on having it decided by Judge Lewis Babcock rather than by a jury sure to be tainted - by boredom.
The feds bet wrong.
And Marchese, like so many other high-profile Denver white-collar crime suspects before him, walked.
The easy conclusion to reach would be that Denver's federal prosecutorial team stinks as bad as the '62 Mets. I thought that for a while. With the Marchese verdict, I am persuaded otherwise.
This judgment requires no special insight into Marchese's world - allegedly populated with blind pools, reverse stock mergers, secret cash payoffs and overseas bank transactions. Nor does it necessitate forming a conclusion on his guilt or non-guilt.
The law of averages would lead a reasonable person to wonder: Does the federal system - or perhaps just the Denver district - give the kid-glove treatment to white-collar suspects able to hire local Dream Teams?
To be fair, the government did convict the 74-year-old chairman and CEO in the case of fraud-riddled MiniScribe Corp. But it still might be lost - it's on appeal.
One of the few high-profile convictions to stick in the '90s was that of ex-Denver penny stock king Meyer Blinder. It was tried in - surprise! - Las Vegas. Blinder's empire operated from Denver, but the selection of the Nevada venue wasn't accidental.
Parallels abound between Blinder and Marchese: both were brash, street smart - and, at different times and at different firms, headed the nation's largest penny brokerage.
But in important ways, they differed.
Marchese was younger and meaner than Blinder.
By 30, he mastered the art of cold-calling but bullied his brokers. The base of his desk at Power Securities Inc. was said to house an aquarium complete with a large fish whose most notable feature was not gills but teeth.
Power Securities sold $20 million in stock that's now worthless, or virtually worthless. So the market goes, Marchese must have rationalized. Trouble was, Wall Street's bulls were running hardest during the years Power's clients lost their shirts.
Marchese was outraged by a colleague's decision to turn state's evidence to testify against him. He could not have been angry long.
Today, Marchese is free: even to sell stock. The feds' only hope is to dust off a civil lawsuit. It seeks to bar Marchese from the business and to get a damage judgment.
But that's only if it can win a friendly ear in Denver's federal district, where the laissez-faire spirit of the West lives and where prosecutors have a hard time keeping people from putting on their boots and walking out of town.
Rocky Mountain News
Looks like his ostrich-skin cowboy boots were made for walkin' in 1996 but his partner took the fall.
kscourts.org
Story changed in January 1999!
SECURITIES EXCHANGE COMMISSION
Release No. 40966 / January 22, 1999...
Accordingly, IT IS ORDERED THAT:
A. Marchese is barred from association with any
broker, dealer, investment company, investment adviser or
municipal securities dealer; and
B. Marchese is barred from participation in any
offering of penny stock.
By the Commission.
sec.gov
One has to wonder about your money making association with a guy who has such a dubious history. Says more about you than you'd care to admit? Was he one of the 41 SI Aliases Subpoenaed? lma(zz)o |
