Tony carried a gun, is that normal? (cough cough the camps) He didn't cave into coercion but others did comply! hmmmm (mobster??)
BusinessWeek Archives Dec 16,'96
THE MOB ON WALL STREET--PART 1
A three-month investigation reveals that organized crime has made shocking inroads into the small-cap stock market
..... ''YOU'VE MADE A FRIEND''
First Colonial Ventures Ltd. is a minor venture-capital firm whose stock trades on
the OTC bulletin board--so small that it is not required to file more than token
disclosures with the Securities & Exchange Commission. But for market makers in
small-cap stocks, First Colonial looms huge. It is an object lesson: When the Mob
speaks, market makers obey.
The incidents took place early in October, one week after the assault at Sharpe.
First came a beating. A trader at Naib Trading Corp. in Fort Lauderdale was
summoned to the office of a man by the name of Roy Ageloff. The trader has told
associates that Ageloff had beaten him once before with a nail-pierced baseball
bat. This time, he said, Ageloff left the room. Then a 400-pound hoodlum knocked
him down and kicked him while he was on the floor. The message: Stay away from
First Colonial.
The trader at Naib was not the only one to suffer ''persuasion'' over First
Colonial. Sources say that four other firms were approached with warnings to cease
trading in the stock. To be sure, it was not a total success. There was one
rebuff: A market maker in the little town of Hurst, Tex., Anthony Elgindy of Key
West Securities Inc., says he ignored warnings that traders who did not comply
would soon be ''facing the ceiling''--and has received numerous threatening phone
calls since then. But at two other market makers, the intimidation worked. They
ceased making a market in First Colonial.
The market makers dropping the stock were William V. Frankel & Co. in Jersey City,
N.J., and the biggest name in NASDAQ stocks: Herzog, Heine, Geduld. Sources say
traders at both firms quit trading the stock after receiving menacing visits at
their offices. ''We decided we shouldn't get involved in a stock like that,'' says
Herzog's head trader, Irwin Geduld. Was anyone at his firm threatened? ''We
weren't,'' said Geduld. ''Someone else was.'' (A Frankel trader, who declined to
give his name, says: ''We have no comment whatsoever about First Colonial
Ventures.'') Even a brokerage that was not a market maker, D.L. Cromwell
Investments Inc. in Boca Raton, received a visit from a thug, a source says. The
visitor left after demanding, and being shown, proof that the firm was not a
short-seller in the stock. Cromwell officials declined comment.
Sources say that traders who caved in to coercion later received expensive bottles
of liquor with a note that read: ''You've made a friend.'' But the market makers
who dropped First Colonial were making no new pals among investors. Since the
incident, the ask price paid by the public for buying First Colonial stock has
climbed--from a low of $1.13 on Oct. 2 to as high as $4.13 in recent trading. But
the bid price that the public gets when selling the stock back to the Street has
been far less buoyant. The bid promptly rose from a low of 87 cents on Oct. 2 to
$1.50 and has stayed at about that level, even as the ask price has skyrocketed to
almost three times that figure. (On Oct. 4, according to a letter sent to market
makers obtained by BUSINESS WEEK, the NASD launched an inquiry into the dropping
of First Colonial stock by market makers. The NASD declined comment on the
investigation.)
Who was behind the wave of intimidation over First Colonial? NASDAQ trading
figures point toward a New York-based firm called PCM Securities Ltd. PCM was the
largest market maker in First Colonial in September, with 48% of the trades. By
October, however, this rose to 75%. PCM completely dominated the market in First
Colonial.
Although he is not listed in NASD records as a control person or even as an
employee of PCM--or of any other brokerage--Street sources say that the power
behind PCM is the 37-year-old Ageloff. He did not respond to numerous messages
left at PCM's office in Boca Raton. An employee there said Ageloff nowadays spends
most of his time there, punctuated by frequent visits to New York. Asked about
Ageloff, Steven Edelson, PCM's principal, denied that Ageloff has any role in the
firm and says he has met him only once. Edelson had no comment on its trading in
First Colonial, and First Colonial President Murray Goldenberg said he was
''shocked'' to hear reports of intimidation of market makers.
(Continued on next screen)
By Gary Weiss
businessweek.com
In Tony's own words about being a Mother Thereza Humanitarian Organization "agent"
and Mr. Lozman (Fane Lozman??)....
Message 13821427
His trading equipment now includes a loaded gun, he says, to defend himself
against death threats.
wired.com
Anthony @ Equity Investigations, Dear Anthony,
To: EightyEight who wrote (56717) 5/19/2000 11:38:00 AM
From: Anthony@Pacific Read Replies (10) 56719 of 90971
I am going to stop posting on SI early, Bear Down is in charge of the thread..
( Im keeping all my shorts open and My longs )
Be Good and .. be safe.
Peace,
A@P
Message 13739539
Anthony @ Equity Investigations, Dear Anthony,
To: Anthony@Pacific who wrote (56719) 5/19/2000 4:23:00 PM
From: tool dude 56729 of 90971
Tony it would be impossible for me to thank you enough for the countless times you
have saved me from the market crims.You have also changed my life for the
better.I'm very greatful for the great times as well as the knowledge you've given
me.You could have easily left me long in KTEL where me and Truthseeker were long
but instead you clued us in and saved our tails,I'll always be thankful for that
and cherish the great times we've had bustin scams!Like I said, too much to thank
you for dude so I wont even try!I hope our friendship is eternal.Your pal Pete
Message 13742138
A Brief History of Financial Message Boards.....
August 2000 An online poster identified only as "Anthony Elgindy" issues a press
release announcing that Emulex is under investigation by the FBI. This causes
Emulex stock to plunge 50% in one day. "Anthony" is quickly tracked down by
cyber-vigilantes seeking a $5,000 reward, and revealed to be a convicted
shop-lifter from Las Vegas, who the FBI later imply is a member of the Taliban, Al
Qaeda and Iraq's corrupt Westerga'ard party....
funphone.com
Posted on Sat, Jun. 08, 2002
Man of many faces fights federal charges of fraud
AMR I. ELGINDY HAS THRIVED ON THE MARGINS OF THE STOCK MARKET
By David Barboza and Alex Berenson
New York Times
...Over the last decade, Elgindy chiseled a small fortune out of the often sleazy
world of penny stocks, tiny companies that can double in a day and fall just as
fast on waves of rumor and speculation. Along the way, he played off the fringe
brokerage firms that pump penny stocks up against the short-sellers who try to
take them down, and he became a source of tips for both regulators and
journalists.
``He always had an in with somebody,'' said Stuart R. Allen, a former investigator
with the Securities and Exchange Commission. ``If it wasn't the authorities, it
was the press.''
In the backwaters of the securities industry, where brokers can look more like
bouncers and criminal records are common, the battles between long-sellers and
short-sellers can be vicious and personal.
Carried a handgun
Elgindy seemed to thrive on the tension. On ABC's ``20/20'' five years ago, he
said with relish that he carried a handgun and had ``received a bullet in the
mail, a bullet with my name on it.''
``Three-hundred-pound guys walking into an office beating you up, making you do
this, do this,'' he said. ``It's happening. It's happening on Wall Street. That's
not going to happen to me.''
As his fortune grew, Elgindy acquired the trappings of wealth, including a
Ferrari, a Bentley and a Hummer. Last year, he moved with his wife and three young
sons into a $3 million house in the wealthy northern suburbs of San Diego.
But the money apparently did not change Elgindy's behavior. His own lawyers have
called him ``edgy'' and ``intimidating.'' Several neighbors recalled being
irritated by his speeding along the narrow, hilly streets near his new home.
``It was obvious he had achieved a certain level of success,'' said one neighbor,
Rick Engebretsen. ``You'd think a certain amount of maturity would come along with
that. But it didn't as far as I could tell.''
Engebretsen watched one morning last month as FBI agents stormed Elgindy's
mansion.
``He seemed squirrelly, wiry. On the surface level he was OK, but my wife and I
had a terrible feeling about him,'' Engebretsen said. ``Was I surprised that I saw
his house raided? No, I wasn't. I'd thought he was going to come out of there in a
body bag or a raid.''.....
mercurynews.com
9/11/2001
[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 1929530
...Kenneth Breen, an assistant federal attorney assigned to the case, added that
one Amr Ibrahim "Anthony" Elgindy, a financial consultant and co-conspirator named
in the indictment, notified his Salomon Smith Barney broker to to sell off
$300,000 worth of stocks from his children's trust funds. While chatting with his
broker by phone, Anthony Elgindy predicted that a stock market crash was imminent
and the index would fall to 3000 (it did).4 The broker contacted the FBI, but
Elgindy explained away his apparent foreknowledge of the 911 terrorist assaults
with the alibi that he'd been trying to unload the stock shares for several weeks
(this explanation didn't rule out the possiblility that Elgindy's foreknowkedge
preceded 911 by the same margin, however).
Elgindy had co-conspired lustily for shares in a communications company,
GenesisIntermedia (GENI). It was a stock pumping orgy. The proprietors of GENI
were Adnan Khashoggi and Ramy El-Batrawi (both career criminals lurking behind
their GENI blind would be instrumental in a wide-ranging disinfomation campaign
waged to confuse the public after 911).
In the sealed indictment, opened in November of the same year, a bit of
transcribed dialogue was included in the evidence file that referred to an
"Anthony" receiving "$1.8 million" to inflate the price of GENI stock....
questionsquestions.net
pages 59 and 65 - Same Anthony?
Ring-a-ling the recorded market related phone thing...
lma(zz)o GENI in a RB Bottle....???
mjktrustee.com
TS - would you care to explain what tony meant about who owned thetruthseeker.com
site?
To: Joe Lyddon who wrote (64321) 12/10/2000 10:29:10 PM
From: Anthony@Pacific Respond to 64323 of 90919
It is my site and the old site was taken down by the moron who refused to give up
control over it even though he was paid for it by the truthseeker 800 bucks..
So I am offering a home for his reports as a courtesy to him because he is a
friend and doesnt trade and does all of this as a hobby..
I spoke with him on the phone toniught, after he got back from Church, and he has
tried to get control of hios own namesake site for over a year now and no
luck...so I offered to allow him to use my site Inside truth and he accpeted ....
Thats all there is to it.
Go see who owns the truthseeker.com site and you will know why.
siliconinvestor.com |
