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Microcap & Penny Stocks : 10-Bagger MINIMUM Rise from July 1, 2005 until December 31, -- Ignore unavailable to you. Want to Upgrade?

To: rrufff who wrote (390)	9/23/2005 6:30:07 AM
From: Walkingshadow	Read Replies (1) \| Respond to of 1694

Hi rrufff, You are right. I read through all that stuff about his trial. None of that stuff is really very significant, though it might be technically illegal.... making calls about particular shorts, then a bit of a delay in transmitting the call to his followers. That's no big deal, in my book. And if it were just that, there probably would never have been an investigation, much less charges and a trial. But as you say, that's not the meat and potatoes of the government's case, as anybody who has read about the case from other sources knows. I realize he wasn't prosecuted for the things he posted on SI or his website. Nobody cares if he mouthed off on SI or made calls on shorts on his website for pinkie dogs that went down, or even that he was shifting his own positions around and probably was benefitting from a bit of front running. That's penny ante stuff. There were some far more serious allegations, as you point out, and he was found guilty of those. Among them extortion, and as I recall racketeering, and God knows what else he was up to, but he sure wasn't collecting for the Little Sisters of the Poor.....Really, I agree with you. Not sure what you thought I meant from my post, but I was certainly not coming to his defense. Now, all that said, there's a bigger issue here that I have problems with. And that is the double standard of law as applied to the likes of Elgindy, and the way it is applied to the big players. Tyco and the recent cases are really anomalies. The fact is that there is a ton of illegal activities going on routinely that are simply never prosecuted or even investigated. I think you post on the naked shorting thread, so I think you know what I mean there. On the other hand, to maintain the appearances that every infraction is being prosecuted, from time to time they'll pick some case like Elgindy's, and just crucify the guy. The take home message is that you are supposed to conclude that this is how they deal with everybody and every single infraction, and that's just laughable. Now again, that in NO way absolves Elgindy, he's just flat legally guilty, and so must and should face the consequences. Zero question there, IMHO. Just because they allow others to do far worse does not mean his wrongs are right. Or legal. So yes, Elgindy is legally guilty. No question. I am no defender of that guy at all. T