SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : Investment Chat Board Lawsuits -- Ignore unavailable to you. Want to Upgrade?


To: EL KABONG!!! who wrote (9673)6/25/2006 1:26:58 PM
From: scion  Respond to of 12465
 
We have been in this business for over 15 years and always treat your money like it's our own.

Chasing Crooks Inc. is a professional debt collection service based in Fort Worth, Texas. Perhaps you can tell by our name, we're a bit different than the average collection agency. Our skilled team of professional collectors and worldwide network of attorneys specialize in the recovery of commercial debt and judicial judgments. We are dedicated to getting your money back quickly. Plus we provide this service to you on a strict contingency basis. We only get paid when we collect.

We have a15 year track record of proven results. We want Chasing Crooks to be your collection service now and in the future.

A Message from our President

Our mission is to get your money back as fast as possible.

Chasing Crooks Inc. is one of the few collection agencies in America that has its attorneys perform pre-judgment garnishments when necessary and allowed by State Law.

If litigation becomes necessary, we will personally make sure that your Judgment is not just another piece of paper, as most of them are. We will immediately have our attorneys serve the debtor with an Execution and/or Garnishment and even a Turnover Order when necessary, forcing them to turn over all assets, bank accounts, accounts receivable, property and possibly operation of their business to the appointed receiver, until the entire amount of the Judgment has been satisfied, not one penny less.

We have been in this business for over 15 years and always treat your money like it's our own. We are very good at what we do.

Please don't ever hesitate to contact us if you have any questions concerning your collection needs.

Thanks for your consideration and we look forward to handling your most difficult accounts, now and in the future.

John Harrell
President
Chasing Crooks Inc.

chasingcrooks.com



To: EL KABONG!!! who wrote (9673)6/26/2006 6:44:02 PM
From: scion  Respond to of 12465
 
My name is John Harrell and I would like to identify a publicly traded company that committed fraud against all current shareholders of their stock. I will gladly serve as lead-plaintiff in the case against New Century Companies Inc. / NCNC.OB

Posted by: IHDR
In reply to: bucfan33617 who wrote msg# 288
Date:5/23/2006 5:32:55 PM
Post #of 494

bucfan, here's an e-mail I sent .....

to a securities fraud law firm this morning concerning NCNC ...... I was able to sell all my shares this morning between .87 and .75 ..... I read the 10Q last night and just about had a heart attack. I was defrauded big time and I'm going to get a piece of the CEO's ass.
_____________________________________________________________
Schiffrin & Barroway, LLP
280 King of Prussia Road
Radnor, PA 19087

To Whom It May Concern,

My name is John Harrell and I would like to identify a publicly traded company that committed fraud against all current shareholders of their stock. I will gladly serve as lead-plaintiff in the case against New Century Companies Inc. / NCNC.OB

The following company press release first caught my attention back in April, stating the company was forecasting .24 to .28 EPS for 2006. I bought the stock based upon this press release.

biz.yahoo.com

On May 4, 2006, I received a return phone call from David Duquette, NCNC's President & CEO. He was returning my call with regards to my questions about his company. I informed him that I was calling on behalf of a group of investors contemplating buying NCNC.OB stock. Mr. Duquette stated that within the next 2 trading days, NCNC.OB stock would be selling between $1.50 and $1.75 a share, as he had re-employed a top notch PR firm to pump his stock. He stated that this PR firm had pumped up his stock before.

When I inquired about Mr. Duquette's forecasted 2006 earnings of between .24 and .28 on March 30th, he stated that the earnings would be even higher than that, as their pricing capability was increasing dramatically due to demand of their products and services. Hearing all this good news, I bought even more of the stock, as did many many others that I relayed the news to.

Long story short, NCNC.OB released their latest 10Q yesterday (link to follow) and it reflects nothing but increased debt and totally contradicts what the company stated in earlier press releases and what I was told on the telephone by their company President.

biz.yahoo.com

As of this moment, NCNC.OB stock is down 34% today.

Thank you for your assistance. I know many other shareholders who own NCNC.OB stock and would gladly participate in a shareholder lawsuit against NCNC.OB, as I'm sure they'd like to see this scam shut down and the company President put behind bars. I was shocked that NCNC's President would state that his company's stock would be trading between $1.50 and $1.75 within 2 days. Looking back, that statement was as fraudulent and illegal as their current operations are today.

John Harrell
P.O. Box 79779
Fort Worth, TX 76179
Ph. (817)690-3469

cc: David Duquette - President & CEO
New Century Companies Inc. / NCNC.OB

investorshub.com



To: EL KABONG!!! who wrote (9673)6/27/2006 8:38:19 AM
From: scion  Respond to of 12465
 
chikhat
Sane PlayaManiac
# 1123

I'm Selling My Small Restaurant In Playa Del Carme
on: Sep 5th, 2005, 9:17pm

I have 2 small businesses in the U.S.A., each for 12 years. I don't have the time to oversee daily and nightly operations of my restaurant, as I thought I would back in April.

You may contact me at chikhat@hotmail.com or by calling my U.S.A. # 817-690-3469 for further details. The asking price is non-negotiable and at the same time, an absolute STEAL for someone. The business is taking up way too much of my time and I must spend more time in the U.S.A.

Thanks.

John Harrell

playamaniac.com



To: EL KABONG!!! who wrote (9673)6/28/2006 2:24:03 PM
From: scion  Respond to of 12465
 
Suits Focus on Street's Role In 'Naked Shorting'
By RANDALL SMITH
June 28, 2006; Page C1

online.wsj.com

Wall Street's biggest securities firms face a pair of civil-antitrust lawsuits over the role they play in the practice of "naked short selling," which can drive down the price of certain stocks.

The lawsuits, brought by two trading customers, charge that the Wall Street firms' "prime" brokerage operations, which cater to hedge funds and other professional traders, often charge fees for borrowing stocks without actually borrowing them.

Defendants in the case include the 11 largest prime-brokerage operations, led by Morgan Stanley, Bear Stearns Cos., and Goldman Sachs Group Inc., which held a combined 60% share of that market at the end of 2004, according to the Lipper HedgeWorld service-provider directory.

A spokesman for Morgan Stanley said, "We think the suits are wholly without merit, and we intend to defend ourselves vigorously." Officials of Bear and Goldman declined to comment.

Short sellers, who aim to profit by selling borrowed shares and buying them back later at a lower price, routinely rely on prime brokers to locate stock available to be borrowed for such sales. The brokers offer stock lending among other services, including financing and bookkeeping.

The world of short selling will be on display today at a Senate Judiciary Committee hearing on the relationship between hedge funds and securities analysts.

In naked short selling, short sales are executed without borrowing or arranging to borrow the securities in time to deliver them to the buyer within the standard three-day settlement period after the trade. A Securities and Exchange Commission rule, Regulation SHO, curtailed naked shorting. But the lawsuits note that failures to deliver have declined only 20% since the rule's adoption in January 2005.

One of the lawsuits, by Electronic Trading Group LLC, which was filed in federal court in Manhattan, says the prime-brokerage services collusively condone "chronic failures to deliver by which clients are charged for 'borrowing' when in fact no borrowing actually takes place."

The lawsuits say the brokers charge fees of as much as 25% annually for hard-to-borrow stocks to which they mightn't be entitled. The prime-brokerage firms act reciprocally to avoid forcing delivery for each other's trades, the lawsuits maintain, adding that the firms instead operate a system of "phantom," book-entry transactions.

The Electronic Trading Group lawsuit was filed April 12 by Entwistle & Cappucci LLP, which also represents the other plaintiff, Quark Fund LLC. Both trading firms are less active than they were previously, said Vincent Cappucci, the firm's lead partner on the case.

Some traders agree with some of the lawsuits' allegations, according to interviews with people on Wall Street. But other potential plaintiffs are "concerned" about going public with such assertions, fearing a possible loss of access to Wall Street services, Mr. Cappucci said.

The lawsuits highlight the obscure mechanics of short selling, which are under scrutiny by regulators, including the New York Stock Exchange, in the decline of Vonage Holdings Corp., an Internet telephone-service provider whose stock price has tumbled 48% since its initial public offering May 24.

Vonage's stock encountered heavy short selling on its first day of trading, and NYSE regulators have asked Wall Street brokers for records of trades including short sales, and how naked short sales were handled. Vonage shares have been listed as hard to borrow since the IPO, and its shares also have experienced high rates of delivery failures -- another sign of naked shorting.

Some short sellers say they can't knock down stock prices because of "uptick" rules limiting such sales when prices are falling. However, the SEC has a pilot program exempting about 1,000 stocks from the rules, which also don't apply to some trades off the stocks' exchanges.

Josh Galper, managing principal of Vodia Group LLC, a financial-services consultancy in Concord, Mass., says the lawsuits may threaten the profit margins of the prime-brokerage business.

Write to Randall Smith at randall.smith@wsj.com1

URL for this article:
online.wsj.com