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


To: Done, gone. who wrote (94676)7/11/2006 12:00:43 AM
From: Tommy Hicks  Read Replies (1) | Respond to of 122087
 
FBI Agent

First offense

vs.

Repeat offender

Fickle?

th



To: Done, gone. who wrote (94676)7/13/2006 12:02:04 AM
From: aristox  Read Replies (2) | Respond to of 122087
 
FBI Agent Gets Probation for Fraud Role

NEW YORK (AP) - Former FBI special agent Lynn Wingate was sentenced to probation for her role in a 2002 criminal case involving the use of confidential government information to manipulate the stocks of small companies.

She also was fined $2,500 and must serve 550 hours of community service.

The U.S. government had asked federal judge Raymond Dearie to sentence the agent to 10 to 16 months of imprisonment.

Wingate was one of two Federal Bureau of Investigation agents ensnared in the government case against short seller Anthony Elgindy. She pleaded guilty to obstruction of justice last year and was scheduled to be sentenced Wednesday.

Elgindy was convicted in January 2005 of racketeering, conspiracy and securities fraud. Elgindy and others were charged in May 2002 in U.S. District Court for the Eastern District of New York for their parts in a scheme involving the use of confidential information to manipulate the stocks of companies. Elgindy was recently sentenced to more than 11 years in prison and ordered to forfeit $1.5 million.

Wingate's former boyfriend FBI special agent Jeffrey Royer was also found guilty of racketeering conspiracy, securities fraud and obstruction of justice in the case. He was scheduled to be sentenced on July 28 but this was postponed.

In Wingate's case, federal prosecutors alleged that she helped then-boyfriend Royer to illegally obtain non-public information contained in federal databases after he left the bureau in December 2001. She was charged with obstruction of justice for having impeded an investigation into suspect trading activity ahead of the attacks of Sept. 11, 2001.

© 2006 The Associated Press. All rights reserved
news.moneycentral.msn.com