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Microcap & Penny Stocks : Naked Shorting-Hedge Fund & Market Maker manipulation? -- Ignore unavailable to you. Want to Upgrade?

To: rrufff who wrote (2142)	12/5/2006 12:10:40 PM
From: ravenseye	Respond to of 5034

the whole article is worth reading! here is more: Torkelsen became central to the investigation some time after it was launched in 1999 by a former firm client who -- in trying to dodge a long prison sentence for insurance fraud -- told prosecutors he got kickbacks while serving as a persuasive expert witness who helped set the value of many Milberg class actions. After leaving the expert business, Torkelsen started an investment fund -- largely with cash from plaintiffs lawyers -- that led to his downfall: He pleaded guilty last year to bilking the Small Business Administration of about $5 million invested in his fund. Torkelsen's ex-wife, Pamela, is cooperating with prosecutors, testifying in the Milberg case while her ex-husband resists pressure to flip, said lawyers familiar with the probe. Torkelsen is serving a prison sentence of more than five years. L.A. federal prosecutors moved Torkelsen to a downtown Los Angeles detention center months ago to get a handwriting sample and have kept him there. Lawyers familiar with the case -- speaking on condition of anonymity due to the confidential nature of the proceedings -- said Matz's discovery order could provide detailed information on pay arrangements among Milberg, the expert and various plaintiffs firms. www.law.com/jsp/article.jsp?id=1165244464340