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


To: scion who wrote (112678)3/30/2011 1:13:48 PM
From: scion  Read Replies (1) | Respond to of 122087
 
Last week, Sterling Global Holdings sent a similar letter to Eastman Kodak Co. offering to buy the Rochester, N.Y., company for about $1.3 billion, or $4.81 per share. After the offer was made public, Kodak's shares rose to $3.60 from about $3.25 before falling to $3.40 on Tuesday.

In an interview with the Rochester Democrat and Chronicle, Weintraub said his company buys distressed firms.

"I have been buying distressed companies for the past 15 years," Weintraub told the paper.

"Our dealings have been in the hotel and casino area as well as buying assets of large bankrupt companies such as GM and Chrysler," he said. "We have bought some of their dormant properties and land left in the bankrupt entities. Our company looks for companies that have turnaround potential."

Kodak has also said it had never heard of Sterling Global until it got a letter. Kodak confirmed that Sterling Global is not a shareholder.

Staff writer Scott Nishimura contributed to this report.

Andrea Ahles,

817-390-7631

star-telegram.com



To: scion who wrote (112678)3/30/2011 1:52:30 PM
From: scion  Read Replies (1) | Respond to of 122087
 
Allen E. Weintraub

google.co.uk

Insurance Product Fraud

Global Insurance Group
Allen E. Weintraub

Action Date: August 25, 2005
Location: Golden Beach, FL

On August 25, 2005, Allen E. Weintraub was arrested at his multi-million dollar home in Golden Beach, Florida, and charged with 45 counts of grand theft, 45 counts of transacting insurance activity without a certificate of authorization, and one count of organizing a scheme to defraud. Weintraub operated as Global Insurance Group, an unlicensed insurance company, and sold over $100,000 of non-existent windstorm insurance to at least 45 consumers. The phony policies were sold to his victims through licensed agents. The SEC recently issued an order against Weintraub requiring him to pay over $1 million in restitution and fines and barred him from doing business in the securities industry.

frauddigest.com