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Microcap & Penny Stocks : SEXI: Mostly Fact, A Little Fiction, Not Vicious Attacks -- Ignore unavailable to you. Want to Upgrade?

To: Charles A. King who wrote (12496)	12/22/1997 9:13:00 PM
From: s martin	Respond to of 13351

Hi Skeeter, Thanks for that link. Barclay may have other charges pending against him by other agencies. Wonder what happened to Loretta and their son, they were also involved. Could make house arrest a family matter. <G>

To: Charles A. King who wrote (12496)	12/22/1997 9:37:00 PM
From: michael d kugler	Read Replies (1) \| Respond to of 13351

Charles, Let's get them all. What they did to SEXI and CCIC shareholders was.......well....criminal.

To: Charles A. King who wrote (12496)	12/23/1997 3:37:00 PM
From: Carl Pergler	Respond to of 13351

Followup story in today's Washington Post (Page C-3): "A Las Vegas penny stock promoter pleaded guilty to criminal securities fraud charges yesterday and then was hit by the Securities and Exchange Commission with a civil lawsuit alleging he rigged the stock price of Systems of Excellence, Inc., a now defunct Northern Virginia technology Company. The charges against Barclay Davis, 50, are the latest filed by a penny stock task force launched by the Justice Department, the SEC, and the Internal Revenue Service after the collapse a year ago of Systems of Excellence, which was known by its stock-trading symbol SEXI. The SEXI investigation has grown to include stocks of more than a dozen companies and a nationwide network of brokers and stock promoters, who allegedly ran up the price of the stocks of small companies, then sold the shares. Davis, described by the SEC as a "serial stock manipulator", pleaded guilty at a hearing in federal court in Las Vegas to one charge of money laundering and another of conspiracy to commit securities fraud." The rest of the article is a brief recap of the AP story and circumstances. I would be happier with recovered or confiscated assets. I still find it crazy that a poor punk from the hood can hold up a 7-11 store for 60 bucks and get more jail time. We should start a justice reform group to lobby for more equitable punishment in a non-country club setting. Regards and best wishes for the holidays, Carl