To: Richard Mazzarella who wrote (6292 ) 6/21/1998 10:23:00 PM From: Ed Fishbaine Read Replies (2) | Respond to of 14226
To all I just receieved the letter below from Twiford. I tried to call the SEC number on the letter from thall but there is no such number.I also wonder who the SEC letter dated 2/15/95 was addressed to "My attention has been brought to a posting on the Internet a few days ago. a person by the name of Tim Hall from Socorro, NM who is apparently anti-GPGI brought up by a fact about myself that he probably thought could seriously damage the credibility of GPGI. These are the real facts: 25 years ago I fought the SEC Commission in Denver and lost. I never tried to hide the fact but I am not about to broadcast it. I worked with a company called Polaris Mining Co. and ran a small mining prospect for them in Arizona. Upon a complaint by a very small stockholder the SEC decided to investigate Polaris. After spenmding hundreds of thousands of dollars of taxpayer money in a futile investigation they could find nothing wrong with the Management or the company, so in order to justify their expense they decided to attack the next best target, myself. I came to the arraignment at my convenience and pled not guilty and hired an attorney. I was innocent of all charges but being much younger and terrified of the judicial system I was told by my attorney to plea bargain and I would receive probation, otherwise be prepared to spend at least $50,000 in attorney fees to defend myself and go to a jury trial. Not so! I should have gotten a public defender and gone to trial, but being terrified of the system I took the easy way out. I pled guilty to transferring $5,000 from the account in Arizona to the account in Colorado, all for company use, not personal. If that is a crime then I am a "monkey's uncle". Anyway, this was during the heyday of the "white collar" crime era so the Judge gave me a year to show up by myself. No jail, no handcuffs, no arrest. I served 4.5 months for good behavior and left. Since that time I have not even had a parking ticket. I have never held and never will hold office in a public company. Since that unfortunate experience I have been extremely careful not to state or do or write anything that I cannot prove or backup. I really feel sorry for Mr. Hall who I understand works for Dicaperl Minerals in Socorro, NM with apparent good credentials, for trying to dig up dirt on anybody even remotely connected to GPGI. I hope to talk to him face to face man to man at a later date." Russell Twiford