To: Rich_1 who wrote (50855 ) 8/5/1998 2:24:00 PM From: s martin Read Replies (1) | Respond to of 55532
Rich/Pugs.. if you were Rich it would amazing that you continually pat Pugs on the back for his posts, since he is using you to post through it is not that surprising.. however.. you may not have seen the latest on KNIC. >>Pugs had a great post where he showed s martin and Kugler working the KNIC thread, one played the shill, one was there to fill him in.<< COMMISSION CHARGES STOCKBROKERS RAFI KHAN AND TIMOTHY TYRRELL WITH STOCK MANIPULATION The Commission filed a complaint in federal district court in Los Angeles charging Rafi M. Khan with fraud for manipulating the stocks of two companies, Future Communications, Inc. (FCMI), and The L. L. Knickerbocker Co., Inc. (KNIC). From June 30 to August 30, 1993, FCMI's stock price rose from $6.50 to $27.25. Two months later, the company declared bankruptcy. From July 3 to August 11, 1995, KNIC's stock price rose from $6 to $52 per share. The complaint alleges that Khan orchestrated these price runs using a variety of manipulative practices, including acquiring substantial control of the market for each stock, executing unauthorized trades, touting wildly exaggerated earnings projections, and promoting a "short squeeze" scheme. The complaint also alleges that Timothy J. Tyrrell participated in the FCMI manipulation by, among other things, orchestrating a collusive trading arrangement with another broker. The Complaint charges Khan and Tyrrell with violating Section 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder, and seeks permanent injunctions, disgorgement of improper trading profits with prejudgment interest, and civil penalties. [SEC v. Rafi M. Khan and Timothy J. Tyrrell, Civil Action No. CV-98-6143 MMM, SHx, C.D. Cal.] (LR-15827) sec.gov