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Strategies & Market Trends : Bill Wexler's Profits of DOOM -- Ignore unavailable to you. Want to Upgrade?

To: Cosmo Daisey who wrote (2530)	9/9/1998 7:35:00 PM
From: AHM	Respond to of 4634

I fully sympathize and understand the tremendous harm this must have done to you personally. These are always terrible situations, and I'll bet some youthful officer in your bank, wanting to protect his important position with the bank (it must have been one of the bank's largest trust groups) saw what was happening and somehow thought he could handle the situation before anybody above him found out about it. Probably the board on which you served never knew what was happening until it was too late. It's not unlike the Hong Kong trader who brought down one of England's oldest and most highly respected banks by hiding material information from his management until it was too late. My guess you and other directors and senior officers were victimized by an officer junior to you. This is even worse that being victimized by a management that has committed deliberate fraud that would not have been uncovered except for an unsolicited visit by an employee who knew, in Ray Dirks case, that he had placed his reputation on the line and recently poured countless millions belonging to his institutional following into the company. PS - I like your comment in your profile under "Other Info".