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To: tonto who wrote (5588)	9/15/1998 2:26:00 PM
From: Just My Opinion	Respond to of 26163

Well you guys do what you want, but just leave "little jimmie" out of it. BN 9/15 Lissack Admits to Harassing Smith Barney Officials on Internet Lissack Admits to Harassing Smith Barney Officials on Internet New York, Sept. 15 (Bloomberg) -- Michael Lissack, former Smith Barney Inc. investment banker turned whistle-blower, has pleaded guilty to using messages posted on the Internet to harass executives at his old firm. Lissack, 40, pleaded guilty in New York State Supreme Court in Manhattan today to second-degree harassment, a violation of state law. He received no jail time, fine or criminal record as long as he doesn't try to contact the Smith Barney executives or their families in the future. The court issued a final order of protection against him. The harassment charges, filed by the Manhattan District Attorney's office in July, were the latest salvo in a long- running feud between Lissack and Smith Barney, now Travelers Group Inc.'s Salomon Smith Barney. Lissack, a former director at Smith Barney, accused securities firms of ''yield-burning,'' or marking up prices of some Treasury securities sold to local governments in debt refundings. ''The technique I used was a mistake,'' said Lissack after leaving the court. ''The preferred technique is to have the U.S. government pursue them for civil and criminal action. These people are directly responsible for the theft of more than $50 million from the U.S. government.'' Lissack is believed to have filed so-called whistle-blower suits against Salomon Smith Barney and other Wall Street firms, although the suits are kept under seal until the Justice Department decides to move on them. E-Mail to Executives At today's hearing, Lissack admitted to sending ''annoying and ''alarming'' e-mail to top Salomon Smith Barney executives, including Co-Chief Executive Jamie Dimon, Salomon Smith Barney Vice Chairman and Head of Global Equity Capital Markets Steven Black, Managing Director of Public Finance Ward Marsh and Co-CEO of Salomon Smith Barney Europe James Boshart. ''We are hopeful that Mr. Lissack's guilty plea, together with the protective order issued by the court, will prevent him from further harassing Salomon Smith Barney employees,'' said Arda Nazerian, a spokeswoman for the firm. Lissack was accused of posting Internet messages that solicited phone calls to the company's headquarters and, in some instances, to the homes of executives. One message asked for support for ''Little Jim, a friend's six-year-old ... just diagnosed with terminal liver cancer,'' and listed Boshart's address at Salomon Smith Barney, according to the complaint. Boshart was bombarded with gifts and calls from well-wishers. The complaint listed a total of six postings circulated from September 1996 to December 1997, including some that were aimed at Lissack's charges of yield-burning. ''The officers of Salomon Smith Barney need your help,'' one message posting said. ''A climate of bad ethics and questionable morals has taken over the firm.... The moral compass has gone adrift.'' The posting gave Boshart's phone number. Lissack has attracted attention ever since he exposed ''yield-burning'' in 1995. The practice gives extra profits to underwriters while circumventing federal tax laws for municipal bonds. In July, an arbitration case between Lissack and Smith Barney over a bonus dispute was dismissed along with Smith Barney counterclaims. --Betsy Jelisavcic in New York State Supreme Court (212) 233- 2257, and Tom Cahill in New York (212) 318-2609, through the New York newsroom (21) 318-2300./brs