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To: zonkie who wrote (6867)	9/24/1998 1:58:00 AM
From: zonkie	Respond to of 26163

off topic: Federal prosecutors in New York have charged stock promoter Michael Sebastian Neufeld with allegedly bribing a Federal Bureau of Investigation (FBI) undercover agent posing as a stock broker, to sell shares of a specific company. The arrest comes almost 18 months after a widely publicized FBI operation netted 45 defendants in a similar sting. Many believed after defense attorneys publicly revealed the named of the firm used in the original case that the FBI had stopped the sting operation. In the most recent case, an undercover FBI agent posing as a stock broker was approached by Neufeld and offered 15,000 shares of Kelcord International Inc. for every 100,000 shares of the company the "broker" could sell to clients. Kelcord's shares were trading at 59 cents and Neufeld wanted to boost the price to $3 a share according to the complaint. (Wall Street Journal, February 9, 1998)

To: zonkie who wrote (6867)	9/24/1998 2:01:00 AM
From: zonkie	Respond to of 26163

off topic: Patrick Kephart and Scott Mijares, settled Securities and Exchange Commission allegations, without admitting or denying the charges, that they bribed several stockbrokers so they would sell certain securities to their clients. Kephart agreed to pay $25,297 of the profits he received, plus prejudgment interest and penalties. Mijares agreed to repay $19,002 in alleged profits and the same amount in penalties plus interest. According to the SEC complaint, a group of stock promoters, including Kephart and Mijares, made about $2.6 million in profits when they allegedly paid stockbrokers to sell those particular securities to their clients. Furthermore, the stock promoters even issued promotional brochures concerning different public companies without disclosing that they were being paid by the companies to issue the brochures. (Dow Jones News Service, February 2, 1998)