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To: s martin who wrote (13234)11/25/1998 8:40:00 PM
From: Janice Shell  Respond to of 26163
 
I'll be going to sleep soon--it's of course late here--but first I'd like to wish Mikey and all of the AZNT Family a happy Turkey Day.



To: s martin who wrote (13234)11/25/1998 8:58:00 PM
From: Mark_H  Read Replies (1) | Respond to of 26163
 
Wierd....I just got this overwhelming feeling of deja vu.



To: s martin who wrote (13234)11/25/1998 9:04:00 PM
From: zonkie  Read Replies (2) | Respond to of 26163
 
Who was it that said a company can do anything they want? auntie?

biz.yahoo.com
Wednesday November 25, 8:23 pm Eastern Time
U.S. Jury convicts former Ferrofluidics CEO
NEW YORK, Nov 25 (Reuters) - A U.S. district court jury in Manhattan convicted the former chief executive of Ferrofluidics Corp. (Nasdaq:FERO - news) late Tuesday, finding him guilty of securities fraud and conspiracy in falsely inflating the price of the company's stock.

At the end of an 11-week trial, the jury deliberated just four hours before voting to convict the former CEO, 59-year-old Ronald Moskowitz.

According to evidence presented at the trial from 1991 to 1993 Moskowitz conspired with other officers and consultants of the firm to inflate Ferrofluidics' share price, using false news releases, misleading Securities and Exchange Commission filings, falsified minutes of board meetings and fraudulent public disclosure of non-existent contracts.

The jury found that Moskowitz overstated the company's 1992 net income by $1.6 million on reported revenues of $3.5 million.

Moskowitz personally profited from the fraud by selling $14 million in Ferrofluidics stock through family trusts he controlled, according to the U.S. Attorney's office in Manhattan.

The evidence also showed that Moskowitz had the company issue back-dated warrants to pay the publisher of The International Investor, a market newsletter, to promote Ferrofluidics shares, the U.S. Attorney said.

Moskowitz faces a maximum of 15 years in prison when he is sentenced before Judge Michael Mukasey Feb 26.

z.......