SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : ABFG - AMERICAN BENEFITS GROUP, INC. -- Ignore unavailable to you. Want to Upgrade?


To: Jeffrey S. Mitchell who wrote (1141)4/16/1999 4:08:00 AM
From: DoubleOddBuck  Read Replies (1) | Respond to of 4128
 
LOL !

You guys are toooo funny.....

HEY, just thought of something, maybe your theory of Skylar is correct, if he was in Washington Hobnobbing with the politicians then he must be a crook !! hahahaha

Considering "Billy Boy and the Washington Gang" is the biggest scam in town maybe your on to something ! LOL



To: Jeffrey S. Mitchell who wrote (1141)4/16/1999 7:22:00 AM
From: dreamer  Respond to of 4128
 
LOS ANGELES (AP) _ An employee of California-based PairGain
Technology Inc. was arrested today in North Carolina on federal
charges of fabricating a Bloomberg news service report and posting
it on the Internet, driving up the company's stock.
The FBI arrested Gary Dale Hoke, 25, at his Raleigh, N.C.,
home
on charges of securities fraud for allegedly disseminating false
information about the company, whose stock is publicly traded, the
U.S. attorney's office in Los Angeles said.
Hoke was arraigned in North Carolina, ordered to report to
California at an unspecified date and released on $50,000 bond,
said Assistant U.S. Attorney Christopher Painter. The prosecutor
described Hoke as a middle- level employee.
Securities fraud is punishable by up to 10 years in federal
prison and a $1 million fine.
The hoax was perpetrated by copying Bloomberg's Web page
design
and creating a false news story that on April 7 caused a dramatic
increase in the trading value of PairGain, a Tustin, Calif., maker
of telecommunications equipment.
The bogus report said PairGain would be acquired by an
Israeli
company, ECI Telecom, for $1.35 billion, or about twice its market
value at the time. During the day, the value of PairGain stock rose
as high as $11.12{ from a closing price the day earlier of $8.50.
When it was determined that the story was fake, the stock
price
dropped.
Hoke was accused of creating the false report in a federal
complaint filed late Wednesday in federal court and unsealed today.
The complaint charges that investors who paid the inflated price
for PairGain were defrauded.
The government complaint does not specifically allege that
Hoke
traded in PairGain stock on April 7, but an affidavit said Hoke has
a history of using online trading companies to purchase and sell
securities, and he traded PairGain stock as recently as January.
The complaint names one victim of the hoax, a Santa Ana,
Calif.,
investor who purchased 1,500 shares of PairGain stock after
learning of the report.
The complaint alleges Hoke used a free Web page service
operated
by Angelfire.com and a free e-mail service operated by Hotmail.com
to create the scam.
The FBI used recorded Internet addresses to make the trace,
the
U.S. attorney's office said.
According to prosecutors, Hoke also allegedly posted a bogus
e-mail message about PairGain under the subject line ''Buyout
News'' on a financial news message board operated by Yahoo! Inc.
The message contained a link to the bogus Bloomberg site.
This week, Bloomberg LP filed a lawsuit over the hoax in U.S.

District Court in New York City. The lawsuit identified the
defendants only as John Does and seeks unspecified damages. An
attorney for Bloomberg said the suit would help the company learn
the identities of those involved.
_______________________________________




To: Jeffrey S. Mitchell who wrote (1141)4/16/1999 1:19:00 PM
From: Spamboy  Respond to of 4128
 
Howdy Jeffrey!

You know what Pardner? I REALLY don't like to cut
anyone off because I believe EVERY opinion is of
value. I asked you in the most respectful way I
could, to not infer or imply that I was trying to
mislead anyone or participate in "hype" and once
again you have come through by showin' that you
are incapable of respecting other people's opinions
and rights to participate in open discussion.
Therefore, you give me no other choice but to NOT
respect your opinion or right to participate in
open discussion(s) with me.

You are obviously on this thread for your own
personal motives, which I highly suspect are to
cause as much damage, doubt and injury to ABFG
and their shareholders as possible. To this I
must say..."You will NOT succeed, Amigo"! ABFG
is bigger than you or I, and it will either make
it or not and that destiny will NOT be altered by
anything you or I say on this or any other thread.

Please with all due respect.....Take your accusa-
tions, innuendoes, direct insults and indirect
character attacks to someone that cares. In other
words, send your messages to YOURSELF! I will no
longer respond to any of your messages.

Best of luck to you and all those you love and
care for, my friend.

"Happy Trades".......Kowboy