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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: Wolff who wrote (33710)	4/29/1999 6:03:00 PM
From: StockDung	Read Replies (1) \| Respond to of 122087

"We chose Coyote after an extensive review of multiple equipment vendors. We had aggressive growth plans that required considerable capital and at the same time, we needed multiple technologies and software to cover our needs," said **Sam Deeb, general manager, Wireless USA. "Coyote provided a total business solution that meets our business requirements." Guess who Sam Deeb's cousin????? Todays quiz CYOE fans. Flodyie all knowning. 1997-05-28 -- Stock Manipulation Scheme Yields 7+ Years in Prison Irvine Man Sentenced in Multimillion Dollar Plot to Artificially Increase Stock Value. Case Is Largest of its Type in SoCal. LOS ANGELES, May 28 -- Concluding the largest stock manipulation case ever prosecuted in Southern California, an Irvine man has been sentenced to 87 months in federal prison for running a multimillion dollar scheme that fraudulently manipulated nearly all of his company's publicly traded stock, United States Attorney Nora M. Manella announced today. Ahmad Naim Bayaa, 43, was president and primary shareholder of Southland Communications, a Santa Ana-based pager company. He was convicted last year of 12 felony counts related to a scheme in which the price of Southland Communications stock wasartificially driven up. United States District Judge Richard A. Paez sentenced Bayaa late Tuesday. The defendant was originally scheduled to be sentenced in February, but he failed to appear at a hearing. He was a fugitive for one month until he was taken into custody on suspicion of forgery and passing counterfeit checks. Those charges are currently pending in Orange County Superior Court. At sentencing, Judge Paez increased Bayaa's prison term because the defendant substantially interfered with the business of the court when he knowingly and willfullyfailed to appear. During a two-year conspiracy, Bayaa and codefendant *Abdul Deeb*** secretly purchased large blocks of Southland Communication stock using the names of other individuals. As the stock value increased, profits were used to purchase additional shares, according to Assistant United States Attorney Barbara Scheper. By March 1990, Bayaa and Deeb had secretly gained control of 88 percent of Southland Communications stock, the prosecutor said. The stock manipulation scheme permitted Bayaa and Deeb to artificially drive up the share price of the stock. In a two-month period in 1990, the price of the stock jumped from $8 a share to $17 a share. Bayaa and Deeb bought Southland Communications stock on margin, with six brokerage houses providing 50 percent of the capital. In April 1990, the Securities and Exchange Commission suspended trading in Southland Communications, a move that rendered the company's stock worthless. The brokerage firms lost $12 million. Additionally, 12 individual investors lost approximately $500,000. Following a jury trial in May 1996, Bayaa was convicted of one count of conspiracy, 10 counts of securities fraud, and one count of money laundering. Deeb, 45, of Anaheim, was convicted of one count of conspiracy, nine counts of securities fraud, and two counts of money laundering. Deeb, a longtime associate of Bayaa who worked at Southland Communications at one time, was sentenced in February to 63 months in federal prison. A third defendant in the case, Shaw Tehrani, a 45-year-old stockbroker from Georgia, previously pleaded guilty to one count of conspiracy. He was sentenced to four years in federal prison for his role in the scheme. This case is the product of an extensive investigation by the Federal Bureau of Investigation and the Internal Revenue Service Criminal Investigation Division, Southern California District. Release No. 97-135 U.S. Attorney for the Central District of California Nora M. Manella, United States Attorney312 North Spring Street, 12th Floor Los Angeles, California 90012Main Office Number: 213-894-2434 Public Affairs Office: 213-894-6947; fax: 213-894-5377 Thom Mrozek: Public Information Officertmrozek@justice.usdoj.gov Archived News Releases/Documents: usdoj.gov gopher://gopher.usdoj.gov