Stock trader targeted in Sept. 11 probe agrees to return to New York

bostonherald.com ^ | Wednesday, June 5, 2002 | Associated Press

[newgeezer]

If he's guilty, I only regret that we don't allow for public stonings. It's the perfect punishment (and a great deterrent, too).

[Tymesup]

ping

[Senator Pardek]

He is accused of bribing an FBI agent to give him secrets from federal criminal databases and then using the information to make money in the stock market. A current and a former FBI agent were among four others charged in the conspiracy.

!!!

[miamimark]

He was bribing 2 FBI agents-They spin this into a possible 9-11 link and downplay the FBI agent's involvement.

[JBBooks]

He gets data from a criminal data base from crooked FBI agents AND he may have had prior knowledge of 9/11? Man, I hope there is no connection there! Yikes.

[There's millions of'em]

The 9-11 allegations are total bullsh*t. This guy calls numerous brokers every day, he is a professional trader and a well known short seller. The prosecutors are grandstanding with this one.

[DWC]

He liquidated his accounts on sept.10 and you don't see a connection. He states the dow will go down to 3000 and you don't see a connection. No short professional trader I know would do anything so drastic. They would always hedge. No, this guy is bad and we all know it.

[There's millions of'em]

You are misinformed.

He spoke to his broker AFTER the market closed on 9/10 regarding their planned meeting on 9/11. The sales in the accounts (custodian accounts for his kids) took place about 9/18. Do the facts make any difference to your opinion?

[Bob J]

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[WOSG]

I know the man and I know pro Shorts ... they were saying the market would go down because the tech bubble burst ... THEY HAD NO PRIOR 9/11 KNOWLEDGE. This is just a way to stir up trouble and put pressure on him to "cooperate with authorities". He was a short who used the FACTS about con artists to go after scam companies and short their stocks. I am shocked he used FBI information, but let a court decide, he's not convicted yet.

... HE IS INNOCENT OF THIS 9/11 SLANDER, FOR SURE!

[WOSG]

I have a friend who's been calling for 900 on Nazdaq and some perma-bears see 4500 dow. They wont be right, but ...

[Fred Mertz]

WOSG, how well do you know this man?

[Freedom of Speech Wins]

WSJ article said he sold 9/10.

Where do your facts concerning a sale date of 9/18 come from?

[WOSG]

I have been shorting stocks for over 3 years now and have followed his website and SI message board. He's had a lot of good ideas and is mainly a scambuster. That means he has been doing the work of angels, stop "pump-and-dump" scams from playing out and lining pockets of boiler room operators. There's been a ton of them since 1998 or so.

Here's his SI message board:

http://www.Siliconinvestor.com/stocktalk/subject.gsp?subjectid=23993

I am not saying I can vouch for him personally, but a wild allegation like 9/11 link is absurd. He's a stock trader not a terrorist, for crying out loud.

. Anybody following the market early September could see a falloff *without* 9/11 attack - that just hastened it - the market was set to have a serious fall all through the summer. Had it taken natural course, would have fallen right through october, instead of falling sharply then rebounding.

BTW, WE ARE NEAR CYCLE LOW HERE IN DOW AND NAZ. More selloff may be coming, but then it will be another buying oppty like last September. I've been buying low PE beaten down stocks, like in energy, and WCOM as well. stay away from tech until intc hits $20.

[There's millions of'em]

"WSJ article said he sold 9/10."

Wanna bet?

IF you are referring to the custodial or trust accounts that have received so much attention, THEN you are misinformed.

IF you are simply saying he sold "something", so what, millions of "stuff" was sold 9/10.

IF you can post here a link or verifiable quote that shows the WSJ states what you claim, then I will gladly post one of MANY sources to support my earlier statement.

[RummyChick]

Check again..one reported claim is that he called his broker sometime around Noon - 12:30 pm...market would still be open even if the broker he called was using pacific time.The broker couldn't liquidate for technical reasons to due with the account...and therefore the stocks weren't sold until after the market reopened.

He made a post after the attack claiming he was short 65 stocks and stood to make alot of money from the market falling. The post still exists.

[RummyChick]

Did you have a subscription to any of the sites that were associated with him?

[cynicom]

Shorts traders with inside information, from a government source, is hardly done by thousands everyday.

[RummyChick]

Is he innocent of the RICO charges?