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

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

[RummyChick]

I have a link to back up my claim. Where is the link to your claim that he didn't call until AFTER the market was closed?

[There's millions of'em]

Congratulations on your link.

Let's wait and see what facts and evidence come out in the trial. He is facing incredibly serious charges.

[Madame Dufarge]

From your link:

He has brothers -- a brother that works in the White House.

[RummyChick]

Elgindy has made various claims concerning his brother including that he works for the state department. I have seen some of his positions but dont know if they are considered state department jobs. There was an interesting post that someone dug up from his past claiming that he got information from his brother at the state department. I can't find it at the moment but I thought it was interesting.

[RummyChick]

You said you know the man. My sources are telling me this is Elgindy.

http://www.geocities.com/imnotafelon/

Is it?

[Madame Dufarge]

Elgindy has made various claims concerning his brother including that he works for the state department.

OK, maybe it's me; but I know for a fact that I have a sister who's a teacher, another that's an accountant, etc.

I've never had to make various claims, because I actually know what they do, where's the mystery?

Why would someone, unless it was a habit of thinking, (yah, that's the ticket) even make "various claims?"

[RummyChick]

For example, here is one of the claims

http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=7302962

[RummyChick]

NYT states that he has two brothers with advanced degrees. I know one of them is named Khaled and he works in Washington. I don't know the name of the sister or the other brother.

[RummyChick]

Elgindy bragged about buying a hotel in lebanon to his subscribers. I am sure his connection with Lebanon will be greatly explored as it is a haven for terrorists.

[Freedom of Speech Wins]

Here is the article from the Wall Street Journal. The WSJ site is a subscription site. Cut pasting it here for you. If you wish to sign up to see it there you may go to wsj.com.

Or if you wish to access it at your local library, it is 5/28/02's Wall Street Journal

AFTERMATH OF TERROR

FROM THE ARCHIVES: May 28, 2002

ELGINDY'S FALL

.

Prosecutor Alleges Accused Investor May Have Known of Sept. 11 Events

By MAUREEN TKACIK

Staff Reporter of THE WALL STREET JOURNAL

SAN DIEGO -- A federal prosecutor said that Amr Elgindy , a short seller charged with conspiring with Federal Bureau of Investigation agents to make money by manipulating stocks, tried to liquidate his children's $300,000 fund on Sept. 10 and may have had prior knowledge of the Sept. 11 attacks.

In a detention hearing, Assistant U.S. Attorney Ken Breen also cited Mr. Elgindy's dual Egyptian and U.S. citizenship, his travels to the Middle East and a series of wire transfers from accounts in Canada and the U.S. to Lebanon beginning last October as reasons to suspect the investor had "prior knowledge of the Sept. 11 attacks" and was a flight risk.

ACCUSED OF KNOWING

Read a transcript of online postings in which Mr. Elgindy mentions liquidating his children's brokerage account the day before the Sept. 11 terrorists' attacks. To view the document, Adobe Acrobat is required.

See the Aftermath of Terror page

Mr. Breen offered no further elaboration. The Justice Department declined to comment further, but a statement issued earlier would appear to conflict with the statement at the detention hearing on Friday. After Mr. Elgindy was charged Wednesday, an FBI official said investigators had initially begun looking into his finances as part of the terrorism investigation. A Justice official stressed on Thursday that the current investigation was a white-collar one. "He is not charged" related to terrorism, the official said. "In fact, there aren't any allegations" connecting Mr. Elgindy to Sept. 11.

Jeanne Knight, an attorney for Mr. Elgindy , dismissed Mr. Breen's accusations as "racial profiling" and said her client had been intending to liquidate his children's college fund for a week before the attacks. She said he had transferred $700,000 to accounts in Beirut, Lebanon, for the purpose of buying a condominium in the country. "My client is a capitalist. He doesn't want to live in a Third World country, he wants a summer home there," Ms. Knight said.

Mr. Elgindy , 34 years old, a Muslim who was born in Egypt but moved to Chicago at the age of two or three, was held without bond on charges of racketeering, extortion and obstruction of justice. But Judge John Houston emphasized in his judgment that he had disregarded Mr. Breen's "inferences" about the short seller's ties to Sept. 11.

Mr. Elgindy , along with a current and a former FBI agent and two others, was charged with using confidential government data in a short-selling scheme that profited by spreading unfavorable information to drive stock prices down or to extort free or cheap stock from companies. Short sellers seek to turn a profit by selling borrowed shares and then buying back the shares at a lower price if the stock falls, and pocketing the difference.

Accusations that Mr. Elgindy knew about and profited from the terrorist attacks have for months swirled around stock-market message boards on the Internet. A well-known trader and commentator known for knocking down stocks, Mr. Elgindy boasts a devoted following and a number of enemies. In 1999, he and a business partner took a charity mission to Kosovo, where some of his estranged associates have claimed he made anti-American statements and expressed sympathy with Osama bin Laden. Until Friday's hearing, however, no federal authorities had given credence to any of the accusations.

[Madame Dufarge]

Elgindy bragged about buying a hotel in lebanon to his subscribers. I am sure his connection with Lebanon will be greatly explored as it is a haven for terrorists.

Bump

[piasa]

IF his brother is this Khaled, then Khaled has a little special interest group in DC and spends an incredible amount of time on the web trying to get muslims to call congressmen and such:

Khaled Elgindy - Media Comt.
Arab American Institute
918-16th St, NW #601
Washington, DC 20006

This guy has other group associations I believe. I don't know if this is the brother, or even if the stock dealer really has a brother here. I didn't see any info that this guy is a government employee though.

[RummyChick]

There is a Khaled Elgindy that has had various positions. The current one is listed as something like minority staff director in the house of representatives according to a link I posted from an organization that puts together names of Muslims in washington

[piasa]

a Khaled Elgindy wrote this.

[piasa]

I wouldn't be suprised...

[RummyChick]

claim by elgindy that his brother works FOR the state department

http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=16329796

here is the article by NYT naming family members of Elgindy http://www.nytimes.com/2002/05/25/business/25FRAU.html

Khaled is brother. Ibrahim is father

[RummyChick]

Would any of the positions you have seen qualify as working for the State Deparment? Even the staff director position has nothing to do with the State Department.

[piasa]

Looks like the brother was hired onto this State Dept. project:

U.S. Commission on International Religious Freedom
800 North Capitol Street NW Suite 790
Washington, DC 20002

There is also a Soaad Elgindy, maybe or maybe not related ...

And a Gihan Elgindy, maybe or maybe not related... this one lives in the DC area I think

[piasa]

That commission is apparently a big deal among Egyptians, Copts in particular. The Copt groups in the US seem to be upset with this guy being hired to work on that commission because this man's views are hostile. I ran onto a post of someone wanting people to write to this commission about his being hired.

[RummyChick]

info on current roster of muslims:

http://www.aaiusa.org/PDF/2002_Roster.pdf