Free Republic
Browse · Search
News/Activism
Topics · Post Article


1 posted on 06/06/2002 2:29:39 PM PDT by It'salmosttolate
[ Post Reply | Private Reply | View Replies ]


To: It'salmosttolate
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).
2 posted on 06/06/2002 2:46:28 PM PDT by newgeezer
[ Post Reply | Private Reply | To 1 | View Replies ]

To: It'salmosttolate
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.

!!!

4 posted on 06/06/2002 3:06:09 PM PDT by Senator Pardek
[ Post Reply | Private Reply | To 1 | View Replies ]

To: It'salmosttolate
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.
6 posted on 06/06/2002 4:06:13 PM PDT by JBBooks
[ Post Reply | Private Reply | To 1 | View Replies ]

To: All

Tonight on at RadioFR! June 6, 2002
9:00 p.m. - 11:00 p.m. EDT / 6:00 p.m. - 8:00 p.m. PST...

YO!
ANNA AND MERCURIA
DO THE "REYNOLDS (W)RAP"
(Well, you knew it had to happen sometime...!)

WITH SPECIAL GUEST
DAVID PALMQUIST
"THE KING OF CONSPIRACY"

Click HERE and listen while you FReep!

Check out the live thread!


10 posted on 06/06/2002 6:07:30 PM PDT by Bob J
[ Post Reply | Private Reply | To 1 | View Replies ]

To: It'salmosttolate
4 Arab FBI Agents Face Extortion Charges
33 posted on 06/08/2002 11:02:46 AM PDT by piasa
[ Post Reply | Private Reply | To 1 | View Replies ]

To: It'salmosttolate
Five, Including F. B. I. Agents, are Named in a Conspiracy
34 posted on 06/08/2002 11:04:30 AM PDT by piasa
[ Post Reply | Private Reply | To 1 | View Replies ]

To: It'salmosttolate
Stock Message Board Poster Elgindy Faces Jail Time Following Guilty Plea
By Beth Kwon
Staff Reporter
3/2/00 2:59 PM ET

A federal case against a high-profile message board stock-picker wound to a close last week when Anthony Elgindy pleaded guilty to a fraud charge.

The conviction renews credibility questions about the self-styled scam-stock vigilante, whose brushes with securities regulators have been chronicled here in the past. But the latest development only reinforced his followers' faith in Elgindy, a San Diego-based short-seller who gained notoriety for his colorful posts on stock message board Silicon Investor.

Elgindy, 32, pleaded guilty on Feb. 24 on one count of mail fraud under a nine-count indictment handed up last year to the U.S. attorney for the Northern District of Texas. The charges related to checks Elgindy allegedly received from Bear Stearns (BSC:NYSE - news) and Barron Chase Securities while he was simultaneously receiving disability benefits from MassMutual. A trial was to begin this month on the charges.

Elgindy, who faces sentencing on May 15, is likely to do about six months in prison, followed by probation, Assistant U.S. Attorney David Jarvis says. Elgindy's lawyer didn't immediately return calls seeking comment.

Elgindy goes by the handle "anthony@pacific" on the message boards and is a former Nasdaq market maker and retail broker who claims to uncover scam stocks. But the fraud charges raised questions about his credibility, as did a fine leveled against him in 1997 by the National Association of Securities Dealers, and the revocation of his NASD registration in 1998.

In a statement posted Thursday morning on Silicon Investor, Elgindy wrote, "I gave up fighting. I capitulated and accepted a deal, stating that while suffering from Severe Depression in 1994 I accepted approx 50K in disability benefits, that I was not entitled to. ... Since I now accept this guilt, I'm hoping that you can also."

But Elgindy's faithful followers, many of whom Elgindy had attracted on his thread on Silicon Investor and who later joined Elgindy at his private, for-pay stock-picking site launched last May, were unfazed. "I don't know one person who doesn't have skeletons in his/her closet," wrote jjetstream.

"There is no higher calling in life than to be a teacher," wrote Cube. "Yeah, you've made us all a ton of money, but most importantly you have taught us. That is something none of your critics can claim."

38 posted on 06/08/2002 11:23:15 AM PDT by piasa
[ Post Reply | Private Reply | To 1 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson