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N.M. FBI Agents Face Extortion Charges 2 Agents Allegedly Provided Confidential Information On Companies Posted: 11:26 a.m. MDT May 22, 2002 Updated: 7:50 p.m. MDT May 22, 2002 ALBUQUERQUE, N.M. -- Two New Mexico FBI agents have been implicated in a nationwide securities fraud scheme. The charges are contained in a grand jury indictment handed down in New York, alleging New Mexico FBI agents fed confidential information to a convicted felon in exchange for cash. Special agent Lynn Wingate, 39, is assigned to the FBI's Albuquerque office. She's charged with racketeering, securities fraud and obstruction of justice. Jeffrey Royer,...

SAN DIEGO -- An Egyptian-born financial analyst charged in a nationwide stock swindle may have known about the Sept. 11 terrorist attacks and tried to profit from them, a federal prosecutor said Friday. Amr I. "Tony" Elgindy telephoned his broker on Sept. 10 and asked him to liquidate his children's $300,000 trust account, Assistant U.S. Attorney Ken Breen told a federal judge at Elgindy's detention hearing. "He made a comment predicting the market would drop to 3,000" at a time when the Dow Jones stock index was at 9,600, Breen said. "Perhaps Mr. Elgindy had pre-knowledge of the Sept....

NEW YORK (Dow Jones)--Anthony Elgindy, the controversial short-seller and online stock commentator, has been arrested on charges of racketeering, insider trading and market manipulation, a government spokeswoman said Wednesday. Jan Caldwell, a spokeswoman for the San Diego field office of the Federal Bureau of Investigation, said Elgindy, who lives in the San Diego area, was arrested at his business Tuesday. Details of the charges against Elgindy weren't immediately available. A spokeswoman for the U.S. Attorney's office in Brooklyn, N.Y., from which the charges originate, said the office would issue a statement about the Elgindy case soon.

A former FBI agent and an Internet penny stock adviser were convicted Monday of mining government computers for confidential information they used to manipulate the stock market. Former agent Jeffrey Royer was convicted of racketeering, securities fraud, obstruction of justice and witness tampering for leaking details of FBI investigations and executives' criminal histories to San Diego stock picker Anthony Elgindy. Elgindy was convicted of racketeering, securities fraud and extortion for his role in the scheme. He dropped his face into his hands and sobbed uncontrollably as the jury foreman read the verdict; U.S. marshals led him weeping from the courtroom....

To read entire article click text: In a court hearing in San Diego, Kenneth Breen, an assistant United States attorney, said the adviser, Amr Ibrahim Elgindy, tried to sell $300,000 in stock on the afternoon of Sept. 10 and told his broker that the stock market would soon plunge. "Perhaps Mr. Elgindy had preknowledge of Sept. 11, and rather than report it he attempted to profit from it," Mr. Breen said. So, what did Mr. Elgindy, who was trying to sell $300k in stock, tell the financial world the day after 9-11?  Read it for yourself! Immediate release InsideTruth.com...