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This is a huge story because it also involves allegations of agents of using FBI databases . . . to track a grand jury investigation targeting the alleged scheme in exchange for cash.

Ongoing discussion at Silicon INvestor

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

1 posted on 05/22/2002 11:06:55 AM PDT by RummyChick
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To: RummyChick
MOre info on the FBI agents who face extortion charges

http://dailynews.yahoo.com/h/koat/20020522/lo/1203349_1.html

http://story.news.yahoo.com/news?tmpl=story&u=/dowjones/20020522/bs_dowjones/short_seller_elgindy_is_charged_with_manipulating_stocks

2 posted on 05/22/2002 11:38:23 AM PDT by RummyChick
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To: RummyChick; rdavis84; nopardons; aristeides; Donald Stone; Plummz; Nita Nupress; thinden
I was hoping this had to do with the put option purchases of US airlines' stocks just prior to 9/11.

What's so hard about reporting/investigating that info, since the IRS should have had the items reported by April 15th?

3 posted on 05/22/2002 11:56:11 AM PDT by Fred Mertz
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To: RummyChick
Short selling is one of the biggest most destructive rackets imaginable and serves no good economic function. By law the brokerages are able to "borrow" (steal) stock from owners who have bought them on margin and allow the parasites to sell them. This is against the interest of the owners who would never allow their shares to be used in such a fashion knowingly since it cannot help but undermine their financial interest.

Other countries do not allow this. Those wishing to "bet" on a stock's fall should buy put options or sell naked calls. But that way they cannot manipulate the market.

6 posted on 05/22/2002 1:05:39 PM PDT by justshutupandtakeit
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To: RummyChick
One part of Elgindy's scam was to short Applied Digital Solutions (ADSXE) (the implantable microchip company).
He managed to reduce their market cap by over 100 million in one day.
17 posted on 05/24/2002 1:42:03 PM PDT by Freebird Forever
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To: RummyChick
Off the specific subject of Elgindy: Everyone who has lost money being long in some vaporous POS hates short sellers. No one is ever responsible for their own greed and brain lock.
32 posted on 05/24/2002 8:35:25 PM PDT by Stentor
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To: RummyChick
Here's a weird bit of trivia. Another 'Anthony Elgindy.' How many Anthony Elgindys are there in San Diego?

- "Slain Civilian Had Lived in Oceanside," By Bruce V. Bigelow, Gregory Alan Gross and Jeff Ristine, SAN DIEGO UNION-TRIBUNE STAFF WRITERS via Signonsandiego.com, April 2, 2004

The Cleveland Plain DealerDonna Zovko of Willoughby, Ohio, held a photo of her 32-year-old son Jerry, one of four U.S. civilians killed during a shocking day of violence in Fallujah.

One of the civilian security guards ambushed and killed in Fallujah was a former Navy SEAL and fitness instructor who once lived in Oceanside. Friends, family and business associates mourned his death last night.

"It's just devastating," Anthony Elgindy, a friend, said by telephone yesterday. "Everybody is just, just beyond ... " His voice trailed off. "He wasn't there to engage in any fighting, although he only told me so much about it," Elgindy said. "He was there to maintain the peace and protect the civilians who are there."

Scott Helvenston, 38, was one of four U.S. civilian workers killed Wednesday in an ambush by insurgents. Their bodies were then burned and mutilated by a mob, horrifying events broadcast on television, newspapers and Web sites around the world.

He had been working as a security guard for Blackwater Security Consulting, a private contractor, outside the Iraqi city.

A neighbor in his Oceanside apartment building remembered him as athletic, full of energy and a devoted father to sons Kyle and Kelsey.

"He was always doing something with his children," Fred Atkinson said. "Camping, surfboarding ... "

When Helvenston mentioned he was going to Iraq, Atkinson said the ex-SEAL sounded as though he simply needed the work. "He said it would be a short stay," Atkinson said. "I didn't know what to tell him because he had already taken the job."

Helvenston left the Navy's Sea, Air, Land special commandos in 1994, but he never let up on the physical and mental discipline he learned as a member of the elite Navy fraternity, where he had been a SEAL instructor.

"I think it's somewhat defining of who I am as a person," Helvenston said some years ago of his SEAL experience. "But I never thought that much about it until I kept meeting people who'd say, 'Oh, wow, you were a Navy SEAL.' "

A pentathlete, Helvenston's life was constructed around fitness. He marketed a "total fitness" regimen and taught mock SEAL fitness classes. He trained actress Demi Moore for her role in the movie "G.I. Jane" and worked on several other movies, according to his fitness Web site. He was on the show "Combat Missions," a reality TV program broadcast by the USA Network in which paramilitary teams competed to accomplish various missions. He also did stunts and acted on other TV shows and commercials.

"Scott was a loudmouth" on the show ("Combat Missions"), Elgindy said, "but he's not really like that. That's what the show wanted him to be, like a Navy SEAL."

Helvenston's fitness business was called Amphibian Athletics, which stressed calisthenics training. "My goal is to teach as many people as possible that your body is your gym," he told The San Diego Union-Tribune in 1997. "As long as you have yourself, you will always have your gym." Helvenston was born in Florida and said on a Web site promoting his fitness videos, "I joined the Navy at age 16 after a difficult childhood (my father died when I was 7, and I had lived in 37 different foster homes)."

He described himself as among the youngest ever to graduate from SEAL training, based in Coronado. He told the Orlando Sentinel in an interview two years ago that he deployed four times to South and Central America, the Caribbean and the Mediterranean.

Helvenston told the newspaper that he met his wife, Tricia, in 1987. The Sentinel said he had a college degree in criminal justice from State University of New York. Elgindy said when Helvenston's marriage faltered, the two men became close friends.

When Helvenston told him he was going to Iraq, Elgindy said he told his sandy-haired friend to dye his hair black and grow a beard, "so you don't look so much like an American."

...

46 posted on 04/06/2004 11:00:42 PM PDT by piasa (Attitude adjustments offered here free of charge.)
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To: RummyChick

bump


52 posted on 06/11/2017 4:39:18 PM PDT by piasa
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To: RummyChick

Bttt.

5.56mm


54 posted on 06/11/2017 4:43:20 PM PDT by M Kehoe
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