Free Republic

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...