Archive for the ‘Securities - Stocks’ Category
Internet stock guru will spend time in federal prison
A federal jury in Brooklyn, New York found Internet stock guru Amr I. “Anthony” Elgindy, guilty of racketeering, securities fraud and extortion. Former FBI agent Jeffrey A. Royer, was also found guilty of racketeering, securities fraud, obstruction of justice and witness tampering. Both Scam artists used confidential FBI files to manipulate stocks for profit. Both men face prison terms of 10 to 20 years. Read the court documents.