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 Pastimes | Whodunit? Two Stockbrokers Murdered in Jersey; No Clues


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To: hawkeye who wrote (160)10/31/1999 9:10:00 AM
From: Arcane Lore
   of 1143
 
Lab tests 10 bullets; police hope to learn if 2 killers hit 2 slain men


Published in the Asbury Park Press
By AMY ZURZOLA
STAFF WRITER

injersey.com 
=====
The murky side of finance: Colts Neck killings raise questions about penny stocks


Published in the Asbury Park Press
By PAUL D'AMBROSIO,
WILLIAM CONROY,
JASON METHOD
and JAMES W. PRADO ROBERTS
STAFF WRITERS

injersey.com 

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To: Arcane Lore who wrote (161)10/31/1999 9:40:00 AM
From: hawkeye
   of 1143
 
Authorities are looking into possible connections to Russian organized crime.

phillynews.com 

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To: jhild who wrote (154)10/31/1999 9:41:00 AM
From: Susie924
   of 1143
 
You guys and gals are becoming famous. The Rockland Journal News also has a story "Stock Sleuths Take Crack At Murder Mystery"
It made the print version, but not the online version so I can't put a URL here.
Here's an excerpt:
"Some people read a mystery novel and are happy to know the answer is on the last page," said Jeff Mitchell, another SiliconInvestor amateur sleuth. "When we do this, we're making up the novel as we go along."
SI is getting a lot of free advertising too!

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To: Janice Shell who wrote ()10/31/1999 10:10:00 AM
From: hawkeye
   of 1143
 
Is Russell Candela, father of Ms Scarlora and owner of the crime scene, related to (i.e., member of same family) as Salvatore Candela or Pietro Candela????



951 F.2d 498, *; 1991 U.S. App. **
UNITED STATES OF AMERICA, Appellee, v. GUISEPPE GAMBINO, FRANCESCO GAMBINO, LORENZO MANNINO, MATTO ROMANO, SALVATORE LoBUGLIO, SALVATORE RINA, GUISEPPE D'AMICO, SALVATORE D'AMICO, FRANCESCO CIPRIANO, PIETRO CANDELA, SALVATORE CANDELA, FRANCESCO INZERILLO, JOSEPH LAROSA, PAOLO D'AMICO, ROCCO LAUNI, FABRIZIO TESI, VITTORIO BARLETTA, CARMELO GUARNERA, SASHA (LNU), GIOVANNI ZARBANO, ROSARIO NAIMO, EMANUELE ADAMITA and GIOVANNI GAMBINO, Defendants, SALVATORE LoBUGLIO and SALVATORE D'AMICO, Defendants-Appellants.


Docket Nos. 91-1153, 91-1231


UNITED STATES COURT OF APPEALS FOR THE SECOND CIRCUIT


951 F.2d 498; 1991 U.S. App.



October 7, 1991, Argued
December 10, 1991, Decided

PRIOR HISTORY: [**1] Salvatore LoBuglio and Salvatore D'Amico appeal from judgments of conviction entered on March 5, and April 4, 1991 in the United States District Court for the Southern District of New York (Peter K. Leisure, Judge) convicting defendants of narcotics offenses.

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To: Susie924 who wrote (163)10/31/1999 10:12:00 AM
From: Tech Master
   of 1143
 
Susie:

It appears to be the same AP story that ran here:

hotnews.nj.com 

The research being posted to this thread is excellent work. Janice, Jeff and others are masters at digging up facts. Hopefully some of the facts dug up here will help to solve the mystery.

Keep up the great work all. The thread is still at the top of the Hot Subjects list.



TM

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To: hawkeye who wrote (164)10/31/1999 10:32:00 AM
From: The Duke of URLĀ©
   of 1143
 
Okey, here's one:

1- Why would the guys who discovered the bodies, have an appointment to do remodeling, or "pick the molding" at 1AM in the morning?

2- What do the tests show were in the open suitcase found in the open trunk of the rental car?

3- When was the rental car (found in the driveway) rented and what do forensics say it was used for?

The hypothesis is that the car was rented to pick something very specific up, and that the recent arrival of the rental car is connected to the time of the shootings.

Duke

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To: The Duke of URLĀ© who wrote (166)10/31/1999 10:51:00 AM
From: Janice Shell
   of 1143
 
Why would the guys who discovered the bodies, have an appointment to do remodeling, or "pick the molding" at 1AM in the morning?

The story of the guests who discovered the bodies has changed considerably from early reports, in which they were described as workmen who became concerned because Chalem didn't answer the phone.

Now, it seems, they were two men, one identified as Allen Lloyd Conkling of Pequannock, who'd been hired by Lehmann to help out with the Electro-Optical scam. Apparently Conkling or his companion spoke to Chalem or Lehmann as last as 7:30 Monday evening, but later phone calls went unanswered.

Supposedly the visitors were expected to spend the night in the house on Bluebell Lane. Why didn't they arrive at a reasonable hour? Did the victims tell them to wait until some earlier guest had come and gone?

Here's another question: where were Chalem's two bulldogs while all this was going on? Where are they now? We all remember Sherlock Holmes and the dog that didn't bark in the night...

Jeff and I made an effort to run down "Boris" of Body By. No luck. Oddly, perhaps, his gym appears not to have a website, and of course we don't know what his last name is...

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To: Tech Master who wrote (165)10/31/1999 10:57:00 AM
From: hawkeye
   of 1143
 
When this one is solved, hawkeye invites all sleuths to the SLUP thread where the whodunit of the hour is "Who Framed Roger Rabbit????"

Subject 14289

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To: Janice Shell who wrote (167)10/31/1999 11:02:00 AM
From: TideGlider
   of 1143
 

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To: Janice Shell who wrote (167)10/31/1999 11:31:00 AM
From: hawkeye
   of 1143
 
Allen Loyd Conkling:

1998 U.S. Dist. ; Fed. Sec. L. Rep. (CCH) P90,271
SECURITIES AND EXCHANGE COMMISSION, Plaintiff, -v- THOMAS EDWARD CAVANAGH, et al., Defendants, KAREN CAVANAGH, et al., Relief Defendants.


UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK


1998 U.S. Dist. ; Fed. Sec. L. Rep. (CCH) P90,271



July 27, 1998, Decided
July 27, 1998, Filed

DISPOSITION: [*1] SEC's motion to amend the complaint granted. Motion to add claims under Section 5 and Sections 17(a) and 10(b) against Maier Lehmann, and to add a claim under Sections 17(a) and 10(b) against William Levy, granted.

OPINIONBY: DENISE COTE

OPINION: OPINION

DENISE COTE, District Judge:

In this action, filed on March 13, 1998, the SEC alleges that the defendants reaped millions of dollars in profits at the expense of the American investor by engaging in deceitful practices with respect to the stock of a company called Electro-Optical Systems Corporation ("EOSC"). To wit, the SEC alleges that the defendants offered and sold shares of EOSC in violation of the registration and antifraud provisions of the Securities Act of 1933, codified at 15 U.S.C. § § 77e ("Section 5") and 77q(a) ("Section 17(a)"), and the antifraud provisions of the Exchange Act of 1934, codified at 15 U.S.C. § ("Section 10(b)"). The SEC seeks a permanent injunction against future violations of the securities laws for certain of the defendants in addition to civil penalties. The SEC also seeks disgorgement of all proceeds related to the scheme, plus pre-judgment interest, from all of the defendants and relief defendants.

* * *

A few days later, Maier Lehmann, acting on behalf of EOSC, offered Conkling the job of "investor relations representative" for EOSC. Conkling, using the name Allen Lloyd, created an entity called "Azure Investor Relations" to handle all communications between EOSC and the general public, investment community and media. Lloyd remained in constant contact with Maier Lehmann who was pressing EOSC to release press releases on virtually a daily basis, even though EOSC's Chief Operating Officer warned him and others in a January 12, 1998, memorandum that there was "not a product that we can show today." Moreover, during January, 1998, Maier Lehmann also urged Cosimo Tacopino, the trader at Donald & Co., to move up his bid price for EOSC shares. On January 30, 1998, EOSC issued a press release, which it placed on its internet web page, announcing its "Entry Into Health Care Documents Field." The release, copies of which were included in investor kits sent out by Allen Lloyd, stated in part that EOSC:

announced today that it received a Purchase Order from ADL Data Systems, [*17] Inc., a leading system integrator and software provider to the nursing home and health care industry, for an initial order of 1,000 Fingerprint Verification Units for an undisclosed price.

EOSC received no such Purchase Order and no order for Fingerprint Units.

The complaint also states that the January 30 press release was sent "for comment, prior to its publication" to Lehmann, among other people.

The Court finds that the foregoing allegations, combined with the allegations set forth elsewhere in the complaint regarding the financial benefits reaped by Lehmann as a result of the scheme, are sufficient to meet Rule 9(b)'s pleading requirements. "In order to satisfy the requirements of Rule 9(b), plaintiffs must allege in what respects the statements at issue were false and also allege facts that give rise to a strong inference of fraudulent intent." San Leandro Emergency Med. Plan v. Philip Morris, 75 F.3d 801, 812 (2d Cir. 1996). The complaint must also "state when and where the statements were made, and identify those responsible for the statements." Cosmas v. Hassett, 886 F.2d 8, 11 (2d Cir. 1989).

The above-quoted passage from the complaint makes clear [*18] that the fraudulent statement on which the SEC focuses for purposes of the fraud claim against Lehmann is the statement, contained in the January 30 press release, that EOSC had received an order for 1,000 fingerprint units. The passage also makes clear that the press release was false in two respects: (1) EOSC had not received such an order; and (2) EOSC's product was not ready for mass production. Finally, the allegations make clear that Lehmann, among others, was responsible for the statement, which occurred on January 30, 1998. n4

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