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To: tradermike_1999 who wrote (433)	2/25/2002 5:58:43 PM
From: StockDung	of 559

"The BBC subsequently auctioned Khashoggi's Morakot shares, apparently infuriating him. His dispute with Saxena became so heated, the court heard, that Saxena sent an IRA hit squad to the home of Khashoggi's daughter to get him to back off.Saxena has since been at pains to re-establish the relationship." THE PEACE-MAKER -------------------------------------------------------------------------------- SAXENA FLEW TO VANCOUVER on May 23, 1996, entering on a visitor's visa issued four days before the central bank assumed control of the BBC. Shortly after his arrival, Saxena applied for landed immigrant status through Canada's Investor Immigration Program. Starting in 1992, Saxena and Krirk-kiat had acquired two shell companies listed on the Vancouver Stock Exchange and used them as vehicles for investment and acquisitions in North America. Through Asean Holdings Inc., Saxena and Krirk-kiat acquired Doppler Industries Inc. which operated a chain of computer stores in Vancouver, Calgary and Seattle. It would suck some $11 million out of them before folding earlier this year. Through Quadrant Financial Corp., they were involved in a Czech leasing company and negotiating to acquire a New York brokerage firm. All that was threatened by the Thai criminal investigation and Saxena's arrest in Canada on July 7, 1996. Immediately following his release on bail, Saxena began negotiating with Thai authorities. At the same time he decided to make peace with Khashoggi, who was angry that Thai authorities had seized his stock in several Thai companies, put up as collateral for his massive loans with the BBC. In January 1997, the Vancouver court was told, Saxena marshalled a team of crack bodyguards to accompany Richard and William Daggenhurst to Bangkok. The British brothers were CEO and CFO, respectively, of Morakot Industries, the cooking oil firm Saxena cronies had bought in 1994, and in which Khashoggi held shares. The idea was to convince Morakot officials, the bank and Thai regulators to return the shares to the powerful Saudi arms merchant. The trip ended in disaster, the court heard, when the brothers were given 24 hours to leave Bangkok - or else. The BBC subsequently auctioned Khashoggi's Morakot shares, apparently infuriating him. His dispute with Saxena became so heated, the court heard, that Saxena sent an IRA hit squad to the home of Khashoggi's daughter to get him to back off. Saxena has since been at pains to re-establish the relationship. In Vancouver, Saxena continued to live it up. On a daily basis, the court has heard, he lunched loudly for hours at the elegant 1066 Hastings restaurant, and celebrated nightly at the city's priciest establishments, including his private box at GM Place stadium for basketball and hockey games. Indeed, it seemed all was wine and song for Saxena until January 1998 when it emerged he was planning to flee Canada using a fake passport. The phony document, No. SB 102459, bore Saxena's Indian likeness over the name Jovanovic Dragoljub, a casualty of the Bosnian war. Saxena paid Mike Andric, a Yugoslav soldier of fortune, $13,500 to get it. After Saxena's arrest, the court heard that Andric's wife ripped up the passport and flushed it down the toilet. Saxena was re-arrested, his bail revoked and he was jailed until Judge Oppal ruled he could live in his condo; Saxena's lawyer had argued that house arrest would cost taxpayers less money. NO END IN SIGHT It has been two years since Saxena fled Thailand in the wake of the banking scandal. Krirk-kiat faces the most charges of any BBC suspect, since his signature appeared on most of the doubtful loans. So far, he has spent only one night in jail. Hammond is today full of regrets for ever getting involved with Saxena. But he only decided to break with the renegade banker after police arrived at his office March 10, 1998, and charged him with obstruction of justice. The following day Saxena fired him. Hammond says he was glad the chaos of the previous years had ended, "even if I didn't see it coming." Charges against him were dropped a few days after he finished testifying. Saxena's plans to found a mining empire in Sierra Leone are in tatters. His financing of London-based military consultants, Sandline International, has sparked a political furor that threatens the future of British Foreign Minister Robin Cook. Sandline shipped 35 tons of weapons to Sierra Leone in apparent violation of a U.N. weapons embargo. The operation was funded by Saxena in exchange for diamond and mineral concessions, Hammond says. A British inquiry will report imminently on the involvement of its officials with Sandline and its role in the February counter-coup that re-installed Kabbah as president. The BBC has traced and frozen bank accounts around the globe containing perhaps as much as $135 million, Saxena's lawyer Russ Chamberlain says. Money allegedly channeled into the pockets of his co-accused is being similarly hunted. In India, Saxena is enmeshed in ongoing investigations into alleged influence-peddling by tantric guru Chandraswamy, former prime minister Rao's favorite political adviser and sorcerer. British Columbia Supreme Court Justice Frank Maczko once hoped to finish Saxena's extradition hearing by June 5. That became impossible after threats to Hammond's life in late May. Security precautions forced further delays in the proceedings. No decision is expected until late October. After that, there could be a lengthy appeal process. As Judge Maczko said: "It's no secret Saxena would rather spend years in a Canadian jail fighting legal battles than spend one minute in a Thai prison." Now that he is living in his condominium overlooking the yachts and beautiful people, he's in even less of a rush.

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From: StockDung	3/5/2002 2:10:11 PM
	of 559

RE: Reid Breitman and Sherman Mazur (criminal and convict and world wide global asian boiler room guy involved with Regis Possino) Peter Huemer, Valerie Huemer,and Richard Frank attended Comdex 1999 in Las Vegas from November 13th through November 15th. Reid Breitman had arranged two complimentary suites at Mandalay Bay, complete with food and amenities. Once there , we joined Karl Paris and Robert Kegel, while Reid and Sherman Mazur stayed at Caesar's Palace. Event highlights included admission to the exhibits, millienium perspectives and keynote speeches from Bill Gates and Linus Torvalds. Thumbnail images from this year's event are shown below. Click on an image to see a larger view user-friendly.net

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To: tradermike_1999 who wrote (440)	3/7/2002 12:38:54 PM
From: StockDung	of 559

.Asean's Saxena claims Mazur teamed up with GCB's Possino Asean Holdings Inc - Street Wire Asean's Saxena claims Mazur teamed up with GCB's Possino Asean Holdings Inc AHI Shares issued 15,750,552 Jan 1 1900 close $.000 Friday Mar 1 2002 Street Wire by Brent Mudry According to General Commerce Bank's purported local swindle victim, Rakesh Saxena, who has been called a swindler himself, many times, the second key player behind Raoul Berthaumieu of Belgium, the front man in the $1-billion collapse of General Commerce Bank SA in Austria last year, was Sherman Mazur. Mr Mazur is a convicted big-league California real estate fraudster who graduated to the penny stock world after his release from jail. (All figures are in U.S. dollars.) Mr. Mazur outranked General Commerce Bank key player Regis Possino, a disbarred California lawyer who has been quite active in controversial penny stock promotions in recent years, according to fugitive Thai financier Rakesh Saxena. "Sherman is the main player; he is the front guy," Mr. Saxena told Stockwatch. "Berthaumieu reported to Sherman, not to Regis." According to a suit recently filed in Vancouver, Mr. Saxena, with a $10-million claim, was one of the most notable victims in the Austrian banking fiasco. Mr. Saxena, along with close associate Adnan Khashoggi, the Paris-based Iran-Contra arms merchant and former Vancouver Stock Exchange player, is an alleged key figure in the fraudulent 1996 $2-billion collapse of Bangkok Bank of Commerce. Mr. Saxena is particularly chagrined he was unable to see through the General Commerce Bank fraud earlier. "It was a genuine fraud; it was tough trying to figure all that out," the former Thai financier, now fighting extradition from Vancouver under self-financed $375,000-a-year house arrest, told Stockwatch. Mr. Mazur is one of those bigger-than-life characters who go from rags to riches to rags, or at least jail, to riches again, on a grand scale beyond the dreams of most financial fraudsters. His emergence in a key role at a European bank marks quite a remarkable comeback. Mr. Mazur, then 43, capped a lengthy criminal investigation in July, 1993, when he pled guilty to seven counts of bankruptcy and tax fraud in federal district court in the United States District Court in the Central District of California in Los Angeles. The guilty plea came less than a week before he was to face the start of a trial on 74 fraud-related criminal charges. The highflying financier, who boasted a fleet of eight or nine luxury cars including a Ferrari and two Rolls-Royces, was prosecuted for milking and bilking many of the 200 real estate limited partnerships he headed. Mr. Mazur's veneer of respectable success peeled away after he was indicted in 1991. On Dec. 1, 1993, U.S. District Court Judge Ronald Lew sentenced Mr. Mazur to six years in prison and a $250,000 fine. (This was on top of the $500,000 restitution the fraudster agreed to in his plea negotiations.) Prosecutors called the Mazur saga one of the largest cases of tax fraud at the time. Mr. Mazur "should be punished for the greed he has shown," Assistant U.S. Attorney Maureen Tighe, the lead prosecutor, told Judge Lew. While lesser men might be crushed by such a term and the odd one or two might find redemption and rehabilitation behind bars, not Mr. Mazur. For this incorrigible entrepreneur, prison was evidently just another business opportunity and a great place to network. "Sherman (Mazur) met Raoul (Berthaumieu) in jail," says Mr. Saxena, who knows quite a bit about the General Commerce Bank players. Mr. Berthaumieu, who used the alias Lee Sanders then and now, had the misfortune of being convicted in 1991, when he pleaded guilty to felony bank fraud for writing $1.6-million in rubber cheques. The Belgian-born Canadian national, then 46 and living in the Los Angeles suburb of Woodland Hills, was arrested on a sealed grand jury indictment in June, 1990, in Melbourne, Australia, a credential few other bank chairmen can boast of. The jailhouse legend is even richer. According to Mr. Saxena, while Mr. Mazur and Mr. Berthaumieu spent several years together in California, they also met a chap in jail who later became General Commerce Bank's representative in London. "It is stranger than fiction," says Mr. Saxena, whose courtroom opponents might suggest he is indeed an expert on the subject of fiction. Mr. Mazur, Mr. Berthaumieu and their London associate were not the only General Commerce Bank key players to learn a thing or two in jail. Mr. Possino was convicted in 1978 in an entertaining drug sting, sentenced to one year in jail, and disbarred in 1984. The budding young lawyer had offered to sell half a ton of pot and $5-million worth of stolen bonds to undercover agents. (c) Copyright 2002 Canjex Publishing Ltd. canada-stockwatch.com

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From: StockDung	3/8/2002 2:57:01 PM
	of 559

HE'S BACK. AND THE FUR IS FLYING ; A US marketing company linked to Adnan Khashoggi is under investigation Attempts by arms dealer and international playboy Adnan Khashoggi to build a marketing company traded on the Nasdaq exchange have been dealt a serious blow by US regulators. The Securities and Exchange Commission (SEC) has launched a formal investigation into Genesisintermedia and trading in its shares, which are suspended on Nasdaq. Investigators are also looking at transactions that Mr Khashoggi and others made in the shares of the company. Mr Khashoggi's life reads like a thriller novel. He has been connected with numerous arms scandals, he is well known for having a lavish lifestyle and was once brother-in-law to Mohamed Al Fayed, of Harrods' fame. A spokesperson for the SEC said it never discusses its investigations. But Robert Bleckman, a vice-president of Genesisintermedia, confirmed that the SEC and Nasdaq are investigating share trading in the company. Mr Khashoggi's trading in Genesisintermedia's shares has been frequent and unusual, through a Bermuda-based company, Ultim- mate Holdings. Of interest is any role his shares played in the collapse of MJK Clearing, a Minneapolis-based share trading company. The cause of the collapse was a stock-loan transaction between MJK and an American-owned bank called Native Nations. The shares involved are thought to be in Genesisintermedia, which is owned by Mr Khashoggi. But a spokesperson for Native Nations said that the details could not be confirmed. "Nasdaq has sought information relating to certain transactions, including transactions involving Ultimate Holdings and Native Nations Securities," said Mr Bleckman. "Nasdaq is looking at information that would give them an answer about whether or not Remy El Batrawi [the firm's chief executive] had a possible role in these transactions. The SEC has commenced a formal investigation into certain matters relating to the company and trading in its securities." Mr El-Batrawi has resigned. Mr Bleckman said he had done so to spend time helping investigators with their enquiries. The company is involved in direct marketing and advertising. It also has a wide range of products: a video based on the book Men are from Mars, Women are from Venus; home decorating equipment; a piece of fitness equipment called the "Ab Twister"; and "Stimulure", which is a fish-bait that "emits a scent fish can't resist". Shares were suspended at $5.90 (pounds 4), although they reached a high of $18.77 in June. Mr Bleckman said the future of the company was not threatened. "We believe our financial position will enable us to continue with our business concerns." The company has sacked around 60 employees, 15 per cent of its workforce. It has a $100m credit line from financier Carl Icahn's Riverdale, but the money can only be used for acquisitions. Mr Khashoggi could not be contacted to discuss the investigations, but there is no suggestion that he has acted improperly. (Copyright 2001 Independent Newspapers (UK) Limited)

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From: StockDung	3/8/2002 3:13:28 PM
	of 559

San Jose Mercury News, Calif., Stocks.comment Column After the Internet bubble popped, you'd think that wild speculation would have cooled. You'd think that investors trading on rumors had somehow learned a lesson. You'd think that the battlefield of active trading had adopted rationality and caution as its new passwords. Well, think again. Welcome to the mini-bubble caused by the anthrax scare. Even as the government copes with hot spots in Washington, D.C., investors are trying to cash in. And some of them have touched off land mines. Consider the strange story of ESafetyworld (SFTY), a company registered in Nevada but now doing business out of Bohemia, N.Y. ESafetyworld, which says it produces industrial-safety gear, recently set the Nasdaq market on its ear with an announcement directed at our deepest fears. In a press release that was picked up Friday by Briefing.com -- one of CNBC's main sources of information -- ESafetyworld announced that it had invented a new "containment chamber" that would allow someone to safely open potentially anthrax-tainted mail. From the picture on the company's Web site ( www.esafetyworld.com), the new invention, called "MailSafe," looks like an eighth-grade wood-shop project: a box with two holes on the side. By placing your hands into rubber gloves in each hole, you can open the letter, much like a nurse might change a baby in an incubator. Now common sense might raise alarms here. First, you might ask how you put the mail in the containment box. A postal worker will tell you that sorting and handling is as dangerous as opening. Second, it's not clear that ESafetyworld has a product anywhere close to the market. The press release had no price and no schedule. Finally, there are questions about the staying power of ESafetyworld itself. The last quarterly report it filed with the SEC was for the period ending March 31. And until Friday, its stock was trading at about 50 cents to 60 cents a share. None of this mattered to the market. As soon as its press release hit the wires Friday morning, SFTY soared. It reached nearly $4 a share before finishing the day at $3.18. More than 6 million shares traded -- double the number of shares outstanding -- meaning the stock turned over several times. Finally, on Monday, Nasdaq halted trading at $2.49 a share, demanding more information. An ESafetyworld investor-relations spokesman, Matt Henderson, told me Wednesday that company officials were making a presentation to Nasdaq. Suffice it to say there's plenty of skepticism here. Nasdaq doesn't do this when Intel or Dell announces a new product. This little saga provides a couple of insights. First is the gullibility, or assumed gullibility, of the public. The vast majority of day traders who drove up the price of the stock Friday probably didn't care whether ESafetyworld had a product or not. They were simply trying to make a buck by outdancing the investors who followed. Yet this approach contains enormous perils. If a stock is suddenly worth nearly eight times what it was worth the day before, the risk matches the reward -- as the halt in trading amply showed. To outdance other investors, you need the agility of Rudolf Nureyev. The second lesson lies with how news is produced. One intriguing link in this story is ESafetyworld's public-relations company, Florida-based Madison & Wall, which tries to raise the profile of struggling companies by cultivating the media and sending out "blast" e-mails to financial professionals. It's hard to know precisely what Madison & Wall did for ESafetyworld. I couldn't get Madison & Wall's chief, Dodi Handy, to call me back. But just like some of its clients, Madison & Wall has an interesting history. Once called Continental Capital & Equity, the firm was founded by John R. Manion, 53, who has had a series of run-ins with securities regulators. Though the company since has been bought out by employees who say that Manion's problems have no relation with the firm, a close look at developments this year suggests that investors might pause before buying the stock of Madison & Wall's clients. Two weeks ago, Nasdaq stopped the trading in one of those companies, GenesisIntermedia (GENI) as the Securities and Exchange Commission began probing dealing in its shares by Saudi arms dealer Adnan Khashoggi. Another Madison & Wall client, Ursus Telecom (UTCC), filed for bankruptcy protection in April. That came a little more than a month after a former Ursus official filed to sell 200,000 shares while the stock enjoyed a brief rebound during a Madison & Wall-sponsored product campaign. Like I say, what happened with ESafetyworld's new product is shrouded in mystery. The company has announced that none of its officers or directors profited from last week's boom. But you can't help but think that news has become a commodity like anything else in the age of the Web, capable of being manipulated in the same way as the iron content in nails. For that, we have mostly ourselves to blame. The lessons of the Internet debacle didn't stick. In our ignorance and our greed, we've given new birth to a variety of hucksterism that would have made P.T. Barnum proud. -- Scott Herhold's Stocks.comment appears every Monday and Thursday. Write him at the San Jose Mercury News, 750 Ridder Park Drive, San Jose, Calif. 95190; e-mail sherhold@sjmercury.com; phone (408) 920-5877. To read the columns online, see www.siliconvalley.com/opinion/herhold/ ----- To see more of the San Jose Mercury News, or to subscribe to the newspaper, go to sjmercury.com (c) 2001, San Jose Mercury News, Calif. Distributed by Knight Ridder/Tribune Business News. SFTY INTC, DELL, GENI, UTCC,

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From: StockDung	3/8/2002 3:16:21 PM
	of 559

HITECH RESOURCES CORP - Investment Group Agrees to Purchase 8% Stake in Global Capital - Partners At 7.50 USD Per Share Strategic Expansion of Online Trading Into Middle East and Europe to Follow Story Filed: Wednesday, October 11, 2000 3:29 PM EST New York, New York, Oct. 11, 2000 (Market News Publishing via COMTEX) -- Hitech Resources Corporation ("the Company") has arranged the placement of a Structured Note through which it will generate an investment, via a subsidiary company, of US$ 7 million to acquire an 8% equity stake in Global Capital Partners (NASD:GCAP). As per an existing Term Sheet signed with Global Capital Partners, the Company will purchase 933,333 shares of Global Capital Partners at $ 7.50 per share. The closing of the transaction is expected shortly and is subject only to the completion of the necessary documents satisfactory to both parties. HRH Prince Saif, as Chairman of Hitech Resource Corporation, was instrumental in arranging the subject transaction; he is also Chairman of Economic Consultancy Services House, a financial consulting organization based in Saudi Arabia. Saudi businessman Adnan Khashoggi, also involved in the placement of the Structured Note issued by the Company, has business interests worldwide and has, for over 3 decades, been intimately involved in cross border deals associated with the Middle East. Both persons, and their affiliates, intend to use their extensive and long standing contacts to assist Global Capital Partners in its strategic expansion plans beyond North America and Europe. "We are pleased to be shareholders of Global Capital Partners; we were motivated by the fact that our network of business affiliations would bring incredible value to Global Capital Partners via our ability to rapidly introduce their online trading operation -- Sutton Online -- to a series of financial institutions in the Middle East, Eastern Europe and the Indian sub continent," said Mr. Khashoggi. Global Capital Partners operates a highly diversified international investment banking and securities network. Global Capital Partners owns Colorado based EBI Securities Corporation, a full service investment banking and brokerage firm with 16 offices in 15 cities and Global Capital Markets Inc., a New York based investment banking and brokerage firm. Global Capital Partners also holds a majority interest in Sutton Online Inc., an online trading firm that offers order routing, level II software and data, Internet service and training for online investors (including individuals), hedge fund managers and money managers. Sutton Online also provides brokerage firms the necessary tools to offer financial products via the Internet. Global Capital Partners also holds a 30% interest in MoneyZone.com (OTCBB:MNZN), a capital formation Internet portal which matches investors with entrepreneurs. Other companies in the financial services industry are eTrade (NASDAQ:EGRP), Charles Schwab (NYSE:SCH), Merrill Lynch & Co. (NYSE:MER) and National Discount Brokerage (NYSE:NBD). "Allison Eaton" Allison Eaton, Director Cautionary Statement: This press release contains certain forward looking statements. Forward looking statements, by their nature, carry associated risks, especially risks concerning the possibility that some or all events envisaged in such statements will not materialize in the future. The Company relies on litigation protection for forward looking statements. TEL: 604/689-5598 Allison Eaton, Hitech Resources Corp. TEL: 604/689-5598 Allison Eaton, Hitech Resources Corp FAX: 604/689-3702 ---------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------------------------- (c) Market News Publishing Inc. Tel:(604) 689-1101 All rights reserved. Fax:(604) 689-1106 MarketbyFax(tm) - To get the NEWS as it happens, call (604) 689-3041. Copyright © 2000, Market News Publishing, all rights reserved.

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From: StockDung	3/8/2002 3:30:38 PM
	of 559

"A favourite stock market tactic at the time was the serial listing: you float one subsidiary then transfer assets to another subsidiary for listing and so on." FUGITIVE FOREX DEALER JUMPED ON THAI BANDWAGON RAKESH Saxena was forced to leave Hong Kong in a hurry when someone filed a civil action against the quick-firing foreign exchange expert. He probably could not believe his luck when in 1985 he found he had tumbled into booming Bangkok. Fourteen years later he is Thailand's most famous fugitive. In a bizarre ruling, the Vancouver court which is hearing his drawn-out extradition case, has allowed him to be kept under house arrest in his own condo in the city, watched by bodyguards he pays for himself. In the early 1990s it was not hard to be a business genius in Bangkok - especially if the Bangkok Bank of Commerce's coffers were open to you. A favourite stock market tactic at the time was the serial listing: you float one subsidiary then transfer assets to another subsidiary for listing and so on. Few complained, or even noticed, when prices kept going up. Saxena succeeded by outflanking some of the crudest speculators: his bank lent money to the central bank governor. When the bank desperately needed fresh capital, Saxena simply issued bonds - and used bank money to buy them. Adnan Khashoggi has told the authorities that when Saxena offered him the opportunity to take over three local companies he told him not to worry about the money, he would supply it. He eventually - through his control of a small cement-maker - acquired part of the Phoenix action. In other words a man who was at the centre of the US Iran-Contra arms scandal ended up with a slice of a Khon Kaen pulp mill. One cynic reckons that Saxena may be the most successful foreign investor Thailand has ever known. William Barnes (Copyright 1999)

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