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Technology Stocks : Research Frontiers (REFR)
REFR 1.520-3.2%Jan 21 4:00 PM EST

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From: Bill Wexler11/14/2007 4:44:13 PM
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Update on the REFR stock fraud

In years past, and usually during the "dump" phase of REFR's numerous pump-and-dump schemes, I would usually post a note explaining to new investor-victims exactly how they were defrauded, and the fact that Robert Saxe and Joe Harary have been engaged in this criminal enterprise for a long, long time.

This time around I really have no sympathy for the victims. Anyone idiotic enough to pay near $200 million for a concern with a thoroughly documented history of stock fraud, which has produced no earnings (much less verifiable arms-length sales) going on close to half a century, deserves to lose every penny - and then some.
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