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Pastimes : Discuss ATEL - ACCESSTEL INC -- Ignore unavailable to you. Want to Upgrade?

To: Mr. Jens Tingleff who wrote (52)	1/15/2002 1:06:37 PM
From: StockDung	Respond to of 130

Message 12165048

To: Mr. Jens Tingleff who wrote (52)	1/17/2002 8:06:53 PM
From: StockDung	Respond to of 130

Reed & Wangsgard Announce AccessTel, Inc., Parties to Civil No. 010903821 Currently Pending in Third District Court in and for Salt Lake County, Agree to Settle Certain Claims SALT LAKE CITY--(BUSINESS WIRE)--Jan. 17, 2002--Reed & Wangsgard, LC today received written confirmation from an agent of the Board of Directors of AccessTel, Inc. (OTCBB:ATEL), a Utah corporation that said Board of Directors have come to a unanimous decision to rescind the December 18, 2000, share exchange agreement (the "Share Exchange Agreement") by and between Shopss.com, Inc. a Utah corporation, on the one hand, and AccessTel, Inc. a Delaware corporation and the shareholders of AccessTel, Inc., a Delaware corporation, on the other hand. An agreement effectively rescinding the Share Exchange Agreement is to be negotiated between the parties immediately. The anticipated rescission agreement shall not be deemed to be negotiated in the State of Utah. Civil No. 010903821, currently pending in the Third District Court in and for Salt Lake County, State of Utah will be in no way affected by this rescission except for the mootness of the rescission issue in this litigation. About Civil No. 010903821 On May 1, 2001, Reed & Wangsgard, LC filed suit in the Third Judicial District Court of Salt Lake County, State of Utah, Civil No. 010903821, to assert claims, on behalf of its clients, prior management of Shopss.com, Inc., a Utah corporation, against AccessTel, Inc. and the original shareholders of AccessTel, Inc., a Delaware corporation. The Complaint demands rescission of the December 18, 2000, Share Exchange Agreement (the "Exchange Agreement") by and between Shopss.com, Inc. a Utah corporation, on the one hand, and AccessTel, Inc. a Delaware corporation and the shareholders of AccessTel, Inc., a Delaware corporation, on the other hand. The Complaint alleges that Shopss.com, Inc. was induced to enter into the Share Exchange Agreement through a series of false representations made by AccessTel, Inc., a Delaware corporation and the shareholders of AccessTel, Inc., a Delaware corporation. The Complaint also includes alternative causes of action for fraud, conversion, injunctive relief, and the issuance of a Writ of Replevin. More information about this matter can be obtained by contacting Larry G. Reed, Esq. of Reed & Wangsgard, LC at (801) 578-3510. CONTACT: Reed & Wangsgard, LC Larry G. Reed, Esq., 801/578-3510 KEYWORD: UTAH DELAWARE BW0396 JAN 17,2002 15:29 PACIFIC 18:29 EASTERN

To: Mr. Jens Tingleff who wrote (52)	1/21/2002 1:39:01 PM
From: StockDung	Respond to of 130

SCORE ONE INC, filed this on 05/07/2001. Immediately following the appointment of the new directors, the Company accepted the resignation of Ken Kurtz as President, Secretary and Treasurer Director of the Company and the newly elected Board of Directors Exchange Agreement (the "Share Exchange Agreement") by and among the Score One, Inc. (the "Company"), Ken Kurtz, Advanced Technology International Holdings Limited("ATHI") and I.World Limited, the sole shareholder the Company sold 20,000 shares of Common Stock to Park Street Investments, Inc. ("PSI") for $2,000. Ken Kurtz, a former officer and director, is the sole officer, sole director and sole shareholder of PSI. The Share Exchange Agreement dated as of February 1, 2000 by and among the Company, Ken Kurtz, ATHI and I.WORLD, Incorporated herein by reference from the Company's filing on Form

To: Mr. Jens Tingleff who wrote (52)	1/21/2002 1:40:16 PM
From: StockDung	Respond to of 130

Is this the same Kenneth Kurtz from SCRO? ragingbull.lycos.com ------------------------------------ SEC SUES NINE INDIVIDUALS, INCLUDING LAS VEGAS LAWYER AND TRADER AT UTAH MARKET-MAKING FIRM, IN $3.7 MILLION PUMP-AND-DUMP SCHEME The Commission announced today that it filed a complaint in the federal District Court for the Southern District of New York against: Max C. Tanner, a Las Vegas attorney; Kevin Kirkpatrick, a trader at Olsen Payne & Co., a Utah-based market-making firm; Kevin J. Ruggiero and Michael Boston, both of whom were brokers associated with Baxter, Banks, & Smith (BBS), a now defunct broker-dealer; Alex Sheyfer and Alexander Zalmenenko, both of whom were unlicensed brokers also associated with BBS; and several stock promoters, including Dennis Evans, a resident of Las Vegas, Nevada, Mark A. Taylor, Sr., a resident of Tampa, Florida, and Kenneth Kurtz, a resident of Salt Lake City, Utah. The Commission's complaint alleges that from March 1998 through June 1999, the Defendants engaged in a pump and dump scheme involving the stock of Maid Aide, Inc. (MDAN), a shell company trading on the Over-the- Counter Bulletin Board (OTC-BB). The complaint alleges that as a result of this scheme, MDAN traded at artificially inflated prices ranging between $5.00 and $9.35 per share, allowing the Defendants to dump more than 475,000 MDAN shares into the market for proceeds of over $3.7 million. In addition, the complaint alleges the following: * Although MDAN purported to be a commercial and residential cleaning services company, it was actually nothing more than a publicly trading shell corporation controlled by Tanner and Evans. Tanner and Evans controlled at least 90% of MDAN's public float. In early 1998, Tanner entered into an agreement with Taylor, Kurtz, and Ruggiero that entitled Taylor, Kurtz, and Ruggiero to 125,000 MDAN shares each. Tanner, Taylor, Kurtz, and Ruggiero agreed to set up boiler rooms that would sell these shares to the public in exchange for undisclosed kickbacks paid from the sale proceeds. * On February 27, 1998, Tanner, Taylor, Kurtz, and Ruggiero issued a press release announcing that MDAN intended to merge with CFE Trucking Inc., a private company that was in the business of hauling gravel for use in building and road construction. Shortly after the press release was issued, two boiler rooms operating as BBS branch offices began cold calling investors to tout MDAN. Boston supervised one of the BBS boiler rooms, and Sheyfer and Zalmenenko supervised the other. * The cold callers working in the boiler rooms made numerous material misrepresentations to investors, including baseless predictions that MDAN's stock price would double in six months. The cold callers also routinely posed as Boston and Ruggiero in order to hide their identities and the fact that they were not licensed brokers. The cold callers failed to inform investors that they were being paid up to 70% of the proceeds from each MDAN stock sale that they solicited. Boston, Ruggiero, Sheyfer, and Zalmenenko were paid a portion of these kickbacks in exchange for supervising the boiler rooms. * To further the scheme, Kurtz and Ruggiero recruited Kirkpatrick, a trader at Olsen Payne & Co. Kurtz and Ruggiero guaranteed that Kirkpatrick would be allowed to profit on all of his MDAN trades if his firm made a market in MDAN's securities. Kirkpatrick agreed, and Olsen Payne & Co. acted as market maker for MDAN from March 1998 through June 1999. During this period, Kirkpatrick posted artificial price quotations concerning MDAN's stock on the OTC-BB and executed matched orders with other participants in the scheme in order to create artificial rises in MDAN's stock price and trading volume. The Commission's complaint charges all of the defendants with violations of the antifraud provisions of the federal securities laws, specifically Section 17(a) of the Securities Act of 1933 (Securities Act), Section 10(b) of the Securities Exchange Act of 1934 (Exchange Act), and Rule 10b-5 thereunder. In addition, the complaint charges Tanner, Evans, Taylor, Ruggiero, and Boston with violations of Sections 5(a) and 5(c) of the Securities Act and Sheyfer and Zalmenenko with violations of Sections 5(a) and 5(c) of the Securities Act and Section 15(a) of the Exchange Act. The Commission seeks injunctions prohibiting future violations of the securities laws, disgorgement, and civil penalties. The Commission is also seeking an order barring Tanner and Evans from serving as an officer or director of any public company. In addition to the Commission's civil action against Tanner, Evans, Ruggiero, Taylor, and Kurtz, these individuals were indicted on September 19, 2000 for their role in the MDAN scheme by the Department of Justice, Tax Division (DOJ). Tanner and Evans were found guilty in the criminal action on November 19, 2001. Ruggiero, Taylor, and Kurtz had previously entered guilty pleas in connection with the criminal action. The Commission acknowledges the assistance of the DOJ, the U.S. Attorney's Office for the Southern District of New York, the FBI, NASD Regulation, Inc., and the British Columbia Securities Commission in connection with this matter. [SEC v. Max C. Tanner, Inc., et al., 02 CV 0306 (SDNY, WHP] (LR-17305)

To: Mr. Jens Tingleff who wrote (52)	1/21/2002 5:25:34 PM
From: StockDung	Read Replies (1) \| Respond to of 130

It is somewhat interesting that Olsen Payne was also the MM in ATEL 144 trades nasdaq.com note: Burningham .....the not so independant receiver appointed by who knows ?????

To: Mr. Jens Tingleff who wrote (52)	1/21/2002 6:07:35 PM
From: StockDung	Respond to of 130

you probably are already am aware of thIS.....Richard Geiger of SRRA....Markow and FRENCHFRY's trader STATE OF OHIO DEPARTMENT OF COMMERCE DIVISION OF SECURITIES COLUMBUS, OH 43215 Order No. 97-237A In the Matter of: RICHARD GEIGER CRD NO. 873869 FINAL ORDER TO DENY APPLICATION FOR LICENSE Division Order WHEREAS, the Ohio Division of Securities ("Division") is charged with the responsibility of protecting investors and finds that this Order is necessary or appropriate in the public interest or for the protection of investors, and is consistent with the purposes fairly intended by the policy and provisions of the Ohio Securities Act, Ohio Revised Code Chapter 1707; Whereas, on May 9, 1997, the Division issued Division Order No. 97-156 ("Order") against Richard Geiger ("Respondent"), whose address is 1056 Gateshead Way, Westerville, Ohio 43081, alleging that Respondent was "not of good business repute" as that phrase is used in Ohio Revised Code sections 1707.16 and 1707.19, and Ohio Administrative Code Rule 1301:6-3-19(D)(7) and (9) and giving him notice of intent to deny his application for licensure as a salesman of securities in the State of Ohio; WHEREAS, the Order gave notice of opportunity for an adjudicative hearing regarding the denial if requested by Respondent within thirty (30) days from the mailing of the notice; WHEREAS, Respondent timely requested an adjudicative hearing; WHEREAS, pursuant to Ohio Revised Code section 119.09, the Division scheduled the hearing for June 3, 1997; WHEREAS, at Respondent's request and by mutual consent of the parties the Division continued the hearing until June 10, 1997; WHEREAS, the hearing commenced on June 10, 1997, at the offices of the Division; James F. Hunt presided as Hearing Examiner; Assistant Attorney General Stephen H. Johnson represented the Division; William E. Leber appeared as a witness on behalf of the Division; Earle R. Frost, Jr. represented Respondent; Carl Kline appeared as a witness on behalf of Respondent; Jeffrey Richardson appeared as a witness on behalf of Respondent; and Respondent testifed on his own behalf; WHEREAS, the Hearing Examiner's report and recommendation was issued on August 8, 1997, and received by Respondent via certified mail on August 12, 1997; WHEREAS, by correspondence dated August 14, 1997, received by the Division on August 21, 1997, Respondent filed objections to the report and recommendation; WHEREAS, pursuant to Ohio Revised Code section 119.09, the Division may approve, modify or disapprove the recommendation of the Hearing Examiner based upon the report, recommendation, transcript of testimony and evidence, objections of the parties and any additional testimony and evidence permitted; WHEREAS, Ohio Administrative Code Rule 1301:6-3-19(D) sets forth ten factors for consideration when determining "good business repute;" WHEREAS, the Division has based its decision upon a consideration of all ten factors of Ohio Administrative Code Rule 1301:6-3-19(D) and the provisions of Ohio Revised Code 119.09; WHEREAS, the Division defers to the Hearing Examiner who served as the finder of facts in this matter; WHEREAS, the findings of fact and conclusions of law of the Hearing Examiner are hereby accepted; WHEREAS, the Division cannot enter into an enforceable agreement that would limit Respondent's activities; and WHEREAS, the recommendation of the Hearing Examiner, to the extent it holds Respondent not to be of good business repute and correspondingly recommends denial of Respondent's application, is hereby confirmed and approved; THEREFORE, IT IS ORDERED THAT, Richard Geiger be denied a license as a salesman of securities in the State of Ohio effective the date of this Order. NOTICE OF APPEAL RIGHTS: RICHARD GEIGER IS HEREBY NOTIFIED THAT THIS ORDER MAY BE APPEALED PURSUANT TO OHIO REVISED CODE SECTION 119.12 BY FILING A NOTICE OF APPEAL WITH THE OHIO DIVISION OF SECURITIES SETTING FORTH THE ORDER APPEALED FROM AND THE GROUNDS OF THE APPEAL. A COPY OF SUCH NOTICE OF APPEAL SHALL ALSO BE FILED WITH THE FRANKLIN COUNTY COURT OF COMMON PLEAS. SUCH NOTICE OF APPEAL SHALL BE FILED WITHIN FIFTEEN DAYS AFTER THE MAILING OF THIS ORDER. TEG:dlm Witness my hand and the official seal of this Division at Columbus, Ohio this day of September, A.D. 1997. Thomas E. Geyer, Commissioner of Securities ************************************************************************************ ********************************************************************************** centralohio.thesource.net Posted: Oct. 6, 1997 Applicant says ODOS license denial unfair By DOUG BUCHANAN Daily Reporter Staff Writer The Ohio Division of Securities has denied a license to a Westerville man with 20 years in the business in a decision the man says unfairly focuses on one prior suspension. The division determined on Sept. 16 that Richard Geiger was "not of good business repute" and therefore denied his license application. James F. Hunt Jr., a division hearing examiner, based his recommendation that the license be denied on the fact that Geiger had violated National Association of Securities Dealers rules while serving as temporary president of Chicago-based Lexington Securities Inc. for several months in 1995. Geiger received a 10-day suspension and a $10,000 fine from NASD for the rules violations. NASD found that Geiger had continued to work as Lexington’s head after failing the principal’s exam, and that the firm had failed to properly report some trades and had employed an unregistered representative while he was in charge. Geiger, who was to be a trader at Sierra Brokerage Services Inc. in Columbus, said the actions in question didn’t involve fraud and that he agreed to the suspension to get on with his life. "I’ve been in the business for 20 years and never had a complaint against me in my life," he said. In his report to the division, Hunt agreed Geiger had no prior disciplinary action, but still recommended against the license because it would not restrict him to working as a trader. "Although obviously important to the proper functioning of a securities brokerage firm, the NASD rules which were violated and the violations themselves do not appear to involve retail customers or any allegations of fraud or dishonesty," Hunt wrote. "Historically, it does not appear that (Geiger) has had any problem functioning in (a trader) capacity. However, under the Ohio Securities Act there is no differentiation among securities salesman licenses." Geiger declined to go into specifics about the division hearing because he is appealing the decision to Franklin County Common Pleas Court. "I wish I could tell you my side of the story, but I don’t know what help it could be," he said. ************************************************************************************** **************************************************************************************** sierrabrokerage.com Richard Geiger Mr. Geiger works as a wholesale equity trader for Sierra out of his home office in East Peoria, Illinois. Richie is responsible for market making in several small OTC stocks, and relays all order flow to Messrs. Richardson and Bialecki at the firm's trading desk. Richie has been a trader for over 20 years and originally hails from New York. You may contact him on his direct trading line, 1-888-681-7575, or via email atrichie@sierrabrokerage.com.

To: Mr. Jens Tingleff who wrote (52)	1/21/2002 6:14:32 PM
From: StockDung	Read Replies (1) \| Respond to of 130

Did you notice that Geiger of Sierra Brokerage? Was president of Lexington Securities (Now known as Preston Langley Asset Management.) On September 16, 1997, the Ohio Division of Securities issued a Final Order to Deny Application for Securities Salesman License, Division Order No. 97-237, against Richard Geiger ========================================= Richard Geiger sierrabrokerage.com ========================================== Posted: Oct. 6, 1997 Applicant says ODOS license denial unfair By DOUG BUCHANAN Daily Reporter Staff Writer The Ohio Division of Securities has denied a license to a Westerville man with 20 years in the business in a decision the man says unfairly focuses on one prior suspension. The division determined on Sept. 16 that Richard Geiger was "not of good business repute" and therefore denied his license application. James F. Hunt Jr., a division hearing examiner, based his recommendation that the license be denied on the fact that Geiger had violated National Association of Securities Dealers rules while serving as temporary president of Chicago-based Lexington Securities Inc. for several months in 1995. Geiger received a 10-day suspension and a $10,000 fine from NASD for the rules violations. NASD found that Geiger had continued to work as Lexington’s head after failing the principal’s exam, and that the firm had failed to properly report some trades and had employed an unregistered representative while he was in charge. Geiger, who was to be a trader at Sierra Brokerage Services Inc. in Columbus, said the actions in question didn’t involve fraud and that he agreed to the suspension to get on with his life. "I’ve been in the business for 20 years and never had a complaint against me in my life," he said. In his report to the division, Hunt agreed Geiger had no prior disciplinary action, but still recommended against the license because it would not restrict him to working as a trader. "Although obviously important to the proper functioning of a securities brokerage firm, the NASD rules which were violated and the violations themselves do not appear to involve retail customers or any allegations of fraud or dishonesty," Hunt wrote. "Historically, it does not appear that (Geiger) has had any problem functioning in (a trader) capacity. However, under the Ohio Securities Act there is no differentiation among securities salesman licenses." Geiger declined to go into specifics about the division hearing because he is appealing the decision to Franklin County Common Pleas Court. "I wish I could tell you my side of the story, but I don’t know what help it could be," he said. Copyright 1997, The Daily Reporter ----------------------------------------------------------- ............................Richard Geiger ************* PREVIOUS EMPLOYMENT (4 of 8) *********** Employing Firm: LEXINGTON SECURITIES, INC. Firm CRD Number: Office of Employment address: CHICAGO, IL Start Date: 06/1995 End Date: 10/1995 ------------------------------------------------------------------------------------- For Release: Contacts: Monday, November 2, 1998 Nancy A. Condon (202) 728-8379 Other Contact: Barry Goldsmith (202) 974-2850 NASD Regulation Fines Lexington Capital, President for Securities Violations; Both Ordered to Pay Restitution to Investors Washington, D.C.—NASD Regulation, Inc., announced that it has censured and fined Lexington Capital Corporation, New York, NY, $100,000 and its CEO and President, Alan Michael Berkun, $150,000. The firm and Berkun were also ordered to pay more than $200,000 in restitution and interest to nearly 200 investors. Berkun was also censured and barred as a general securities principal. Another former employee and broker, Joseph Marc Blumenthal, was censured, barred, and fined $100,000. Lexington (formerly known as Marlowe & Company, and now known as Preston Langley Asset Management) and Berkun, both neither admitting nor denying NASD Regulation’s findings, were sanctioned for collaborating to defraud investors and impeding regulatory scrutiny. Specifically, Lexington and Berkun were charged with violating the federal securities laws by, among other things, selling thousands of shares of a penny stock, U.S. Bridge Corp., to nearly 200 investors without making the required disclosures and determining if the investors were suitable to purchase these securities. The complaint, filed by the NASD Regulation’s New York District office, also alleged that Lexington and Berkun also charged investors more than $100,000 in fraudulently excessive markups in connection with an unregistered public distribution of 100,000 shares of Crown Laboratories, Inc. common stock. The excessive markups ranged from 47 percent to over 70 percent. In addition, NASD Regulation found that the firm and Berkun, allowed an individual, who had been barred by NASD Regulation in 1992, to be associated with Lexington, without receiving proper regulatory approvals. Individuals who have been barred and want to re-enter the securities industry are required to obtain approval from NASD Regulation and the SEC. NASD Regulation also charged that Lexington, acting through Berkun and others, falsified the firm’s books and records to conceal the fact that Blumenthal solicited and effected over 300 transactions with investors while not properly registered with NASD Regulation and several states. Investors can obtain the disciplinary record of any NASD-registered broker or brokerage firm by calling (800)289-9999, or by sending an e-mail through NASD Regulation’s Web Site (www.nasdr.com). NASD Regulation oversees all U.S. stockbrokers and brokerage firms. NASD Regulation, along with The Nasdaq Stock Market, Inc., are subsidiaries of the National Association of Securities Dealers, Inc. (NASD ), the largest securities-industry self-regulatory organization in the United States. Investors who have questions should contact NASD Regulation at (301) 590-6500. ------------------------------------------------------------------------ October 18, 2001 PRESS RELEASE SUPERSEDING INDICTMENT CHARGES 25 DEFENDANTS IN $100 MILLION BOILER ROOM STOCK FRAUD SCHEME ALAN VINEGRAD, United States Attorney for the Eastern District of New York, ELIOT SPITZER, New York State Attorney General, and BARRY W. MAWN, Assistant Director-in-Charge of the Federal Bureau of Investigation in New York, today announced the unsealing of a superseding indictment charging 25 defendants with participation in a massive stock fraud scheme. (1) These charges are part of the ongoing criminal case, United States v. Jonathan Winston, et al. In December 2000, a federal grand jury in Brooklyn charged 20 individuals with participation in a stock fraud scheme that defrauded thousands of individual investors out of more than $50 million. The superseding indictment charges nine new defendants and six defendants named in the original indictment with additional crimes that continued and extended over a three year period from February 1998 through March 2001, involved two corrupt brokerage firms, and resulted in the manipulation of the securities of at least two companies. The additional charges allege the defendants defrauded hundreds of individual investors out of more than $50 million, bringing the total loss to investors to over $100 million. The defendants are charged with securities, mail and wire fraud and money laundering, as well as conspiracies to commit these crimes. This case is the result of a joint investigation conducted by the United States Attorney's Office, the New York State Attorney General's Office, the FBI and the Securities and Exchange Commission. The newly charged aspect of the scheme was led by defendants HUNTER ADAMS, GREGG ADAMS, JONATHAN DONESON, RUSSELL EHRENS and ROBERT MANGIARANO, who, together with others, controlled the following brokerage firms: Preston Langley Asset Management, Inc. ("Preston Langley"), which had an office in Hauppauge, Long Island, and later re-located to Manhattan; and Stockton Equities Group ("Stockton Equities"), which had offices in San Diego, California, and Manhattan. Each of these firms is now defunct. The ten other defendants, ALAN BERKUN, JAMES BILA, LEONARD BILA, CHRISTIAN BLAKE, BRIAN CARROLL, JOSEPH DIGIROLAMO, DAVID LAVENDER, ROBERT LISNOFF, JOSEPH MANNINO, and ANTHONY SCALA, were brokers at the two firms. The indictment alleges that HUNTER ADAMS is an associate of the Gambino Organized Crime Family.** The defendants are charged with utilizing various means to manipulate the market price of the securities of companies that traded their securities on the Over-the-Counter Bulletin Board market, and engaged in other deceptive sales practices with respect to public investors. The companies whose securities (hereinafter referred to as "House Stocks") were the subject of manipulation included Americom Networks International, Inc. ("Americom") and Global Eco-Logical Services, Inc. ("Global"). As alleged in the indictment, the defendants' scheme followed a pattern: HUNTER ADAMS, GREG ADAMS, ALAN BERKUN, JONATHAN DONESON, RUSSELL EHRENS and ROBERT MANGIARANO acquired secret control over large blocks of stock of the House Stocks. The defendants acquired the House Stocks for little consideration, usually by paying kickbacks or prearranging trades with those who controlled the House Stocks. Having obtained control of the House Stocks, the defendants then artificially and illegally inflated the stocks' prices. The defendants made false and fraudulent representations to retail customers, used high pressure and deceptive sales tactics, paid and accepted excessive, undisclosed commissions and sales credits, made unauthorized trades in retail customer accounts, and authorized unregistered brokers and cold callers routinely to misrepresent to customers that they were registered brokers. The high pressure and deceptive sales tactics used by the brokers included forecasting enormous returns on investments, luring customers to buy or hold House Stocks by promising that the customers would be allowed to participate in future lucrative deals, and verbally abusing customers who resisted advice to buy or hold House Stocks. As the price of the House Stocks rose as a result of these unlawful techniques, the defendants sold their shares of House Stocks from accounts that they secretly controlled to customers of Preston Langley and Stockton Equities, reaping huge profits. The defendants then sought to maintain the price of the House Stocks held by customers of Preston Langley and Stockton Equities so that the scheme would go undetected and the Preston Langley and Stockton Equities customers could be solicited again to purchase other artificially inflated House Stocks. The defendants artificially maintained the price of the House Stocks by a variety of techniques designed to insulate the House Stocks from the adverse pressure of a lack of genuine market demand, which would cause the stock price to collapse. These techniques included using high-pressure tactics and false statements to persuade customers not to sell House Stocks, and failing to take and execute customer orders to sell. Eventually, after the defendants sold all or most of their shares of a House Stock at artificially inflated prices, they withdrew their support of the price of the House Stock and allowed it to collapse, causing their customers to sustain heavy losses. For example, between May 1998 and June 1999, the defendants drove the price of Americom stock up to $11.00 per share before allowing it to plunge to less than a 5 cents per share. Similarly, during the charged conspiracy, Global fluctuated from a high of $9.00 to a low of 2 cents per share. Currently, Americom is listed at approximately at 1 cent per share and Global is listed at 2 cents per share. HUNTER ADAMS, GREGG ADAMS and ALAN BERKUN are also charged with laundering millions of dollars of proceeds of securities, mail and wire fraud through various domestic and foreign bank accounts. In announcing the indictment, United States Attorney ALAN VINEGRAD: "This case is an example of our continuing efforts to protect the public from the rigged investment 'opportunities' that are presented to the unsuspecting investing public by boiler room operations like First United, Lexington Capital, and AGS, named in the underlying indictment, and now, Preston Langley and Stockton Equities, in the superseding indictment. Here, thousands of investors throughout the United States, sophisticated and unsophisticated, lost tens of millions of dollars because of the defendants' fraudulent practices. This prosecution should send the strong and clear message that unlawful high pressure and deceptive sales practices and market manipulation will not be tolerated. Those responsible will be brought to justice, and we and our partners in law enforcement will continue our efforts to protect the fairness and integrity of our nation's securities markets." ELIOT SPITZER, New York State Attorney General, stated: "This case has proven yet again that the only thing that's guaranteed about the supposedly 'safe and guaranteed' investments being sold by boiler operations is that the victims who fall prey to their empty promises and high-pressure sales tactics will lose their money. The best thing that members of the public can do when called to invest their hard-earned money by someone they don't know is to hang up the phone. We will continue to work vigilantly with our partners in law enforcement to ensure that those behind these 'pump and dump' stock swindles are prosecuted to the fullest extent of the law." BARRY W. MAWN, Assistant Director-in-Charge of the Federal Bureau of Investigation in New York, stated: "The elements of high-pressure, deceptive, boiler room sales tactics and organized crime influence are a pernicious combination for the investing public. These defendants targeted retail customers who were most susceptible to their exaggerated sales pitches. The result was enormous unjust enrichment for the defendants and devastating financial losses for the victims. Working with our partners in law enforcement and securities regulation, we will maintain our vigilance to punish violators and protect the investing public." The defendant JONATHAN DONESON is expected to surrender to law enforcement authorities in San Diego, California, this afternoon. The remaining 14 defendants facing new charges in the superseding indictment surrendered this morning in Brooklyn and were arraigned and released on bail this afternoon by United States District Judge Nicholas G. Garaufis. The government's case is being prosecuted by Assistant United States Attorneys Kenneth M. Breen and Arthur Hui, and Special Assistant United States Attorney/Assistant Attorney General John Panagopoulos. In a related development, the Securities and Exchange Commission, Southeast Regional Office, today instituted administrative proceedings against HUNTER ADAMS, GREG ADAMS, ALAN BERKUN, ROBERT LISNOFF, JAMES BILA, LEONARD BILA, CHRISTIAN BLAKE, BRIAN CARROLL, JOSEPH DIGIROLAMO and JOSEPH MANNINO based on conduct that occurred at Preston Langley. The administrative proceedings allege violations of the antifraud provisions of the federal securities laws. The Defendants: HUNTER ADAMS DOB: 6/30/67 Add: 1954 Bay Boulevard Atlantic Beach, New York 11509 GREGG ADAMS DOB: 5/1/74 Add: 401 East 60th Street New York, New York 10022 ALAN BERKUN (Added in superseding indictment) DOB: 8/24/58 Add: 83 Arnold Court East Rockaway, New York 11518 JAMES BILA DOB: 4/13/70 Add: 158 N. Colony Drive Holbrook, New York 11741 LEONARD BILA (Added in superseding indictment) DOB: 4/13/70 Add: 158 N. Colony Drive Holbrook, New York 11741 CHRISTIAN BLAKE DOB: 2/24/70 Add: 1815 East 17th Street Brooklyn, New York 11229 BRIAN CARROLL (Added in superseding indictment) DOB: 12/4/75 Add: 9513 Avenue N Brooklyn, New York 11236 JOSEPH DIGIROLAMO (Added in superseding indictment) DOB: 5/29/76 Add: 1621 Canarsie Road Brooklyn, New York 11236 JONATHAN DONESON (Added in superseding indictment) DOB: Add: RUSSELL EHRENS (Added in superseding indictment) DOB: 2/16/61 Add: 240 Berry Hill Road Syosset, New York 11791 DAVID LAVENDER (Added in superseding indictment) DOB: 4/1/69 Add: 395 East End Ave., Apt. 2K New York, New York 10280 ROBERT LISNOFF (Added in superseding indictment) DOB: 3/10/64 Add: 3902 Beacon Ave. Seaford, New York 11783 ROBERT MANGIARANO DOB: 4/27/73 Add: 766 Colima La Jolla California 92037 JOSEPH MANNINO DOB: 11/18/73 Add: 353 South 11th Street Lyndenhurst, New York 11757 ANTHONY SCALA (Added in superseding indictment) DOB: 11/12/71 Add: 424 Gravesend Road Brooklyn, New York 11223 1. The charges contained in the indictment announced today are merely accusations, and the defendants are presumed innocent unless and until proven guilty.

To: Mr. Jens Tingleff who wrote (52)	1/21/2002 6:17:34 PM
From: StockDung	Respond to of 130

You may want to send a note to ELIOT SPITZER, New York State Attorney General if you feel you may have information that he may be interested in viewing.

To: Mr. Jens Tingleff who wrote (52)	1/30/2002 5:15:26 PM
From: StockDung	Respond to of 130

Subj: “CHWT” - CHINESE {YAHOO} UPDATE – PENNY STOCK PICKER Date: 2/28/01 4:36:45 PM Eastern Standard Time From: stockfinder5@i-ops.com “CHWT” - CHINESE {YAHOO} UPDATE – PENNY STOCK PICKER Hello Penny Stock Picker & Investor Alert Subscribers. Please read the CHINA WORLD TRADE (NASDAQ OTCBB “CHWT”) update by Tom Heysek @ thepennystockpicker.com. Recently this stock has risen from $.34 to a high of $.75 cents. This update will give you Tom’s reasons as well as a better understanding of the market for “CHWT”. To read the complete report on “CHWT” please visit thepennystockpicker.com. Thank you for your time. To be removed from future updates please click here and we will remove you from our database. ----------------------- Headers -------------------------------- Return-Path: <stockfinder5@i-ops.com> MARKET UPDATE & FEATURE REPORT ON “CHWT” by Tom Heysek MARKET UPDATE: The final numbers are beginning to roll in regarding the stocks-only component of the Mutual Fund Industry for the year 2000. Interesting reading. According to the Investment Company Institute in Washington, D.C., the trade-organization for the Mutual Fund Industry, the amount of money under management by stock-only mutual funds totaled $3.4 Trillion at the end of 2000, versus $3.5 Trillion at the end of 1999. Given the scope of diminished values in the market in 2000, on the surface, that may seem acceptable. But wait a minute. Further inspection of the numbers reveals that $309 Billion in fresh individual investor capital flowed into that Industry in 2000. This means that assets under management for the stock-only component of the Mutual Fund Industry might have at least reached $3.8 Trillion by the end of 2000. Instead, however, the asset value of that component of the Industry contracted by $400 Billion ($3.8 Trillion less the actual value of that component's asset value at 12/31/00, or $3.4 Trillion). Click here to continue on the Heysek Report Market Update FEATURE REPORT: Here is this week’s Penny Stock Picker Report for your investment consideration: China World Trade Corp (CHWT: NASDAQ OTCBB). China WTC is the first business-to-business portal published in both the Chinese and English languages…and focused on the small-to-medium sized trading company. We believe this company is a Winner now. It fills a space of Chinese & English language combined, that is unique, it’s focus is 100% Chinese small-medium enterprises. Generally such companies are lower cost producers who worldwide companies will seek out to reduce their own production costs in a slower American economy. This one point should be examined seriously by all readers because as readers of this newsletter you must understand that true investment opportunities exist and will continue to exist in the marketplace because the best investment opportunities are those subtly emerge rather than ones that are pushed at you to do now. Currently, the Company will have two primary revenue streams many more will follow: Membership dues (from membership in World Trade Corp) Trading Commissions from trade transactions facilitated by CHWT The World Trade Center Club is an international organization comprised of more than 300 clubs in over 100 countries, with corporate membership numbering 700,000. The forecast of Operating Results below is based upon CHWT accumulating a modest 7,000 in corporate membership (< 1% market penetration) by the fifth year. From its World Trade Center Club in Beijing, the Company expects to add two additional clubs by the end of next year. China / Asia are expected to be the next boomtown of the Internet World. With Broadband Wireless Internet coming fast China’s Billion plus population will explode onto the Internet. Just as the US exploded with Internet usage over the last five years next will be China. Just look at these growth expectations. Internet access (M) %'age world online pop. 2003 (est. in M) Total pop. (M) GDP ($B) %'age of world economy English 192.1 47.6% 230 500 $12,257 29.8% Non English 211.3 52.4% 560 5600 $28,843 70.2% Chinese 29.0 7.2% 160 885 $1377 3.3% China / Asia population over the Internet will grow by nearly 5X.. Look to the same opportunities in Asia as we saw in early Internet technologies in the US markets. Obtaining Letter of Credit financing is arguably one of the more serious impediments for small-and-medium size companies. Recent financial sector initiatives at GE Capital have produced technological advances in this otherwise labor-intensive documentation (i.e. letter of credit financing). CHWT expects to be the Marketing Agent for this proprietary technology, once generally available later this year, and would greatly enhance its trade volume forecasts. Click here for the full report on CHWT thepennystockpicker.com CHINA WORLD TRADE CORP by Tom Heysek China WTC is the first business-to-business portal published in both the Chinese and English languages…and focused on the small-to-medium sized trading company. The Company will have two primary revenue streams: Membership dues (from membership in World Trade Corp) Trading Commissions from trade transactions facilitated by CHWT The World Trade Center Club is an international organization comprised of more than 300 clubs in over 100 countries, with corporate membership numbering 700,000. The forecast of Operating Results below is based upon CHWT accumulating a modest 7,000 in corporate membership (< 1% market penetration) by the fifth year. From its World Trade Center Club in Beijing, the Company expects to add two additional clubs by the end of next year. China / Asia are expected to be the next boomtown of the Internet World. With Broadband Wireless Internet coming fast China’s Billion plus population will explode onto the Internet. Just as the US exploded with Internet usage over the last five years next will be China. Just look at these growth expectations. Internet access (M) %'age world online pop. 2003 (est. in M) Total pop. (M) GDP ($B) %'age of world economy English 192.1 47.6% 230 500 $12,257 29.8% Non English 211.3 52.4% 560 5600 $28,843 70.2% Chinese 29.0 7.2% 160 885 $1377 3.3% China / Asia population over the Internet will grow by nearly 5X.. Look to the same opportunities in Asia as we saw in early Internet technologies in the US markets. Obtaining Letter of Credit financing is arguably one of the more serious impediments for small-and-medium size companies. Recent financial sector initiatives at GE Capital have produced technological advances in this otherwise labor-intensive documentation (i.e. letter of credit financing). CHWT expects to be the Marketing Agent for this proprietary technology, once generally available later this year, and would greatly enhance its trade volume forecasts. Forecast of Operating Results, Commencing First Full Year of Operations (Projected at July 1, 2001) (Income Statement items in Thousands, except per share amounts) First Second Third Fourth Fifth Period ended: 6/02 6/03 6/04 6/05 6/06 Revenues: Membership # 1,000 2,500 4,000 5,500 7,000 @$5,000 per m'ship $5,000 $12,500 $20,000 $27,500 $35,000 Trading Commissions 50,000 150,000 350,000 600,000 1,000,000 Total Revenues 55,000 162,500 370,000 627,500 1,035,000 Cost of Revenues 50,000 145,000 325,000 546,000 890,000 Gross Profit 5,000 17,500 45,000 81,500 145,000 Overhead 3,000 6,000 12,000 18,000 24,000 Pretax Income 2,000 11,500 33,000 63,500 121,000 Tax Provision (25%) 500 3,000 8,000 15,500 31,000 Net Income $1,500 $8,500 $25,000 $48,000 $90,000 Earnings Per Share $0.05 $0.25 $0.75 $1.50 $2.80 Shares Outstanding Fully Diluted (millions) 27 32 32 32 32 At a recent price of just 35 cents and with 27 million shares outstanding, CHWT has a market cap of less than $10 million…or 20% of its forecast annual sales for the year commencing this July. Alternatively, it is currently valued at 7 times forward-looking EPS. We expect the Company to make progress in cementing strategic relationships over the next six months…especially given CHWT's initiatives to mesh small-to-medium sized Chinese trading businesses onto the worldwide web drive its membership roles, which in turn, drives (captive) trading volume. As expected operating results for the financial year ahead become more transparent, we believe the stock will return to the $1 / share plus level. Current bear-market-maker sentiment has (erroneously) priced this stock as if it has no future. This is an incorrect investment conclusion, in our opinion, and when there are inefficiencies in market pricing, such as with CHWT, there are usually investment profits to be made when corrected. If you are one of the $10,000 to $20,000 per transaction investors referenced earlier in this column, consider a purchase of 30,000 to 60,000 shares of CHWT in your next investment allocation. This has the potential to be a three-bagger! As American companies seek to access less expensive product during 2001 in order to keep their own end-market prices competitive in a slowing economy, there is anecdotal evidence to confirm that these American companies look overseas generally, and to Asia in particular. Hence, howsoever increased trade with China manifests itself in an uncertain American macro-economic environment this year, China World Trade Corp seems well-positioned to most definitely and commercially participate. At any price under $1 / share, the downside exposure is quite manageable in relation to the upside potential. Email me your comments, complaints or queries here EMAILBAG FOR TOM HEYSEK! If you would like my free report comparing; analytically, China.com to CHWT or if you have any questions for me please complete the contact form on this web site. Thank you, Tom Heysek Research Analyst Thank you for your interest in The Penny Stock Picker and if you have not subscribed yet please do so by Clicking here!. -------------------------------------------------------------------------------- Please click here to read our DISCLAIMER DISCLAIMER: Certain statements in this document are "forward-looking statements" as outlined in the Private Securities Litigation Act of 1995 within the meanings of Section 27A of the Securities Act and Section 21E of the Exchange Act and are subject to certain risks and uncertainties. These risks and uncertainties include but are not limited to economic conditions, changes in the law or regulations, demand for products and services of the company, in the effects of competition. These risks and uncertainties could significantly affect results in the future and actual results may differ materially form any representations herein. Forward-looking statements are typically identified by the words: believe, expect, anticipate, intend, estimate, and similar expressions or which by there nature refer to future events. This press release shall not constitute an offer to sell any securities or solicitation of an offer to buy any securities. This publication is an advertisement on behalf of the said company and may not be construed as investment advice. This is not to be purported to be a complete analysis of the company mentioned. Investing in securities is speculative and carries a high degree of risk. Past performance does not guarantee future results. Readers should consult with there own independent tax; business and financial advisors with respect to any investment, including any contemplated investment in the advertised company. All information contained in this advertisement should be independently verified with the advertised company and any independent financial analyst. You should independently investigate and fully understand all risks before. Certain companies profiled by Internet Promos, LLC pay consideration in cash and/or stock for the electronic dissemination of company information and, in some cases, web site development. In this promotion, a third party, pursuant to a written agreement, retained Internet Promos LLC to conduct the electronic dissemination of information concerning the profiled company. Internet Promos LLC will be paid under a written contract with the third party an amount of thirty seven thousand shares of the companies common stock. Internet Promos, LLC did not receive any other compensation, of any kind, for this promotion. Internet Promos LLC and/or their affiliates or agents may at any time after receipt of any compensation in stock sell all or part of the stock received into the open market at the time of receipt or immediately after they have profiled a particular company. Internet Promos LLC are not registered investment advisors or broker dealers.

To: Mr. Jens Tingleff who wrote (52)	8/27/2002 2:48:56 PM
From: StockDung	Respond to of 130

NASD Registered Person: RICHARD GEIGER CRD Number:873869 This individual's registration with the NASD was terminated as of 08/12/2002. Disclosure information on terminated individuals may occasionally be reported to and captured by NASD; however, such disclosure information has not been reviewed by the individual, and there is no regulatory requirement that terminated individuals report any information to NASD. ****************************************************************************** REPORT SUMMARY **************************************************************************** ******************************************************** Employment History ******************************************************** Employment History: A ten year employment history is viewable through the Public Disclosure Program. For an individual that is currently registered with an NASD member firm the ten years precedes the current date. For an individual that is no longer registered with an NASD member firm, the ten years precedes the end date of the last employment with an NASD member firm. Current Employments: 0 Registrations: 0 Previous Employments: 9 ******************************************************** Disclosure Events: Yes ******************************************************** Disclosure Event: Information that is required to be reported to the NASD by brokers via Form U-4 (Uniform Application for Securities Industry Registration or Transfer) and firms via Form BD (Uniform Application for Broker-Dealer Registration). Some disclosure events may have multiple reporting sources. For example, some information required to be reported by a broker via Form U-4 may also be reported on the broker's record by a firm via Form U-5 (Uniform Termination Notice for Securities Industry Registration) and/or by a regulator via Form U-6 (Uniform Disciplinary Action Reporting Form). If a disclosure event is reported by multiple sources, all versions of the reported event will be disclosed on the broker's public disclosure report. Similarly, some information required to be reported by a broker-dealer firm via Form BD may also be reported on the firm's record via Form U-6. If a disclosure event is reported by multiple sources, all versions of the reported event will be disclosed on the firm's public disclosure report. Criminal Actions: 0 Regulatory Actions: 3 Civil Judicial Actions: 0 Terminations: 0 Customer Complaints: 0 Investigations: 0 Bonds: 0 Bankruptcies: 0 Judgment/Liens: 0 NASD Public Disclosure Program August 27, 2002 Page 2 This information is current as of: 08/27/2002 ________________________________________________________________________________ NASD Registered Person: RICHARD GEIGER CRD Number: 873869 **************************************************************************** PREVIOUS EMPLOYMENT **************************************************************************** This section provides 10 years of an individual's employment history. If the individual is currently registered with the NASD, employment history will be displayed for the previous 10 years. If the individual is not currently registered with the NASD, employment history will be displayed for the 10 years prior to termination of the registration. If the broker was previously employed with an investment adviser, or a firm registered with any self-regulatory organization other than NASD (e.g., the NYSE), "Other Business" will display as the Employing Firm. To obtain additional information about these employing firms, please call the Public Disclosure Call Center Hotline number, 1-800-289-9999. A Firm CRD Number will not display for employing firms that were not registered as an NASD registered firm. Information on these employing firms is not available through the Public Disclosure Call Center Hotline number. *********** PREVIOUS EMPLOYMENT (1 of 9) *********** Employing Firm: SIERRA BROKERAGE SERVICES, INC. Firm CRD Number: 36573 Office of Employment address: COLUMBUS, OH Start Date: 04/1997 End Date: 07/2002 *********** PREVIOUS EMPLOYMENT (2 of 9) *********** Employing Firm: AISCO TRADING, INC. Firm CRD Number: 40901 Office of Employment address: EAST PEORIA, IL Start Date: 04/1996 End Date: 04/1997 *********** PREVIOUS EMPLOYMENT (3 of 9) *********** Employing Firm: AMERICAN INVESTMENT SERVICES, INC. Firm CRD Number: 21111 Office of Employment address: EAST PEORIA, IL Start Date: 02/1996 End Date: 04/1996 *********** PREVIOUS EMPLOYMENT (4 of 9) *********** Employing Firm: LEXINGTON SECURITIES, INC. Firm CRD Number: 13102 Office of Employment address: CHICAGO, IL Start Date: 06/1995 End Date: 10/1995 *********** PREVIOUS EMPLOYMENT (5 of 9) *********** Employing Firm: OHIO OTC TRADING, INC. Firm CRD Number: 36256 Office of Employment address: WESTERVILLE, OH Start Date: 09/1993 End Date: 08/1995 *********** PREVIOUS EMPLOYMENT (6 of 9) *********** Employing Firm: DIVERSIFIED CAPITAL MARKETS, INC. Firm CRD Number: 29320 Office of Employment address: COLUMBUS, OH Start Date: 01/1992 End Date: 08/1993 *********** PREVIOUS EMPLOYMENT (7 of 9) *********** Employing Firm: UNEMPLOYED Firm CRD Number: Office of Employment address: NOT GIVEN Start Date: 10/1995 End Date: 02/1996 NASD Public Disclosure Program August 27, 2002 Page 3 This information is current as of: 08/27/2002 ________________________________________________________________________________ NASD Registered Person: RICHARD GEIGER CRD Number: 873869 PREVIOUS EMPLOYMENT(cont.) *********** PREVIOUS EMPLOYMENT (8 of 9) *********** Employing Firm: RICHARD GEIGER Firm CRD Number: Office of Employment address: COLUMBUS, OH Start Date: 08/1993 End Date: 06/1995 *********** PREVIOUS EMPLOYMENT (9 of 9) *********** Employing Firm: UNEMPLOYED Firm CRD Number: Office of Employment address: WESTERVILLE, OH Start Date: 06/1993 End Date: 09/1993 NASD Public Disclosure Program August 27, 2002 Page 4 This information is current as of: 08/27/2002 ________________________________________________________________________________ NASD Registered Person: RICHARD GEIGER CRD Number: 873869 **************************************************************************** REGULATORY ACTIONS **************************************************************************** DISCLOSURE INFORMATION This section lists regulatory actions that were reported to the CRD and are disclosable through the Public Disclosure Program. Disclosable regulatory actions include formal proceedings initiated by a regulatory authority (i.e., a state securities agency, the NASD, New York Stock Exchange, foreign regulatory body, etc.) for a violation of investment-related rules or regulations. In addition, revocations or suspensions of a broker's authority to act as an attorney, accountant or federal contractor will appear here. Some of the fields in this section of the report may be blank if the information was not provided to CRD. OCCURRENCE COUNTS 3 Record(s) **************************************************************************** FIELD DEFINITIONS ** * Reporting Source: The form through which details of the regulatory action was reported to CRD. * Date Reported: The date the regulatory action was reported to CRD. * Initiated By: The name of the securities regulator that initiated the regulatory action (e.g., regulator, foreign financial regulatory authority, self-regulatory organization, federal agency such as SEC, state, etc.). * Date Initiated: Date the regulatory action was initiated. * Docket/Case Number: Docket or case number of the regulatory action. * Employing Firm: Firm where broker was employed when activity occurred that led to the regulatory action. * Allegations: Allegations made against the broker leading to the regulatory action. * Current Status: The current status of the regulatory action (i.e., pending, on appeal or final). * Resolution: The resolution of the regulatory action (e.g., acceptance, waiver and consent; decision; decision and order of offer of settlement; order; settled; etc.). * Resolution Date: The date the regulatory action was resolved. * Sanction Details: Additional details regarding any sanctions ordered. * Summary: A summary of the details related to the regulatory action. ****************************************************************************** **** REGULATORY ACTION (1 of 3) **** Reporting Source: Regulator (Form U-6) Date Reported: 08/12/2002 Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. Date initiated: 07/10/2002 Docket/ Case Number: C8B020014 Employing Firm: SIERRA BROKERAGE SERVICES, INC. Allegations: NASD RULES 1032(F), 2110 - WITHOUT ADMITTING OR DENYING THE ALLEGATIONS, THE RESPONDENT CONSENTED TO THE ENTRY OF FINDINGS THAT HE FUNCTIONED IN A CAPACITY REQUIRING REGISTRATION AS AN EQUITY TRADER WITHOUT BEING REGISTERED IN THAT CAPACITY. Current Status: Final Resolution: Acceptance, Waiver & Consent(AWC) Resolution Date: 07/10/2002 Sanctions Ordered: Monetary/Fine, Suspension NASD Public Disclosure Program August 27, 2002 Page 5 This information is current as of: 08/27/2002 ________________________________________________________________________________ NASD Registered Person: RICHARD GEIGER CRD Number: 873869 REGULATORY ACTIONS(cont.) Monetary Amount: $10,000.00 Resolution Details: FINED $10,000 AND SUSPENDED FROM ASSOCIATION WITH ANY NASD MEMBER IN ANY CAPACITY FOR 20 BUSINESS DAYS.SUSPENSION EFFECTIVE AUGUST 19, 2002 TO CLOSE OF BUSINESS SEPTEMBER 16, 2002. Summary: **** REGULATORY ACTION (2 of 3) **** Reporting Source: Regulator (Form U-6) Date Reported: 09/16/1997 Initiated By: Ohio Division of Securities Date initiated: 09/16/1997 Docket/ Case Number: 97-237 Employing Firm: Allegations: Not of good business repute. Current Status: Final Resolution: Order Resolution Date: 09/16/1997 Sanctions Ordered: Revocation/Expulsion Resolution Details: Application for Securities Salesman License was denied. Summary: On September 16, 1997, the Ohio Division of Securities issued a Final Order to Deny Application for Securities Salesman License, Division Order No. 97-237, against Richard Geiger, CRD No. 873869. The Division found that Geiger was not of good business repute as that term is defined in Ohio Administrative Code Rule 1301:6-3-19(D), (G) and (9) and Ohio Revised Code section 1707.19(A). ******************************* Reporting Source: Broker (Form U-4) Date Reported: 02/10/1999 Initiated By: STATE OF OHIO DIVISION OF SECURITIES Date initiated: 09/16/1997 Docket/ Case Number: 97-237 Employing Firm: Allegations: THAT I WAS NOT "OF GOOD BUSINESS REPUTE" AS THAT TERM IS USED IN ADMINISTRATIVE CODE RULE 1301:6-3-19(D)(7) AND (9) AND REVISED CODE SECTION 1707019(A). Current Status: Final Resolution: Order Resolution Date: 09/16/1997 Sanctions Ordered: Revocation/Expulsion Resolution Details: DENIAL OF REGISTRATION BY THE STATE OF OHIO AND TERMINATION IN THAT STATE BY THE FIRM. Summary: OHIO DIVISION OF SECURITIES BASED THEIR DECISION SOLELY UPON MY ACCEPTANCE OF NASD COMPLAINT NO. C8A960060 DATED 10/11/96, IN WHICH I CONSENTED TO FINDINGS AND PAID A $10,000 FINE. I BELIEVE THE DENIAL TO BE PERSONALLY AND/OR POLITICALLY MOTIVATED. NASD Public Disclosure Program August 27, 2002 Page 6 This information is current as of: 08/27/2002 ________________________________________________________________________________ NASD Registered Person: RICHARD GEIGER CRD Number: 873869 REGULATORY ACTIONS(cont.) **** REGULATORY ACTION (3 of 3) **** Reporting Source: Regulator (Form U-6) Date Reported: 01/23/1997 Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. Date initiated: 10/11/1996 Docket/ Case Number: C8A960060 Employing Firm: Allegations: Current Status: Final Resolution: Decision & Order of Offer of Settlement Resolution Date: 01/23/1997 Sanctions Ordered: Monetary/Fine, Censure, Suspension Monetary Amount: $10,000.00 Resolution Details: Summary: [TOP] COMPLAINT NO. C8A960060 FILED OCTOBER 11, 1996 BY DISTRICT NO. 8 AGAINST ROBERT J. LARSON, B. ALICIA CAMPOS, RICHARD GEIGER, FRANK J. PORTIER, AND PAUL J. MATON ALLEGING VIOLATIONS OF NASD RULE 2110 (FORMERLY ARTICLE III, SECTION 1 OF THE RULES OF FAIR PRACTICE) IN THAT RESPONDENT GEIGER WAS ASSOCIATED WITH A MEMBER FIRM AS ITS PRESIDENT WHILE FAILING TO PROPERLY QUALIFY AND/OR REGISTER IN THE APPROPRIATE CAPACITY PRIOR TO ENGAGING IN SUCH CAPACITY WITH THE MEMBER; EFFECTED SECURITIES TRANSACTIONS WHILE FAILING TO TIMELY AND ACCURTELY REPORT THE TRANSACTIONS AND WHILE FAILING TO ACCURATELY DISCLOSE INFORMATION ON CUSTOMER CONFIRMATIONS; AND, RESPONDENT GEIGER, PERMITTED RESPONDENT PORTIER TO ENGAGE IN THE INVESTMENT BANKING OR SECURITIES BUSINESS AND/OR FUNCTIONING AS A REPRESENTATIVE WITH A MEMBER FIRM PRIOR TO PROPERLY QUALIFYING AND/OR REGISTERING IN THE APPROPRIATE CAPACITY. ON JANUARY 23, 1997, THE DECISION AND ORDER OF ACCEPTANCE OF OFFER OF SETTLEMENT SUBMITTED BY RESPONDENT GEIGER WAS ISSUED; THEREFORE, HE IS CENSURED, FINED $10,000, SUSPENDED FROM ASSOCIATION WITH ANY NASD MEMBER IN ANY CAPACITY FOR TEN BUSINESS DAYS, AND PROHIBITED FROM QUALIFYING AND/OR ACTING IN ANY PRINCIPAL CAPACITY WITH NASD MEMBER FOR ONE YEAR. THE SUSPENSION WILL COMMENCE WITH THE OPENING OF BUSINESS MARCH 17, 1997 AND WILL CONCLUDE MARCH 31, 1997. $10,000.00 FULLY PAID AS OF 5/15/98, INVOICE #97-8A-114 ********************************* Reporting Source: Broker (Form U-4) Date Reported: 11/25/1996 Initiated By: NASD REGULATION, DBCC DISTRICT NO. 8 Date initiated: 10/11/1996 Docket/ Case Number: C8A960060 Employing Firm: Allegations: 1.) FAILURE TO PROPERLY QUALIFY AND/OR REGISTER AS PRINCIPAL WHEN ACTING IN SUCH CAPACITY - VIOLATION OF NASD CONDUCT RULE 2110, 2.) FAILURE TO TIMELY AND ACCURATELY REPORT NMS TRANSACTIONS - VIOLATION OF RULES 4632 AND 6620. 3.) FAILURE TO ACCURATELY DISCLOSE INFORMATIOIN ON CUST. CONFIRMATIONS - VIOLATION OF SEC RULE 10B-10, AND 4.) PERMIT- TED NON-REGISTERED INDIVIDUAL TO TRADE - VIOLATION OF RULE 1031. Current Status: Final Resolution: Decision & Order of Offer of Settlement Resolution Date: 01/23/1997 Sanctions Ordered: Monetary/Fine, Censure, Suspension NASD Public Disclosure Program August 27, 2002 Page 7 This information is current as of: 08/27/2002 ________________________________________________________________________________ NASD Registered Person: RICHARD GEIGER CRD Number: 873869 REGULATORY ACTIONS(cont.) Monetary Amount: $10,000.00 Resolution Details: CENSURE, FINED $10,000, SUSPENDED FOR TEN BUSINESS DAYS FROM ASSOCIATION AND PROHIBITED FOR ONE YEAR FROM QUALIFYING AND/OR ACTING AS PRINCIPAL. Summary: PLEASE SEE ATTACHED "DECISION AND ORDER OF ACCEPTANCE" OF EVENT. ********* END OF REPORT **********