kensington wells first next(imo)fvh will FRY
playing with zsun
i will pisss on your grave after i
toast marshmellows when you
fry LONGS ON FVH PLEASE
BE CAREFUL THERE COULD BE SOME MAJOR DAMAGE HERE i
sold my fvh good luck to shareholders and market
makers i can't wait to watch you BURN
New York, July 22 (Bloomberg) -- A Fahnestock &
Co. broker, the owners of a Long Island New York
brokerage and its employees are among 15 people charged
today by the U.S. Attorney�s Office in New York with
generating "tens of millions�� in illegal profit from three
initial public offerings.
Elias Tacher, 70 and
Silvador Tacher, 42, the owners of the Kensington Wells
brokerage on Long Island, the firm�s accountant, as well as
Swiss investment banker Daniel Connor, and a group
including Fahnestock broker Michelle Maureen
Sarian/McDonough were scheduled to appear today in federal court
in Uniondale, Long Island.
The defendants are
charged with helping to inflate prices of IPOs that
Kensington Wells underwrote for XeChem International Inc.,
Universal Automotive Industries Inc., and VideoLan
Technologies Inc., and with hiding profits in offshore
accounts and accounts listed in other people�s
The charges are the latest in a series of stock
frauds prosecuted by the office of the Brooklyn-based
U.S. Attorney for
the Eastern District of New York.
Long Is land is included within the district.
In a written statement, U.S. Attorney Loretta Lynch
said Kensington Wells was a "boiler-room" brokerage
that used high-pressure sales tactics to get customers
to buy shares of stocks it underwrote -- and then
ignore sell orders. She said thousands of consumers were
victimized by the scam between 1994 and 1995.
Tachers sold the IPO stocks to people who agreed to
immediately sell them back to Kensington Wells at a preset
profit on the first day of trading. Some of those people
also acted as nominees for the Tachers and kicked back
some or all of the profits to the two men, according
After the Tachers gained
control of these stocks, they inflated the prices
"through an aggressive cold-calling campaign that utilized
a number of deceptive and misleading practices,
including false and improper predictions of the future
prices of the stocks, and exalted claims about the
companies� business prospects," Lynch said in a written
Charges against the defendants include securities fraud
conspiracy, money laundering conspiracy, and money
In the alleged fraud reated to VideoLan, more than
$8 million in profits were laundered through
off-shore accounts that benefited the Tachers, prosecutors
said. Michelle Maureen Sarian/McDonough, 42, the
Fahnestock broker, is charged with directing a plan to
launder the $8 million in VideoLan profits through
international nominee accounts in the names of Swiss, Barbadian
and Antillean corporations, where the money would be
hard to trace, prosecutors said. In some cases,
Sarian/McDonough delivered the Tachers� profits in duffel bags
full of cash, prosecutors said.
established a number of nominee accounts in the name of the
Swiss investment banker, Daniel Connor, prosecutors
said. The U.S. government is trying to get Connor
extradited from Switzerland, they said. "I am aware that the
U S. Attorney�s office has instituted some kind of
action," said Eric Shames, Fahnestock general counsel,
adding that the New York brokerage has cooperated with
the U.S. Attorney�s office. He said Sarian/McDonough
is still employed by Fahnestock. though he declined
to comment further on the charges.
convicted, the defendants face fines and prison terms and
could be required to pay resititution. The maximum
prison term for securities fraud conspiracy is five
years, and the maximum for money laundering is 20 years,
the U.S. Attorney�s office said..
Telisavcic in New York (212) 233-2257, through the New York
newsroom (212) 893-3665.
Our new pick is MDI
Entertainment - symbol MDIH - currently trading near $2.
MDI Entertainment, Inc. (a fully reporting company)
specializes in creating, marketing and implementing
entertainment-based promotions to the North American lottery
industry. More than likely you have run across some of
their promotions at your local convenience store: MDI
Entertainment's current lottery promotions include scratch games
featuring properties such as Harley-Davidson, Star Trek,
Wheel of Fortune.
Revenues and profits for MDIH
are on fire: For the most recent 9 months they
created over $6,000,000 in sales, with over $1,100,000 in
profits or .14 per share. These revenues represent an
increase of over 400%. If MDIH comes out between .16 and
.19 per share for the full 12 month period (which we
expect they will), then applying a mediocre PE span of
around 15 to 20 would be equivalent to a share price of
near $3 to $3.75. A much higher PE (and therefore
stock price) could be attained when the company becomes
listed on a larger exchange (NASDAQ, AMEX, etc.). The
company has talked of such a move.
has some interesting developments that could help
propel the stock to new heights: one of their new sites
http://www.lotterydeal.com will enable lottery players holding non-winning
tickets to purchase themed merchandise. The site will
offer a vast array of different merchandise items
associated with MDI's licensed lottery properties. The
non-winning tickets will, in effect, be valuable coupons.
Ticket holders will be able to apply the original price
of the ticket for discounts towards the purchase of
the merchandise available on the web site. Tickets
can be aggregated for discounts of up to 20%.
Recent news announced that New Jersey will be the first
state lottery with an MDI web site. The state will
receive 10% of the merchandise revenues. If all states
begin moving toward some type of merchandise web site
in conjunction with their lotteries, we would expect
huge revenue increases as a result.
company site is located at
A link to their SEC filings can be found
under the section titled "Investors".
Considering MDIH's fundamental value and exciting
developments, we feel this company is a great short term
If there are no Harley-Davidson (R)
scratch tickets in your area, here is a link which shows
I am assuming that momentum will carry this little
gem towards the $5 to $10 range
The best internet stock pick of the week
Specialize in online trading,
E*TRADE from bottom $ to $100)
Hurry up!!! This
internet stock will hit $3 in
2 weeks!!! Jump in
before it flies!
Check it out!!!
JNNE->MAKO->PABN (Now is PABN�s turn
and don�t miss it this time!!!)
FVH 1998 annual report is available at;
Once any company is selected, click on the
state of that company. All companies within
the same industry or
state will appear. Additional
annual report selections may be
made at that time.