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[RT] Re: R: Jailed Market Guru To Defend Himself



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<DIV><FONT face=Arial size=2>he would still be a slug, just a more annoying 
slug</FONT></DIV>
<BLOCKQUOTE 
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
  <DIV style="FONT: 10pt arial">----- Original Message ----- </DIV>
  <DIV 
  style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B> 
  Gram </DIV>
  <DIV style="FONT: 10pt arial"><B>To:</B> <A 
  href="mailto:realtraders@xxxxxxxxxxxxxxx"; 
  title=realtraders@xxxxxxxxxxxxxxx>realtraders@xxxxxxxxxxxxxxx</A> </DIV>
  <DIV style="FONT: 10pt arial"><B>Sent:</B> Thursday, April 27, 2000 12:00 
  PM</DIV>
  <DIV style="FONT: 10pt arial"><B>Subject:</B> [RT] R: Jailed Market Guru To 
  Defend Himself</DIV>
  <DIV><BR></DIV>
  <DIV><FONT color=#000000 size=4>Well, Here we are: justice in the land of the 
  free. I bet no-one would have complained if he had turned the 3 billion into 5 
  billion - even if he had used "underhand methods".</FONT></DIV>
  <DIV><FONT color=#000000 size=4></FONT><FONT size=4>Gram.</FONT></DIV>
  <BLOCKQUOTE 
  style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; PADDING-LEFT: 5px">
    <DIV><FONT face=Arial size=2><B>--</B><BR><B>Oggetto: </B>[RT] Jailed Market 
    Guru To Defend Himself<BR><BR></DIV></FONT>
    <DIV><FONT face=Arial>
    <H3><FONT size=1>Jailed Market Guru To Defend Himself</FONT></H3>
    <P><FONT size=1>By NOELLE KNOX, AP Business Writer </FONT></P>
    <P>
    <P><FONT size=1>NEW YORK (AP) -- Famed market forecaster Martin Armstrong 
    will be allowed to defend himself against securities fraud charges, a ruling 
    that has some wondering if he can get a fair trial. </FONT>
    <P><FONT size=1>In a closed hearing Monday, U.S. District Judge Richard Owen 
    ruled that Armstrong, who has no formal legal training, will be allowed to 
    represent himself in court against accusations by U.S. regulators that he 
    defrauded Japanese investors out of $1 billion. </FONT>
    <P><FONT size=1>However, Armstrong is in a cell in the Metropolitan 
    Correctional Center in New York for contempt of court, his assets have been 
    frozen and he has no money to pay a lawyer to help him in the civil case. 
    </FONT>
    <P><FONT size=1>''Given his circumstances, he is in a very difficult 
    position. It is a very complex case and it is going to be very difficult for 
    him to prepare for a trial,'' said Martin Unger, the lawyer who represented 
    Armstrong until this week. </FONT>
    <P><FONT size=1>Unger withdrew from the case because of disagreements with 
    Armstrong and because Armstrong couldn't pay him. </FONT>
    <P><FONT size=1>Armstrong, who founded Princeton Economics International, 
    allegedly sold $3 billion worth of securities to Japanese companies, 
    pledging to repay them with interest. Instead of putting the money in 
    conservative bonds as promised, he made risky bets on currencies and other 
    investments. </FONT>
    <P><FONT size=1>Faced with mounting losses, he tried to hide the truth from 
    investors by giving them false account statements, said authorities, who 
    raided his offices last September. Armstrong repaid $2 billion, but still 
    owes $1 billion. </FONT>
    <P><FONT size=1>He is being sued civilly by the Securities and Exchange 
    Commission and the Commodity Futures Trading Commission, and in a separate 
    criminal case by the U.S. attorney's office. </FONT>
    <P><FONT size=1>Armstrong has pleaded innocent and blames executives at 
    Republic Bank (recently acquired by HSBC), where the funds were held. 
</FONT>
    <P><FONT size=1>The judge has maintained that Armstrong can get out of 
    prison anytime he wants by handing over the missing documents and valuables. 
    </FONT>
    <P><FONT size=1>Armstrong, however, said in the interview, ''I'm in here to 
    keep me quiet. ... I will never receive a fair trial before Judge Owen. 
    There's a hidden agenda going on 
here.''</FONT></P></FONT></DIV></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
</x-html>From ???@??? Thu Apr 27 13:33:46 2000
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From: "Gram" <gramario@xxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Subject: [RT] R: Re: R: Jailed Market Guru To Defend Himself
Date: Thu, 27 Apr 2000 22:03:02 +0200
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Status:   

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<DIV><FONT color=#000000 size=4>Perhaps. But my point is: would he be in jail 
for using improper techniques?</FONT></DIV>
<DIV><FONT color=#000000 size=4></FONT><FONT size=4>Gram.</FONT></DIV>
<BLOCKQUOTE 
style="BORDER-LEFT: #000000 solid 2px; MARGIN-LEFT: 5px; PADDING-LEFT: 5px">
    <DIV><FONT face=Arial size=2><B>-----Messaggio originale-----</B><BR><B>Da: 
    </B>Sean Cassidy &lt;<A 
    href="mailto:scassidy@xxxxxxxxx";>scassidy@xxxxxxxxx</A>&gt;<BR><B>A: </B><A 
    href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx</A> 
    &lt;<A 
    href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx</A>&gt;<BR><B>Data: 
    </B>27/04/2000 21:57<BR><B>Oggetto: </B>[RT] Re: R: Jailed Market Guru To 
    Defend Himself<BR><BR></DIV></FONT>
    <DIV><FONT face=Arial size=2>he would still be a slug, just a more annoying 
    slug</FONT></DIV>
    <BLOCKQUOTE 
    style="BORDER-LEFT: #000000 solid 2px; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
        <DIV style="FONT: 10pt arial">----- Original Message ----- </DIV>
        <DIV 
        style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B> 
        Gram </DIV>
        <DIV style="FONT: 10pt arial"><B>To:</B> <A 
        href="mailto:realtraders@xxxxxxxxxxxxxxx"; 
        title=realtraders@xxxxxxxxxxxxxxx>realtraders@xxxxxxxxxxxxxxx</A> </DIV>
        <DIV style="FONT: 10pt arial"><B>Sent:</B> Thursday, April 27, 2000 
        12:00 PM</DIV>
        <DIV style="FONT: 10pt arial"><B>Subject:</B> [RT] R: Jailed Market Guru 
        To Defend Himself</DIV>
        <DIV><BR></DIV>
        <DIV><FONT color=#000000 size=4>Well, Here we are: justice in the land 
        of the free. I bet no-one would have complained if he had turned the 3 
        billion into 5 billion - even if he had used &quot;underhand 
        methods&quot;.</FONT></DIV>
        <DIV><FONT color=#000000 size=4></FONT><FONT size=4>Gram.</FONT></DIV>
        <BLOCKQUOTE 
        style="BORDER-LEFT: #000000 solid 2px; MARGIN-LEFT: 5px; PADDING-LEFT: 5px">
            <DIV><FONT face=Arial size=2><B>--</B><BR><B>Oggetto: </B>[RT] 
            Jailed Market Guru To Defend Himself<BR><BR></DIV></FONT>
            <DIV><FONT face=Arial>
            <H3><FONT size=1>Jailed Market Guru To Defend Himself</FONT></H3>
            <P><FONT size=1>By NOELLE KNOX, AP Business Writer </FONT></P>
            <P>
            <P><FONT size=1>NEW YORK (AP) -- Famed market forecaster Martin 
            Armstrong will be allowed to defend himself against securities fraud 
            charges, a ruling that has some wondering if he can get a fair 
            trial. </FONT>
            <P><FONT size=1>In a closed hearing Monday, U.S. District Judge 
            Richard Owen ruled that Armstrong, who has no formal legal training, 
            will be allowed to represent himself in court against accusations by 
            U.S. regulators that he defrauded Japanese investors out of $1 
            billion. </FONT>
            <P><FONT size=1>However, Armstrong is in a cell in the Metropolitan 
            Correctional Center in New York for contempt of court, his assets 
            have been frozen and he has no money to pay a lawyer to help him in 
            the civil case. </FONT>
            <P><FONT size=1>''Given his circumstances, he is in a very difficult 
            position. It is a very complex case and it is going to be very 
            difficult for him to prepare for a trial,'' said Martin Unger, the 
            lawyer who represented Armstrong until this week. </FONT>
            <P><FONT size=1>Unger withdrew from the case because of 
            disagreements with Armstrong and because Armstrong couldn't pay him. 
            </FONT>
            <P><FONT size=1>Armstrong, who founded Princeton Economics 
            International, allegedly sold $3 billion worth of securities to 
            Japanese companies, pledging to repay them with interest. Instead of 
            putting the money in conservative bonds as promised, he made risky 
            bets on currencies and other investments. </FONT>
            <P><FONT size=1>Faced with mounting losses, he tried to hide the 
            truth from investors by giving them false account statements, said 
            authorities, who raided his offices last September. Armstrong repaid 
            $2 billion, but still owes $1 billion. </FONT>
            <P><FONT size=1>He is being sued civilly by the Securities and 
            Exchange Commission and the Commodity Futures Trading Commission, 
            and in a separate criminal case by the U.S. attorney's office. 
            </FONT>
            <P><FONT size=1>Armstrong has pleaded innocent and blames executives 
            at Republic Bank (recently acquired by HSBC), where the funds were 
            held. </FONT>
            <P><FONT size=1>The judge has maintained that Armstrong can get out 
            of prison anytime he wants by handing over the missing documents and 
            valuables. </FONT>
            <P><FONT size=1>Armstrong, however, said in the interview, ''I'm in 
            here to keep me quiet. ... I will never receive a fair trial before 
            Judge Owen. There's a hidden agenda going on 
            here.''</FONT></P></FONT></DIV></BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
</x-html>From ???@??? Thu Apr 27 21:31:57 2000
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Date: Thu, 27 Apr 2000 22:09:55 -0400
To: <realtraders@xxxxxxxxxxxxxxx>
From: Brian Keith Voiles <admagic@xxxxxxxx>
Subject: [RT] Ira Tunik as a S&P Trading Mentor
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Status:   

I'm about ready to jump onboard Ira Tunik's mentor program.
I'm looking for recommendations... experiences with Ira, both
good and bad, etc.  And if there's anyone trading what he
teaches, could you please respond as well.

I've chatted via email with 3 or 4 of his past students... and it
sounds very wonderful.

Thanks to everyone in advance.
Warmly,
Brian Keith Voiles