Complaint Review: Options Talent

I am posting this just to make people aware of how ruthless this company can be. They have hired a lawyer who used to be a a federal prosecuter. They then have her use her contacts to prosecute people who try to expose the company.

When the owner of another site caught on to their scheme they had him arrested and held without Bail. The following is an article that was in the Los Angeles Times.

If a website trashes a public company and that companies stock is affected they can have the operator of the website prosecuted for racketeering.

I know they have been talking to the FBI about this website. I think the person putting this website up is very brave and smart enough to protect himself and we should all be thankful to him for providing such a service.

A Olivenhain man was arrested on charges of stock market fraud Wednesday. The government alleged Internet stock analyst Anthony "Tony" Elgindy got help from two FBI agents in a shakedown scheme. Elgindy and five other defendants were charged in a fraud indictment unsealed in federal court in Brooklyn.

FBI agents Lynn Wingate, assigned to the bureau's Albuquerque, N.M. office, and Jeffrey Royer, a former agent in the Oklahoma City office who resigned last year, allegedly supplied the defendants with confidential information on investigations of publicly traded companies.

A federal judge ordered Elgindy, 34, held without bond after prosecutors contended he was a flight risk. Bail was set for an associate, Troy Peters, 39, at $200,000.

In exchange for money, the agents used FBI databases to provide their co-conspirators inside FBI information on publicly traded companies, the indictment said. In 2000 and 2001, an associate of Elgindy, Derrick Cleveland, wired Royer $30,000 while he was still an FBI agent, the papers said.

Elgindy spread negative information on the companies on his Web site and to Brooklyn subscribers of his e-mail newsletter, InsideTruth.com, while betting that the companies' stock would go down.

The defendants "sometimes reported negative information about the targeted companies to the Securities and Exchange Commission and the FBI in order to initiate or hasten regulatory and law enforcement action, which they knew would cause the stock prices to fall sharply once such action became public," court papers said.

In one case, Royer searched the FBI's confidential National Crime Information Center database and discovered the criminal history of a top executive for a company called Nuclear Solutions, the papers said. The same day, Elgindy began sending e-mails calling the executive "a convicted felon," then shorted the company's stock, the papers added.

Elgindy and Cleveland also extorted cheap or free shares of stock in exchange for agreeing to stop their smear campaign, authorities said. After they became the focus of a grand jury investigation, Wingate allegedly fed Royer -- by then an employee of Elgindy -- secret information, including descriptions of subpoenaed documents.

The charges "reveal a shocking partnership between an experienced stock manipulator and law enforcement agents, undertaken for their illicit personal financial gain," said U.S. Attorney Alan Vinegrad.

"Needless to say, this is very disappointing for the 27,000 men and women of the FBI around the world that do their jobs everyday without any sort of fraud or scam to it," said Jan Caldwell, spokeswoman for the bureau's San Diego office.

Royer, 39, and Wingate, 34, were in custody in Albuquerque; and Cleveland, 37, in Oklahoma City, pending court appearances. Their defense attorneys could not be immediately reached for comment.
If convicted of racketeering, conspiracy and other charges, each defendant could receive 20 years in prison.

Dave
Orlando, Florida

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