Web: Global Client Elgindy Slammed by US Attorney

Web

Global Client Elgindy Slammed by US Attorney

Bud Burrell, Lee M. Webb

Street Wire cited by Sanity Check via Wayback, 4 March 2006

Amr (Anthony) Elgindy, a short selling fraudster who conducted many of his trades through Vancouver-based Global Securities Corp., deserves “a very substantial term of imprisonment,” according to Assistant United States Attorney John Nathanson. In fact, the U.S. government thinks Mr. Elgindy should be locked up for life.

Mr. Elgindy was arrested in May of 2002 and convicted on 11 counts of a 32-count indictment for racketeering, securities fraud and extortion last January. He is now scheduled to be sentenced on March 22.

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