05/24/2002 Archived Entry: "anthony@pacific, FBI, 9/11 suspicious trading, Bush Administration"
Below is the research linking the FBI-held trader with possible 9/11 Egyptian ties, who has a activist brother in DC that was a former staffer for McKinney, who then worked with candidate Bush, and who is now in the Bush Administration.
If you've traded OTC's over the past few years, you know who anthony@pacific is. He's widely followed for his trading picks, especially short-selling of stocks, which has gotten him in trouble in the past, when he was a broker:
Amr Ibrahim Elgindy (CRD #1824634, Registered Principal, Colleyville, Texas) named as respondents in an NASD complaint alleging that the firm, acting through Elgindy, engaged in a manipulative, deceptive, and fraudulent scheme involving the trading of a security by obtaining money, selling the security short at higher manipulated prices, and then attempting to cover the short position at a lower price by causing the price of the security to drop through the dissemination of deceptive sell recommendations about the security. The complaint further alleges that, in furtherance of the scheme, and in an attempt to profit from the security's short position, the firm, acting through Elgindy, disseminated, or made generally available to customers or the public, a report concerning the security in which the firm initiated coverage of the security with a sell recommendation. The complaint alleges that the report was deceptive in that the respondents failed to disclose that the firm was registered as a market maker and held a proprietary short position in the security. The NASD alleges that by this conduct, the firm, acting through Elgindy, by the use of means or instrumentalities of interstate commerce, to wit, the Nasdaq System and news wire services, intentionally and recklessly effected transactions in, and induced the purchase and sale of a security by means of manipulative, deceptive, and other fraudulent devices or contrivances. (NASD Case #CMS000015)
Most recently as a trader, he's a famous short-seller, one of the best, and now we know why. He has had an FBI source that has been feeding him stocks that are under pending investigation, short-selling them alongside his crew of bears.
Earlier this week, FBI agents raided Elgindy's $2.2 million mansion. Inside, agents said they found tens of thousands of dollars in cash and gold coins. The government is seeking to seize his fleet of cars, which include a Rolls Royce, a Jaguar and a Humvee. If convicted of all counts, Elgindy faces a maximum 65 years in prison.
It's a bigger story now because of some comments he made following a trade:
Amr I. "Tony" Elgindy telephoned his broker on Sept. 10 and asked him to liquidate his children's $300,000 trust account, Assistant U.S. Attorney Ken Breen told a federal judge at Elgindy's detention hearing. "He made a comment predicting the market would drop to 3,000" at a time when the Dow Jones stock index was at 9,600, Breen said. "Perhaps Mr. Elgindy had pre-knowledge of the Sept. 11 attacks. Instead of trying to report it, he tried to profit from it." Elgindy, 34, of Encinitas, was ordered held without bond on charges of racketeering, extortion and obstruction of justice.
www.canada-stockwatch.com
The stunning, and unproven, allegation was made Friday morning at a detention hearing in San Diego by Brooklyn Assistant United States Attorney Ken Breen of the Eastern District of New York. The Sept. 11 comments formed part of the government's successful argument that Mr. Elgindy poses a serious flight risk, and he was denied bail. [The FBI] also presented verbal evidence to Magistrate Judge John Houston of Mr. Elgindy moving funds offshore, including $700,000 transferred to Lebanon, and the fact that the short gave directions for his Web site operation to start sending profits to Lebanon. (All figures are in U.S. dollars.) While Stockwatch reported Thursday that Mr. Elgindy bought a hotel in Lebanon two months ago, citing an unconfirmed source, [The FBI] did not mention the hotel in court....
Here is his SI thread, Anthony @ Equity Investigations, Dear Anthony, where this is being posted on extensively. One of the posts describes in detail how the extortion worked, and contains a quote by his lawyer stating that Anthony's brother works in the White House, TSX member Global wired Elgindy money to Lebanon: He has brothers -- a brother that works in the White House.
Mr. Elgindy's brother, Khaled Elgindy, is a Washington-based Arab American activist involved in Islamic affairs and Amr Elgindy himself has shown a charitable interest in Muslim issues, but there is no evidence that either are connected to, or in any way condone, the cause of Mr. bin Laden, his Al Qaeda network or any other terrorist organizations.
This man, Khaled Elgindy (an Egyptian-American like Ibrahim Elgindy), has been working with Bush since at least 1999:
ARAB AMERICANS MEET WITH BUSH
C o u n t d o w n t o 2 0 0 0
==============================
A regular update for Arab American voters
December 16, 1999 * Update #14
On Wednesday, a delegation of ethnic Republicans, including several Arab Americans, met with Republican presidential hopeful George W. Bush in Austin, Texas. The meeting focused on a broad range of domestic and foreign policy, but did not include a discussion of Middle East policy. Bush's campaign representatives did express interest in recruiting Arab American delegates. For more information about the delegate selection process in your state, contact:
Khaled Elgindy at (202) 429-9210 or kelgindy@arab-aai.org.
Recently, Khaled has been interviewed, Sept 22, 2000, Discussing Jerusalem with the American Public, at Al-Hewar Center in DC.
" Mr. Elgindy then turned the discussion to the Congress, which he called "perhaps the greatest single challenge that we face in raising the issue… because the ‘other side’ has done a tremendous job of monopolizing the discourse on Capitol Hill when it comes to Jerusalem." He talked about the pro-Israel lobby’s legendary influence on Capitol Hill, which many people in our community view as almost mythical; but it is important for us to remember, he said, that they are not unbeatable. And sometimes they wield their power arrogantly, which may prove to be their Achilles Heel... What we have going for us is the moral high ground," Khaled Elgindy told a Washington panel discussion on "How to Discuss Jerusalem with the American Public." Mr. Elgindy said that while the Jewish lobby has the art of manipulation, the skills and the experience, the Arab Muslim community has the "weapons" of truth and justice in its arsenal.
He is listed in 2001, as Khaled Elgindy, National Coord. for Political Action, Arab American Institute, Arab-American activist, Washington DC
In the 2001 & 2002 roster of Arab Americans in public service, Khaled Eldgindy is listed under Congressional/Federal Staff, as Policy Analyst, U.S. Commission in International Religious Freedom. It was ironic then, to come across this quote attributed to a Khaled Elgindy, an Arab-American activist in Washington, DC, dated the 4th of February, 1999, in the Cairo Times:
" Equally as disturbing as the alleged ties to Zionists are the Coptic associations' affinities for another group inimical to Arabs and Muslims. The powerful Christian Right, whose cult-like devotion to Israel and profound disdain for Islam are among the pillars of its religious-political doctrine, has also given wide play to Coptic claims of persecution. For evangelical Christians, the litany of "social ills" these born-again soldiers of God aim to defeat -- abortion, homosexuality, pornography, higher taxes, etc. -- was added a crusade against Islam and Muslims. "
The cult-like Christian Right will no doubt be thrilled to find out that Eldindy is aligned with Cynthia McKinney:
Khaled Elgindy is National Coordinator for Political Action at the Arab American Institute in Washington, DC. Khaled represents AAI on a number of national coalitions, including the National Iraq Network, and is responsible for mobilizing Arab-American action on various legislative issues. In May 1998, he joined a delegation of Arab-American activists on a humanitarian mission to Iraq and to observe the effects of sanctions first hand. Khaled previously served as Press Secretary to Congresswoman Cynthia McKinney (D-GA), who at the time became the first member of Congress to oppose military action against Iraq and has since called for the lifting of sanctions against the Iraqi people. He has a master's degree from Georgetown University's school of foreign service and a bachelor's degree in Political Science from Indiana University.
What would appear is that Khaled Elgindy, brother of Ibrahim Elgindy who is being held by the FBI in connection with suspicious 9/11 trading, has been a DC activist aligned with McKinney as her Press Secretary. He then hooked up with Candidate Bush, which followed by his being appointed by the Bush Administration to the USCIRF, 2001-2002.
All the dots do connect and what a bizarre picture it is.
Replies: 5 comments
I'm not guilty. It's a setup.
Posted by Cynthia McKinney @ 05/25/2002 05:56 AM PST
What's amazing in this story is how all sides are touched. McKinney is linked with Bush, the Bush administration with extreme pro-arab statements, 9/11 suspicious trading with an Egyptian-American named Elgindy whose brother works in the White House, the FBI potentially exploiting Elgindy's Arab ethnicity in their 9/11statements.
The whole scoop here is one of those stories so fantastic & bizzare that it is going nowhere.
Liberals and Conservatives won't touch it, it's too raw the way it can too easily be linked up within the issues of anti-arab, anti-jewish, and anti-christianity.
The political equivalent of opening a hand grenade in a closet with your enemy and friend.
Posted by myDD @ 05/25/2002 03:07 PM PST
Here is an email I got about Ruppert, and perhaps he was going to ask on air for someone to step up and fund the access into the trading accounts? But FOX cancelled his appearance:
At 08:02 PM 5/17/02 -0400, you wrote:
>MIKE RUPPERT TO APPEAR ON FOX NEWS WITH GERALDO RIVERA -
>FTW Editor Mike Ruppert will appear live with Geraldo Rivera on the Fox News Network on Saturday, May 18 between 9-10 PM, EDT (6-7 PM Pacific time). The subject will be the overlooked issues of 9-11 and whether there was more credible evidence that the Bush Administration had about airliners being used as suicide bombers.
>
>
>FTW is a small publication with a limited budget. FTW is seeking theassistance from any subscriber who has access to help us obtain the following raw data.
>
>Levels of both put and call options on the following stocks for all of the year 2001.
>
> American Airlines
>
> United Airlines
>
> Merrill-Lynch
>
> Morgan Stanley
>
> Axa Reinsurance
>
> Munich Reinsurance
>
> Swiss Reinsurance
>
We are also seeking to obtain put-call levels on these stocks in foreignmarkets for the same time period, plus a comparison of put-call levels ascompared to overall trading volumes throughout the year.
We have researched various subscription services to obtain this data and the least expensive we have found costs $1,000 per month with a contract.
This is simply way beyond our means. If anyone can get this information for us we might be better able to research and explore many of the unresolved questions about 9-11 insider trading.
Thank all of you for you continued support.
>
>Mike
>
Posted by myDD @ 05/25/2002 03:09 PM PST
Stockwatch out of Canada, who is doing most of the heavy lifting here (doesn't surprise me that it's no one in the states) has said that this Khaled Elgindy, the activist, is the one who is Anthony's brother, they are both Egyptian-Americans.
Here seems to be Khaled's timeline:
pre-1999, Press Spokesperson for Cynthia McKinney
http://www.leb.net/~erik/Activism/Conference3.html
1999-2000, Working with Candidate Bush
http://www.leb.net/lexington/count16.htm
2001-2002, Appointed by the Bush administration to USCIRF
2001 & 2002 roster of Arab Americans in public service, Khaled Eldgindy is listed under Congressional/Federal Staff, as Policy Analyst, U.S. Commission in International Religious Freedom
Now, Khaled's brother Anthony appears to have freaked out on Sept 10th, trying to liquidate all his assets. Telling his broker that the DOW is about to tank to 3000. At the same time, Anthony is well lubricated within the FBI, being accused of extortion.
As well connected that Anthony appears to be, both with the WH and the FBI, and learning now how rampant that pre-9/11 info was of an impending strike, it's not at all out of the question that he heard a whisper here or there about it's potentiality.
Hey, we had Jeb Bush saying, when told that the WTC had just been hit, "Was it the terrorists?" A lot of people seemingly knew of the threat, and once Anthony knew, he would have of course dumped out of his long positions.
Whether he found out from the FBI, the WH, or was just acting on a hunch, in his suspicious trading, who knows! But there's no doubt about connection of his with the FBI and the White House.
Posted by myDD @ 05/25/2002 04:03 PM PST
Surprised? Not me. The SEC halted trading on a small OTC stock after Elgindy publicly and proudly shorted it. You and I cannot short an OTC stock. Foreigners or offshore account holders can. His accomplice, the SEC, halted trading, freezing out shareholders and benefitting shorters, shortly after Elgindy shorted. In light of recent developments it strikes me as ludicrous that SEC agents appropriated resources in halting trading on a minor player on the OTC's while turning a blind eye to the huge players whose transgressions impacted our nation's economy. I don't fault Elgindy. I fault the SEC. No one has yet explained to me the coincidence between Elgindy's shorting and actions of the SEC which seem to coincide. While the public casts stones at Martha Stewart for selling before a plunge, no one investigates the deeper implications of shorting before a plunge. I've communicated with Anthony--he's actually a decent guy. He makes no bones about being smarter at the game than most investors. He is simply exploiting an incompetent and perhaps corrupt system. Do I think he has connections in the SEC? Yes. Do I think he exploited those connections? Yes. Do I think some SEC guy has a swiss bank account somewhere? Yes. Could I or would I want to prove it? No. I've stated often and will state again, the SEC has no interest in protecting investors. I'd love to see a widesweeping investigation into their practices in the last 5 years particularly with regard to the connection between SEC investigations and halts and the prior knowlege of their actions which afforded certain individuals unprecedented personal gain at common shareholders' expense.
Posted by Joan @ 07/09/2002 10:50 PM PST
