Re: Hallo ihr beiden, noch eine Astro-Seite:

verfasst von Amanito, 28.03.2002, 13:56

Henry Weingarten wurde letztes Jahr von der International Society of Business Astrologers (ISBA) ausgeschlossen.
Manfred

SEC Accuses `Financial Astrologist' in $30 Mln Scam (Update1)
2001-10-11 18:02 (New York)
(Updates with comment from AbsoluteFuture.com in the last two paragraphs.)

New York, Oct. 11 (Bloomberg) -- A self-proclaimed ``financial astrologist'' and 20 others swindled investors in four companies out of more than $30 million, the Securities and Exchange Commission said in lawsuits
today. At the center of the alleged schemes was stock promoter Edward Durante, who used offshore companies he controlled to manipulate penny stocks, the SEC said. In one of four lawsuits the agency filed in New York today, Durante is accused of hiring Henry Weingarten, a financial adviser who relies on astrology to manage
investments, to tout a stock on his Web site. SEC offices in New York, Washington, and Boston collaborated on the
suits. It was the first major case brought by the agency in Manhattan since the building where it was based was leveled in the Sept. 11 attacks on the World Trade Center. ``Defendants reaped more than $30 million in illegal profits by secretly controlling the trading in these stocks through a network of promoters, brokers and market makers, and then by dumping the stocks at artificially inflated prices to unsuspecting investors,'' the SEC said in a
statement. Stocks allegedly manipulated were U.N. Dollars Corp., Wamex Holdings Inc., Ramoil Management Ltd., and AbsoluteFuture.com. Former officers of the companies are also accused in the civil suits. Federal prosecutors had previously filed criminal charges against four of the defendants in the Wamex suit: Trevor Koenig, Roger DeTrano, Mitchell Cushing, and Russell Chimenti. The four men, all of whom have denied the criminal allegations, are accused of scheming with Durante. In the civil cases the SEC filed today, the agency expands the scope of the earlier allegations, by linking Durante to three other alleged scams.

Wamex
Durante used similar scams in each case, the SEC said. In the Wamex case, Durante and DeTrano, a New York stock promoter, gained control over 19 million shares with the help of company executives, the SEC said. As the company issued bogus press releases, Durante and other defendants traded blocks of shares
with each other to drive the stock's price higher, the SEC said. ``Durante drove the price for (Wamex) stock from $1.375 per share to an all-time high of $19.50, and dumped 6.9 million (Wamex) shares into the market for a $24 million profit,'' the SEC said. Durante, whom the SEC said also goes by the name Ed Simmons, lives in Gardiner, New York. He couldn't be reached for comment.

Astrology
In the U.N Dollars case, the SEC said Durante got 10 million shares of stock from company executives after promising to drive share price to $5.Shares were then at 1 cent. Durante traded shares among offshore accounts he controlled, making it appear as if there was a market in the stock, the SEC said. Also, Durante allegedly gave Weingarten shares in the company as payment for touting the stock on the Web site for The Astrologers Fund Inc, the SEC said. Weingarten allegedly used $75,000 of his clients' money to buy U.N. Dollars stock, the SEC said. In an interview, Weingarten, managing director of the fund, denied the allegations. The fund claims on its site that it uses astrology as the primary tool to manage investment funds and advise institutional investors
and money managers. ``I never do stock touting. That's absurd,'' said Weingarten, an astrologer for more than 30 years.

Peace, Goodwill
Weingarten said U.N. Dollars hired him as the company's financial astrologer, a fact he disclosed to investors. U.N. Dollars sought to promote peace, goodwill and economic stability worldwide, according to a posting
last year on Weingarten's site. In that posting, Weingarten told investors that rather than spending $250 on dinner at the landmark Four Seasons restaurant, the ``entertainment value alone'' of investing in U.N. Dollars ``fully justifies the current price of 10 cents.'' Weingarten later predicted shares would trade for $4, the SEC said. Shares reached as high as $1.25 before the SEC halted trading in the company. Officials with Wamex, Ramoil, and U.N. Dollars either couldn't be reached or didn't return calls. Kevin Murphy, the new chief executive for AbsoluteFuture.com, said all of the company's previous officers and directors had resigned. ``We're doing our best to salvage the company,'' he said.

--David Glovin in U.S. District Court in New York (917) 957-5311, or at dglovin@bloomberg.net, through the Washington newsroom (202)
624-1937/ep/ta

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• @amanito: Kennt Du Arch Crawford? Der sagt: - Günter, 27.03.2002, 23:10
  • Re: @amanito: Kennt Du Arch Crawford? Der sagt: - Amanito, 27.03.2002, 23:47
  • Re: @amanito: Kennt Du Arch Crawford? Der sagt: - Emerald, 28.03.2002, 12:08
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  • Hallo ihr beiden, noch eine Astro-Seite: - Günter, 28.03.2002, 13:09
    • Re: Hallo ihr beiden, noch eine Astro-Seite: - Amanito, 28.03.2002, 13:56