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A link between Bush's friend and "911" insider trading?

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Voice1 Donating Member (242 posts) Send PM | Profile | Ignore Sat Feb-18-06 05:28 AM
Original message
A link between Bush's friend and "911" insider trading?
Edited on Sat Feb-18-06 05:32 AM by Voice1
I thought you should see the following, cross posted from "A Logical Voice":

Regular readers will know that we've been following the case of Richard Nolan Thomas II, here at "A Logical Voice".

You can view the original article on Richard Nolan Thoams II's case here (http://www.nwmeridian.com/content/060210_01_p1.php). All US citizens who would like an independent investigation into Richard's case can sign the petition here. (http://www.petitiononline.com/rnt11111/petition.html)

Now, if you look on the sidebar there, there is listed some documentary evidence to support the article, including this letter (http://www.nwmeridian.com/content/060210_01d_p01.php), which was sent from the former US commerce secretary, Donald Evans, to Bill D Saxon, a close friend of Bush, and big oil and gas man in Texas.

You will notice, the address given for Bill D Saxon is "500 Crescent Court, Suite 270, Dallas, Texas". Now, that address appears to be the address of the "Gryphon Master Fund", or "Gryphon Partners", or a whole host of different company names, including the word "Gryphon".

Some readers may remember, back in November 2005, this report from the Street, and others like it looking at the SEC probing companies:
http://www.suite101.com/discussion.cfm/investing/8083/latest/80

It's been a rough year on the regulatory front for the Dallas hedge fund Gryphon Partners. In April, Jonathan Daws, a former Gryphon portfolio manager, pleaded guilty in federal court to a conspiracy charge arising from a scheme involving confidential information about government investigations of publicly traded companies. Daws, who left Gryphon in 2002, participated in a plot hatched by notorious short-seller Anthony Elgindy that involved betting against companies being probed, then driving down the stock prices by leaking the news on the Internet. Elgindy and former FBI agent Jeffrey Royer, the scheme's masterminds, were convicted in January after a lengthy trial in New York. Now, sources say, Gryphon is one of several hedge funds under scrutiny in another federal investigation, one that also involves allegations of misused nonpublic information.

"Anthony Elgindy", is also known as "Amr I Elgindy", or "Anthony Pacific". It appears there was a probe into FBI agents passing him classified information relating to the investigations leading upto "911", as this article, from Sign On San Diego reports:
http://www.signonsandiego.com/uniontrib/20050105/news_1b5elgindy.html

A former FBI agent admitted that he gave online stock traders confidential details of federal investigations, including a probe of the Sept. 11 terror attacks. One of the recipients was San Diego stock speculator Anthony Elgindy. A Justice Department task force had begun the investigation of Elgindy to determine whether anyone might have known of the terrorists' plans and profited by selling vulnerable stocks just before the attacks, Jeffrey Royer said. Elgindy was not charged in connection with that probe, but an investigation into the ties between Elgindy and Royer led to charges against the two men of racketeering, securities fraud and other crimes. The two are on trial together in federal court in Brooklyn.

So, can a link be proven between Bill D Saxon, and "911" insider trading? I guess, as in many cases, the underlings take the rap for some of the crimes of their superiors, it would be interesting, however, to see a real investigation into this case.



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Voice1 Donating Member (242 posts) Send PM | Profile | Ignore Sun Feb-19-06 02:16 PM
Response to Original message
1. Evidence - Saxon letter with Gryphon stamp
Edited on Sun Feb-19-06 02:16 PM by Voice1
See this thread for image of letter from former secretary of commerce, Donald Evans to Bill D Saxon, contains "Gryphon Partners" stamp:

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=132x2469527
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Twist_U_Up Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Feb-27-06 08:30 PM
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2. Great Post Thanks nt
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