Gary,
Would you believe there are people that still claim A@P is some kind of "good guy"?
This indictment and these follow up comments made in court provide solid evidence that you and I were right on the money with our comments about short selling last September and October. Congratulations or Condolences (not sure which) are in order. I really had hoped we were wrong, instead it looks like we had a blueprint of the operation. Usually I revel in "being right", this time it feels more like an indictment of society as a whole.
If I were someone that had been involved in Mr. Elgindy's operation in any way I'd be terrified right now. As the prosecutor said, "The investigation continues... more serious charges may yet be filed."
Likewise for anyone involved in an operation similar to Mr. Elgindy's.
The Bird of Prey