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Re: cheechwiz post# 14124

Wednesday, 05/19/2010 12:50:45 PM

Wednesday, May 19, 2010 12:50:45 PM

Post# of 14386
Nope, nothing there anymore, I'd say. I've been hanging on to far too many shares all through the drama as I had seen no evidence of fraud and I did not think Lord Steinberg would be involved in fraud or taken in by shysters with his background.
Unfortunately I was wrong as we now have real evidence of fraud.
LS apparently now states that he has knowingly misled investors for 8 years by hiding a material transaction that, if true, would effectively strip EGMI of it's major assets and collapse the business. He has been Chairman of the board and signed off on years of filings that gave no hint that the money being accumulated did not belong to EGMI and it's shareholders.
This is simply fraud.

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