I found this when I went through (very quickly) the FSTI filings ... check the dates. I'm not saying that he did or didn't have inside info ... but the info was available to the public if you knew where to look.
PS: notice the "Binding" LOI ... one word sure makes a big difference doesn't it? ;)
Form: 8-K Filing Date: 7/25/2001 On July 23, 2001, the Company entered into a Binding Letter of Intent under the terms of which ePaylatina, S.A.