Amr I. Elgindy
|Charge Date:||Wed May. 22, 2002|
|Investigation Type(s):||Informant, Sting|
|Charges:||Criminal conspiracy, Fraud/financial crimes, Making false statements, Obstruction of justice, RICO/racketeering|
|Convictions:||Criminal conspiracy, Fraud/financial crimes, Making false statements, RICO/racketeering|
The FBI originally investigated Elgindy, an Egyptian-born stock trader, to see if he profited from inside information about 9/11. That didn't pan out. Elgindy teamed up with FBI agent Jeffrey Royer, who leaked confidential information about companies. FBI agents posing as subscribers to Elgindy's website caught them manipulating stock prices. Elgindy was sentenced to more than 11 years in prison and forfeiture of $1,568,0000.
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