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
Outcome:Found guilty
Convictions:Criminal conspiracy, Fraud/financial crimes, Making false statements, RICO/racketeering
State:New York
Alleged Affiliation: None
Description:

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.

Offsite News Stories:
Court Documents:
Image credit: Anthony Elgindy/Wikipedia

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