Advertisement
YOU ARE HERE: LAT HomeCollectionsSouthland Communications Inc
IN THE NEWS

Southland Communications Inc

FEATURED ARTICLES
ARTICLES BY DATE
BUSINESS
February 25, 1997 | JAMES S. GRANELLI, TIMES STAFF WRITER
One of two Orange County men convicted in Southern California's largest stock manipulation scheme failed to appear for sentencing and is being sought as a fugitive. Ahmad Naim Bayaa, 43, of Irvine, the principal architect of a $12.5-million scam, disappeared before he was to be sentenced Friday in Los Angeles. U.S. District Judge Richard A. Paez issued a warrant for his arrest.
Advertisement
BUSINESS
January 29, 1992 | DEAN TAKAHASHI, TIMES STAFF WRITER
The former president of a Santa Ana paging company has agreed to pay back $736,935 in stock-trading profits to settle civil charges that he manipulated the company's stock price, the Securities and Exchange Commission said Tuesday. Ahmad Bayaa also agreed to resign as president of Southland Communications Inc., to pay $137,248 in interest fees and to place his 921,000 shares in company stock in a custodial account over which he will have no control, said Daniel R.
BUSINESS
May 23, 1996 | JAMES S. GRANELLI, TIMES STAFF WRITER
In the largest stock manipulation case uncovered in Southern California, a federal jury in Los Angeles on Wednesday convicted two Orange County men of conspiracy, money-laundering and securities fraud in an $11.5 million scam. The jury found that Ahmad Naim Bayaa, 43, of Lake Forest, and Abdul Deeb, 45, of Anaheim, illegally inflated the stock price of Southland Communications Inc., a Santa Ana provider of paging services.
BUSINESS
July 24, 1990 | Dean Takahashi, Times staff writer
Southland Communications Inc. has filed a $10-million countersuit against its largest creditor, Motorola Communications Inc. Motorola sued Southland in May, charging that Southland was delinquent in payments for paging equipment it purchased from Motorola. That lawsuit asked for $5.6 million Southland's suit, filed Friday in Orange County Superior Court in Santa Ana, denies most of the charges in the Motorola suit.
BUSINESS
February 26, 1991 | Dean Takahashi/ Times staff writer
If anything, Southland Communications Inc. is persistent. On Monday, the financially strapped paging service in Santa Ana, which is tangled in legal troubles with securities regulators, announced for the second time that it has signed an agreement to merge with A+ Beepers of California Inc. in Torrance. Southland, which does business as National Paging, first broached the idea of a merger with A+ Beepers in October, 1989.
BUSINESS
September 20, 1990 | DEAN TAKAHASHI, TIMES STAFF WRITER
Southland Communications Inc., a financially struggling paging company that is facing civil and criminal investigations related to an alleged stock manipulation scheme, reported a third-quarter loss of $393,118 for the period ended July 31. The loss compared to a year-earlier deficit of $244,062. Revenue for the third quarter was $1.6 million, up slightly from $1.5 million a year earlier. In a Sept.
BUSINESS
January 29, 1992 | DEAN TAKAHASHI, TIMES STAFF WRITER
The former president of a Santa Ana paging company has agreed to give up $736,935 in profits made in securities trading to settle civil charges that he manipulated the company's stock, the Securities and Exchange Commission said Tuesday. Ahmad Bayaa also agreed to resign as president of Southland Communications Inc., to pay $137,248 in interest fees and place his 921,000 shares in company stock in a custodial account over which he will have no control, said Daniel R.
BUSINESS
October 15, 1994 | DEBORA VRANA, TIMES STAFF WRITER
In what authorities say is the largest stock manipulation case ever uncovered in Los Angeles or Orange counties, the former president of a Santa Ana paging company and three others were indicted Friday on charges of securities fraud, money laundering and conspiracy. Named in the 39-count federal indictment were two Orange County men, Ahmad Naim Bayaa, 41, of Lake Forest, the former president of Southland Communications Inc., and Abdul Deeb, 43, of Anaheim, a former oil consultant.
BUSINESS
October 15, 1994 | DEBORA VRANA, TIMES STAFF WRITER
In what authorities say is the largest stock manipulation case ever uncovered in Los Angeles or Orange counties, the former president of a Santa Ana paging company and three others were indicted Friday on charges of securities fraud, money laundering and conspiracy. Named in the 39-count federal indictment were two Orange County men, Ahmad Naim Bayaa, 41, of Lake Forest, the former president of Southland Communications Inc., and Abdul Deeb, 43, of Anaheim, a former oil consultant.
BUSINESS
January 29, 1992 | DEAN TAKAHASHI, TIMES STAFF WRITER
The former president of a Santa Ana paging company has agreed to give up $736,935 in profits made in securities trading to settle civil charges that he manipulated the company's stock, the Securities and Exchange Commission said Tuesday. Ahmad Bayaa also agreed to resign as president of Southland Communications Inc., to pay $137,248 in interest fees and place his 921,000 shares in company stock in a custodial account over which he will have no control, said Daniel R.
BUSINESS
January 29, 1992 | DEAN TAKAHASHI, TIMES STAFF WRITER
The former president of a Santa Ana paging company has agreed to pay back $736,935 in stock-trading profits to settle civil charges that he manipulated the company's stock price, the Securities and Exchange Commission said Tuesday. Ahmad Bayaa also agreed to resign as president of Southland Communications Inc., to pay $137,248 in interest fees and to place his 921,000 shares in company stock in a custodial account over which he will have no control, said Daniel R.
BUSINESS
February 26, 1991 | Dean Takahashi/ Times staff writer
If anything, Southland Communications Inc. is persistent. On Monday, the financially strapped paging service in Santa Ana, which is tangled in legal troubles with securities regulators, announced for the second time that it has signed an agreement to merge with A+ Beepers of California Inc. in Torrance. Southland, which does business as National Paging, first broached the idea of a merger with A+ Beepers in October, 1989.
BUSINESS
September 20, 1990 | DEAN TAKAHASHI, TIMES STAFF WRITER
Southland Communications Inc., a financially struggling paging company that is facing civil and criminal investigations related to an alleged stock manipulation scheme, reported a third-quarter loss of $393,118 for the period ended July 31. The loss compared to a year-earlier deficit of $244,062. Revenue for the third quarter was $1.6 million, up slightly from $1.5 million a year earlier. In a Sept.
BUSINESS
June 21, 1990 | DEAN TAKAHASHI, TIMES STAFF WRITER
In a recent filing with the Securities and Exchange Commission, Southland Communications Inc. said its cash flow is in "extremely critical condition" and it has laid off a quarter of its staff. The filing made June 14 paints a bleak financial picture of the paging-services firm, which is at the center of an SEC civil suit alleging stock manipulation and an FBI criminal investigation.
BUSINESS
June 15, 1990 | DEAN TAKAHASHI, TIMES STAFF WRITER
FBI agents searched the offices of Southland Communications Inc. on Thursday as part of a criminal wire-fraud investigation related to alleged manipulation of the company's stock. No arrests were made, said Fred Reagan, an FBI spokesman in Los Angeles. He declined to comment on whether agents seized records or questioned employees during the search.
BUSINESS
July 24, 1990 | Dean Takahashi, Times staff writer
Southland Communications Inc. has filed a $10-million countersuit against its largest creditor, Motorola Communications Inc. Motorola sued Southland in May, charging that Southland was delinquent in payments for paging equipment it purchased from Motorola. That lawsuit asked for $5.6 million Southland's suit, filed Friday in Orange County Superior Court in Santa Ana, denies most of the charges in the Motorola suit.
BUSINESS
June 21, 1990 | DEAN TAKAHASHI, TIMES STAFF WRITER
In a recent filing with the Securities and Exchange Commission, Southland Communications Inc. said its cash flow is in "extremely critical condition" and it has laid off a quarter of its staff. The filing made June 14 paints a bleak financial picture of the paging-services firm, which is at the center of an SEC civil suit alleging stock manipulation and an FBI criminal investigation.
Los Angeles Times Articles
|