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Stephen Sayre

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BUSINESS
March 29, 2000 | DAVID EVANS, BLOOMBERG NEWS
A Hollywood Hills tree trimmer who has never invested in the stock market apparently is behind the anonymous Web postings that led to a recent run-up in shares of EConnect Inc., a San Pedro company facing SEC charges stemming from news releases featuring the postings. EConnect on Feb. 29 used the Internet to publicize a research report from a source called Independent Financial Reports that predicted a huge rise in EConnect's stock price.
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BUSINESS
April 12, 2000 | INDRANEEL SUR, TIMES STAFF WRITER
A Los Angeles man accused by federal regulators of netting nearly $1.4 million from a classic "pump-and-dump" stock scheme denied the allegations in an interview Tuesday, saying he never profited from the investment opinions he published touting the shares of a tiny San Pedro Internet firm. Stephen Sayre, who identified himself as a film producer, said he published opinions about EConnect Inc.
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BUSINESS
April 12, 2000 | INDRANEEL SUR, TIMES STAFF WRITER
A Los Angeles man accused by federal regulators of netting nearly $1.4 million from a classic "pump-and-dump" stock scheme denied the allegations in an interview Tuesday, saying he never profited from the investment opinions he published touting the shares of a tiny San Pedro Internet firm. Stephen Sayre, who identified himself as a film producer, said he published opinions about EConnect Inc.
BUSINESS
April 11, 2000 | INDRANEEL SUR, TIMES STAFF WRITER
A Los Angeles tree trimmer pocketed nearly $1.4 million in less than 10 days by selling shares of EConnect, a struggling San Pedro Internet banking company whose share price he boosted through phony news releases, the Securities and Exchange Commission alleged Monday. In a civil case filed Friday in U.S.
BUSINESS
April 11, 2000 | INDRANEEL SUR, TIMES STAFF WRITER
A Los Angeles tree trimmer pocketed nearly $1.4 million in less than 10 days by selling shares of EConnect, a struggling San Pedro Internet banking company whose share price he boosted through phony news releases, the Securities and Exchange Commission alleged Monday. In a civil case filed Friday in U.S.
BUSINESS
April 24, 2000 | From Bloomberg News
Stephen Sayre, a Los Angeles tree trimmer, failed to appear in federal court Friday for a hearing in the civil suit in which the Securities and Exchange Commission alleges he made illegal profits by recommending shares of EConnect Inc. U.S. District Judge Margaret Morrow ordered assets owned by Sayre, 43, to remain frozen after finding that he wired $1.3 million to a Bank of Montreal account in Vancouver, Canada.
BUSINESS
May 11, 2000 | Bloomberg News
EConnect Inc., a developer of Internet banking equipment whose shares plunged as federal regulators accused it of securities fraud, reported a loss of $23 million on sales of $40,000 in 1999. The San Pedro-based company, which has 12 employees, said its liabilities exceeded assets by $5.3 million on Dec. 31. EConnect's outside auditor, L.L. Bradford & Co.
BUSINESS
June 21, 2001 | From Bloomberg News
A fugitive tree trimmer was ordered by a federal judge to repay $1.2 million, on charges he illegally made $1.4 million by selling shares of San Pedro-based EConnect after he recommended that others purchase the stock. Stephen Sayre, 44, promoted EConnect shares in four bullish reports, under the name of Independent Financial Reports, distributed in news releases over Business Wire, authorities said.
BUSINESS
April 25, 2000 | INDRANEEL SUR, TIMES STAFF WRITER
A former tree trimmer accused earlier this month of pocketing nearly $1.4 million from a "pump-and-dump" scheme involving shares of a San Pedro company, is now facing criminal securities fraud charges, federal prosecutors said Monday. But his whereabouts remain unknown. The U.S.
BUSINESS
March 29, 2000 | DAVID EVANS, BLOOMBERG NEWS
A Hollywood Hills tree trimmer who has never invested in the stock market apparently is behind the anonymous Web postings that led to a recent run-up in shares of EConnect Inc., a San Pedro company facing SEC charges stemming from news releases featuring the postings. EConnect on Feb. 29 used the Internet to publicize a research report from a source called Independent Financial Reports that predicted a huge rise in EConnect's stock price.
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