This Silicon Investor Is Now Anthony@FederalDetention.gov
Short-seller and flamboyant Internet message board poster Anthony Elgindy was sentenced Monday by a Texas judge to a $20,000 fine and four months in a federal prison for felony mail fraud.
Elgindy, a former Nasdaq market maker and broker who's well known for his Internet postings critical of various publicly traded companies, also must spend four months in a work-release-type house confinement and three years on probation after finishing his prison term.
U.S. District Court Judge Terry Means, of the Northern District of Texas, ordered Elgindy to report to a federal detention facility on June 11. He rejected Elgindy's request for a lesser sentence of probation.
"I think it's fair because the judge said it's fair," Elgindy, 32, said in a phone conversation Tuesday.Elgindy pleaded guilty to the mail fraud charge in February, after he was charged in a nine-count insurance fraud indictment. ( TSC
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