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by Mike Caswell
Anthony Elgindy, the notorious short-seller and former client of Vancouver brokerage Global Securities Corp., has died of an apparent suicide. The Egyptian-born American took his life while under severe "stress and panic" according to a posting on his son's Facebook page. He was 47.
Mr. Elgindy's death comes just two years after he completed an 11-year sentence for conspiracy, securities fraud, wire fraud and extortion. The terms of that sentence included a crushing $1.5-million in financial penalties for Mr. Elgindy, who once drove a Ferrari, Bentley and a Hummer. (All figures are in U.S. dollars.) Court records indicate receipt of a recent payment of $1,000 toward his penalties.
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Elgindy before prison |
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Seems that most of the whistle blowers are either coming to a bad end...or have to flee the country. What toes did this dude step on to cause him being suicided??