U.S. Says Trader Was Going to Beirut
Short seller Amr “Anthony” Elgindy was preparing a getaway to Beirut when FBI agents who allegedly helped him manipulate stocks and extort small companies warned him he was under investigation, authorities said.
Elgindy, 34, bought an apartment on a beach near Beirut and began stashing money in bank accounts in Lebanon after former FBI agent Jeffrey Royer told him late last year he was being investigated by federal authorities, Assistant U.S. Atty. Kenneth Breen told U.S. District Judge Raymond Dearie. Breen asked Dearie to hold Elgindy without bail.
Elgindy also kept a “getaway stash” of $43,000 in cash, along with jewels, gold coins and a passport, in his office safe in San Diego, Breen said.
The judge put off a decision on bail until next week.
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