Do you find this ironic about the TU law school dean??? Date: Tuesday, June 24, 2003 11:01 PM
Pre-Paid's Wild Ride Takes Another Twist By Melissa Davis Staff Reporter 02/03/2003 07:25 AM EST URL: http://www.thestreet.com/stocks/melissadavid/10065947.html
Federal agencies are now looking squarely at Pre-Paid and, more specifically, its top executives. At least three Pre-Paid insiders disposed of company stock during the six-week period federal agencies are now examining. Pre-Paid Chief Operating Officer Randy Harp sold 55,000 shares -- collecting enough to repay a large insider loan -- during the December rally. Stonecipher also benefited, gifting stock at high prices during the year-end tax-planning season. Pre-Paid director Martin Belsky, dean of a Tulsa law school, unloaded shares as well.
All three of those insider sales came at a time when Pre-Paid was wrapping up a quarter that, based on the company's own comments, was likely to disappoint.
Ironically, Pre-Paid recently took the offensive and invited an investigation by the SEC. The company called upon Oklahoma Attorney General Drew Edmondson -- a politician handsomely backed by Pre-Paid leaders -- to request an SEC probe into short-sellers accused by the company of manipulating its stock.
"You have to wonder why they're recommending Pre-Paid to begin with," said Floyd Schneider, the publisher of a former consumer watchdog site called thetruthseeker.com. "This company reminds me of a lot of over-the-counter Bulletin Board stocks.
"The promotion has just been amazing."
IF THIS ISNT BAD ENOUGH LOOK WHAT HE WAS APPOINTED TO BECAUSE OF HIS OUTSTANDING ETHICS
http://www.utulsa.edu/news/article.asp?Key=856
House Speaker Picks T.U. Law School Dean To Replace Former Legislator on State Ethics Commission Published on 2/28/03
House Speaker Larry E. Adair on Tuesday Appointed the dean of the University of Tulsa College of Law to the State Ethics Commission.
Martin H. Belsky will replace former state legislator James E. Hamilton on the five-member panel, representing the First Congressional District. Hamilton' s letter of resignation from the commission arrived Tuesday and was accepted " with regret" by Adair.
" I am honored to appoint someone of Dean Belsky' s caliber to the State Ethics Commission," said Adair, D-Stilwell. " He is eminently qualified to assume this responsibility, and brings a well-rounded perspective to the Commission."