Edward Manfredonia 8337 St. James Avenue Apt. 4B Elmhurst, New York 11373 24 September 1996 Dear Ms. Lawrence: This missive shall explain my reasons why Steven Lister should be dismissed from the American Stock Exchange. Lister actively obstructed what should have been an investigation into my charges of widespread corruption at the AMEX. Lister also should be charged with participating in the stock scam, PNF. There shall be two parts to this missive. The first part shall discuss his willful and malicious refusal to investigate criminal activity at the AMEX. The second part shall discuss his involvement in the stock fraud, PNF. Both parts are known to the FBI. PART ONE As I have stated previously in missives mailed to the Securities and Exchange Commission in 1992, the American Stock Exchange and specifically, the Compliance Department, headed by Steven Lister, then Senior Vice President of Compliance; Joel Lovett, Senior Floor Governor and later Vice Chairman of the AMEX; Robert VanCaneghan, a governor of the AMEX; and Louis Miceli, a former Senior Floor Governor of the AMEX conspired to have me harassed illegally by the Special Frauds Squad. In November 1991, I was offered a position of employment by Jonathan Frey. Joseph Greenwald, the brother of Jonathan Frey and an individual who has pleaded guilty to charges of insider trading in Motel 6, arranged for me to be offered a position by Jonathan Frey, a senior partner in J S Streicher, an AMEX specialist firm in which Joel Lovett is a very minor partner, at the AMEX in hopes of securing the withdrawal of my charges that corruption was both endemic and pandemic at the AMEX. Frey told me that Joel Lovett had approved my employment. I refused. (These statements can be verified by Jeff Green, a former AMEX member who, along with Joseph Greenwald, has pleaded guilty to insider trading.) Joel Lovett obtained a copy of my U4 from the Membership Department and presented this along with a copy of a photograph of me to Louis Miceli. (Note 1.) After being presented with my U4, Miceli and VanCaneghan visited the Special Frauds Squad. (Note 2) There Miceli and VanCaneghan lied and stated that I had telephoned Miceli at the AMEX and had threatened him. The lies did not stop there. Miceli, a drug addict, and VanCaneghan, a rapist, could not halt their lies at this juncture. Miceli and VanCaneghan stated that I had telephoned Miceli at his home and had spoken to Miceli's son. They said that I had stated to Miceli's son that I would kill his father. (Note 3). To give credence to these lies the telephone operators were ordered not to connect me to anyone at the AMEX. (I discovered this when I telephoned Steven Lister to make an appointment. Lister merely replied that I should call him at his direct number.) When I appeared at my meeting with Compliance in January 1992 I was interrogated as if I were appearing before a court of the Inquisition. Rather than investigating my claims impartially, Lister attacked me vociferously. Furthermore the attorney, who took notes at this meeting, intentionally took notes not worthy of a first year law student-and these notes were filled with inaccuracies. Lister was furious that I did not withdraw my charges. Someone at the AMEX then telephoned the Special Frauds Squad and obtained the telephone number of my attorney, James P. Beggans. (Note: I had not given the name of my attorney to Compliance. Only the police knew the name of the attorney who had represented me when the police falsely and maliciously stated that a warrant for my arrest existed.) Either Steven Lister or Philip Axelrod telephoned my attorney. Lister stated to my attorney that I could be sued for libel for making statements concerning Miceli, Lovett and VanCaneghan. (Note 4) Lister did not wish to investigate, but to have me withdraw my charges. My attorney advised me to withdraw the charges and I did this, but I later wrote to Representative Dingell and requested that I reinstate my charges. Lister did not investigate my charges, some until a delay of several years, impartially. Lister distributed copies of my missives to the SEC and had show inquiries. (I have discussed this more fully in my prior missives.) PNF, AL AVASSO, STEVEN LISTER Steven Lister invested in an investment partnership formed by Al Avasso. In May 1991, in several conversations some of which were made in the presence of Sam Gottfried, Al Avasso told me that he had made money for many individuals at the AMEX so that he could be readmitted as a member. (The place of these conversations: The offices of Wagner Stott at Two Rector Street.) Avasso specifically mentioned that he had made money for Louis Miceli and Robert VanCaneghan. Avasso also stated that he had made money for individuals employed at the AMEX. I did not believe Avasso. But Joseph Latona and Heinz Grein, both of Frost and Sullivan and Motel 6 fame, stated that they knew this as a fact. (Note 5) The involvement of Miceli and VanCaneghan with Avasso was mentioned in The Wall Street Journal when it exposed the stock fraud, PNF. Avasso also offered to provide financial backing for me at the AMEX. I replied that he had been forbidden to trade at the AMEX. Avasso told me that he had formed investment pools which had traded on the AMEX. (Avasso specifically mentioned that he had backed Peter Berkman on the AMEX.) Avasso stated that there would be no problem if he backed me at the AMEX. Avasso stated that the AMEX had permitted his investment pools to trade at the AMEX. In my investigations I had been informed that Steven Lister accepted payoffs from various individuals with regulatory problems. I had been informed that it was widely known in the AMEX offices at Forty Rector Street that Lister was living well beyond his means. Later I was informed that Steven Lister had accepted payoffs from Avasso-that Avasso had used his investment pools as an inducement to Lister and had guaranteed Lister a high rate of return if he would seek to have Avasso admitted as a member. Furthermore, in disciplinary hearings before the AMEX in 1986, Avasso was assured by members of the legal staff that they would recommend a light penalty. It was the persistence of Louis Miceli which led to Avasso's ban from the AMEX. Avasso boasted that he had paid off the legal staff. One person who boasted of this to AMEX members was Peter Orloff, Avasso's good friend, and an AMEX member who had committed wire fraud. THE FACT THAT LISTER HAD INVESTED IN PARTNERSHIPS WITH AVASSO WAS VERIFIED BY THE FBI. Lister was involved in the stock fraud, PNF. I first informed Lister that Avasso had a new stock fraud, named Port-a-Fone in January 1992 during my hearings at Compliance. In February 1992 I again informed Lister that Avasso's firm was listed on the NASDAQ. I spoke to Lister after I had visited the offices of Wagner Stott and had spoken to Jeff Green and Joseph Greenwald, both of whom have since pleaded guilty to insider trading in Motel 6. Jeff Green showed me the quote on the quotron. I believe the quote of PNIC, if I remember correctly, was 1- 1 1/4. I then visited Lister and told him that the name of Avasso's new stock scam was PNF and that it had been listed on NASDAQ. Greenwald and Green informed me that Avasso had attempted to have them purchase shares in his firm, but they had refused. Avasso had frequently boasted that he had Mafia connections. Green and Greenwald were afraid of Avasso. In May 1992, I was informed that PNF had been listed on the AMEX, as an emerging company stock by Jeff Green who showed me the quote on the quotron, with either EMC or ECM after the listing. I asked Jeff Green if Greenwald had informed his brother Jonathan Frey. Green said yes. I then spoke to Greenwald and queried: How could Jonathan let this stock be listed? Did Jonathan tell Joel (Lovett)? Greenwald refused to reply and became upset. Jeff Green walked me to the elevators and stated that Joel had been informed, but had not voiced disapproval of the listing. (In 1996, Stanley Katz, who shares an office with Biddle Worthington, an AMEX governor at the time of PNF's listing, stated that the governors (floor governors) of the AMEX knew that PNF was controlled by Avasso but permitted it to be listed.) I then telephoned Steven Lister and informed him of the listing of PNF at the AMEX. Lister stated that he had blocked off Avasso from the stock. That was all. I do not know if Lister invested money in an investment pool, which traded on the AMEX. It would be interesting to know if he did. The above events should suffice to have Steven Lister removed from his position at the AMEX. Perhaps, you can have him charged in either a civil or criminal procedure for his actions. Please remember that Lister protected Robert VanCaneghan, a confessed rapist. If you should doubt the veracity of my statements, I have enclosed part of a deposition, taken under oath, in which I am asked about PNF and Lister's involvement in it. This deposition had nothing to do with either PNF or Lister. I was asked questions concerning PNF, because, I believe, that Pat Schettino, who is suing me for slander and who admits to trading stocks illegally, but claims that he did not know that it was illegal for him to trade the stocks, had been asked by individuals at the AMEX to have his attorney, Eric Levine, of Proskauer, Rose question me concerning Lister and his involvement in PNF. Sincerely Edward Manfredonia Note 1: The address listed on my U4 was a residence in Hoboken, New Jersey. The only time I have ever in my life utilized this address was on my U4. I have never resided at this address, nor have I ever utilized this address for any purpose other than as an address on my U4. The reason for utilizing this address was simply this: Louis Miceli had called me a fuckin' Jew, a Jew bastard, etc. I complained about Miceli's anti-Semitic tirades to Mark Greenberg and Louis Ligouri, two governors. (Ligouri was later banned from the AMEX for committing wire fraud.) Greenberg, a coward refused to speak to Miceli. Ligouri did. After Ligouri spoke to Miceli, Ligouri spoke to me. Ligouri stated that Miceli had informed him that he (Miceli) had enough money to have me taken care of. Perceiving this to be a threat, because Miceli had threatened me on other occasions but had never stated that he would have some other individual perform this deed, I changed my address on my U4. Later I complained to Arthur Levitt concerning Miceli's praise of the ovens of Auschwitz. Levitt did not seek to fine Miceli, but berated Miceli for approximately thirty minutes. I also complained to Joel Lovett concerning Miceli's anti-Semitism. Lovett refused to act. Later like a coward and punk, Lovett told Joseph Greenwald that in business one must sometimes deal with an anti-Semite. This is not true. Lovett was afraid to confront Miceli, who had power at the AMEX. Note 2: A detective in the Special Frauds Squad stated that Norman Steisel, First Deputy Mayor under David Dinkins, had called the Special Frauds Squad and had asked them to intervene-illegally. At first Detective Montellini had stated that there was a warrant for my arrest and that I was being investigated for credit card fraud. These were lies. Later Montellini and Molloy stated that an arrest warrant existed for my apprehension. Another lie. Miceli boasted that he "bought the cops' with a one thousand dollar contribution to the Policeman's Benevolent Association. Note 3: The most horrible act one could commit in a case such as this would be to commit subornation of perjury be requesting that one's son lie. I have zero tolerance for perjury. Of course I never telephoned Miceli's home. If I had I would have provided the names of his assorted mistresses to his wife. Note 4: Currently I am being sued for slander by Pat Schettino, an AMEX member and partner in Spear Leeds and Kellogg. Schettino is suing me for slander, because I had stated that Schettino had traded fifteen stocks illegally. I was wrong. Schettino had traded in excess of ninety stocks illegally, including approximately fifty stocks in which Spear Leeds was the specialist. Schettino traded these stocks in an account at Spear Leeds and Kellogg, but not an account in which Spear Leeds and Kellogg held an interest. Schettino admits that he traded the stocks, but states that he did not know that it was illegal to trade stocks on the floor of the AMEX-even stocks in which Spear was the specialist. This is a bigger trading scandal than NASDAQ. The AMEX (Joel Lovett, Jonathan Frey and Richard Syron, the Chairman of the AMEX with a squeaky clean reputation, encouraged Schettino to sue me for slander because I did not have sufficient funds to retain counsel. Their hope was threefold: To reduce me to penury. To discredit me. To frighten me from uncovering more corruption at the AMEX.) Note 5: As I had informed FBI Agent Joseph Yastremski, Heinz Grein stated that he had moved money for Avasso to Luxembourg. Grein also stated that Avasso had earned approximately twenty three million dollars in the stock fraud, Greyhound Electronics. Joseph Latona confirmed this. Please note: Grein also stated that while he was employed in Germany he had been involved in the transfer of funds by Ferdinand Marcos from the Philippines to Switzerland. This is why everyone at the AMEX is laughing at the SEC. Avasso earned one million two hundred thousand dollars in the stock fraud, PNF. Avasso earned twenty three million dollars in Greyhound Electronics-and did not pay taxes on that money. Yet, the SEC only fined Avasso four hundred thousand dollars for his involvement in PNF. Furthermore, according to Stanley Katz, an AMEX member, who has attempted to discourage me from exposing the largest illegal trading of stocks ever at the AMEX by one individual, the SEC has not collected any money from Avasso. Did you not visit his three million dollar boite? Where did he obtain the money to pay for this?