SEC SUES FRAUDSTERS FOR SELLING SHARES IN AMR

The Securities and Exchange Commission is suing a Florida man who offered to buy all the stock in Eastman Kodak and AMR Corp, parent of American Airlines, in March. The SEC alleges that Allen Weintraub and his Sterling Global Holdings company “have substantially no assets” and “lack the means to complete the tender offers.” Ed Martelle, spokesman for Fort Worth-based AMR, said to local media: “We believe the SEC’s action speaks for itself.” In the AMR case, Weintraub sent a letter March 29 to “Gerald Arpey” offering $9.75 per share of AMR stock, an offer worth about $3.25 billion. Gerard