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" The parade, in the shadow of the world-renowned Cyclone roller-coaster, is held each year on the first Saturday after the summer solstice Techno artist Moby and punk rocker Theo Kogan of the Lunachicks were crowned as King Neptune and Queen Mermaid at the 22nd annual event on Saturday "It was awesome " The parade is the creation of the tattooed and goateed Dick Zigun, who marched beneath a top hat Sean Allison, 35, sat on the hood "It was a howl," Allison said Mermaids were joined by walking cans of tuna, and several participants â€â€? including one in a gorilla costume â€â€? rode in a hearse "It's an art parade for wacky New York artists," Zigun said Moby, Lunachick Lead Coney Mermaid Parade Jun 27, 11:56 AM EST Moby, Dick and a Lunachick celebrated a rite of summer in Brooklyn's annual Mermaid Parade, joining about 1,500 people who marched along the Coney Island boardwalk, many in nautical dress It was inspired by Mardi Gras festivals that Coney Island hosted in the first half of the twentieth century Moby thanked the cheering crowd, joking that he was "enjoying the fruits of my power Faneuil admitted to a misdemeanor charge of receiving money and other valuables "as consideration for not informing Regarding the Wells notice, John Coffee, a Columbia University law professor specializing in corporate and securities law, said the SEC typically gives a person under investigation several weeks to reply The SEC does not have a specific deadline to take action once it receives the response Report: SEC Probers Notify Stewart Oct 21, 8:45 PM EST NEW YORK (AP) â€â€? SEC investigators have notified Martha Stewart that they plan to recommend civil securities fraud charges against her in connection with her sale of ImClone Systems Inc But shares lost more than 14 percent, or $1 40 in after-hours trading S Stewart resigned earlier this month from the board of the New York Stock Exchange Stewart is friends with Sam Waksal, founder and former chief executive of ImClone, who pleaded guilty last week to several counts of bank fraud, securities fraud, conspiracy to obstruct justice and perjury In most cases, such a notice leads to filing of charges Attorney James Comey filed papers in Manhattan federal court seeking to seize more than $10 million from Waksal's family member 27 â€â€? one day before the Food and Drug Administration announced it had denied the biotech company's application for Erbitux, its promising cancer drug Stewart has denied any wrongdoing, maintaining that she and her broker Peter Bacanovic, formerly of Merrill Lynch, had a standing order to sell the shares if the stock dropped below $60 4 million worth of ImClone shares on Dec ImClone's stock subsequently plummeted Martha Stewart Living Omnimedia Inc Stewart's attorneys referred calls to Allyn Magrino, Stewart's spokeswoman, who declined to comment on the development Prosecutors say Jack Waksal sold more than $8 million worth of ImClone in five separate transactions on Dec 27th and 28th The news, which broke after regular trading, is yet the latest in a spate of setbacks for Stewart, whose position at the helm of the multimedia company appears more uncertain Stewart sold her almost 4,000 shares of ImClone on Dec 50 Monday on the New York Stock Exchange He admitted tipping off his daughter, Aliza Waksal, to sell her ImClone shares just before the share price plunged Waksal did not implicate Stewart, and his plea was not part of an agreement to cooperate with prosecutors â€â€? which is rare in a criminal plea Also Monday, U " Immediately after the plea, Merrill Lynch announced that both Bacanovic and Faneuil had been fired The Securities and Exchange Commission gave Stewart what is called a Wells Notice, the Journal reported on its Web site Stewart is already under investigation by the Justice Department, which is probing whether she lied to lawmakers about her sale of ImClone shares shares, the Wall Street Journal reported Monday , where Stewart is chief executive and chairman, also declined to comment 27 Douglas Faneuil, Bacanovic's assistant, initially supported Stewart's and Bacanovic's account, but later admitted he withheld information when first interviewed by investigators from the SEC and the FBI Shares of Martha Stewart Living Omnimedia, which have been battered since news broke that Stewart was linked to the ImClone scandal, were up more than 11 percent, or 75 cents per share, closing at $7 Earlier this month, Faneuil pleaded guilty as part of a deal to testify against Stewart and others who might be charged in connection with sales of ImClone shares At issue is whether Stewart acted on illegally obtained information in selling her stock 10, reaching $6 Though neither Aliza nor Jack Waksal has been charged, prosecutors are trying to force them to forfeit all of that money That offers her a chance to explain her actions before the full commission makes its final decision During his plea, Waksal insisted his daughter and father, Jack Waksal, had done nothing wrong Aliza Waksal sold $2 |
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