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SEC ACCUSES EIGHT MORE IN REEBOK TRADING CASE
[THIRD Edition]
Boston Globe - Boston, Mass.
Subjects: United States; Textile & apparel industries; Litigation
Author: Abelson, Jenn
Date: Aug 19, 2005
Start Page: C.1
Section: Business
Abstract (Document Summary)

The defendants' trading involved call options that would be valuable if Reebok's shares rose quickly and significantly which they did. After Reebok and Adidas disclosed the merger, Reebok's stock jumped more than 30 percent, and the defendants named in yesterday's complaint allegedly netted more than $6 million.

The defendants named yesterday in the complaint include [Sonja Anticevic]'s 28-year-old nephew, David Pajcin, who was formerly associated with several broker dealers and allegedly placed or directed some of the Reebok trades and tipped other defendants who placed Reebok trades as part of a common trading scheme, according to court documents. The other individuals accused of unlawful trading include: Ilija Borac, 50, of Croatia; Perica Lopandic, 38, of Germany; Elvis Santana, 23, of Brooklyn, N.Y.; Henry Siegel, 55, of Pomona, N.Y.; Zoran Sormaz, 40, of Croatia; Monika Vujovic, 23, of New York City; and certain unknown persons trading through Austrian accounts.

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