this is the dude who bought 80% of PP, with a net worth estimated at $4.6 billion, Ricardo Salinas Pliego, chairman and founder of Salinas Group, has come under scrutiny from government regulatory agencies in recent years. In January 2005 the U.S. Securities and Exchange Commission (SEC) filed a lawsuit accusing the 51-year-old media mogul of fraud in the purchase and resale of discounted debt owed by one of Salinas Pliego's cell-phone companies; the deal yielded him a tidy $109 million profit. Later that year Mexico's National Banking and Securities Commission fined the entrepreneur, his TV Azteca network and Salinas Group CEO Pedro Padilla Longoria a total of $2.3 million in connection with that deal. Salinas Pliego reached a settlement with the SEC last year and agreed to pay $7.5 million in penalties and compensation. In a rare interview at his corporate headquarters in Mexico City, Salinas Pliego spoke publicly for the first time about the SEC settlement and his self-image as a businessman with NEWSWEEK's Joseph Contreras. ExceI
If hes buying at theese levels so am I. EOM.