Important note: Information in this article was accurate in 1999. The state of the art may have changed since the publication date.
The Associated Press - Friday, August 13, 1999
Larry Neumeister - Associated Press Writer
Alfred Flores, 49, president of New Technologies & Concepts Inc. in Las Vegas, was arrested Thursday. The false claims sent the price of stock in New Technologies' parent company, Uniprime Capital Acceptance Inc., to soar from $1 a share to nearly $8 a share, prosecutors said.
The complaint, filed under seal Monday and unsealed Thursday, alleged that New Technologies issued three news releases on Uniprime's Web site describing "Plasma Plus."
On June 16, the company said Flores had "conducted tests on patients in Madrid which have shown complete reversal from the immune system of the HIV infection, with no reintroduction of the virus after a period of almost 18 months."
A July 19 news release said "Plasma Plus" had proven 100 percent successful in eliminating the presence of HIV in patients, the complaint said.
There was no answer Friday at a telephone listed in Flores' name. There was no phone listing for his company. A telephone message left at the parent company, Uniprime Capital Acceptance, was not immediately returned.
If convicted, Flores could face a maximum of 10 years in prison and a fine of $1 million.
He was in prison in Colorado from 1983 to September 1992 after a murder conviction, prosecutors said.
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