PICKENS OFFSPRING PLEADS GUILTY

Michael Pickens, son of T. Boone, pleaded guilty yesterday to securities fraud. Pickens the Younger described his scheme to the court: He’d send stock tips via faxes to unwitting investors, letting them think they were in on a secret. He’d hype stocks he owned and sold ‘em high. Pickens netted $300,000 with the gambit.

Now, if only he had an asterisk on those faxes that identified himself and his portfolio, then he’d have something.