Stan Lee Media Founder Indicted For Fraud

from the oops dept

Sometimes you just have to wonder what the hell people are thinking. One of the founders of the now bankrupt Stan Lee Media (not Stan Lee), has been indicted for stock fraud. He apparently hired some guys to write up a fake research report promoting the stock so it would go up. I have no clue why anyone would do this. First of all, the chances of getting caught are pretty high – and the penalties aren’t small. Second, I’m sure somewhere out there a so-called “legitimate” researcher would have recommended the stock at some point – and if they didn’t, then perhaps they shouldn’t have been in business in the first place. Whatever happened to building a strong business you believe in to make money? Now it’s all scams and cheating.

Add Your Comment

Your email address will not be published. Required fields are marked *

Have a Techdirt Account? Sign in now. Want one? Register here

Comment Options:

Make this the or (get credits or sign in to see balance) what's this?

What's this?

Techdirt community members with Techdirt Credits can spotlight a comment as either the "First Word" or "Last Word" on a particular comment thread. Credits can be purchased at the Techdirt Insider Shop »

Follow Techdirt

Techdirt Daily Newsletter

Techdirt Deals
Techdirt Insider Discord
The latest chatter on the Techdirt Insider Discord channel...