NYPost: Stan Lee Media investigated by SEC for fraud

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  10 October 2003
NYPost: Stan Lee Media investigated by SEC for fraud

Remmeber thre years ago, when Flash online comics were going to be all the rage.
Surprise, it was a scam! This is the weird tale of what happened:

Quote fron NYPost article:

"The comics factory of legendary "Incredible Hulk" creator Stan Lee is getting dragged deeper into a federal probe that's worthy of any wacky comic-book plot.
It's got bankruptcy, shady characters fleeing to Brazil, con men, check-kiting, White House influence-peddling and even G-men from different agencies jumping on their trail.

But there are no superheroes to fight dark forces, like those conjured up by legendary cartoonist Lee, creator of Marvel Comics' stable of characters, including X-men and Spider-Man.

In real life, investigators say an unsavory bunch surrounded the 80-year-old cartoonist and drove his name and company, Stan Lee Media, into the ground.

It was forced to file for bankruptcy and dissolve two years ago, and the Justice Department and Postal Service nailed one of Lee's top executives, Stephen Gordon, for fraud.

The probe expanded into a check-kiting scheme in which the company's Merrill Lynch margin accounts were illegally emptied of $5 million to foot the bill for a 2000 fundraiser for President Bill Clinton and for Senator Hillary Clinton's run for office. "


>>Link<<

-R
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  10 October 2003
Quote: It's got bankruptcy, shady characters fleeing to Brazil, con men, check-kiting, White House influence-peddling and even G-men from different agencies jumping on their trail.



Why oh why they always fly to Brazil...
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  10 October 2003
Sucks it had to happen to Stan. He's a pretty stand-up decent fellow. Jerks took advantage of him.
 
  01 January 2006
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