Skip to comments.Ex-Stan Lee Chief Peter Paul to Plead in Securities Case (demands Hillary to "take responsibility")
Posted on 03/07/2005 3:22:55 PM PST by Libloather
Ex-Stan Lee Chief Paul to Plead in Securities Case
Mon Mar 7, 2005 05:20 PM ET
By Gina Keating
LOS ANGELES (Reuters) - Stan Lee Media co-founder Peter Paul said on Monday that he would plead guilty to a federal securities charge.
However, Paul said the plea was not part of an agreement to cooperate with prosecutors probing alleged campaign finance violations by Sen. Hillary Clinton's staff.
Paul told Reuters he would plead guilty on Tuesday in New York federal court to one count of manipulating the share price of Stan Lee Media, an online entertainment company he founded with comic book legend Stan Lee that collapsed in 2000.
The charge stems from a 2001 indictment accusing Paul and two others of manipulating Stan Lee stock by buying shares with bad checks and selling at below-market prices.
Paul faces more than 10 years in prison but said he has made no deal to limit his exposure to prison, including talking to prosecutors about a star-studded Hollywood fund-raiser he threw for Clinton during her 2000 run for the U.S. Senate.
Federal prosecutors in Los Angeles have indicted Clinton's former finance director, David Rosen, for on charges of filing false campaign finance reports about how much the event cost.
Rosen pleaded not guilty in January to four counts of filing false FEC reports. He was extradited from Brazil in 2003, where prosecutors said he had fled, and was in federal custody until January after spending 43 months in prisons in the two countries.
Paul filed a complaint with the Federal Election Commission and a civil lawsuit claiming he agreed to throw the fund-raiser in exchange for a promise from then-President Bill Clinton to work for Stan Lee Media after he left the White House.
The former president has denied that allegation, and both Clintons have asked the California Supreme Court to dismiss the lawsuit.
On Monday, Paul demanded that Sen. Clinton "take responsibility for her role in what was the largest campaign finance fraud basically that has ever been reported."
"I'm standing up and taking responsibility for an SEC violation. ... She, as a public figure, should do the same for her (Federal Election Commission) violation," he said.
A spokeswoman for Clinton could not immediately be reached for comment.
Clinton has not been charged with any wrongdoing in connection with the Aug. 12, 2000, fund-raising concert starring Cher and Diana Ross and billed as honoring her husband.
Prosecutors estimated the fund-raiser cost more than $1.2 million, paid for with more than $1.1 million of "in-kind" contributions from Paul. But Rosen purportedly told federal election officials in-kind contributions totaled $400,000.
let this one fester for 4 years....till it ripens....
Yet another "winner" client for Judicial Watch.
Here's another one for your open case file.
Haha hahahahaha Bawahahaha!
Pardon me whilst I wipe the tears from mine eyes! LOfreakingL
Oh yes, let this fruit ripen. It ain't gonna fall far from the tree, but oh boy, Hill, ya done did it. Ya broke the law. Can't wait to see the spin control on this one! SHE set the price she got!
Has she EVER taken responsibility?
No. She doesn't have to because OLD MEDIA has never held her accountable like they have Republicans. Just wait for her presidential run. We will be expected to believe she is the second coming by OLD MEDIA. We are supposed to have amnesia about all the CRIMINAL acts that she has pulled over YEARS and YEARS and YEARS. "Old news" don't you know.
Stock up on information about Hillary because we are going to need it to counter OLD MEDIA.
I've had a Hillary file for a couple of years now. It's unmanagably large :-)
That's why I say BOXER/Hillary on '08! heh
Thank you very much.
Gosh, I'm trying to think of what case was in the news the other day and has a secret witness who is testifying in the case that I can't recall AND an undisclosed to the reporter other case. It was a clinton story---Marc Rich pardon, maybe...
LOL! So do I. Together we can refute all the lies OLD MEDIA will come up with.
Nice to see Reuters keeping that "objective" perspective.< /sarcasm>
Hillary's STAFF, not Hillary. Heh.
Your thinking of the Peter Paul scandal in LA
I like how the "Vital Voices" logo makes a big W
oops me bad
Hope he doesn't plan on holding his breath waiting for her to do that
No, that's this case!
So many cases...and nothing to do with Peter Paul...the one I'm thinking of. This ping just jogged my mind to try and remember what other investigations are going on...Berger, pardons, fund-raiser...
The first thing I noticed was the 'Beijing At Ten.' I thought she was trying to get on the evening news in the motherland...