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Article: Teo back in business after serving time.(securities fraud cases with Sigma Plastics Group)
- Article from:
- Plastics News
- Article date:
- November 3, 2008
- Author:
CopyrightCOPYRIGHT 2008 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Dan Hockensmith
Alfred Teo Sr.'s 11-month stint in federal prison left an impression on the chairman and chief executive officer of Sigma Plastics Group.
"I never imagined at this state in my life I would go through an experience like this. I had a bad experience with Communist China when I was a kid, but compared to this, it was a piece of cake.''
Thus did Teo founder of the $1.6 billion bag and film conglomerate describe the consequences of his conviction on securities fraud charges unrelated to his plastics business.
Teo, 62, was released in April from a minimum-security facility in Morgantown, W.Va. Under terms of his ...
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Article: Musicland investor Teo lied, rigged system, jurors told
The Record (Bergen County, NJ);
May 17, 2006 ;
700+ words
... ... BLOOMBERG NEWS Date: 05-17-2006, Wednesday Section: BUSINESS Edtion: All Editions Musicland Stores Corp. investor Alfred Teo Sr. made $18 million by lying about his stock holdings and engaged in insider trading before Best Buy Co. bought the company ...
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