I believe instead of saying “it could” have an impact, you mean to say “I hope”.

What is your problem? Did you crash some techie convention where Shannon Terry brushed you off? Grow up.

His lawyer is correct and you are wrong. Shannon was not a principal in SGA Goldstar. He was barely a few years out of college when he was hired as an employee of Mr. Melcher’s SGA Goldstar newsletter. He went to work there thinking it was a legitimate investment newsletter.

He is the one who convinced Mr. Melcher to take it online and took charge of the transition. For that, Melcher granted him a bonus of stocks, stocks which turned out to be part of the pump and dump. That’s the $828,000. It was not a fine. It was a forfeiture. Shannon sold his shares when the stock rose, like many investors do to take a profit.

It was only after he sold his shares that Shannon found out the run up was due to market manipulation. Shannon did not know this was a pump and dump operation. He was not involved in soliciting companies to tout, nor was he involved in fabricating information about the stocks.

When the SEC investigation discovered what was going on, Shannon did indeed cooperate. Not to get himself leniency (he wasn’t guilty of anything), but to cooperate because it was the right thing to do. He felt he had been duped as well. The resolution of the SEC investigation confirms this.

Mr. Kraft and Mr. Huttoe initiated the pump and dump. It was their operation. Mr. Melcher became involved later in the process. Mr. Terry was not privy to any of the conversations or manipulations involving the pump and dump. That is the real reason Kraft, Huttoe, and Melcher served prison terms and Mr. Terry did not.

The way you are casting this story is in a completely false light. It IS defamatory, and shows you have only the most shallow and confused idea of what happened.

Does this website have permission to basically repost your article???????

People make mistakes. Some of them are hard to forgive. But most of them are forgivable and lessons were learned. I think the CEO of Rivals.com deserves a fair chance. Noone should judge him now for mistakes he made a long time ago. Potential buyers of Rivals.com should be careful and find out if the company is healthy, but thats it. All I am saying is DON’T burn the guy because he made a mistake. Noone here is 100% clean, including you and me. And if people would start digging in your past they would probably find something too, right?

Amen,
Tim

Man, now I have to send a strongly worded letter to Techcrunch for being defamed in the comments? Dammit.

Not to waste space here, but none of those videos are hosted by me, and all of them can be reported to the site hosting them and removed for inappropriate content. The end

Later I have to figure out how to monetize ‘Pedophile 2.0′.

Smiley
myCuteGalaxy.com
http://www.mycutegalaxy.com

My brother works in wall street. All the investors need know the future acquistion targets. If they don’t… U.S will lose money…. money will ship to dubai, europe, and round the globe.

Today, I think we see mike as hero. He’s my idol…

It’s like being in court. You answer honestly, but if nobody asks the right question, you are under no obligation to reveal anything.

Two choices to make:
1. Quit CEO. Take burger flipping job and buy anti-depress pills.
Court will approve that you are mentally ill. You are not entitle to take
higher position job. The court cannot put you in jail. If are you
mentally ill. It’s against the law to jail mental ill business man/woman.
Genius goes to jail is not America! It’s nazi theory.

2. Go to court and than jail.
Oh yeah, you will be all over TV station. you will get media mug you and
take your pretty face snap shot. People on TV will make fun of you freely.
You can be famous CEO jailer. You will get free food in jail that good news.
Think of Martha stewart she went to jail and go to out. She start over
again.

Two choice…. Lesson to learn never commited fraud. Don’t mess with U.S.A it is great country. We all like it.

Very hard. By commited Fraud…. Only losers would do. I’m serious.

I guess it best to shanno to resign as CEO. SEC will bust, mess, harrass, invade security, school record, check your bank records, security code, assets, etc…

Advice. take resignation and start over… I think it’s good idea for shannon terry to take a job as flipping burgers.

It’s absolutely astonishing that Mr. Arrington seems to find a way to crucify any wesbite, or individual, that got their start outside his personal sphere of VCs or cronies. If you’re not in his circle of influence, watch out. Not only can TC make a site, it can also break it into pieces. Whats the point? I did not see him hanging Steve Jobs on a cross for his options crap. Way to go Mike.

Mike just check comment #4 from Kewtr….The content on the site is well check it out for yourself.

Pedophile 2.0?

But after I read the post, I couldnt keep myself from thinking that 1 CEO´s fraud is a nightmare for a company and other is singing merrily even after the disclosures and his company hitting milestones after milestones.

May be its all about green bucks after all. You make it, and we ll even hide your dirty laundry, you dont and you are a scumbag.

More like…
“Pumps and a bump”
-MC Hammer
http://www.youtube.com/watch?v=wxp6W12QQbE

No one bothered to ask?