TITLE

Plasticon’s Turek convicted

AUTHOR(S)
Verespej, Mike
PUB. DATE
July 2012
SOURCE
Plastics News;7/2/2012, Vol. 24 Issue 17, p0014
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on the conviction of former recycled plastics product chief executive officer James Norman Turek of the now-defunct Plasticon International for securities and tax fraud on June 22, 2012. It states that he falsely claimed through press releases and statements to investors that Plasticon was profitable and owned valuable patents. It mentions he transferred company stock into the names of family members and friends to circumvent U.S. Securities and Exchange Commission rules.
ACCESSION #
77622235

 

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