Court Rejects ‘Stan Lee’ Executive’s Bid For Credit Toward Securities Fraud Sentence

Stan Lee Media co-founder Peter F. Paul is not entitled to a pre-sentence custody credit toward his 120-month sentence for securities fraud for the 53 months that he remained on bond, but subject to home detention with electronic monitoring, the U.S. District Court for the Western District of Texas ruled Aug. 1 (Paul v. Bragg).

In a decision by Judge Kathleen Cardone, the court said the record clearly shows that a purported sentencing credit agreement did not exist.

Price Manipulation.

The court recounted that in 1998, Paul and Stan Lee founded Stan Lee Media, an internet-based multimedia production ...