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CEO Of Rivals Committed Securities Fraud; May Kill Yahoo Acquisition
Rumors about a possible $100 million acquisition by Yahoo of sports content site Rivals surfaced today. But two previous deals to acquire the company died once it was discovered that the CEO, Shannon Terry, was found to have been involved in a classic 'pump and dump' scheme, and violated the anti-touting and antifraud provisions of U.S. securities laws in 1998.


Source: http://www.techcrunch.com/2007/04/12/ceo-of-rivals-committed-securities-fraud-may-kill-yahoo-acquisition/

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