Life Clips Inc (fka LCLP)

[Dolly Llama]

Barely avoided jail time? Please. Let's not exaggerate.

I hope he goes to jail for it this time. He barely avoided it with his other start-up called Stinger.

Just look at the judge's final ruling in the Stinger case. There were no fines or penalties, nor admission of wrongdoing. Stinger was enjoined from future violations. That's it.

"The Securities and Exchange Commission announced today that on May 1, 2008, the Honorable Willis B. Hunt, United States District Judge for the Northern District of Georgia, entered the Final Judgement as to Defendant Stinger Systems, Inc. ("Stinger"). Stinger was enjoined from future violations of Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder. Stinger consented to the entry of the final judgement without admitting or denying any of the allegations of the Commission's Complaint."

final ruling in Stinger case