POW! Entertainment Inc. (fka POWN)

[PIbecky]

Federal Court Fines Stan Lee's Heir $1mm for Seeking Federal Court Action to Recover the Name and Brand from a Chinese Communist Criminal Enterprise that Illegally Acquired POW Entertainment using Funds Obtained in a $1.6 Billion Fraud on Chinese Hedge funds with the Acquisition Being Challenged Now in a Shareholder Suit in Court in Delaware.

The Federal District Court ruled that the Estate of Stan Lee and his sole heir was precluded from asserting their rights to petition the federal Court to expose myriad frauds committed by Stan Lee's partner and prevent recovery of the Stan Lee brand from the fraudulent acquisition by a Chinese communist criminal enterprise- Camsing International - acting through POW Entertainment- a company that was fraudulently purchased in 2017 with the assistance of its co-founder Gill Champion who betrayed his relationship with Stan Lee to benefit personally at Stan Lee's expense.

The Court was uninterested in the fact that Camsing International and its Founder and Chairman Vivian Lo, who was arrested in June 2019, for defrauding the largest hedge funds in China of $1.6 billion, which was used to buy POW Entertainment and use Stan Lee's name to further the ongoing frauds it committed from 2016 until the company was forced to stop trading its stock on Hong Kong when its founder was sentenced to 10 years in prison.

The shareholders of POW Entertainment are currently suing Champion and POW for the illegalities in the Camsing acquisition.

The evidence of these frauds was precluded from being presented in Court by the Estate on the basis that previous litigation asserting rights Stan Lee assigned to his original company Stan Lee Entertainment, resulted in a determination that Stan Lee's employment contract was unenforceable and that somehow precluded the enforceability of all rights that were assigned forever and unconditionally to Stan Lee Entertainment which is now partnering with the Estate to recover Stan Lee's name and brand.

We hope that the Appellate Court will not permit this travesty to become binding.

Genius Brands, a US Public company, has announced that it has made a deal with POW Entertainment to exploit Stan Lee's name and brand internationally with the knowledge that Stan Lee and the Estate have challenged the use of Stan's name and have presented a California Judgment that is enforceable everywhere around the world except in California where the Federal Court denied the Estate the opportunity to demonstrate the illegalities that were engaged in by the Chinese Communist criminal enterprise that now owns POW.

Here is Stan Lee saying he never gave the rights to POW or Camsing