We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

StarMedia Ex-Head Settles Over Alleged $18M Fraud

Law360 (March 9, 2011, 6:52 PM EST) -- The former president of StarMedia Network Inc., an Internet company that allegedly overstated revenues by $18 million over two years, agreed in a New York federal court Tuesday to pay a civil penalty of $100,000 for his role in the scandal.

Jack C. Chen, who co-founded the company, consented to the entry of a final judgment in the U.S. District Court for the Southern District of New York without admitting or denying allegations made by the U.S. Securities and Exchange Commission, according to an order signed...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.