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Tuesday, July 8, 2008
WND Still Obscuring Peter Paul's Felonious History
Topic: WorldNetDaily

A July 8 WorldNetDaily article by Art Moore continues his and WND's history of obscuring the criminal history of Peter Paul, who is hurling lawsuits at the Clintons to save his own bacon.

Way down in the 27th paragraph of the article, after touting "Hollywood entrepeneur" Paul's latest lawsuit, Moore writes:

Paul awaits sentencing, under house arrest, after pleading guilty in 2005 to a 10(b)5 violation of the Securities and Exchange Commission for not publicly disclosing his control of Merrill Lynch margin accounts that held Stan Lee Media stocks and for transactions in mid-November 2000 he says were done to keep the stock from losing value and keep the company alive[.]

In fact, as we've detailed, the U.S. Attorney's office who prosecuted Paul spoke in much clearer language about Paul's criminality:

The securities fraud charges arise from PAUL's leading role in a scheme to manipulate the price of Stan Lee Media common stock, including transactions in which PAUL secretly borrowed money using the stock as collateral, and to profit unlawfully from such manipulations. The scheme resulted in losses to the investing public and financial institutions of approximately $25 million.

By throwing in gobbledygook like "10(b)5 violation of the Securities and Exchange Commission," Moore is trying to obscure the seriousness of Paul's offense. And, of course, there's no mention of Paul's previous criminal history, which includes a conviction for cocaine possession and an attempt to defraud Fidel Castro out of $8 million.

The mystery is why -- beyond hatred of the Clintons -- Moore and WND continue to cast their lot with a thrice-convicted felon who is merely trying to keep his guilty tuchus out of jail.

Posted by Terry K. at 6:39 PM EDT

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