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Teo back in business after serving time.

Publication: Plastics News
Publication Date: 03-NOV-08 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Teo back in business after serving time.(securities fraud cases with Sigma Plastics Group)

Article Excerpt
Byline: Dan Hockensmith

Alfred Teo Sr.'s 11-month stint in federal prison left an impression on the chairman and chief executive officer of Sigma Plastics Group.

"I never imagined at this state in my life I would go through an experience like this. I had a bad experience with Communist China when I was a kid, but compared to this, it was a piece of cake.''

Thus did Teo founder of the $1.6 billion bag and film conglomerate describe the consequences of his conviction on securities fraud charges unrelated to his plastics business.

Teo, 62, was released in April from a minimum-security facility in Morgantown, W.Va. Under terms of his probation, Teo regularly had to check in with federal officials in New York until Oct. 3.

He was not allowed to return to day-to-day management of Sigma until Nov. 1, the start of the company's fiscal year. He filled the time auditing the books for a local gym where he worked out.

"[The experience]...

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