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Stock impact report

Scammer who cheated ex-NBA star Dwight Howard out of $7 million in fake bid for WNBA team gets 12 years in prison [Fortune]

United Parcel Service, Inc. (UPS) 
Last united parcel service, inc. earnings: 4/28 07:00 am Check Earnings Report
US:NYSE Investor Relations: investors.ups.com
Company Research Source: Fortune
A Manhattan jury in October convicted Calvin Darden Jr. of cheating Howard — who had been one of the NBA's most dominant players in his prime — out of $7 million in a bogus scheme to buy the WNBA's Atlanta Dream. The 50-year-old Atlanta resident was also found guilty of bilking $1 million from former NBA forward Chandler Parsons in a separate ruse involving the development of then-NBA prospect James Wiseman. A Manhattan federal court judge on Thursday ordered Darden to forfeit $8 million, as well as several luxury items he acquired with the ill-gotten gains, including a $3.7 million Atlanta mansion, $600,000 in artwork by Jean-Michel Basquiat, a Lamborghini and a Rolls-Royce. Lawyers for Darden, who wasn't present in court when the sentence was handed down, declined comment. Darden was allowed to the leave the proceedings after waiving his right to be present and telling the judge he had suffered a concussion last week while in custody, according to the U.S. Attorney for the Show less Read more
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