Free Republic

"Academy violated existing firearms laws when one of its San Antonio stores illegally sold the mass shooter the High Capacity Ruger AR-556 semi-automatic rifle that was used in the shooting," the lawsuit reads. The plaintiffs argue that because the gunman lived in Colorado at the time, and the state adopted a ban on "high capacity assault rifles," Academy Sports should have denied the sale. "At the time the mass shooter illegally purchased the High Capacity Ruger AR-556 model 8500 at Academy in Texas, he reported a Colorado Springs, Colorado address on his Firearms Transaction Record, Form 4473. He presented Defendant...

The one-time owners of Penthouse magazine cooked the books and defrauded investors by falsely booking up to $1 million in phantom revenue in 2003, according to charges leveled yesterday by federal regulators. The Securities and Exchange Commission also charged that executives at the company illegally used an electronic signature of Bob Guccione Sr., the magazine's legendary founder, on government filings that he never saw. "The inclusion of the $1 million payment under the agreement increased Penthouse's reported revenue by approximately 9 percent from $11,072,000 to $12,072,000 and changed a quarterly net loss of $167,000 to a purported net profit of...