HDL Article in the Ann Arbor News is WRONG!

August 6, 2002 by  
Filed under News

Dear Ypsilanti DDA Board and Ypsilanti Community,

I wanted to let you know there was a horrible article in Thursday’s Ann Arbor News accusing me of securities fraud.

What the Ann Arbor News said is not true. Not a single Ann Arbor News reporter or editor EVER called or emailed me to confirm any of the facts in this story. This is a case of mistaken identity.

Here is the actual press release from the U.S. Commodity Futures Trading Commission website. In the press release, which the Ann Arbor News had access to, the CFTC identifies Stephen Alan Pierce of Ann Arbor. This is not me. The name isn’t even spelled right.

My name is Steven Robert Pierce and I live and work in Ypsilanti.

If the Ann Arbor News would have taken just two minutes to call me and confirm the facts, none of this would have happened. Unfortunately, no reporter or editor from the Ann Arbor News ever called me, emailed me, or left me voice mail about this story.

I am sure you were just as shocked as I was when I read the article this evening. There can be no excuse for what the Ann Arbor News has done and no retraction can ever make up for the damage they have caused me, my family, and my business.

– Steve

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