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COLLINS SHIPPING CEO ARRESTED.

          Liam Collins, founder and head of Collins Shipping Inc, was arrested Friday afternoon, after a prolonged trip over seas.  The New York native was greeted by Federal agents, and arrested on income tax evasion charges.  He was arraigned and released on five million dollars bail, and forced to surrender his passport.  The market scrambled to day to keep up with investors dumping CSI stock in a panic after the charges were confirmed. 

          A representative from Collins Shipping assured investors that, "the charges are malicious and untrue,"  and, "have nothing to do with the Collins shipping."  He continued on by stating that the IRS had found no fault with the financial practices of the business itself, but there were easily explained mistakes in Mr. Collins personal accounting.

          Collins Shipping arrived on the scene in the early 1970's . . . .


COLLINS BAIL REVOKED FOR DOMESTIC DISTURBANCE.

      
        Police officers responded to a noise complaint at the Collins residence late Saturday night, sources say.  Officers had to subdue and arrest Liam Collins, who not a day earlier had just been released on bail for Federal charges.  While no charges were filed against the business man, a judge ordered his bail be revoked early this morning.

      This is not the first time Collins has been brought in on domestic violence charges, one earlier this year, and various complaints back in 2005 and 2004.  As of this date, no charges have ever been filed against Mr. Collins.

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February 2013

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