Ruth Handler company, Ruthton Corp., formed by her and Peyton Massey, which manufactured a more realistic version of a woman's breast, called "Nearly Me". She personally fitted one for the then first lady, Betty Ford. In 1974, Handler resigned from Mattel after investigations of producing fraudulent financial reports. In 1978, Handler was charged with fraud and false reporting to the Securities and Exchange Commission. She pleaded no contest, was fined $57,000 and sentenced to 2,500 hours of community service.She blamed her illness for making her "unfocused" on her business. Though the Handlers took a more hands-off approach to their company's business practice
Tegu (toy company) March 2007. Will Haughey graduated from Indiana University’s Kelley School of Business in 2004 and began working at Goldman Sachs. After success in the investment banking field, he joined Tegu full time in May 2008. Tegu blocks are the first magnetic wooden blocks on the market and are manufactured using Huesito, Mahogany, Beech, and Primavera woods. The company name is derived from Honduras’ capital, Tegucigalpa. Tegu (toy company) Tegu is a toy company based in Honduras and the United States that sells magnetic wooden toy blocks. The company was founded in 2006 by Chris Haughey and Will Haughey. The company