Now, let me state that while four months in prison seems insignificant – it is not.
This former Human Resources person is now a convicted felon and is facing a huge fine along with the discomfort of prison. D., the former CEO of Inter Mune, Inc., was indicted on wire fraud and felony Food, Drug, and Cosmetic Act charges for his role in the creation and dissemination of false and misleading information about the efficacy of Inter Mune’s drug Actimmune (Interferon gamma-1b) as a treatment for idiopathic pulmonary fibrosis.
San Francisco, California: Stephanie Jensen, the former human resources vice president at Brocade Communications Systems, Inc.
Federal investigators estimate that CORRELL recirculated approximately $71 million to investors, resulting in losses of approximately $29 million.
Named after Charles Ponzi, a ponzi scheme is a fraudulent investment operation where high returns are promised to investors and usually paid out of other investors money rather than from profits generated from the investment promised., to 5 years probation and six months of home detention with electronic monitoring following her guilty plea to improperly receiving social security benefits from 2002 to 2006.
The full press release from the US Attorneys office is here.
While an indictment is not guilt – this is one doctor whose passion for “good” may have been overwhelmed by “greed.” Atlanta, Georgia: 12 years in federal prison and $29 million in restitution is what Travis E.
Correll, age 31, of Atlanta was sentenced to for his role in a massive Ponzi scheme.
From late 2001 to December 2005, CORRELL operated an investment program known as “Horizon Establishment,” which offered high monthly rates of return to investors.
for the state and private industry, started using the fraudulent identity and falsely acquired social security number in the 1960s and began collecting the benefits in the late 80s and early 90s while in her 60s. Chicago, Illinois: The United States, 23 states, and the District of Columbia will receive .7 million from CVS Caremark Corp., of Woonsocket, Rhode Island, to settle Medicaid prescription-drug-fraud claims initiated by a whistleblower, federal and state officials announced today.
CVS Caremark, which operates over 6,000 retail pharmacies throughout the United States, allegedly substituted capsules of Ranitidine (generic Zantac) for tablets solely to significantly increase the cost and profit rather than for any legitimate medical reason.
In less than 5 years, he took in over 0 million in investment money from private individual investors.