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December 19, 2018

Posted  December 19, 2018

Multiple individual defendants associated with a fraud perpetrated against Minneapolis-area Starkey Laboratories, Inc., are facing sentencing following guilty pleas and convictions.  Jerome Ruzicka, the former president of Starkey, orchestrated a scheme to steal millions from the hearing aid company, including through the use of sham companies and dummy entities through which the defendants directed funds for their own benefit, and through the award of restricted stock in affiliated companies.  Ruzicka will be sentenced to seven years in federal prison.  USAO MN

Tagged in: Criminal Proceedings, Financial and Investment Fraud,