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Posted On: 12/21/2023 4:08:51 PM
Post# of 148878
This is what can happen when a company officer is found guilty of fraud.
Quote:
Earlier this year, the U.S. Department of Justice arrested Laura Perryman, the co-founder and former CEO of neurostimulation devicemaker Stimwave, on accusations of fraud. Several months later, the Securities and Exchange Commission is piling on.
The SEC filed a complaint (PDF) this week alleging that Perryman committed fraud while raising Stimwave’s series D funding round between 2018 and 2019. The resulting $41 million in support was based on “materially false and misleading statements” that Perryman made to investors, per the SEC, specifically centering on Stimwave’s peripheral nerve stimulation device, the StimQ.
https://www.fiercebiotech.com/medtech/after-d...ave-ex-ceo
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