Ex-ArthroCare CFO gets four years in U.S. prison for fraud scheme [Reuters]
Smith & Nephew SNATS, Inc. (SNN)
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Source: Reuters
Ex-ArthroCare CFO gets four years in U.S. prison for fraud scheme | Reuters 3 Min Read (Reuters) - The former chief financial officer of medical device company ArthroCare Corp was sentenced on Friday to more than four years in prison after pleading guilty to participating in what federal prosecutors called a $750 million securities fraud. Michael Gluk, 59, was sentenced by U.S. District Judge Sam Sparks in Austin, Texas, after pleading guilty in June to one count of conspiracy to commit wire and securities fraud, the U.S. Justice Department said. The sentencing came after Gluk in August testified at the trial of former ArthroCare Chief Executive Officer Michael Baker, who was convicted of securities fraud, wire fraud and other charges and sentenced in November to 20 years in prison. Both men were convicted at a trial in 2014. But a federal appeals court in January 2016 overturned their convictions after finding that evidence was improperly excluded from the trial. Gluk had been servin
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SNN
Sec Filings
- 3/28/24 - Form 6-K
- 3/22/24 - Form CERT
- 3/20/24 - Form 8-A12B
- SNN's page on the SEC website