Litigation
Feb. 26, 2016
Former medical device company CEO to pay $16M to settle SEC case
The former CEO of Medical Capital Holdings Inc. must pay up to roughly $16 million in civil penalties and post-judgment interest to resolve a Central District case that alleged a $1.76 billion Ponzi scheme.
Daily Journal Staff Writer
The former CEO of Medical Capital Holdings Inc. must pay up to roughly $16 million in civil penalties and post-judgment interest to resolve a Central District case that alleged a $1.76 billion Ponzi scheme.
The judgment on Tuesday by U.S. District Judge David O. Carter orders Sidney M. Field to pay $2.8 million for his role in the scheme, but that number jumps to about $...
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