Ex-CEO of Nevada-based health care company Ontrak convicted of $12.5 million insider trading scheme

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Insider Trading Nouvelles

Ontrak,Justice Department,Terren Scott Peizer

LOS ANGELES (AP) — The former CEO and chairman of Ontrak, a publicly traded health care company based in Nevada, was found guilty Friday of a multimillion...

LOS ANGELES — The former CEO and chairman of Ontrak, a publicly traded health care company based in Nevada, was found guilty Friday of a multimillion-dollar insider trading scheme.

Authorities said Peizer violated some of those limits when he set up plans in 2021 to sell shares in order to avoid more than $12.5 million in losses, after he learned that Ontrak's largest customer at the time was set to terminate its contract with the company based just outside of Las Vegas.After the news later became public, Ontrak's stock price dropped by more than 44%, authorities said.

“In our view, this result is a travesty of justice, as Terren Peizer is innocent of these charges,” Willingham said. “We will not rest until it is overturned.” Paul D. Thorley, 30, and Mary E. Thorley, 28, allegedly left the child alone for around 15 minutes while they went boating in Lake George, N.Y., police sayClarence Thomas is sole dissenter in Supreme Court decision on guns

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