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

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 59 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 48%
  • Publisher: 63%

Insider Trading News

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

Nearly 30 years after the bodies of “Julie” Williams, 24, and Laura “Lollie” Winans, 24, were found bound and gagged at their campsite with their throats slit, the FBI has tracked their killerANCHORAGE, Alaska — An Alaska serial killer who admitted that he killed five people, including one when he was only 14, has died in an Indiana prison, officials said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in BUSİNESS

Business Business Latest News, Business Business Headlines