Prosecutors for the federal government are seeking hefty sentences for a pair of former ArthroCare (NSDQ:ARTC) executives found guilty of defrauding investors.
The feds asked for a 30-year sentence for former CEO Michael Baker and a 20-year sentence for former CFO Michael Gluk, saying that the pair showed no remorse for running a scheme that cost investors up to $960 million. Prosecutors further asked for $25 million total in restitution from both men as well as a 5-year term of supervised release following their prison terms.
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