A federal jury yesterday refused to overturn the convictions of 2 former ArthroCare (NSDQ:ARTC) executives found guilty last month of masterminding a scheme to defraud investors of some $400 million.
Former ArthroCare CEO Michael Baker was found guilty in June of conspiracy to commit wire and securities fraud, wire fraud, securities fraud and false statements and remanded into custody, according to a press release. Ex-CFO Michael Gluk was found convicted of conspiracy to commit wire and securities fraud, wire fraud and securities fraud.
Help employers find you! Check out all the jobs and post your resume.
