Ex-ArthroCare CEO, CFO must face $400M fraud charges

May 30, 2014 by Brad Perriello

A federal judge in Texas denies acquittal bids by the former CEO and CFO of ArthroCare, who are facing criminal charges that they led a $400 million scheme to defraud investors.

The former CEO and CFO for ArthroCare (NSDQ:ARTC) must face criminal fraud charges in Texas in an alleged $400 million scheme to dupe investors, after a federal judge this week shot down their bids for acquittal.

In a terse order issued May 28, Judge Sam Sparks of the U.S. District Court for Western Texas denied motions for acquittal by ex-ArthroCare CEO Michael Baker and former CFO Michael Gluk. Sparks did not elucidate his reasons for not letting the duo off the hook.



Josh Sandberg

Josh Sandberg is the President of Ortho Sales Partners and Partner for The De Angelis Group. He also serves as Co-Founder and Editor of OrthoSpineNews.

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