Ex-PixarBio CEO sentenced to 7 years for defrauding investors

Ex-PixarBio CEO sentenced to 7 years for defrauding investors

Source: 
Fierce Biotech
snippet: 

A judge has sentenced former PixarBio CEO Frank Reynolds to seven years in prison for defrauding investors. The judge also ordered Reynolds to pay $280,000 in forfeiture and around $7.5 million in restitution as punishment for his crimes.