|From: jianwei (Rep: 41)||Date: 02/13/2020 14:46|
|Forum: InVivo Therapeutics - Msg #506||Thread #674123080 (Rec: 1) |
|BIG FRAUD >> Pixarbio CEO Reynolds convicted in $13m investor fraud case|
After a 14-day trial and two days of deliberation, the U.S. District Court for Massachusetts jury returned guilty verdicts on all three counts, convicting the InVivo Therapeutics (NSDQ:NVIV) founder on one count of securities fraud and three counts of obstruction related to a U.S. Securities & Exchange Commission investigation, according to the news paper.
The fraud charge reportedly carries a maximum sentence of 20 years; Reynolds is slated to be sentenced Feb. 6, the paper reported
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