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SEC Charges Former CEO of Medical Device Startup Stimwave with $41M Fraud

• helsinkiandrew 3y ago
  > According to the SEC’s complaint, the medical device comprised several components, one of which was a fake, non-functional component that was implanted into patients’ bodies....The SEC’s complaint alleges that Perryman knew, or was reckless in not knowing, that the smaller receiver was, in reality, fake and nothing more than a piece of plastic. There is a limit to "Fake it till you make it" The indictment is a good read of exactly what and why they did it: https://www.justice.gov/d9/press-releases/attachments/2023/03/09/u.s._v._perryman_indictment_0_0.pdf https://www.justice.gov/d9/press-releases/attachments/2023/0...