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'Whistleblower Field': Marc Cohodes announces $100,000 donation to rename Parker H. Petit Field

'Whistleblower Field': Marc Cohodes announces $100,000 donation to rename Parker H. Petit Field
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CEO Who Blamed His Cancer on Short Sellers Set for Sentencing

(Bloomberg) Parker H. Petit, the former MiMedx Group Inc. chief executive officer convicted last year of securities fraud, was sentenced Tuesday to one year in prison.“Prison time sends a deterrence message that can not be sent by any other punishment,” Judge Jed S. Rakoff said at a hearing in federal court in Manhattan.Still, given that Petit is 81, suffers from recurring bladder cancer and has done much good throughout his life, “I don’t think that this requires years and years of punishment,” Rakoff said.For Petit, it’s the end of a business career that spanned more than five decades before it unraveled. He left the medical device company in June 2018 and was indicted a year later, accused of bribing customers, falsely recognizing revenue and lying to the board and auditors.He was found guilty on one of the two counts he faced, which carried a potential maximum sentence of 20 years. Prosecutors had asked for a “substantial” i ....

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