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Rakoff Hits Ex-MiMedx Exec With 1 Year For Fraud Scheme
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Unrepentant Ex-MiMedx CEO Gets 1 Year For Revenue Fraud
Law360, New York (February 23, 2021, 6:00 PM EST) A Manhattan federal judge sentenced former MiMedx Group Inc. CEO Parker Pete Petit to a year in prison Tuesday for inflating the publicly traded biologics company s earnings, saying a jury rightly convicted him of fraud despite his denials of guilt.
At a video hearing, U.S. District Judge Jed S. Rakoff also hit the 81-year-old businessman from Georgia with a $1 million fine and ordered him to surrender to custody on Sept. 21 setting a later date than usual in hopes that by then the risk to inmates of COVID-19 will be lessened by vaccines.
Unrepentant Ex-MiMedx CEO Gets 1 Year For Revenue Fraud
law360.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from law360.com Daily Mail and Mail on Sunday newspapers.
The cottage industry behind Trump’s pardons: How the rich and well-connected got ahead at the expense of others Beth Reinhard, Rosalind Helderman, Tom Hamburger, Josh Dawsey © Jabin Botsford/The Washington Post As president, Donald Trump issued a blizzard of 144 pardon and commutations in his final hours at the White House. A federal judge in South Dakota was blunt last summer when she sentenced Paul Erickson, a seasoned Republican operative who had pleaded guilty to wire fraud and money laundering. “What comes through is that you’re a thief, and you’ve betrayed your friends, your family, pretty much everyone you know,” District Judge Karen E. Schreier told Erickson in July, before sentencing him to seven years in prison for scamming dozens of people out of $5.3 million.
Print article A federal judge in South Dakota was blunt last summer when she sentenced Paul Erickson, a seasoned Republican operative who had pleaded guilty to wire fraud and money laundering. “What comes through is that you’re a thief, and you’ve betrayed your friends, your family, pretty much everyone you know,” federal District Judge Karen Schreier told Erickson in July, before sentencing him to seven years in prison for scamming dozens of people out of $5.3 million. But Erickson, who had advised GOP presidential campaigns and a noted conservative organization, had a way out. He had the ear of White House adviser Kellyanne Conway, a member of President Donald Trump’s inner orbit. And, unrelated to his conviction, he had been caught up in the investigation of Russia’s interference in the 2016 presidential campaign, an inquiry much reviled by Trump.
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