Howard Richman, the former vice president of Biopure, is heading to jail, reports the Associated Press. During a complaint by Securities and Exchange Commission that accused Biopure executives of misleading their investors about their synthetic blood product's chances of being approved, Richman instructed his lawyer to say that he had terminal colon cancer — which he does not have. Richman pled guilty to obstruction of justice and was sentenced to three years in prison.
Shame, Shame, Shame
Oct 07, 2009