2 Former Arthrocare Execs Charged With $400M Fraud

Medical Execs Charged With $400 Million Fraud (Courthouse News)
Two former executives of medical device maker Arthrocare were arrested Wednesday and charged with defrauding investors of more than $400 million, federal prosecutors said.
John Raffle, a former senior vice president of strategic business units, and David Applegate, a former senior vice president of ArthroCare's spine division, were arrested Wednesday morning, Raffle in Morristown, N.J., and Applegate in Orange County, Calif.
Both men are charged with conspiracy to commit wire fraud, mail fraud and securities fraud, four counts of ...