Former MiMedx execs are convicted in fraud case

Report: Jury convicts ex-MiMedx execs in fraud case (MassDevice)

Two former executives of MiMedx were convicted today on charges in an alleged fraud scheme involving distributors, according to a report by Law360.
A Manhattan jury rendered the verdicts against former CEO Parker H. “Pete” Petit and former COO William C. Taylor, whom federal prosecutors had charged with entering into undisclosed side arrangements with five distributors. These side arrangements allowed distributors to return product to MiMedx or conditioned distributors’ payment obligations on sales to end-users, the governmen...