FORMER ARTHROCARE CEO CONVICTED AGAIN (Orthopedics This Week)
Former ArthroCare Corporation CEO Michael Baker has been convicted for a second time by a federal jury for his role in orchestrating a fraud scheme that resulted in shareholder losses of over $750 million.
Baker and Michael Gluk, the company's former CFO, were originally convicted in June 2014 for running a scheme to generate false revenue numbers by dumping inventory, first through a distributor called DiscoCare and then sending free shipments to end-users. ArthroCare was DiscoCare’s only client until it acquired DiscoCare ...
