Sinkhole in Braintree suspends…BOSTON - The flooding caused by the recent Massachusetts storm …
jail Creative Commons/Flickr /abardwell
Ex-Harvard student indicted in deadly…BOSTON - A former Harvard University student has been indicted …
Report: Massachusetts hospital costs…BOSTON - A new report shows Massachusetts hospital costs have …
Patrick's first re-election ad targets…BOSTON - Governor Deval Patrick has released the first ad of …
Ex-Biopure VP Howard Richman gets 3 years for faking cancer
Updated: Tuesday, 06 Oct 2009, 4:47 PM EDT
Published : Tuesday, 06 Oct 2009, 4:47 PM EDT
BOSTON - A former executive of Biopure Corp. has been sentenced to three years in prison for pretending he had terminal cancer to dodge a federal lawsuit filed by securities regulators.
Howard Richman, a former vice president at the Cambridge-based biotech company, pleaded guilty to an obstruction of justice charge in March. He was sentenced Monday in U.S. District Court.
The 57-year-old Richman, of Pearland, Texas, admitted he had instructed his lawyers to tell a judge he was gravely ill with colon cancer.
Prosecutors said Richman fabricated the story in an attempt to wriggle out of a lawsuit filed by the Securities and Exchange Commission and to avoid paying a large civil fine.
The SEC complaint accused Biopure, Richman and three other executives of misleading investors about the prospects of winning approval for a synthetic blood product.
EmailThis
Print this story
View Story on a Single PageAdvertisement
Keeping your children off of drugs
SPECIAL REPORT It's one of every parent's worst nightmares; finding out your …
Advertisement