CEO of vaccine maker sold $10 million in stock before company ruined Johnson & Johnson doses

WASHINGTON POST

The stock price of government contractor Emergent BioSolutions has fallen sharply since the disclosure at the end of March that production problems at the firm’s plant in Baltimore had ruined 15 million doses of Johnson & Johnson’s coronavirus vaccine. Since then, AstraZeneca moved production of its own vaccine out of the facility, and Emergent temporarily halted new production there altogether. read more »

SEC Charges Fund Manager and Former Race Car Team Owner with Multimillion Dollar Fraud

SEC

The Securities and Exchange Commission today charged Andrew T. Franzone, former owner of a race car team, and investment adviser FF Fund Management, LLC (FFM) with fraudulently raising and misappropriating tens of millions of dollars from the sale of limited partnership interests in a private fund, FF Fund I LP. read more »

'Mini-Madoff' who took investments from Santa Fe women ordered to pay $10.4M

YAHOO

An unregistered Santa Fe investment adviser dubbed a "mini-Madoff" was ordered to pay nearly $10.4 million in restitution and penalties after engaging in a Ponzi scheme for 20 years involving 45 investors across the country. read more »