SEC charges Provectus founding CEO Dees with looting millions for girlfriends’ cosmetic surgeries, travel and more
Back in the early part of 2016, when Provectus’ $PVCT founding CEO Craig Dees resigned for “personal and health reasons,” new chairman Alfred Smith wished Dees well and then went on to say that the biotech had set up a review of the way it handled compensation and expenses.
Late that year, the longtime CFO and interim CEO Peter Culpepper, was dismissed “for cause.” And today the SEC says that both Dees and Culpepper had looted the company during their tenures at the penny stock biotech, which trades OTC.
Unlock this article instantly by becoming a free subscriber.
You’ll get access to free articles each month, plus you can customize what newsletters get delivered to your inbox each week, including breaking news.