Former MiMedx CEO and COO are convicted on fraud, conspiracy charges
The MiMedx saga — which has included a months-long investigation, FBI involvement and allegations that the company fraudulently boosted its sales — has resulted in the conviction of two former executives. But it isn’t quite over yet.
Former CEO Parker “Pete” Petit and former COO William Taylor have been convicted on a securities fraud count and a conspiracy count, respectively, in the Southern District Court of New York. The Manhattan US attorney’s office accused the men of falsely reporting $9.5 million of revenue in 2015 to boost the company’s stock and fill their own piggy banks, per a Law360 report.
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